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Securities (Tables) | 12 Months Ended
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Dec. 31, 2013
Investments Debt And Equity Securities [Abstract] |
Securities Available for Sale | Securities available-for-sale at December 31, 2013 and 2012 are as follows:
|  | December 31, 2013 |  |  | December 31, 2012 |
|  | Amortized Cost |  |  | Unrealized |  |  | Fair Value |  |  | Amortized Cost |  |  | Unrealized |  |  | Fair Value |
|  | Gains |  |  | Losses |  |  |  |  | Gains |  |  | Losses |  |
U.S. Treasury |  |  | $ 0 |  |  |  | $ 0 |  |  |  | $ 0 |  |  |  | $ 0 |  |  |  | $ 4,018 |  |  |  | $ 18 |  |  | $ | 0 |  |  |  | $4,036 |
U.S. Gov’t sponsored entities |  |  | 185,205 |  |  |  | 2,894 |  |  |  | (6,474) |  |  |  | 181,625 |  |  |  | 157,965 |  |  |  | 5,977 |  |  |  | (161 | ) |  |  | 163,781 |
State & political subdivisions |  |  | 176,490 |  |  |  | 3,770 |  |  |  | (2,317) |  |  |  | 177,943 |  |  |  | 170,223 |  |  |  | 11,113 |  |  |  | (57 | ) |  |  | 181,279 |
Residential & multi-family mortgage |  |  | 248,017 |  |  |  | 2,410 |  |  |  | (7,820) |  |  |  | 242,607 |  |  |  | 308,800 |  |  |  | 8,724 |  |  |  | (702 | ) |  |  | 316,822 |
Commercial mortgage |  |  | 385 |  |  |  | 0 |  |  |  | (11) |  |  |  | 374 |  |  |  | 1,275 |  |  |  | 29 |  |  |  | 0 |  |  |  | 1,304 |
Corporate notes & bonds |  |  | 15,744 |  |  |  | 65 |  |  |  | (1,734) |  |  |  | 14,075 |  |  |  | 17,368 |  |  |  | 26 |  |  |  | (2,370 | ) |  |  | 15,024 |
Pooled trust preferred |  |  | 800 |  |  |  | 0 |  |  |  | (139) |  |  |  | 661 |  |  |  | 800 |  |  |  | 0 |  |  |  | (200 | ) |  |  | 600 |
Pooled SBA |  |  | 70,077 |  |  |  | 688 |  |  |  | (3,044) |  |  |  | 67,721 |  |  |  | 50,667 |  |  |  | 2,277 |  |  |  | (17 | ) |  |  | 52,927 |
Other securities |  |  | 1,020 |  |  |  | 0 |  |  |  | (35) |  |  |  | 985 |  |  |  | 1,521 |  |  |  | 17 |  |  |  | 0 |  |  |  | 1,538 |
Total |  |  | $697,738 |  |  |  | $9,827 |  |  |  | $(21,574) |  |  |  | $685,991 |  |  |  | $712,637 |  |  |  | $28,181 |  |  |  | $(3,507) |  |  |  | $737,311 |
Trading Securities | Trading securities at December 31, 2013 and 2012 are as follows:
|  | 2013 |  |  | 2012 |
Corporate equity securities |  | $ | 2,705 |  |  | $ | 3,117 |
Certificates of deposit |  |  | 253 |  |  |  | 408 |
International mutual funds |  |  | 259 |  |  |  | 287 |
Large cap growth mutual funds |  |  | 197 |  |  |  | 157 |
Money market mutual funds |  |  | 124 |  |  |  | 110 |
Large cap value mutual funds |  |  | 129 |  |  |  | 104 |
Corporate notes and bonds |  |  | 152 |  |  |  | 101 |
Real estate investment trust mutual funds |  |  | 39 |  |  |  | 65 |
U.S. Government sponsored entities |  |  | 52 |  |  |  | 58 |
Small cap mutual funds |  |  | 83 |  |  |  | 26 |
Mid cap mutual funds |  |  | 84 |  |  |  | 26 |
Commodities mutual funds |  |  | 50 |  |  |  | 0 |
Total |  | $ | 4,127 |  |  | $ | 4,459 |
Securities with Unrealized Losses Aggregated by Investment Category and Length of Time that Individual Securities have been in Continuous Unrealized Loss Position | Securities with unrealized losses at December 31, 2013 and 2012, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows:
December 31, 2013 |  | Less than 12 Months |  |  | 12 Months or More |  |  | Total |
Description of Securities |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |
U.S. Treasury |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |
U.S. Gov’t sponsored entities |  |  | 95,677 |  |  |  | (5,394 | ) |  |  | 17,964 |  |  |  | (1,080 | ) |  |  | 113,641 |  |  |  | (6,474 | )
State & political subdivisions |  |  | 57,526 |  |  |  | (2,192 | ) |  |  | 5,324 |  |  |  | (125 | ) |  |  | 62,850 |  |  |  | (2,317 | )
Residential & multi-family mortgage |  |  | 150,229 |  |  |  | (6,806 | ) |  |  | 16,608 |  |  |  | (1,014 | ) |  |  | 166,837 |  |  |  | (7,820 | )
Commercial mortgage |  |  | 374 |  |  |  | (11 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 374 |  |  |  | (11 | )
Corporate notes & bonds |  |  | 0 |  |  |  | 0 |  |  |  | 9,662 |  |  |  | (1,734 | ) |  |  | 9,662 |  |  |  | (1,734 | )
Pooled trust preferred |  |  | 0 |  |  |  | 0 |  |  |  | 661 |  |  |  | (139 | ) |  |  | 661 |  |  |  | (139 | )
Pooled SBA |  |  | 36,842 |  |  |  | (2,296 | ) |  |  | 8,277 |  |  |  | (748 | ) |  |  | 45,119 |  |  |  | (3,044 | )
Other securities |  |  | 985 |  |  |  | (35 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 985 |  |  |  | (35 | )
|  | $ | 341,633 |  |  | $ | (16,734 | ) |  | $ | 58,496 |  |  | $ | (4,840 | ) |  | $ | 400,129 |  |  | $ | (21,574 | )
|  | Less than 12 Months |  |  | 12 Months or More |  |  | Total |
|  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |
December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |
U.S. Gov’t sponsored entities |  |  | 41,715 |  |  |  | (161 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 41,715 |  |  |  | (161 | )
State & political subdivisions |  |  | 7,857 |  |  |  | (57 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 7,857 |  |  |  | (57 | )
Residential and multi-family mortgage |  |  | 32,159 |  |  |  | (688 | ) |  |  | 4,254 |  |  |  | (14 | ) |  |  | 36,413 |  |  |  | (702 | )
Commercial mortgage |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Corporate notes & bonds |  |  | 0 |  |  |  | 0 |  |  |  | 13,002 |  |  |  | (2,370 | ) |  |  | 13,002 |  |  |  | (2,370 | )
Pooled trust preferred |  |  | 0 |  |  |  | 0 |  |  |  | 600 |  |  |  | (200 | ) |  |  | 600 |  |  |  | (200 | )
Pooled SBA |  |  | 3,521 |  |  |  | (17 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 3,521 |  |  |  | (17 | )
Other securities |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
|  | $ | 85,252 |  |  | $ | (923 | ) |  | $ | 17,856 |  |  | $ | (2,584 | ) |  | $ | 103,108 |  |  | $ | (3,507 | )
Summary of Structured Pooled Trust Preferred Securities | The following table provides detailed information related to the Corporation’s structured pooled trust preferred securities as of December 31, 2013 and for the years ended December 31, 2013, 2012, and 2011:
|  | As of December 31, 2013 |  |  | Credit Losses Realized in Earnings |
|  | Adjusted Amortized |  |  | Unrealized |  |  | Fair |  |  | Year Ended December 31, |
|  | Cost |  |  | Gain (Loss) |  |  | Value |  |  | 2013 |  |  | 2012 |  |  | 2011 |
ALESCO Preferred Funding V, Ltd. |  | $ | 800 |  |  | $ | (139 | ) |  | $ | 661 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |
ALESCO Preferred Funding XII, Ltd. |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 280 |
ALESCO Preferred Funding XVII, Ltd. |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Preferred Term Securities XVI, Ltd. |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 118 |
US Capital Funding VI, Ltd. |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Total |  | $ | 800 |  |  | $ | (139 | ) |  | $ | 661 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 398 |
Roll-Forward of Other-Than-Temporary Impairment Amount Related to Credit Losses | A roll-forward of the other-than-temporary impairment amount related to credit losses for the years ended December 31, 2013, 2012 and 2011 is as follows:
|  | 2013 |  |  | 2012 |  |  | 2011 |
Balance of credit losses on debt securities for which a portion of other-than-temporary impairment was recognized in earnings, beginning of period |  | $ | 4,054 |  |  | $ | 4,054 |  |  | $ | 3,656 |
Additional credit loss for which other-than-temporary impairment was not previously recognized |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Additional credit loss for which other-than-temporary impairment was previously recognized |  |  | 0 |  |  |  | 0 |  |  |  | 398 |
Balance of credit losses on debt securities for which a portion of other-than-temporary impairment was recognized in earnings, end of period |  | $ | 4,054 |  |  | $ | 4,054 |  |  | $ | 4,054 |
Schedule of Contractual Maturity of Securities Available for Sale, Excluding Equity Securities | The following is a schedule of the contractual maturity of securities available for sale, excluding equity securities, at December 31, 2013:
|  | December 31, 2013 |
|  | Amortized Cost |  |  | Fair Value |
1 year or less |  | $ | 31,192 |  |  | $ | 30,902 |
1 year – 5 years |  |  | 141,228 |  |  |  | 141,410 |
5 years – 10 years |  |  | 165,713 |  |  |  | 163,735 |
After 10 years |  |  | 40,106 |  |  |  | 38,257 |
|  |  | 378,239 |  |  |  | 374,304 |
Residential and multi-family mortgage |  |  | 248,017 |  |  |  | 242,607 |
Pooled SBA |  |  | 70,077 |  |  |  | 67,721 |
Commercial mortgage |  |  | 385 |  |  |  | 374 |
Total debt securities |  | $ | 696,718 |  |  | $ | 685,006 |
Information Pertaining to Security Sales | Information pertaining to security sales is as follows:
Year ended December 31 |  | Proceeds |  |  | Gross Gains |  |  | Gross Losses |
2013 |  | $ | 35,633 |  |  | $ | 849 |  |  | $ | 494 |
2012 |  |  | 125,579 |  |  |  | 1,809 |  |  |  | 430 |
2011 |  |  | 69,740 |  |  |  | 878 |  |  |  | 264 |

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