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Securities (Tables) | 9 Months Ended
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Sep. 30, 2015
Cash and Cash Equivalents [Abstract] |
Securities Available for Sale | Securities available for sale at September 30, 2015 and December 31, 2014 are as follows:
|  | September 30, 2015 |  |  | December 31, 2014 |
|  | Amortized |  |  | Unrealized |  |  | Fair |  |  | Amortized |  |  | Unrealized |  |  | Fair |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |  |  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
U.S. Gov’t sponsored entities |  | $ | 145,440 |  |  | $ | 2,102 |  |  | $ | (533 | ) |  | $ | 147,009 |  |  | $ | 155,482 |  |  | $ | 2,301 |  |  | $ | (2,219 | ) |  | $ | 155,564 |
State & political subdivisions |  |  | 174,367 |  |  |  | 6,291 |  |  |  | (229 | ) |  |  | 180,429 |  |  |  | 174,600 |  |  |  | 6,804 |  |  |  | (402 | ) |  |  | 181,002 |
Residential & multi-family mortgage |  |  | 184,471 |  |  |  | 1,825 |  |  |  | (1,949 | ) |  |  | 184,347 |  |  |  | 265,678 |  |  |  | 2,291 |  |  |  | (2,805 | ) |  |  | 265,164 |
Corporate notes & bonds |  |  | 19,793 |  |  |  | 179 |  |  |  | (936 | ) |  |  | 19,036 |  |  |  | 20,791 |  |  |  | 139 |  |  |  | (1,500 | ) |  |  | 19,430 |
Pooled trust preferred |  |  | 800 |  |  |  | 360 |  |  |  | 0 |  |  |  | 1,160 |  |  |  | 800 |  |  |  | 105 |  |  |  | 0 |  |  |  | 905 |
Pooled SBA |  |  | 53,987 |  |  |  | 1,021 |  |  |  | (649 | ) |  |  | 54,359 |  |  |  | 63,139 |  |  |  | 1,074 |  |  |  | (1,560 | ) |  |  | 62,653 |
Other securities |  |  | 1,020 |  |  |  | 0 |  |  |  | (27 | ) |  |  | 993 |  |  |  | 1,020 |  |  |  | 0 |  |  |  | (18 | ) |  |  | 1,002 |
Total |  | $ | 579,878 |  |  | $ | 11,778 |  |  | $ | (4,323 | ) |  | $ | 587,333 |  |  | $ | 681,510 |  |  | $ | 12,714 |  |  | $ | (8,504 | ) |  | $ | 685,720 |
Trading Securities | Trading securities at September 30, 2015 and December 31, 2014 are as follows:
|  | September 30, 2015 |  |  | December 31, 2014 |
Corporate equity securities |  | $ | 2,997 |  |  | $ | 3,044 |
Mutual funds |  |  | 1,028 |  |  |  | 997 |
Certificates of deposit |  |  | 254 |  |  |  | 253 |
Corporate notes and bonds |  |  | 155 |  |  |  | 157 |
U.S. Government sponsored entities |  |  | 55 |  |  |  | 54 |
Total |  | $ | 4,489 |  |  | $ | 4,505 |
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 September 30, 2015 and December 31, 2014, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows (in thousands): September 30, 2015
|  | 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 |  | $ | 44,488 |  |  | $ | (263 | ) |  | $ | 37,250 |  |  | $ | (270 | ) |  | $ | 84,738 |  |  | $ | (533 | )
State & political subdivisions |  |  | 19,065 |  |  |  | (167 | ) |  |  | 3,134 |  |  |  | (62 | ) |  |  | 22,199 |  |  |  | (229 | )
Residential & multi-family mortgage |  |  | 69,507 |  |  |  | (881 | ) |  |  | 50,734 |  |  |  | (1,068 | ) |  |  | 120,241 |  |  |  | (1,949 | )
Corporate notes & bonds |  |  | 0 |  |  |  | 0 |  |  |  | 8,477 |  |  |  | (936 | ) |  |  | 8,477 |  |  |  | (936 | )
Pooled SBA |  |  | 0 |  |  |  | 0 |  |  |  | 28,500 |  |  |  | (649 | ) |  |  | 28,500 |  |  |  | (649 | )
Other securities |  |  | 0 |  |  |  | 0 |  |  |  | 993 |  |  |  | (27 | ) |  |  | 993 |  |  |  | (27 | )
|  | $ | 136,060 |  |  | $ | (1,311 | ) |  | $ | 129,088 |  |  | $ | (3,012 | ) |  | $ | 265,148 |  |  | $ | (4,323 | )
December 31, 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 |  | $ | 26,069 |  |  | $ | (149 | ) |  | $ | 85,016 |  |  | $ | (2,070 | ) |  | $ | 111,085 |  |  | $ | (2,219 | )
State & political subdivisions |  |  | 16,398 |  |  |  | (179 | ) |  |  | 12,363 |  |  |  | (223 | ) |  |  | 28,761 |  |  |  | (402 | )
Residential & multi-family mortgage |  |  | 70,360 |  |  |  | (603 | ) |  |  | 99,397 |  |  |  | (2,202 | ) |  |  | 169,757 |  |  |  | (2,805 | )
Corporate notes & bonds |  |  | 5,008 |  |  |  | (30 | ) |  |  | 7,935 |  |  |  | (1,470 | ) |  |  | 12,943 |  |  |  | (1,500 | )
Pooled SBA |  |  | 0 |  |  |  | (0 | ) |  |  | 34,608 |  |  |  | (1,560 | ) |  |  | 34,608 |  |  |  | (1,560 | )
Other securities |  |  | 0 |  |  |  | (0 | ) |  |  | 1,002 |  |  |  | (18 | ) |  |  | 1,002 |  |  |  | (18 | )
|  | $ | 117,835 |  |  | $ | (961 | ) |  | $ | 240,321 |  |  | $ | (7,543 | ) |  | $ | 358,156 |  |  | $ | (8,504 | )
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 nine months ended September 30, 2015 and 2014 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 Sale of Available for Sale Securities | Information pertaining to the sale of available for sale securities is as follows:
|  | Proceeds |  |  | Gross Gains |  |  | Gross Losses |
Three months ended September 30, 2015 |  | $ | 38,025 |  |  | $ | 244 |  |  | $ | (171 | )
Nine months ended September 30, 2015 |  |  | 86,554 |  |  |  | 852 |  |  |  | (288 | )
Three months ended September 30, 2014 |  |  | 9,698 |  |  |  | 41 |  |  |  | 0 |
Nine months ended September 30, 2014 |  |  | 38,826 |  |  |  | 328 |  |  |  | (83 | )
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 September 30, 2015:
|  | Amortized Cost |  |  | Fair Value |
1 year or less |  | $ | 25,281 |  |  | $ | 25,501 |
1 year – 5 years |  |  | 190,387 |  |  |  | 195,612 |
5 years – 10 years |  |  | 94,600 |  |  |  | 95,971 |
After 10 years |  |  | 30,132 |  |  |  | 30,550 |
|  |  | 340,400 |  |  |  | 347,634 |
Residential and multi-family mortgage |  |  | 184,471 |  |  |  | 184,347 |
Pooled SBA |  |  | 53,987 |  |  |  | 54,359 |
Total debt securities |  | $ | 578,858 |  |  | $ | 586,340 |

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