Securities (Tables)

9 Months Ended

Sep. 30, 2013

Amortized Cost, Unrealized Gross Gains and Losses Recognized in Accumulated Other Comprehensive Income (Loss), and Fair Value 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, 2013 and December 31, 2012, were as follows:

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
Securities Available-for-Sale:

September 30, 2013
U.S. Treasury and Agency Securities	$	20,754	$	2	$	(969)	$	19,787
Obligations of State and Political Subdivisions		95,033		2,793		(555)		97,271
Mortgage-backed Securities - Residential		496,129		4,765		(10,325)		490,569
Equity Securities		684		342		—		1,026
Total	$	612,600	$	7,902	$	(11,849)	$	608,653

December 31, 2012
U.S. Treasury and Agency Securities	$	23,570	$	40	$	(138)	$	23,472
Obligations of State and Political Subdivisions		71,352		5,145		(12)		76,485
Mortgage-backed Securities - Residential		475,452		11,505		(45)		486,912
Equity Securities		684		49		—		733
Total	$	571,058	$	16,739	$	(195)	$	587,602

Carrying Amount, Unrecognized Gains and Losses and Fair Value of Securities Held-to-Maturity

The carrying amount, unrecognized gains and losses and fair value of Securities Held-to-Maturity at September 30, 2013 and December 31, 2012, were as follows:

			Gross		Gross
	Carrying		Unrecognized		Unrecognized		Fair
	Amount		Gains		Losses		Value
Securities Held-to-Maturity:

September 30, 2013
Obligations of State and Political Subdivisions	$	268	$	3	$	—	$	271

December 31, 2012
Obligations of State and Political Subdivisions	$	346	$	5	$	—	$	351

Amortized Cost and Fair Value of Securities by Contractual Maturity

The amortized cost and fair value of Securities at September 30, 2013 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		Fair
	Cost		Value
Securities Available-for-Sale:
Due in one year or less	$	2,855	$	2,878
Due after one year through five years		11,966		12,237
Due after five years through ten years		60,770		61,075
Due after ten years		40,196		40,868
Mortgage-backed Securities - Residential		496,129		490,569
Equity Securities		684		1,026
Totals	$	612,600	$	608,653

	Carrying		Fair
	Amount		Value
Securities Held-to-Maturity:
Due in one year or less	$	—	$	—
Due after one year through five years		268		271
Due after five years through ten years		—		—
Due after ten years		—		—
Totals	$	268	$	271

Proceeds from the sales of Available-for-Sale Securities

Proceeds from the sales of Available-for-Sale Securities are summarized below:

	Three Months Ended		Three Months Ended
	September 30, 2013		September 30, 2012

Proceeds from Sales and Calls	$	19,231	$	40,949
Gross Gains on Sales and Calls		428		598
Income Taxes on Gross Gains		150		209

	Nine Months Ended		Nine Months Ended
	September 30, 2013		September 30, 2012

Proceeds from Sales and Calls	$	119,952	$	92,344
Gross Gains on Sales and Calls		1,508		692
Income Taxes on Gross Gains		528		242

Summary of Securities with Unrealized Losses, Presented by Length of Time Securities Have Been in Continuous Unrealized Loss Position

Below is a summary of securities with unrealized losses as of September 30, 2013 and December 31, 2012, 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		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Loss		Value		Loss		Value		Loss
September 30, 2013
U.S. Treasury and Agency Securities	$	19,031	$	(969)	$	—	$	—	$	19,031	$	(969)
Obligations of State and Political Subdivisions		18,166		(555)		—		—		18,166		(555)
Mortgage-backed Securities - Residential		319,113		(10,325)		—		—		319,113		(10,325)
Equity Securities		—		—		—		—		—		—
Total	$	356,310	$	(11,849)	$	—	$	—	$	356,310	$	(11,849)

	Less than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Loss		Value		Loss		Value		Loss
December 31, 2012
U.S. Treasury and Agency Securities	$	19,862	$	(138)	$	—	$	—	$	19,862	$	(138)
Obligations of State and Political Subdivisions		1,042		(12)		—		—		1,042		(12)
Mortgage-backed Securities - Residential		18,323		(45)		—		—		18,323		(45)
Equity Securities		—		—		—		—		—		—
Total	$	39,227	$	(195)	$	—	$	—	$	39,227	$	(195)

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

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- Definition

Tabular disclosure of all investments in certain debt and equity securities for which the entity has the positive intent and ability to hold until maturity.

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