Debt and Equity Securities (Tables)

3 Months Ended

Mar. 31, 2014

Investments Debt And Equity Securities [Abstract]

Summary of Debt and Equity Securities

Debt and equity securities have been classified in the consolidated balance sheet according to management’s intent. Debt and equity securities at March 31, 2014 and December 31, 2013 are summarized as follows:

	March 31, 2014
	Securities Available-For-Sale
	In Thousands
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Market Value
U.S. Government-sponsored enterprises (GSEs)* and agency-backed securities	$	154,909	$	18	$	4,203	$	150,724
Mortgage-backed:
GSE residential		194,011		729		1,346		193,394
Obligations of states and political subdivisions		13,694		88		328		13,454
	$	362,614	$	835	$	5,877	$	357,572

	March 31, 2014
	Securities Held-To-Maturity
	In Thousands
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Market Value
Mortgage-backed:
Government-sponsored enterprises (GSEs)* residential	$	8,603	$	82	$	431	$	8,254
Obligations of states and political subdivisions		20,680		425		200		20,905
	$	29,283	$	507	$	631	$	29,159

	December 31, 2013
	Securities Available-For-Sale
	In Thousands
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Market Value
U.S. Government-sponsored enterprises (GSEs)* and agency-backed securities	$	146,769	$	10	$	5,961	$	140,818
Mortgage-backed:
GSE residential		175,855		808		1,481		175,182
Obligations of states and political subdivisions		13,711		71		409		13,373
	$	336,335	$	889	$	7,851	$	329,373

	December 31, 2013
	Securities Held-To-Maturity
	In Thousands
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Market Value
Mortgage-backed:
Government-sponsored enterprises (GSEs)* residential	$	8,649	$	73	$	520	$	8,202
Obligations of states and political subdivisions		18,174		424		239		18,359
	$	26,823	$	497	$	759	$	26,561

* Such as Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Federal Home Loan Banks, Federal Farm Credit Banks, Government National Mortgage Association and Small Business Administration.

Maturity of Amortized Cost and Estimated Market Value of Debt Securities

The amortized cost and estimated market value of debt securities at March 31, 2014, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

	Held-to-Maturity				Available-for-sale
	In Thousands
	Amortized Cost		Estimated Market Value		Amortized Cost		Estimated Market Value
Due in one year or less	$	673	$	673	$	4,416	$	4,436
Due after one year through five years		9,526		9,817		42,199		41,693
Due after five years through ten years		5,704		5,769		222,460		218,564
Due after ten years		13,380		12,900		93,539		92,879
	$	29,283	$	29,159	$	362,614	$	357,572

Gross Unrealized Losses and Fair Value of Company's Investments

The following table shows the gross unrealized losses and fair value of the Company’s investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at March 31, 2014 and December 31, 2013.

	In Thousands, Except Number of Securities
	Less than 12 Months						12 Months or More						Total
March 31, 2014	Fair Value		Unrealized Losses		Number of Securities Included		Fair Value		Unrealized Losses		Number of Securities Included		Fair Value		Unrealized Losses
Held to Maturity Securities:
Mortgage-backed:
Government-sponsored enterprises (GSEs)* residential	$	6,730	$	431		5	$	—	$	—		—	$	6,730	$	431
Obligations of states and political subdivisions		4,326		169		12		2,070		31		6		6,396		200
	$	11,056	$	600		17	$	2,070	$	31		6	$	13,126	$	631
Available-for-Sale Securities:
US Government-Sponsored enterprises (GSEs) and agency-backed securities*	$	105,018	$	2,512		37	$	32,379	$	1,691		11	$	137,397	$	4,203
Mortgage-backed:
Government-sponsored enterprises (GSEs)* residential		116,226		1,319		41		1,795		27		2		118,021		1,346
Obligations of states and political subdivisions		4,110		53		9		4,799		275		14		8,909		328
	$	225,354	$	3,884		87	$	38,973	$	1,993		27	$	264,327	$	5,877

	In Thousands, Except Number of Securities
	Less than 12 Months						12 Months or More						Total
December 31, 2013	Fair Value		Unrealized Losses		Number of Securities Included		Fair Value		Unrealized Losses		Number of Securities Included		Fair Value		Unrealized Losses
Held to Maturity Securities:
Mortgage-backed:
Government-sponsored enterprises (GSEs)* residential	$	6,678	$	520		5	$	—	$	—		—	$	6,678	$	520
Obligations of states and political subdivisions		7,817		231		21		343		8		2		8,160		239
	$	14,495	$	751		26	$	343	$	8		2	$	14,838	$	759
Available-for-Sale Securities:
U.S. Government - Sponsored enterprises (GSEs)	$	108,234	$	4,358		37	$	19,479	$	1,603		7	$	127,713	$	5,961
Mortgage-backed:
Government-sponsored Enterprises (GSEs)* residential		97,805		1,449		32		1,866		32		2		99,671		1,481
Obligations of states and political subdivisions		5,645		95		14		4,766		314		14		10,411		409
	$	211,684	$	5,902		83	$	26,111	$	1,949		23	$	237,795	$	7,851