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Securities (Tables)
 9 Months Ended
Sep. 30, 2018
Investments, Debt and Equity Securities [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 at September 30, 2018 and December 31, 2017, were as follows:
Securities Available-for-Sale: 
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
 Fair
Value
 
 
 

 
 

 
 

 
 

September 30, 2018
 
 

 
 

 
 

 
 

Obligations of State and Political Subdivisions
 
$
284,991

 
$
2,473

 
$
(3,425
)
 
$
284,039

MBS/CMO - Residential
 
476,252

 
38

 
(20,702
)
 
455,588

Total
 
$
761,243

 
$
2,511

 
$
(24,127
)
 
$
739,627

 
 
 
 
 
 
 
 
 
December 31, 2017
 
 

 
 

 
 

 
 

Obligations of State and Political Subdivisions
 
$
267,437

 
$
6,733

 
$
(861
)
 
$
273,309

MBS/CMO - Residential
 
476,205

 
416

 
(9,289
)
 
467,332

Total
 
$
743,642

 
$
7,149

 
$
(10,150
)
 
$
740,641
Schedule of Securities by Contractual Maturity
The amortized cost and fair value of securities at September 30, 2018 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 Securities are not due at a single maturity date and are shown separately in the table below.
Securities Available-for-Sale:
 
Amortized
Cost
 
Fair
Value
 
 
 
 
 
Due in one year or less
 
$
1,765

 
$
1,772

Due after one year through five years
 
21,474

 
21,838

Due after five years through ten years
 
80,362

 
81,129

Due after ten years
 
181,390

 
179,300

MBS/CMO - Residential
 
476,252

 
455,588

Total
 
$
761,243

 
$
739,627

 
Schedule of Proceeds from the Sales of Securities
Proceeds from the Sales of Securities are summarized below:
 
 
Three Months Ended
 
Three Months Ended
 
 
September 30, 2018
 
September 30, 2017
 
 
 
 
 
Proceeds from Sales
 
$
5,404

 
$
48,343

Gross Gains on Sales
 
90

 
575

Income Taxes on Gross Gains
 
19

 
201

 
 
Nine Months Ended
 
Nine Months Ended
 
 
September 30, 2018
 
September 30, 2017
 
 
 
 
 
Proceeds from Sales
 
$
22,919

 
$
48,343

Gross Gains on Sales
 
434

 
575

Income Taxes on Gross Gains
 
92

 
201
Schedule of Securities with Unrealized Losses
Below is a summary of securities with unrealized losses as of September 30, 2018 and December 31, 2017, presented by length of time the securities have been in a continuous unrealized loss position:
 
 
Less than 12 Months
 
12 Months or More
 
Total
September 30, 2018
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of State and Political Subdivisions
 
$
109,010

 
$
(2,085
)
 
$
27,524

 
$
(1,340
)
 
$
136,534

 
$
(3,425
)
MBS/CMO - Residential
 
174,305

 
(4,989
)
 
278,806

 
(15,713
)
 
453,111

 
(20,702
)
Total
 
$
283,315

 
$
(7,074
)
 
$
306,330

 
$
(17,053
)
 
$
589,645

 
$
(24,127
)
 
 
Less than 12 Months
 
12 Months or More
 
Total
December 31, 2017
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
 
 
 
 
 
 
 
 
 
 
 
 
 
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
)
Total
 
$
205,584

 
$
(2,285
)
 
$
274,681

 
$
(7,865
)
 
$
480,265

 
$
(10,150
)