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Securities (Tables)
12 Months Ended
Dec. 31, 2017
Investments [Abstract]  
Schedule of Securities Available-for-Sale
The amortized cost, unrealized gross gains and losses recognized in accumulated other comprehensive income (loss), and fair value of Securities Available-for-Sale were as follows:
Securities Available-for-Sale:
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
2017
 
 

 
 

 
 

 
 

Obligations of State and Political Subdivisions
 
$
267,437

 
$
6,733

 
$
(861
)
 
$
273,309

MBS/CMO – Residential
 
476,205

 
416

 
(9,289
)
 
467,332

Equity Securities
 
353

 

 

 
353

Total
 
$
743,995

 
$
7,149

 
$
(10,150
)
 
$
740,994

 
 
 
 
 
 
 
 
 
2016
 
 

 
 

 
 

 
 

Obligations of State and Political Subdivisions
 
$
247,350

 
$
3,847

 
$
(3,678
)
 
$
247,519

MBS/CMO - Residential
 
471,852

 
480

 
(10,418
)
 
461,914

Equity Securities
 
353

 

 

 
353

Total
 
$
719,555

 
$
4,327

 
$
(14,096
)
 
$
709,786

Schedule of Securities by Contractual Maturity
The amortized cost and fair value of Securities at December 31, 2017 by contractual maturity are shown below. Expected maturities may differ from contractual maturities because some issuers have the right to call or prepay certain obligations with or without call or prepayment penalties. Mortgage-backed and Equity Securities are not due at a single maturity date and are shown separately. 
 
 
Amortized
Cost
 
Fair
Value
Securities Available-for-Sale:
 
 

 
 

Due in one year or less
 
$
2,706

 
$
2,739

Due after one year through five years
 
23,789

 
24,531

Due after five years through ten years
 
78,661

 
81,215

Due after ten years
 
162,281

 
164,824

MBS/CMO - Residential
 
476,205

 
467,332

Equity Securities
 
353

 
353

Total
 
$
743,995

 
$
740,994


Schedule of Proceeds from the Sales of Securities
 
 
2017
 
2016
 
2015
Proceeds from the Sales of Securities are summarized below: 
 
Available-
for-Sale
 
Available-
for-Sale
 
Available-
for-Sale
 
 
 
 
 
 
 
Proceeds from Sales
 
$
49,459

 
$
165,102

 
$
18,999

Gross Gains on Sales
 
596

 
1,979

 
725

 
 
 
 
 
 
 
Income Taxes on Gross Gains
 
209

 
693

 
254

Schedule of Securities with Unrealized Losses
Below is a summary of securities with unrealized losses as of year-end 2017 and 2016, presented by length of time the securities have been in a continuous unrealized loss position: 
 
 
Less than 12 Months
 
12 Months or More
 
Total
 
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
At December 31, 2017
 
 

 
 

 
 

 
 

 
 

 
 

Obligations of State and Political Subdivisions
 
$
33,230

 
$
(237
)
 
$
24,161

 
$
(624
)
 
$
57,391

 
$
(861
)
MBS/CMO - Residential
 
172,354

 
(2,048
)
 
250,520

 
(7,241
)
 
422,874

 
(9,289
)
Equity Securities
 

 

 

 

 

 

Total
 
$
205,584

 
$
(2,285
)
 
$
274,681

 
$
(7,865
)
 
$
480,265

 
$
(10,150
)

 
 
Less than 12 Months
 
12 Months or More
 
Total
 
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
At December 31, 2016
 
 

 
 

 
 

 
 

 
 

 
 

Obligations of State and Political Subdivisions
 
$
108,918

 
$
(3,678
)
 
$

 
$

 
$
108,918

 
$
(3,678
)
MBS/CMO - Residential
 
356,040

 
(8,782
)
 
47,271

 
(1,636
)
 
403,311

 
(10,418
)
Equity Securities
 

 

 

 

 

 

Total
 
$
464,958

 
$
(12,460
)
 
$
47,271

 
$
(1,636
)
 
$
512,229

 
$
(14,096
)