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INVESTMENT SECURITIES (Tables)
 9 Months Ended
Sep. 30, 2015
Investment Securities Tables  
Schedule of amortized cost and related market value of investment securities available-for-sale

The amortized cost and related market value of investment securities available-for-sale were as follows:

 

   September 30, 2015  December 31, 2014
   Amortized
Cost		  Unrealized
Gains		  Unrealized
Losses		  Market
Value		  Amortized
Cost		  Unrealized
Gain		  Unrealized
Losses		  Market
Value
Available for Sale                                        
U.S. Government Treasury  $242,659   $1,330   $—     $243,989   $185,830   $220   $19   $186,031 
U.S. Government Agency   104,763    428    115    105,076    95,950    289    142    96,097 
States and Political Subdivisions   83,971    283    14    84,240    48,405    65    82    48,388 
Mortgage-Backed Securities   1,897    174    —      2,071    2,094    193    —      2,287 
Equity Securities(1)   8,695    —      —      8,695    8,745    —      —      8,745 
Total  $441,985   $2,215   $129   $444,071   $341,024   $767   $243   $341,548 
                                         
Held to Maturity                                        
U.S. Government Treasury  $134,670   $757   $—     $135,427   $76,179   $144   $6   $76,317 
U.S. Government Agency   10,060    35    —      10,095    19,807    29    19    19,817 
States and Political Subdivisions   18,676    57    1    18,732    26,717    36    6    26,747 
Mortgage-Backed Securities   30,558    96    68    30,586    40,878    33    380    40,531 
Total  $193,964   $945   $69   $194,840   $163,581   $242   $411   $163,412 
                                         
Total Investment Securities  $635,949   $3,160   $198   $638,911   $504,605   $1,009   $654   $504,960 
                                         
(1)Includes Federal Home Loan Bank, Federal Reserve Bank, and FNBB, Inc. stock recorded at cost of $3.7 million, $4.8 million, and $0.2 million, respectively, as of September 30, 2015 and Federal Home Loan Bank, Federal Reserve Bank, and Bankers Bancorporation of Florida, Inc. stock recorded at cost of $3.9 million, $4.8 million, and $0.1 million, respectively, as of December 31, 2014.
Schedule of investment securities with maturity distribution based on contractual maturities

Mortgage-backed securities and certain amortizing U.S. government agency securities are shown separately because they are not due at a certain maturity date.

 

   Available for Sale  Held to Maturity
(Dollars in Thousands)  Amortized
Cost		  Market
Value		  Amortized
Cost		  Market
Value
Due in one year or less  $59,038   $59,115   $29,291   $29,385 
Due after one through five years   299,404    300,992    134,115    134,869 
Mortgage-Backed Securities   1,897    2,071    30,558    30,586 
U.S. Government Agency   72,951    73,198    —      —   
Equity Securities   8,695    8,695    —      —   
Total  $441,985   $444,071   $193,964   $194,840 
Schedule of investment securities with continuous unrealized loss position

The following table summarizes the investment securities with unrealized losses as of September 30, 2015, aggregated by major security type and length of time in a continuous unrealized loss position:

 

   Less Than
12 Months		  Greater Than
12 Months		  Total
(Dollars in Thousands)  Market
Value		  Unrealized
Losses		  Market
Value		  Unrealized
Losses		  Market
Value		  Unrealized
Losses
September 30, 2015                  
    Available for Sale                              
    U.S. Government Agency  $11,909   $50   $11,409   $65   $23,318   $115 
    States and Political Subdivisions   12,690    13    604    1    13,294    14 
    Total  $24,599   $63   $12,013   $66   $36,612   $129 

 

Held to Maturity

                              
    States and Political Subdivisions  $926   $1   $—     $—     $926   $1 
    Mortgage-Backed Securities   2,691    19    13,235    49    15,926    68 
    Total  $3,617   $20   $13,235   $49   $16,852   $69 
                               
    December 31, 2014                              
Available for Sale                              
    U.S. Government Treasury  $35,838   $19   $—     $—     $35,838   $19 
    U.S. Government Agency   18,160    54    18,468    88    36,628    142 
    States and Political Subdivisions   16,497    77    505    5    17,002    82 
    Total  $70,495   $150   $18,973   $93   $89,468   $243 

 

Held to Maturity

                              
    U.S. Government Treasury  $15,046   $6   $—     $—     $15,046   $6 
    U.S. Government Agency   10,002    19    —      —      10,002    19 
    States and Political Subdivisions   3,788    6    —      —      3,788    6 
    Mortgage-Backed Securities   15,066    149    18,155    231    33,221    380 
    Total  $43,902   $180   $18,155   $231   $62,057   $411