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Securities (Tables) | 6 Months Ended
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Jun. 30, 2014
Cash And Cash Equivalents [Abstract] |
Securities Available for Sale | Securities available for sale at June 30, 2014 and December 31, 2013 are as follows:
|  | June 30, 2014 |  |  | December 31, 2013 |
|  | Amortized |  |  | Unrealized |  |  | Fair |  |  | Amortized |  |  | Unrealized |  |  | Fair |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |  |  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
U.S. Gov’t sponsored entities |  | $ | 168,144 |  |  | $ | 4,279 |  |  | $ | (5,247 | ) |  | $ | 167,176 |  |  | $ | 185,205 |  |  | $ | 2,894 |  |  | $ | (6,474 | ) |  | $ | 181,625 |
State & political subdivisions |  |  | 178,078 |  |  |  | 5,849 |  |  |  | (715 | ) |  |  | 183,212 |  |  |  | 176,490 |  |  |  | 3,770 |  |  |  | (2,317 | ) |  |  | 177,943 |
Residential & multi-family mortgage |  |  | 264,882 |  |  |  | 2,432 |  |  |  | (4,413 | ) |  |  | 262,901 |  |  |  | 248,017 |  |  |  | 2,410 |  |  |  | (7,820 | ) |  |  | 242,607 |
Commercial mortgage |  |  | 193 |  |  |  | 0 |  |  |  | (5 | ) |  |  | 188 |  |  |  | 385 |  |  |  | 0 |  |  |  | (11 | ) |  |  | 374 |
Corporate notes & bonds |  |  | 15,748 |  |  |  | 116 |  |  |  | (1,380 | ) |  |  | 14,484 |  |  |  | 15,744 |  |  |  | 65 |  |  |  | (1,734 | ) |  |  | 14,075 |
Pooled trust preferred |  |  | 800 |  |  |  | 0 |  |  |  | (2 | ) |  |  | 798 |  |  |  | 800 |  |  |  | 0 |  |  |  | (139 | ) |  |  | 661 |
Pooled SBA |  |  | 66,851 |  |  |  | 836 |  |  |  | (2,029 | ) |  |  | 65,658 |  |  |  | 70,077 |  |  |  | 688 |  |  |  | (3,044 | ) |  |  | 67,721 |
Other securities |  |  | 1,020 |  |  |  | 0 |  |  |  | (18 | ) |  |  | 1,002 |  |  |  | 1,020 |  |  |  | 0 |  |  |  | (35 | ) |  |  | 985 |
Total |  | $ | 695,716 |  |  | $ | 13,512 |  |  | $ | (13,809 | ) |  | $ | 695,419 |  |  | $ | 697,738 |  |  | $ | 9,827 |  |  | $ | (21,574 | ) |  | $ | 685,991 |
Trading Securities | Trading securities at June 30, 2014 and December 31, 2013 are as follows:
|  | June 30, 2014 |  |  | December 31, 2013 |
Corporate equity securities |  | $ | 2,990 |  |  | $ | 2,705 |
Mutual funds |  |  | 978 |  |  |  | 965 |
Certificates of deposit |  |  | 254 |  |  |  | 253 |
Corporate notes and bonds |  |  | 153 |  |  |  | 152 |
U.S. Government sponsored entities |  |  | 54 |  |  |  | 52 |
Total |  | $ | 4,429 |  |  | $ | 4,127 |
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 June 30, 2014 and December 31, 2013, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows (in thousands): June 30, 2014
|  | 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. Gov’t sponsored entities |  | $ | 4,857 |  |  | $ | (1,604 | ) |  | $ | 97,377 |  |  | $ | (3,643 | ) |  | $ | 102,234 |  |  | $ | (5,247 | )
State & political subdivisions |  |  | 8,527 |  |  |  | (34 | ) |  |  | 23,517 |  |  |  | (681 | ) |  |  | 32,044 |  |  |  | (715 | )
Residential & multi-family mortgage |  |  | 61,870 |  |  |  | (779 | ) |  |  | 101,485 |  |  |  | (3,634 | ) |  |  | 163,355 |  |  |  | (4,413 | )
Commercial mortgage |  |  | 0 |  |  |  | 0 |  |  |  | 188 |  |  |  | (5 | ) |  |  | 188 |  |  |  | (5 | )
Corporate notes & bonds |  |  | 0 |  |  |  | 0 |  |  |  | 8,020 |  |  |  | (1,380 | ) |  |  | 8,020 |  |  |  | (1,380 | )
Pooled trust preferred |  |  | 0 |  |  |  | 0 |  |  |  | 798 |  |  |  | (2 | ) |  |  | 798 |  |  |  | (2 | )
Pooled SBA |  |  | 1,991 |  |  |  | (9 | ) |  |  | 39,753 |  |  |  | (2,020 | ) |  |  | 41,744 |  |  |  | (2,029 | )
Other securities |  |  | 1,002 |  |  |  | (18 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 1,002 |  |  |  | (18 | )
|  | $ | 78,247 |  |  | $ | (2,444 | ) |  | $ | 271,138 |  |  | $ | (11,365 | ) |  | $ | 349,385 |  |  | $ | (13,809 | )
|  | Less than 12 Months |  |  | 12 Months or More |  |  | Total |
|  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |
December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
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 and 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 | )
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 three and six months ended June 30, 2014 and 2013 is as follows:
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 |
Additional credit loss for which other-than-temporary impairment was not previously recognized |  |  | 0 |
Additional credit loss for which other-than-temporary impairment was previously recognized |  |  | 0 |
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 |
Information Pertaining to Security Sales | Information pertaining to security sales is as follows:
|  | Proceeds |  |  | Gross Gains |  |  | Gross Losses |
Three months ended June 30, 2014 |  | $ | 16,177 |  |  | $ | 138 |  |  | $ | 0 |
Six months ended June 30, 2014 |  |  | 29,128 |  |  |  | 287 |  |  |  | (83 | )
Three months ended June 30, 2013 |  |  | 32,348 |  |  |  | 746 |  |  |  | (494 | )
Six months ended June 30, 2013 |  |  | 33,672 |  |  |  | 822 |  |  |  | (494 | )
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 June 30, 2014:
|  | Amortized Cost |  |  | Fair Value |
1 year or less |  | $ | 29,494 |  |  | $ | 29,090 |
1 year – 5 years |  |  | 149,072 |  |  |  | 151,616 |
5 years – 10 years |  |  | 145,065 |  |  |  | 146,310 |
After 10 years |  |  | 39,139 |  |  |  | 38,654 |
|  |  | 362,770 |  |  |  | 365,670 |
Residential and multi-family mortgage |  |  | 264,882 |  |  |  | 262,901 |
Pooled SBA |  |  | 66,851 |  |  |  | 65,658 |
Commercial mortgage |  |  | 193 |  |  |  | 188 |
Total debt securities |  | $ | 694,696 |  |  | $ | 694,417 |

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