Securities (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Investments [Abstract]

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 March 31, 2014 and December 31, 2013, were as follows:

Securities Available-for-Sale:	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
March 31, 2014
U.S. Treasury and Agency Securities	$	20,000	$	—	$	(871	)	$	19,129
Obligations of State and Political Subdivisions	113,429		3,451		(324		)	116,556
Mortgage-backed Securities - Residential	483,937		3,289		(10,094		)	477,132
Equity Securities	353		—		—			353
Total	$	617,719	$	6,740	$	(11,289	)	$	613,170
December 31, 2013
U.S. Treasury and Agency Securities	$	20,000	$	—	$	(1,048	)	$	18,952
Obligations of State and Political Subdivisions	112,008		2,388		(899		)	113,497
Mortgage-backed Securities - Residential	481,724		3,497		(11,991		)	473,230
Equity Securities	353		—		—			353
Total	$	614,085	$	5,885	$	(13,938	)	$	606,032

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 March 31, 2014 and December 31, 2013, were as follows:

Securities Held-to-Maturity:	Carrying Amount		Gross Unrecognized Gains		Gross Unrecognized Losses		Fair Value
March 31, 2014
Obligations of State and Political Subdivisions	$	184	$	2	$	—	$	186
December 31, 2013
Obligations of State and Political Subdivisions	$	268	$	3	$	—	$	271

Amortized Cost and Fair Value of Securities by Contractual Maturity

The amortized cost and fair value of Securities at March 31, 2014 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.

Securities Available-for-Sale:	Amortized Cost		Fair Value
Due in one year or less	$	3,447	$	3,499
Due after one year through five years	10,882		11,145
Due after five years through ten years	70,604		71,210
Due after ten years	48,496		49,831
Mortgage-backed Securities - Residential	483,937		477,132
Equity Securities	353		353
Total	$	617,719	$	613,170

Securities Held-to-Maturity:	Carrying Amount		Fair Value
Due in one year or less	$	—	$	—
Due after one year through five years	184		186
Due after five years through ten years	—		—
Due after ten years	—		—
Total	$	184	$	186

Proceeds from the sales of Available-for-Sale Securities

Proceeds from the Sales of Securities are summarized below:

	Three Months Ended		Three Months Ended
	March 31, 2014		March 31, 2013
Proceeds from Sales	$	254	$	74,749
Gross Gains on Sales	228		613
Income Taxes on Gross Gains	80		215

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 March 31, 2014 and December 31, 2013, presented by length of time the securities have been in a continuous unrealized loss position:

	Less than 12 Months					12 Months or More					Total
March 31, 2014	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Treasury and Agency Securities	$	19,129	$	(871	)	$	—	$	—		$	19,129	$	(871	)
Obligations of State and Political Subdivisions	15,580		(268		)	700		(56		)	16,280		(324		)
Mortgage-backed Securities - Residential	264,004		(6,501		)	78,365		(3,593		)	342,369		(10,094		)
Equity Securities	—		—			—		—			—		—
Total	$	298,713	$	(7,640	)	$	79,065	$	(3,649	)	$	377,778	$	(11,289	)

	Less than 12 Months					12 Months or More					Total
December 31, 2013	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Treasury and Agency Securities	$	18,952	$	(1,048	)	$	—	$	—		$	18,952	$	(1,048	)
Obligations of State and Political Subdivisions	38,878		(899		)	—		—			38,878		(899		)
Mortgage-backed Securities - Residential	346,028		(11,903		)	1,735		(88		)	347,763		(11,991		)
Equity Securities	—		—			—		—			—		—
Total	$	403,858	$	(13,850	)	$	1,735	$	(88	)	$	405,593	$	(13,938	)