Investment Securities (Tables)

3 Months Ended

Mar. 31, 2014

Investment securities as of March 31, 2014 and December 31, 2013 are summarized as follows:

March 31, 2014			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
Securities Available for Sale:
U.S. Government Agencies
Mortgage-Backed	$	286,438	$	209	$	(11,524	)	$	275,123
State, County & Municipal		3,875		11		(52	)		3,834
	$	290,313	$	220	$	(11,576	)	$	278,957
Securities Held to Maturity:
State, County and Municipal	$	38	$	--	$	--		$	38

December 31, 2013			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
Securities Available for Sale:
U.S. Government Agencies
Mortgage-Backed	$	273,029	$	119	$	(13,800	)	$	259,348
State, County & Municipal		3,979		15		(84	)		3,910
	$	277,008	$	134	$	(13,884	)	$	263,258
Securities Held to Maturity:
State, County and Municipal	$	37	$	--	$	--		$	37

Amortized cost and fair value of investment securities by contractual maturity

The amortized cost and fair value of investment securities as of March 31, 2014, by contractual maturity, are shown hereafter. Expected maturities will differ from contractual maturities because issuers have the right to call or prepay obligations with or without call or prepayment penalties. This is often the case with mortgage-backed securities, which are disclosed separately in the table below.

	Securities
	Available for Sale				Held to Maturity
	Amortized Cost		Fair Value		Amortized Cost		Fair Value

Due In One Year or Less	$	779	$	782	$	--	$	--
Due After One Year Through Five Years		1,245		1,252		38		38
Due After Five Years Through Ten Years		1,198		1,174		--		--
Due After Ten Years		653		626		--		--
		3,875		3,834		38		38

Mortgage-Backed Securities		286,438		275,123		--		--
	$	290,313	$	278,957	$	38	$	38

Invested securities in a continuous unrealized loss position

Information pertaining to securities with gross unrealized losses at March 31, 2014 and December 31, 2013 aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows:

	Less Than 12 Months					12 Months or Greater					Total

	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses

March 31, 2014
U.S. Government Agencies
Mortgage-Backed	$	141,975	$	(4,715	)	$	115,624	$	(6,809	)	$	257,599	$	(11,524	)
State, County and Municipal		953		(25	)		626		(27	)		1,579		(52	)
	$	142,928	$	(4,740	)	$	116,250	$	(6,836	)	$	259,178	$	(11,576	)

December 31, 2013
U.S. Government Agencies
Mortgage-Backed	$	190,064	$	(9,441	)	$	63,194	$	(4,359	)	$	253,258	$	(13,800	)
State, County and Municipal		1,647		(84	)		--		--			1,647		(84	)
	$	191,711	$	(9,525	)	$	63,194	$	(4,359	)	$	254,905	$	(13,884	)