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Securities (Tables)
6 Months Ended
Jun. 30, 2016
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 June 30, 2016 and December 31, 2015, were as follows:
Securities Available-for-Sale: 
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
 Fair
Value
 
 
 

 
 

 
 

 
 

June 30, 2016
 
 

 
 

 
 

 
 

U.S. Treasury and Agency Securities
 
$
10,000

 
$
54

 
$

 
$
10,054

Obligations of State and Political Subdivisions
 
231,306

 
12,908

 
(6
)
 
244,208

Mortgage-backed Securities - Residential
 
460,841

 
5,221

 
(761
)
 
465,301

Equity Securities
 
353

 

 

 
353

Total
 
$
702,500

 
$
18,183

 
$
(767
)
 
$
719,916

 
 
 
 
 
 
 
 
 
December 31, 2015
 
 

 
 

 
 

 
 

U.S. Treasury and Agency Securities
 
$
10,000

 
$

 
$
(102
)
 
$
9,898

Obligations of State and Political Subdivisions
 
195,360

 
8,286

 
(18
)
 
203,628

Mortgage-backed Securities - Residential
 
426,087

 
2,114

 
(4,240
)
 
423,961

Equity Securities
 
353

 

 

 
353

Total
 
$
631,800

 
$
10,400

 
$
(4,360
)
 
$
637,840

Schedule of Securities Held-to-Maturity
The carrying amount, unrecognized gains and losses and fair value of Securities Held-to-Maturity at June 30, 2016 and December 31, 2015, were as follows:
Securities Held-to-Maturity:
 
Carrying
Amount
 
Gross
Unrecognized
Gains
 
Gross
Unrecognized
Losses
 
Fair
Value
 
 
 

 
 

 
 

 
 

June 30, 2016
 
 

 
 

 
 

 
 

Obligations of State and Political Subdivisions
 
$

 
$

 
$

 
$

 
 
 
 
 
 
 
 
 
December 31, 2015
 
 

 
 

 
 

 
 

Obligations of State and Political Subdivisions
 
$
95

 
$

 
$

 
$
95

Schedule of Securities by Contractual Maturity
The amortized cost and fair value of securities at June 30, 2016 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 in the table below.
Securities Available-for-Sale:
 
Amortized
Cost
 
Fair
Value
 
 
 
 
 
Due in one year or less
 
$
3,819

 
$
3,856

Due after one year through five years
 
24,833

 
25,488

Due after five years through ten years
 
72,505

 
76,992

Due after ten years
 
140,149

 
147,926

Mortgage-backed Securities - Residential
 
460,841

 
465,301

Equity Securities
 
353

 
353

Total
 
$
702,500

 
$
719,916

 
Schedule of Proceeds from the Sales of Securities
Proceeds from the Sales of Securities are summarized below:
 
 
Three Months Ended
 
Three Months Ended
 
 
June 30, 2016
 
June 30, 2015
 
 
 
 
 
Proceeds from Sales
 
$
42,364

 
$
9,191

Gross Gains on Sales
 
968

 
262

Income Taxes on Gross Gains
 
339

 
92

 
 
Six Months Ended
 
Six Months Ended
 
 
June 30, 2016
 
June 30, 2015
 
 
 
 
 
Proceeds from Sales
 
$
105,339

 
$
18,999

Gross Gains on Sales
 
968

 
725

Income Taxes on Gross Gains
 
339

 
254

Schedule of Securities with Unrealized Losses
Below is a summary of securities with unrealized losses as of June 30, 2016 and December 31, 2015, presented by length of time the securities have been in a continuous unrealized loss position:
 
 
Less than 12 Months
 
12 Months or More
 
Total
June 30, 2016
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury and Agency Securities
 
$

 
$

 
$

 
$

 
$

 
$

Obligations of State and Political Subdivisions
 
1,920

 
(6
)
 

 

 
1,920

 
(6
)
Mortgage-backed Securities - Residential
 
29,658

 
(50
)
 
61,284

 
(711
)
 
90,942

 
(761
)
Equity Securities
 

 

 

 

 

 

Total
 
$
31,578

 
$
(56
)
 
$
61,284

 
$
(711
)
 
$
92,862

 
$
(767
)

 
 
Less than 12 Months
 
12 Months or More
 
Total
December 31, 2015
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury and Agency Securities
 
$

 
$

 
$
9,898

 
$
(102
)
 
$
9,898

 
$
(102
)
Obligations of State and Political Subdivisions
 
1,891

 
(15
)
 
356

 
(3
)
 
2,247

 
(18
)
Mortgage-backed Securities - Residential
 
150,427

 
(1,173
)
 
129,040

 
(3,067
)
 
279,467

 
(4,240
)
Equity Securities
 

 

 

 

 

 

Total
 
$
152,318

 
$
(1,188
)
 
$
139,294

 
$
(3,172
)
 
$
291,612

 
$
(4,360
)