XML 36 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8

Securities (Tables)

3 Months Ended

Mar. 31, 2014

Securities [Abstract]

Amortized cost and fair value of securities

The amortized cost and fair value of securities at March 31, 2014 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		$	140,033			$	229			$	(3,783	)		$	136,479
State and political subdivisions			129,975				2,480				(1,885	)			130,570
U.S. government sponsored agency mortgage-backed securities			361,327				3,086				(5,762	)			358,651
Total debt securities			631,335				5,795				(11,430	)			625,700
Marketable equity securities			25,000				0				(573	)			24,427
Total available-for-sale securities		$	656,335			$	5,795			$	(12,003	)		$	650,127

Held-to-Maturity

(in thousands)		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
U.S. Treasury and government agencies		$	480			$	0			$	(44	)		$	436
State and political subdivisions			1,182				1				0				1,183
Total held-to-maturity securities		$	1,662			$	1			$	(44	)		$	1,619

The amortized cost and fair value of securities as of 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

Amortized cost and fair value of securities by contractual maturity

The amortized cost and fair value of securities at March 31, 2014 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		$	2,366			$	2,377			$	0			$	0
Due after one through five years			104,520				104,901				0				0
Due after five through ten years			123,723				120,778				1,182				1,183
Due after ten years			39,399				38,993				480				436
U.S. government sponsored agency mortgage-backed securities			361,327				358,651				0				0
Total debt securities			631,335				625,700				1,662				1,619
Marketable equity securities			25,000				24,427				0				0
Total securities		$	656,335			$	650,127			$	1,662			$	1,619

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 March 31, 2014 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		$	66,121			$	(1,364	)		$	64,757
State and political subdivisions			46,229				(1,518	)			44,711
U.S. government sponsored agency mortgage-backed securities			257,459				(5,762	)			251,697
Total debt securities			369,809				(8,644	)			361,165
Marketable equity securities			25,000				(573	)			24,427
Total <12 months temporarily impaired AFS securities			394,809				(9,217	)			385,592
12 Months or More
U.S. Treasury and government agencies			35,750				(2,419	)			33,331
State and political subdivisions			9,292				(367	)			8,925
Total ≥12 months temporarily impaired AFS securities			45,042				(2,786	)			42,256
Total
U.S. Treasury and government agencies			101,871				(3,783	)			98,088
State and political subdivisions			55,521				(1,885	)			53,636
U.S. government sponsored agency mortgage-backed securities			257,459				(5,762	)			251,697
Total debt securities			414,851				(11,430	)			403,421
Marketable equity securities			25,000				(573	)			24,427
Total temporarily impaired AFS securities		$	439,851			$	(12,003	)		$	427,848

Held-to-Maturity

(in thousands)		Amortized Cost				Gross Unrealized Losses				Fair Value
12 Months or More
U.S. Treasury and government agencies		$	480			$	(44	)		$	436
Total temporarily impaired HTM securities		$	480			$	(44	)		$	436

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 ≥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

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