Securities (Tables)

9 Months Ended

Sep. 30, 2016

Cash and Cash Equivalents [Abstract]

Securities Available for Sale

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

	September 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	$	136,945	$	2,958	$	(1	)	$	139,902	$	141,300	$	1,579	$	(1,128	)	$	141,751
State & political subdivisions		153,762		7,643		(195	)		161,210		165,828		6,234		(243	)		171,819
Residential & multi-family mortgage		137,639		1,894		(511	)		139,022		160,316		1,060		(3,394	)		157,982
Corporate notes & bonds		18,299		177		(1,197	)		17,279		19,794		165		(1,271	)		18,688
Pooled trust preferred		800		902		0			1,702		800		2,613		0			3,413
Pooled SBA		45,964		793		(122	)		46,635		51,556		760		(907	)		51,409
Other equity securities		1,020		0		(26	)		994		1,020		0		(39	)		981
Total	$	494,429	$	14,367	$	(2,052	)	$	506,744	$	540,614	$	12,411	$	(6,982	)	$	546,043

Trading Securities

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

	September 30, 2016		December 31, 2015
Corporate equity securities	$	3,148	$	3,389
Mutual funds		965		750
Certificates of deposit		255		253
Corporate notes and bonds		221		130
U.S. Government sponsored entities		55		54
Total	$	4,644	$	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 September 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):

September 30, 2016

	Less than 12 Months					12 Months or More					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
Description of Securities	Value		Loss			Value		Loss			Value		Loss
U.S. Gov’t sponsored entities	$	0	$	0		$	3,001	$	(1	)	$	3,001	$	(1	)
State & political subdivisions		1,669		(2	)		272		(193	)		1,941		(195	)
Residential & multi-family mortgage		10,975		(78	)		40,280		(433	)		51,255		(511	)
Corporate notes & bonds		1,977		(23	)		8,251		(1,174	)		10,228		(1,197	)
Pooled SBA		0		0			22,441		(122	)		22,441		(122	)
Other equity securities		0		0			994		(26	)		994		(26	)
	$	14,621	$	(103	)	$	75,239	$	(1,949	)	$	89,860	$	(2,052	)

December 31, 2015

	Less than 12 Months					12 Months or More					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
Description of Securities	Value		Loss			Value		Loss			Value		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 nine months ended September 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 September 30, 2016	$	0	$	0	$	0
Nine months ended September 30, 2016		4,420		1,005		0
Three months ended September 30, 2015		38,025		244		(171	)
Nine months ended September 30, 2015		86,554		852		(288	)

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 September 30, 2016:

	Amortized		Fair
	Cost		Value
1 year or less	$	41,920	$	41,532
1 year – 5 years		179,919		186,380
5 years – 10 years		70,832		73,920
After 10 years		17,135		18,261
		309,806		320,093
Residential and multi-family mortgage		137,639		139,022
Pooled SBA		45,964		46,635
Total debt securities	$	493,409	$	505,750