SECURITIES (Tables)

9 Months Ended

Sep. 30, 2013

Investments, Debt and Equity Securities [Abstract]

Marketable Securities [Table Text Block]

The amortized cost basis and fair values of securities are as follows:

			Gross		Gross
(Dollars in thousands)	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
Securities available-for-sale:
September 30, 2013:
Government-sponsored     mortgage-backed residential	$	119,475	$	35	$	(4,960)	$	114,550
Government-sponsored     collateralized mortgage obligations		78,732		300		(1,290)		77,742
Asset backed-collateralized loan obligations		33,102		-		(446)		32,656
State and municipal		12,257		423		(14)		12,666
Corporate bonds		52,794		222		(447)		52,569
Total	$	296,360	$	980	$	(7,157)	$	290,183
December 31, 2012:
U.S. Treasury and agencies	$	8,284	$	7	$	(13)	$	8,278
Government-sponsored     mortgage-backed residential		144,617		774		(502)		144,889
Government-sponsored     collateralized mortgage obligations		148,460		2,033		(346)		150,147
Private asset backed		4,981		151		-		5,132
State and municipal		11,394		1,324		-		12,718
Corporate bonds		32,567		433		(33)		32,967
Total	$	350,303	$	4,722	$	(894)	$	354,131

Investments Classified by Contractual Maturity Date [Table Text Block]

The amortized cost and fair value of securities at September 30, 2013, by contractual maturity, are shown below. Securities not due at a single maturity date, primarily mortgage-backed securities, are shown separately.

	Available for Sale
	Amortized		Fair
(Dollars in thousands)	Cost		Value
Due in one year or less	$	3,064	$	3,068
Due after one year through five years		49,485		49,406
Due after five years through ten years		4,751		4,624
Due after ten years		7,751		8,137
Investment securities with no single     maturity date:
Government-sponsored mortgage-backed     residential		119,475		114,550
Government-sponsored collateralized     mortgage obligations		78,732		77,742
Asset backed-collateralized loan     obligations		33,102		32,656
	$	296,360	$	290,183

Schedule of Realized Gain (Loss) [Table Text Block]

The following schedule shows the proceeds from sales of available-for-sale securities and the gross realized gains and losses on those sales:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
(Dollars in thousands)
Proceeds from sales	$	24,295	$	127,569	$	125,351	$	214,830
Gross realized gains		235		2,054		1,078		3,363
Gross realized losses		223		350		839		653

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]

Securities with unrealized losses at September 30, 2013 and December 31, 2012 aggregated by major security type and length of time in a continuous unrealized loss position are as follows:

September 30, 2013	Less than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Description of Securities	Value		Loss		Value		Loss		Value		Loss
Government-sponsored     mortgage-backed residential	$	103,205	$	(4,608)	$	8,658	$	(352)	$	111,863	$	(4,960)
Government-sponsored collateralized     mortgage obligations		40,463		(1,013)		6,739		(277)		47,202		(1,290)
Asset backed-collateralized loan obligations		32,656		(446)		-		-		32,656		(446)
State and municipal		3,614		(14)		-		-		3,614		(14)
Corporate bonds		24,769		(447)		-		-		24,769		(447)
Total temporarily impaired	$	204,707	$	(6,528)	$	15,397	$	(629)	$	220,104	$	(7,157)

December 31, 2012	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. Treasury and agencies	$	3,255	$	(13)	$	-	$	-	$	3,255	$	(13)
Government-sponsored     mortgage-backed residential		82,137		(502)		-		-		82,137		(502)
Government-sponsored collateralized     mortgage obligations		33,275		(346)		-		-		33,275		(346)
Corporate bonds		5,731		(33)		-		-		5,731		(33)
Total temporarily impaired	$	124,398	$	(894)	$	-	$	-	$	124,398	$	(894)

Schedule of Roll-forward of Credit Losses Recognized in Earnings [Table Text Block]

The table below presents a roll-forward of the credit losses recognized in earnings. During 2012, all of our trust preferred securities were either called or sold which represented the remaining balance in the OTTI roll-forward.

(Dollars in thousands)	Three Months Ended		Nine Months Ended
	September 30,		September 30,
		2012		2012
Beginning balance	$	2,104	$	2,078
Increases to the amount related to the credit loss for which     other-than-temporary impairment was previously recognized		-		26
Sales/call of securities		(628)		(628)
Ending balance	$	1,476	$	1,476