Securities (Tables)

9 Months Ended

Sep. 30, 2017

Cash and Cash Equivalents [Abstract]

Securities Available for Sale

Securities available for sale at September 30, 2017 and December 31, 2016 are as follows:

	September 30, 2017									December 31, 2016
	Amortized		Unrealized					Fair		Amortized		Unrealized					Fair
	Cost		Gains		Losses			Value		Cost		Gains		Losses			Value
U.S. Gov’t sponsored entities	$	121,022	$	780	$	(206	)	$	121,596	$	139,823	$	1,107	$	(579	)	$	140,351
State & political subdivisions		138,825		4,911		(266	)		143,470		153,492		4,194		(649	)		157,037
Residential & multi-family mortgage		103,962		485		(1,194	)		103,253		136,807		551		(2,382	)		134,976
Corporate notes & bonds		17,610		85		(426	)		17,269		18,299		77		(962	)		17,414
Pooled trust preferred		0		0		0			0		800		1,249		0			2,049
Pooled SBA		38,417		406		(619	)		38,204		43,450		505		(918	)		43,037
Other equity securities		1,020		0		(51	)		969		1,020		0		(49	)		971
Total	$	420,856	$	6,667	$	(2,762	)	$	424,761	$	493,691	$	7,683	$	(5,539	)	$	495,835

Trading Securities

Trading securities at September 30, 2017 and December 31, 2016 are as follows:

	September 30, 2017		December 31, 2016
Corporate equity securities	$	4,095	$	3,312
Mutual funds		1,371		1,037
Certificates of deposit		205		202
Corporate notes and bonds		257		254
U.S. Government sponsored entities		53		53
Total	$	5,981	$	4,858

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, 2017 and December 31, 2016, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows:

September 30, 2017

	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	$	50,112	$	(204	)	$	3,398	$	(2	)	$	53,510	$	(206	)
State & political subdivisions		3,562		(50	)		1,524		(216	)		5,086		(266	)
Residential & multi-family mortgage		33,692		(259	)		44,212		(935	)		77,904		(1,194	)
Corporate notes & bonds		0		(0	)		9,068		(426	)		9,068		(426	)
Pooled SBA		4,671		(67	)		18,780		(552	)		23,451		(619	)
Other equity securities		0		(0	)		969		(51	)		969		(51	)
	$	92,037	$	(580	)	$	77,951	$	(2,182	)	$	169,988	$	(2,762	)

December 31, 2016

	Less than 12 Months					12 Months or More					Total
	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Gov’t sponsored entities	$	90,380	$	(579	)	$	0	$	(0	)	$	90,380	$	(579	)
State & political subdivisions		32,353		(448	)		264		(201	)		32,617		(649	)
Residential and multi-family mortgage		65,598		(1,255	)		34,611		(1,127	)		100,209		(2,382	)
Corporate notes & bonds		2,089		(11	)		8,476		(951	)		10,565		(962	)
Pooled SBA		6,481		(126	)		20,560		(792	)		27,041		(918	)
Other equity securities		0		(0	)		971		(49	)		971		(49	)
	$	196,901	$	(2,419	)	$	64,882	$	(3,120	)	$	261,783	$	(5,539	)

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, 2017 and 2016 is as follows:

	Three months ended September 30,				Nine months ended September 30,
	2017		2016		2017			2016
Balance of credit losses on debt securities for which a portion of other-than-temporary impairment was recognized in earnings, beginning of period	$	0	$	2,071	$	2,071		$	4,054
Credit losses previously recognized on securities sold during the period		0		0		(2,071	)		(1,983	)
Additional credit loss for which other-than-temporary impairment was not previously recognized		0		0		0			0
Additional credit loss for which other-than-temporary impairment was previously recognized		0		0		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	$	0	$	2,071	$	0		$	2,071

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, 2017	$	7,757	$	76	($	71	)
Three months ended September 30, 2016	$	0	$	0	$	0
Nine months ended September 30, 2017	$	15,374	$	1,614	($	71	)
Nine months ended September 30, 2016	$	4,420	$	1,005	$	0

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, 2017:

	Amortized		Fair
	Cost		Value
1 year or less	$	49,501	$	49,346
1 year – 5 years		164,006		167,361
5 years – 10 years		57,416		59,157
After 10 years		6,534		6,471
		277,457		282,335
Residential and multi-family mortgage		103,962		103,253
Pooled SBA		38,417		38,204
Total debt securities	$	419,836	$	423,792