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Securities (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of amortized cost and fair value of the securities portfolio and corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive loss


					Gross			Gross
		Amortized			Unrealized			Unrealized			Fair
December 31, 2016		Cost			Gains			Losses			Value
Securities available-for-sale
U.S. government agencies mortgage-backed		$	42,511		$	-		$	(977)		$	41,534
States and political subdivisions			68,718			258			(273)			68,703
Corporate bonds			10,957			9			(336)			10,630
Collateralized mortgage obligations			174,352			374			(3,799)			170,927
Asset-backed securities			146,391			341			(8,325)			138,407
Collateralized loan obligations			102,504			29			(896)			101,637
Total securities available-for-sale		$	545,433		$	1,011		$	(14,606)		$	531,838


					Gross			Gross
		Amortized			Unrealized			Unrealized			Fair
December 31, 2015		Cost			Gains			Losses			Value
Securities available-for-sale
U.S. Treasury		$	1,509		$	-		$	-		$	1,509
U.S. government agencies			1,683			-			(127)			1,556
U.S. government agencies mortgage-backed			2,040			-			(44)			1,996
States and political subdivisions			30,341			285			(100)			30,526
Corporate bonds			30,157			-			(757)			29,400
Collateralized mortgage obligations			68,743			24			(1,847)			66,920
Asset-backed securities			241,872			74			(10,038)			231,908
Collateralized loan obligations			94,374			-			(2,123)			92,251
Total securities available-for-sale		$	470,719		$	383		$	(15,036)		$	456,066
Securities held-to-maturity
U.S. government agency mortgage-backed		$	36,505		$	1,592		$	-		$	38,097
Collateralized mortgage obligations			211,241			3,302			(965)			213,578
Total securities held-to-maturity		$	247,746		$	4,894		$	(965)		$	251,675

Schedule of fair value, amortized cost and weighted average yield of debt securities by contractual maturity along with securities not due at a single maturity date, primarily mortgage-backed securities (MBS), asset-backed securities, and collateralized loan obligations


					Weighted
		Amortized			Average			Fair
Securities available-for-sale		Cost			Yield			Value
Due in one year or less		$	14,410		1.93	%		$	14,416
Due after one year through five years			4,575		3.02				4,571
Due after five years through ten years			16,855		2.62				16,594
Due after ten years			43,835		3.51				43,752
			79,675		3.01				79,333
Mortgage-backed and collateralized mortgage obligations			216,863		2.43				212,461
Asset-backed securities			146,391		2.15				138,407
Collateralized loan obligations			102,504		3.80				101,637
Total securities available-for-sale		$	545,433		2.70	%		$	531,838

Schedule of amortized cost and fair value of securities that exceed 10% of stockholders equity

Information regarding these two issuers and the value of the securities issued follows:


		December 31, 2016
		Amortized			Fair
Issuer		Cost			Value
GCO Education Loan Funding Corp		$	37,812		$	34,678
Towd Point Mortgage Trust			20,302			19,792

Schedule of securities with unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position


		Less than 12 months								12 months or more
December 31, 2016		in an unrealized loss position								in an unrealized loss position								Total
		Number of		Unrealized			Fair			Number of		Unrealized			Fair			Number of		Unrealized			Fair
Securities available-for-sale		Securities		Losses			Value			Securities		Losses			Value			Securities		Losses			Value
U.S. government agencies mortgage-backed		11		$	957		$	40,636		1		$	20		$	898		12		$	977		$	41,534
States and political subdivisions		12			273			35,241		-			-			-		12			273			35,241
Corporate bonds		1			183			4,817		2			153			5,328		3			336			10,145
Collateralized mortgage obligations		16			3,402			117,752		7			397			18,109		23			3,799			135,861
Asset-backed securities		4			328			17,604		12			7,997			107,112		16			8,325			124,716
Collateralized loan obligations		-			-			-		12			896			81,613		12			896			81,613
Total securities available-for-sale		44		$	5,143		$	216,050		34		$	9,463		$	213,060		78		$	14,606		$	429,110


		Less than 12 months								12 months or more
December 31, 2015		in an unrealized loss position								in an unrealized loss position								Total
		Number of		Unrealized				Fair		Number of		Unrealized				Fair		Number of		Unrealized				Fair
Securities available-for-sale		Securities		Losses				Value		Securities		Losses				Value		Securities		Losses				Value
U.S. government agencies		-		$	-		$	-		1		$	127		$	1,556		1		$	127		$	1,556
U.S. government agencies mortgage-backed		1			44			1,996		-			-			-		1			44			1,996
States and political subdivisions		2			19			1,541		1			81			1,713		3			100			3,254
Corporate bonds		5			292			14,866		3			465			14,534		8			757			29,400
Collateralized mortgage obligations		4			334			16,218		7			1,513			43,618		11			1,847			59,836
Asset-backed securities		9			2,080			78,301		8			7,958			121,217		17			10,038			199,518
Collateralized loan obligations		5			446			29,480		9			1,677			62,771		14			2,123			92,251
Total securities available-for-sale		26		$	3,215		$	142,402		29		$	11,821		$	245,409		55		$	15,036		$	387,811
Securities held-to-maturity
Collateralized mortgage obligations		8		$	505		$	40,307		2		$	460		$	33,842		10		$	965		$	74,149
Total securities held-to-maturity		8		$	505		$	40,307		2		$	460		$	33,842		10		$	965		$	74,149

Schedule of proceeds from sale and gross realized gains and losses on sale of securities



		Years ended December 31,
		2016			2015			2014
Proceeds from sales of securities		$	306,400		$	70,176		$	296,013
Gross realized gains on securities			1,675			106			3,231
Gross realized losses on securities			(3,888)			(284)			(1,512)
Securities gains (losses), net		$	(2,213)		$	(178)		$	1,719
Income tax expense (benefit) on net realized gains (losses)		$	(882)		$	(71)		$	704