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SECURITIES: (Tables)
12 Months Ended
Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]  
Amortized cost and fair value of investments classified as available-for-sale
The fair value of securities available-for-sale and related gross unrealized gains and losses recognized in accumulated other comprehensive income were as follows:
 
 
December 31, 2015
 
 
Amortized
 
Unrealized
 
 
(Dollar amounts in thousands)
 
Cost
 
Gains
 
Losses
 
Fair Value
U.S. Government entity mortgage-backed securities
 
$
10,670

 
$
46

 
$
(23
)
 
$
10,693

Mortgage-backed securities, residential
 
208,705

 
5,089

 
(630
)
 
213,164

Mortgage-backed securities, commercial
 
9

 

 

 
9

Collateralized mortgage obligations
 
441,500

 
2,141

 
(6,007
)
 
437,634

State and municipal obligations
 
206,291

 
8,475

 
(59
)
 
214,707

Collateralized debt obligations
 
9,621

 
5,254

 

 
14,875

TOTAL
 
$
876,796

 
$
21,005

 
$
(6,719
)
 
$
891,082

 
 
December 31, 2014
 
 
Amortized
 
Unrealized
 
 
(Dollar amounts in thousands)
 
Cost
 
Gains
 
Losses
 
Fair Value
U.S. Government entity mortgage-backed securities
 
$
1,411

 
$
56

 
$

 
$
1,467

Mortgage-backed securities, residential
 
180,673

 
7,593

 
(330
)
 
187,936

Mortgage-backed securities, commercial
 
17

 

 

 
17

Collateralized mortgage obligations
 
489,765

 
2,513

 
(7,623
)
 
484,655

State and municipal obligations
 
198,875

 
9,019

 
(219
)
 
207,675

Collateralized debt obligations
 
10,205

 
5,115

 
(17
)
 
15,303

TOTAL
 
$
880,946

 
$
24,296

 
$
(8,189
)
 
$
897,053

Schedule Of Gross Gain Or Loss realised
Below is a summary of the gross gains and losses realized by the Corporation on investment sales and calls during the years ended December 31, 2015, 2014 and 2013, respectively.
 
(Dollar amounts in thousands)
 
2015
 
2014
 
2013
Proceeds
 
$
3,735

 
$
356

 
$
5,110

Gross gains
 
23

 
2

 
428

Gross losses
 
(6
)
 
(5
)
 
(5
)
Schedule of contractual maturities of debt securities
Contractual maturities of debt securities at year-end 2015 were as follows. Securities not due at a single maturity or with no maturity date, primarily mortgage-backed and collateralized mortgage obligations, are shown separately.
 
 
Available-for-Sale
 
 
Amortized
 
Fair
(Dollar amounts in thousands)
 
Cost
 
Value
Due in one year or less
 
$
4,531

 
$
4,649

Due after one but within five years
 
56,200

 
57,884

Due after five but within ten years
 
94,236

 
98,926

Due after ten years
 
71,615

 
78,816

 
 
226,582

 
240,275

Mortgage-backed securities and collateralized mortgage obligations
 
650,214

 
650,807

TOTAL
 
$
876,796

 
$
891,082

Schedule of gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in continuous unrealized loss position
The following tables show the securities' gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in continuous unrealized loss position, at December 31, 2015 and 2014.
 
 
December 31, 2015
 
 
Less Than 12 Months
 
More Than 12 Months
 
Total
 
 
 
 
Unrealized
 
 
 
Unrealized
 
 
 
Unrealized
(Dollar amounts in thousands)
 
Fair Value
 
Losses
 
Fair Value
 
Losses
 
Fair Value
 
Losses
U.S. Government entity mortgage-backed securities
 
$
9,455

 
$
(23
)
 

 

 
$
9,455

 
$
(23
)
Mortgage-backed securities, residential
 
69,940

 
(428
)
 
11,766

 
(202
)
 
81,706

 
(630
)
Collateralized mortgage obligations
 
151,484

 
(1,535
)
 
139,435

 
(4,472
)
 
290,919

 
(6,007
)
State and municipal obligations
 
3,547

 
(16
)
 
3,045

 
(43
)
 
6,592

 
(59
)
Total temporarily impaired securities
 
$
234,426

 
$
(2,002
)
 
$
154,246

 
$
(4,717
)
 
$
388,672

 
$
(6,719
)
 
 
 
December 31, 2014
 
 
Less Than 12 Months
 
More Than 12 Months
 
Total
 
 
 
 
Unrealized
 
 
 
Unrealized
 
 
 
Unrealized
(Dollar amounts in thousands)
 
Fair Value
 
Losses
 
Fair Value
 
Losses
 
Fair Value
 
Losses
Mortgage-backed securities, residential
 
$

 
$

 
$
23,849

 
$
(330
)
 
$
23,849

 
$
(330
)
Collateralized mortgage obligations
 
50,832

 
(128
)
 
264,940

 
(7,495
)
 
315,772

 
(7,623
)
State and municipal obligations
 
6,500

 
(35
)
 
10,547

 
(184
)
 
17,047

 
(219
)
Collateralized debt obligations
 

 

 
200

 
(17
)
 
200

 
(17
)
Total temporarily impaired securities
 
$
57,332

 
$
(163
)
 
$
299,536

 
$
(8,026
)
 
$
356,868

 
$
(8,189
)
Rollforward of the credit losses recognized in earnings
The table below presents a rollforward of the credit losses recognized in earnings for the years presented:
 
(Dollar amounts in thousands)
 
2015
 
2014
 
2013
Beginning balance, January 1,
 
$
14,050

 
$
14,079

 
$
14,983

Amounts related to credit loss for which other-than-
 
 

 
 

 
 

temporary impairment was not previously recognized
 


 


 


Amounts realized for securities sold during the period
 


 


 


Reductions for increase in cash flows expected to be collected
 
 

 
 

 
 

that are recognized over the remaining life of the security
 
(55
)
 
(29
)
 
(904
)
Increases to the amount related to the credit loss for which other-
 
 

 
 

 
 

than-temporary impairment was previously recognized
 

 

 

Ending balance, December 31,
 
$
13,995

 
$
14,050

 
$
14,079