Securities (Tables)

6 Months Ended

Jun. 30, 2016

Cash and Cash Equivalents [Abstract]

Securities Available for Sale

Securities available for sale at June 30, 2016 and December 31, 2015 are as follows:

			June 30, 2016									December 31, 2015
	Amortized		Unrealized					Fair		Amortized		Unrealized					Fair
	Cost		Gains		Losses			Value		Cost		Gains		Losses			Value
U.S. Gov’t sponsored entities	$	139,061	$	2,732	$	(4	)	$	141,789	$	141,300	$	1,579	$	(1,128	)	$	141,751
State & political subdivisions		156,731		8,108		(194	)		164,645		165,828		6,234		(243	)		171,819
Residential & multi-family mortgage		145,782		1,792		(716	)		146,858		160,316		1,060		(3,394	)		157,982
Corporate notes & bonds		18,188		199		(1,463	)		16,924		19,794		165		(1,271	)		18,688
Pooled trust preferred		800		902		0			1,702		800		2,613		0			3,413
Pooled SBA		47,394		872		(179	)		48,087		51,556		760		(907	)		51,409
Other equity securities		1,020		0		(24	)		996		1,020		0		(39	)		981
Total	$	508,976	$	14,605	$	(2,580	)	$	521,001	$	540,614	$	12,411	$	(6,982	)	$	546,043

Trading Securities

Trading securities at June 30, 2016 and December 31, 2015 are as follows:

	June 30, 2016		December 31, 2015
Corporate equity securities	$	3,037	$	3,389
Mutual funds		888		750
Certificates of deposit		255		253
Corporate notes and bonds		202		130
U.S. Government sponsored entities		56		54
Total	$	4,438	$	4,576

Securities with Unrealized Losses Aggregated by Investment Category and Length of Time that Individual Securities have been in Continuous Unrealized Loss Position

Securities with unrealized losses at June 30, 2016 and December 31, 2015, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows (in thousands):

June 30, 2016

	Less than 12 Months					12 Months or More					Total
Description of Securities	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Gov’t sponsored entities	$	0	$	0		$	6,398	$	(4	)	$	6,398	$	(4	)
State & political subdivisions		271		(194	)		0		0			271		(194	)
Residential & multi-family mortgage		7,907		(81	)		58,084		(635	)		65,991		(716	)
Corporate notes & bonds		0		0			7,940		(1,463	)		7,940		(1,463	)
Pooled SBA		0		0			25,840		(179	)		25,840		(179	)
Other equity securities		0		0			996		(24	)		996		(24	)
	$	8,178	$	(275	)	$	99,258	$	(2,305	)	$	107,436	$	(2,580	)

December 31, 2015

	Less than 12 Months					12 Months or More					Total
Description of Securities	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Gov’t sponsored entities	$	65,675	$	(640	)	$	31,923	$	(488	)	$	97,598	$	(1,128	)
State & political subdivisions		9,103		(234	)		2,478		(9	)		11,581		(243	)
Residential & multi-family mortgage		69,631		(1,562	)		50,351		(1,832	)		119,982		(3,394	)
Corporate notes & bonds		5,027		(2	)		8,144		(1,269	)		13,171		(1,271	)
Pooled SBA		2,908		(28	)		27,127		(879	)		30,035		(907	)
Other equity securities		0		0			981		(39	)		981		(39	)
	$	152,344	$	(2,466	)	$	121,004	$	(4,516	)	$	273,348	$	(6,982	)

Roll-Forward of 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 and six months ended June 30, 2016 and 2015 is as follows:

	2016			2015
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		$	4,054
Credit losses previously recognized on securities sold during the period		(1,983	)		0
Additional credit loss for which other-than-temporary impairment was not previously recognized		0			0
Additional credit loss for which other-than-temporary impairment was previously recognized		0			0
Balance of credit losses on debt securities for which a portion of other-than-temporary impairment was recognized in earnings, end of period	$	2,071		$	4,054

Information Pertaining to Security Sales

Information pertaining to security sales on available for sale securities is as follows:

	Proceeds		Gross Gains		Gross Losses
Three months ended June 30, 2016	$	4,420	$	1,005	$	0
Six months ended June 30, 2016		4,420		1,005		0
Three months ended June 30, 2015		15,580		472		0
Six months ended June 30, 2015		48,529		608		(117	)

Schedule of 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 June 30, 2016:

	Amortized		Fair
	Cost		Value
1 year or less	$	34,631	$	34,518
1 year – 5 years		185,702		192,456
5 years – 10 years		73,600		76,503
After 10 years		20,847		21,583
		314,780		325,060
Residential and multi-family mortgage		145,782		146,858
Pooled SBA		47,394		48,087
Total debt securities	$	507,956	$	520,005