Securities (Tables)

3 Months Ended

Mar. 31, 2013

Securities [Abstract]

Securities available for sale

Securities available for sale at March 31, 2013 and December 31, 2012 are as follows:

	March 31, 2013									December 31, 2012
	Amortized Cost		Unrealized					Fair Value		Amortized		Unrealized					Fair Value
			Gains		Losses					Cost		Gains		Losses
U.S. Treasury	$	2,013	$	12	$	0		$	2,025	$	4,018	$	18	$	0		$	4,036
U.S. Gov’t sponsored entities		187,548		5,615		(393	)		192,770		157,965		5,977		(161	)		163,781
State & political subdivisions		174,115		10,198		(159	)		184,154		170,223		11,113		(57	)		181,279
Residential & multi-family mortgage		289,153		7,932		(780	)		296,305		308,800		8,724		(702	)		316,822
Commercial mortgage		1,267		0		(3	)		1,264		1,275		29		0			1,304
Corporate notes & bonds		17,371		93		(2,128	)		15,336		17,368		26		(2,370	)		15,024
Pooled trust preferred		800		0		(242	)		558		800		0		(200	)		600
Pooled SBA		65,069		2,071		(139	)		67,001		50,667		2,277		(17	)		52,927
Other securities		1,521		11		0			1,532		1,521		17		0			1,538
Total	$	738,857	$	25,932	$	(3,844	)	$	760,945	$	712,637	$	28,181	$	(3,507	)	$	737,311

Trading securities

Trading securities at March 31, 2013 and December 31, 2012 are as follows:

	March 31, 2013		December 31, 2012
Corporate equity securities	$	3,760	$	3,117
Certificates of deposit		358		408
International mutual funds		261		287
Large cap growth mutual funds		158		157
Money market mutual funds		79		110
Large cap value mutual funds		106		104
Corporate notes and bonds		101		101
Real estate investment trust mutual funds		68		65
U.S. Government sponsored entities		57		58
Small cap mutual funds		59		26
Mid cap mutual funds		59		26
Total	$	5,066	$	4,459

Securities with unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position

Securities with unrealized losses at March 31, 2013 and December 31, 2012, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows (in thousands):

March 31, 2013

	Less than 12 Months					12 Months or More					Total
	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Treasury	$	0	$	0		$	0	$	0		$	0	$	0
U.S. Gov’t sponsored entities		60,309		(393	)		0		0			60,309		(393	)
State & political subdivisions		16,547		(155	)		482		(4	)		17,029		(159	)
Residential & multi-family mortgage		43,505		(774	)		878		(6	)		44,383		(780	)
Commercial mortgage		1,264		(3	)		0		0			1,264		(3	)
Corporate notes & bonds		0		0			11,236		(2,128	)		11,236		(2,128	)
Pooled trust preferred		0		0			558		(242	)		558		(242	)
Pooled SBA		9,501		(139	)		0		0			9,501		(139	)
Other securities		0		0			0		0			0		0
	$	131,126	$	(1,464	)	$	13,154	$	(2,380	)	$	144,280	$	(3,844	)

December 31, 2012

	Less than 12 Months					12 Months or More					Total
	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Treasury	$	0	$	0		$	0	$	0		$	0	$	0
U.S. Gov’t sponsored entities		41,715		(161	)		0		0			41,715		(161	)
State & political subdivisions		7,857		(57	)		0		0			7,857		(57	)
Residential & multi-family mortgage		32,159		(688	)		4,254		(14	)		36,413		(702	)
Commercial mortgage		0		0			0		0			0		0
Corporate notes & bonds		0		0			13,002		(2,370	)		13,002		(2,370	)
Pooled trust preferred		0		0			600		(200	)		600		(200	)
Pooled SBA		3,521		(17	)		0		0			3,521		(17	)
Other securities		0		0			0		0			0		0
	$	85,252	$	(923	)	$	17,856	$	(2,584	)	$	103,108	$	(3,507	)

A roll-forward of the other-than-temporary impairment amount related to credit losses

A roll-forward of the other-than-temporary impairment amount related to credit losses for the three months ended March 31, 2013 and 2012 is as follows:

Balance of credit losses on debt securities for which a portion of other-than-temporary impairment was recognized in earnings, beginning of period	$	4,054
Additional credit loss for which other-than-temporary impairment was not previously recognized		0
Additional credit loss for which other-than-temporary impairment was previously recognized		0
Balance of credit losses on debt securities for which a portion of other-than-temporary impairment was recognized in earnings, end of period	$	4,054

Information pertaining to security sales

Information pertaining to security sales is as follows:

	Proceeds		Gross Gains		Gross Losses
Three months ended March 31, 2013	$	1,324	$	76	$	0
Three months ended March 31, 2012		42,149		636		(72	)

Schedule of the contractual maturity of securities available for sale, excluding equity securities

The following is a schedule of the contractual maturity of securities available for sale, excluding equity securities, at March 31, 2013:

	Amortized
	Cost		Fair Value
1 year or less	$	35,468	$	35,749
1 year – 5 years		121,517		124,627
5 years – 10 years		176,162		185,331
After 10 years		48,700		49,136
		381,847		394,843
Residential and multi-family mortgage		289,153		296,305
Pooled SBA		65,069		67,001
Commercial mortgage		1,267		1,264
Total debt securities	$	737,336	$	759,413