XML 25 R33.htm IDEA: XBRL DOCUMENT v2.4.0.8

Securities (Tables)

12 Months Ended

Dec. 31, 2013

Securities [Abstract]

Amortized cost and fair value of securities

The amortized cost and fair value of securities at December 31, 2013 are summarized as follows:

Available-for-Sale

(in thousands)		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
U.S. Treasury and government agencies		$	65,524			$	225			$	(5,139	)		$	60,610
State and political subdivisions			118,055				1,907				(3,259	)			116,703
U.S. government sponsored agency mortgage-backed securities			383,174				4,325				(8,189	)			379,310
Total debt securities			566,753				6,457				(16,587	)			556,623
Marketable equity securities			55,000				0				(2,218	)			52,782
Total available-for-sale securities		$	621,753			$	6,457			$	(18,805	)		$	609,405

Held-to-Maturity

(in thousands)		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
U.S. Treasury and government agencies		$	480			$	0			$	(62	)		$	418
State and political subdivisions			1,182				1				0				1,183
Total held-to-maturity securities		$	1,662			$	1			$	(62	)		$	1,601

The amortized cost and fair value of securities at December 31, 2012 are summarized as follows:

Available-for-Sale

(in thousands)		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
U.S. Treasury and government agencies		$	60,625			$	463			$	(173	)		$	60,915
State and political subdivisions			107,987				5,369				(135	)			113,221
U.S. government sponsored agency mortgage-backed securities			370,246				13,347				(12	)			383,581
Total debt securities			538,858				19,179				(320	)			557,717
Marketable equity securities			45,000				791				(165	)			45,626
Total available-for-sale securities		$	583,858			$	19,970			$	(485	)		$	603,343

Held-to-Maturity

(in thousands)		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
U.S. Treasury and government agencies		$	480			$	0			$	(4	)		$	476
State and political subdivisions			1,182				1				0				1,183
Total held-to-maturity securities		$	1,662			$	1			$	(4	)		$	1,659

Amortized cost and fair value of securities by contractual maturity

The amortized cost and fair value of securities at December 31, 2013 by contractual maturity are shown below.  Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.

		Available-for-Sale								Held-to-Maturity
(in thousands)		Amortized Cost				Fair Value				Amortized Cost				Fair Value
Due in one year or less		$	3,844			$	3,863			$	0			$	0
Due after one through five years			29,673				30,137				0				0
Due after five through ten years			117,690				112,175				1,182				1,183
Due after ten years			32,372				31,138				480				418
U.S. government sponsored agency mortgage-backed securities			383,174				379,310				0				0
Total debt securities			566,753				556,623				1,662				1,601
Marketable equity securities			55,000				52,782				0				0
Total securities		$	621,753			$	609,405			$	1,662			$	1,601

Available for sale securities and Held-to-maturity securities, continuous unrealized loss position

The following tables provide the amortized cost, gross unrealized losses, and fair market value, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position as of December 31, 2013 that are not deemed to be other-than-temporarily impaired.

Available-for-Sale

(in thousands)		Amortized Cost				Gross Unrealized Losses				Fair Value
Less Than 12 Months
U.S. Treasury and government agencies		$	21,750			$	(1,617	)		$	20,133
State and political subdivisions			57,165				(2,789	)			54,376
U.S. government sponsored agency mortgage-backed securities			248,705				(8,182	)			240,523
Total debt securities			327,620				(12,588	)			315,032
Marketable equity securities			55,000				(2,218	)			52,782
Total <12 months temporarily impaired AFS securities			382,620				(14,806	)			367,814
12 Months or More
U.S. Treasury and government agencies			35,750				(3,522	)			32,228
State and political subdivisions			7,639				(470	)			7,169
U.S. government sponsored agency mortgage-backed securities			6,579				(7	)			6,572
Total debt securities			49,968				(3,999	)			45,969
Marketable equity securities			0				0				0
Total ≥12 months temporarily impaired AFS securities			49,968				(3,999	)			45,969
Total
U.S. Treasury and government agencies			57,500				(5,139	)			52,361
State and political subdivisions			64,804				(3,259	)			61,545
U.S. government sponsored agency mortgage-backed securities			255,284				(8,189	)			247,095
Total debt securities			377,588				(16,587	)			361,001
Marketable equity securities			55,000				(2,218	)			52,782
Total temporarily impaired AFS securities		$	432,588			$	(18,805	)		$	413,783

Held-to-Maturity

(in thousands)		Amortized Cost				Gross Unrealized Losses				Fair Value
12 Months or More
U.S. Treasury and government agencies		$	480			$	(62	)		$	418
Total temporarily impaired HTM securities		$	480			$	(62	)		$	418

The following tables provide the amortized cost, gross unrealized losses, and fair market value, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position as of December 31, 2012 that are not deemed to be other-than-temporarily impaired.

Available-for-Sale

(in thousands)		Amortized Cost				Gross Unrealized Losses				Fair Value
Less Than 12 Months
U.S. Treasury and government agencies		$	47,576			$	(173	)		$	47,403
State and political subdivisions			11,126				(135	)			10,991
U.S. government sponsored agency mortgage-backed securities			10,563				(12	)			10,551
Total debt securities			69,265				(320	)			68,945
Marketable equity securities			20,000				(165	)			19,835
Total < 12 months temporarily impaired AFS securities			89,265				(485	)			88,780
Total
U.S. Treasury and government agencies			47,576				(173	)			47,403
State and political subdivisions			11,126				(135	)			10,991
U.S. government sponsored agency mortgage-backed securities			10,563				(12	)			10,551
Total debt securities			69,265				(320	)			68,945
Marketable equity securities			20,000				(165	)			19,835
Total temporarily impaired AFS securities		$	89,265			$	(485	)			88,780

Held-to-Maturity

(in thousands)		Amortized Cost				Gross Unrealized Losses				Fair Value
Less Than 12 Months
U.S. Treasury and government agencies		$	480			$	(4	)		$	476
Total temporarily impaired HTM securities		$	480			$	(4	)		$	476

X

- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

+ References

No definition available.

+ Details

Name:	us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563

+ Details

Name:	us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of unrealized gains and losses on investments.

+ References

No definition available.

+ Details

Name:	us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration