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Securities Available-for-Sale (Tables)
12 Months Ended
Dec. 31, 2013
Investments Debt And Equity Securities [Abstract]  
Composition of Securities Available-for-Sale

The following tables present the amortized cost and fair value of available-for-sale securities as of the dates presented:

 

    December 31, 2013     December 31, 2012  
(dollars in thousands)  

Amortized

Cost

   

Gross

Unrealized

Gains

   

Gross

Unrealized

Losses

    Fair Value    

Amortized

Cost

   

Gross

Unrealized

Gains

   

Gross

Unrealized

Losses

    Fair Value  

Obligations of U.S. government corporations and agencies

  $ 235,181      $ 2,151      $ (2,581   $ 234,751      $ 207,229      $ 4,890      $ (53   $ 212,066   

Collateralized mortgage obligations of U.S. government corporations and agencies

    63,776        601        (603     63,774        56,085        1,811              57,896   

Residential mortgage-backed securities of U.S. government corporations and agencies

    47,934        1,420        (685     48,669        47,279        3,344              50,623   

Commercial mortgage-backed securities of U.S. government corporations and agencies

    40,357              (1,305     39,052        10,129        29              10,158   

Obligations of states and political subdivisions

    115,572        1,294        (2,602     114,264        107,911        4,908        (52     112,767   

Debt Securities

    502,820        5,466        (7,776     500,510        428,633        14,982        (105     443,510   

Marketable equity securities

    7,579        1,336               8,915        7,672        1,095        (11     8,756   

Total

  $ 510,399      $ 6,802      $ (7,776   $ 509,425      $ 436,305      $ 16,077      $ (116   $ 452,266   
Schedule of Gross and Net Realized Gains and Losses on Sale of Securities

The following table shows the composition of gross and net realized gains and losses for the periods presented:

 

     Years Ended December 31,  
(dollars in thousands)            2013              2012  

Gross realized gains

   $ 5       $ 3,027   

Gross realized losses

             11   

Net Realized Gains

   $ 5       $ 3,016  
Fair Value and Age of Gross Unrealized Losses by Investment Category

The following tables present the fair value and the age of gross unrealized losses by investment category as of the dates presented:

 

    December 31, 2013  
    Less Than 12 Months     12 Months or More     Total  
(dollars in thousands)   Number
of
Securities
    Fair Value     Unrealized
Losses
    Number
of
Securities
    Fair Value     Unrealized
Losses
    Fair Value     Unrealized
Losses
 

Obligations of U.S. government corporations and agencies

    16      $ 126,017     $ (2,581          $      $     $ 126,017     $ (2,581

Collateralized mortgage obligations of U.S. government corporations and agencies

    3        39,522       (603                        39,522       (603

Residential mortgage-backed securities of U.S. government corporations and agencies

    2        22,822       (685                        22,822       (685

Commercial mortgage-backed securities of U.S. government corporations and agencies

    4        39,052       (1,305                        39,052       (1,305

Obligations of states and political subdivisions

    16        47,529        (1,739     2        10,088        (863     57,617       (2,602

Debt Securities

    41        274,942        (6,913     2        10,088        (863     285,030       (7,776

Marketable equity securities

                                                    

Total Temporarily Impaired Securities

    41      $ 274,942      $ (6,913     2      $ 10,088     $ (863 )   $ 285,030     $ (7,776

 

    December 31, 2012  
    Less Than 12 Months     12 Months or More     Total  
(dollars in thousands)   Number
of
Securities
    Fair Value     Unrealized
Losses
    Number
of
Securities
    Fair Value     Unrealized
Losses
    Fair Value     Unrealized
Losses
 

Obligations of U.S. government corporations and agencies

    2      $ 11,370     $ (53          $     $     $ 11,370     $ (53

Collateralized mortgage obligations of U.S. government corporations and agencies

                                                 

Residential mortgage-backed securities of U.S. government corporations and agencies

                                                 

Commercial mortgage-backed securities of U.S. government corporations and agencies

                                                 

Obligations of states and political subdivisions

    3        11,285       (52                        11,285       (52

Debt Securities

    5        22,655       (105                        22,655       (105

Marketable equity securities

           228       (11                        228       (11

Total Temporarily Impaired Securities

    5      $ 22,883     $ (116          $     $     $ 22,883     $ (116 )
Amortized Cost and Fair Value of Available-for-Sale Securities

The amortized cost and fair value of securities available-for-sale at December 31, 2013, by contractual maturity, are included in the table below. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.

 

     December 31, 2013  
(dollars in thousands)    Amortized
Cost
     Fair Value  

Due in one year or less

   $ 27,761       $ 27,905   

Due after one year through five years

     167,914         168,872   

Due after five years through ten years

     69,364         68,024   

Due after ten years

     85,714         84,214   
     350,753         349,015   

Collateralized mortgage obligations of U.S. government corporations and agencies

     63,776         63,774   

Residential mortgage-backed securities of U.S. government corporations and agencies

     47,934         48,669   

Commercial mortgage-backed securities of U.S. government corporations and agencies

     40,357         39,052   

Debt Securities

     502,820         500,510   

Marketable equity securities

     7,579         8,915   

Total

   $ 510,399       $ 509,425