Securities Available-for-Sale (Tables)

6 Months Ended

Jun. 30, 2016

Text Block [Abstract]

Summary of Securities Available-for-Sale

	June 30, 2016								December 31, 2015
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
							(in thousands)
U.S. Treasury	$	1,999	$	1	$	—	$	2,000	$	1,999	$	—	$	10	$	1,989
U.S. Government Sponsored Enterprises		15,000		24		—		15,024		—		—		—		—
SBA Backed Securities		45,698		31		24		45,705		5,983		8		2		5,989
U.S. Government Agency and Sponsored Enterprise Mortgage-Backed Securities		280,931		434		488		280,877		232,967		859		300		233,526
Privately Issued Residential Mortgage-Backed Securities		1,301		2		17		1,286		1,437		10		13		1,434
Obligations Issued by States and Political Subdivisions		213,241		—		403		212,838		157,838		—		878		156,960
Other Debt Securities		5,100		—		158		4,942		4,600		3		130		4,473
Equity Securities		116		145		—		261		153		99		—		252
Total	$	563,386	$	637	$	1,090	$	562,933	$	404,977	$	979	$	1,333	$	404,623

Maturity Distribution of Securities Available-for-Sale

The following table shows the maturity distribution of the Company’s securities available-for-sale at June 30, 2016.

	Amortized Cost		Fair Value
	(in thousands)
Within one year	$	217,903	$	217,912
After one but within five years		232,419		232,311
After five but within ten years		105,748		105,767
More than 10 years		5,700		5,292
Non-maturing		1,616		1,651
Total	$	563,386	$	562,933

Continuous Unrealized Loss Position for Less than 12 Months and 12 Months or Longer

The following table shows the temporarily impaired securities of the Company’s available-for-sale portfolio at June 30, 2016. This table shows the unrealized market loss of securities that have been in a continuous unrealized loss position for less than 12 months and a continuous loss position for 12 months or longer. There are 37 and 10 securities that are temporarily impaired for less than 12 months and for 12 months or longer, respectively, out of a total of 327 holdings at June 30, 2016.

	June 30, 2016
	Less than 12 months				12 months or longer				Total
Temporarily Impaired Investments	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(in thousands)
U.S. Treasury	$	—	$	—	$	—	$	—	$	—	$	—
SBA Backed Securities		10,959		24		—		—		10,959		24
U.S. Government Agency and Sponsored Enterprise Mortgage-Backed Securities		127,281		372		27,894		116		155,175		488
Privately Issued Residential Mortgage-Backed Securities		415		2		467		15		882		17
Obligations Issued by States and Political Subdivisions		—		—		4,298		403		4,298		403
Other Debt Securities		1,553		47		1,789		111		3,342		158
Total temporarily impaired securities	$	140,208	$	445	$	34,448	$	645	$	174,656	$	1,090

The following table shows the temporarily impaired securities of the Company’s available-for-sale portfolio at December 31, 2015. This table shows the unrealized market loss of securities that have been in a continuous unrealized loss position for less than 12 months and a continuous loss position for 12 months or longer. There are 14 and 11 securities that are temporarily impaired for less than 12 months and for 12 months or longer, respectively, out of a total of 290 holdings at December 31, 2015.

	December 31, 2015
	Less than 12 months				12 months or longer				Total
Temporarily Impaired Investments	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(in thousands)
U.S. Treasury	$	1,989	$	10	$	—	$	—	$	1,989	$	10
SBA Backed Securities		1,031		2		—		—		1,031		2
U.S. Government Agency and Sponsored Enterprise Mortgage-Backed Securities		26,519		52		49,341		248		75,860		300
Privately Issued Residential Mortgage-Backed Securities		—		—		490		13		490		13
Obligations Issued by States and Political Subdivisions		—		—		3,820		878		3,820		878
Other Debt Securities		497		3		1,373		127		1,870		130
Total temporarily impaired securities	$	30,036	$	67	$	55,024	$	1,266	$	85,060	$	1,333