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Securities (Tables)

6 Months Ended

Jun. 30, 2012

Securities

Amortized cost and fair value of investments classified as available-for-sale

		(000’s)
		June 30, 2012
		Amortized Cost			Unrealized Gains			Unrealized Losses			Fair Value
U.S. Government agencies		$	1,899		$	85		$	—		$	1,984
Mortgage Backed Securities - Residential		291,240			15,152			—			306,392
Mortgage Backed Securities - Commercial		50			1			—			51
Collateralized Mortgage Obligations		143,679			3,399			(34		)	147,044
State and Municipal Obligations		186,180			12,486			(85		)	198,581
Collateralized Debt Obligations		13,509			244			(9,374		)	4,379
Equity Securities		320			—			—			320
TOTAL		$	636,877		$	31,367		$	(9,493	)	$	658,751

		(000’s)
		December 31, 2011
		Amortized			Unrealized
(Dollar amounts in thousands)		Cost			Gains			Losses			Fair Value
U.S. Government agencies		$	3,979		$	34		$	—		$	4,013
Mortgage Backed Securities-residential		296,646			15,142			—			311,788
Mortgage Backed Securities-commercial		98			3			—			101
Collateralized mortgage obligations		144,850			3,097			—			147,947
State and municipal		183,854			11,738			(11		)	195,581
Collateralized debt obligations		14,031			150			(9,410		)	4,771
Equities		1,596			490			—			2,086
TOTAL		$	645,054		$	30,654		$	(9,421	)	$	666,287

Schedule of contractual maturities of debt securities

		June 30, 2012
		Available-for-Sale
		Amortized			Fair
(Dollar amounts in thousands)		Cost			Value
Due in one year or less		$	7,923		$	8,038
Due after one but within five years		41,808			43,713
Due after five but within ten years		88,072			93,252
Due after ten years		207,464			206,985
		345,267			351,988
Mortgage-backed securities and equities		291,610			306,763
TOTAL		$	636,877		$	658,751

Schedule of gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in continuous unrealized loss position

		June 30, 2012
		Less Than 12 Months						More Than 12 Months									Total
					Unrealized						Unrealized						Unrealized
(Dollar amounts in thousands)		Fair Value			Losses			Fair Value			Losses			Fair Value			Losses
Collateralized Mortgage Obligations		$	13,552		$	(34	)	$	—		$	—		$	13,552		$	(34	)
State and municipal obligations		7,738			(85		)	—			—			7,738			(85		)
Collateralized Debt Obligations		—			—			3,208			(9,374		)	3,208			(9,374		)
Total temporarily impaired securities		$	21,290		$	(119	)	$	3,208		$	(9,374	)	$	24,498		$	(9,493	)

		December 31, 2011
		Less Than 12 Months						More Than 12 Months									Total
					Unrealized						Unrealized						Unrealized
(Dollar amounts in thousands)		Fair Value			Losses			Fair Value			Losses			Fair Value			Losses
State and municipal obligations		$	1,110		$	(11	)	$	—		$	—		$	1,110		$	(11	)
Collateralized Debt Obligations		—			—			3,603			(9,410		)	3,603			(9,410		)
Total temporarily impaired securities		$	1,110		$	(11	)	$	3,603		$	(9,410	)	$	4,713		$	(9,421	)

Rollforward of the credit losses recognized in earnings

		Three Months Ended						Six Months Ended
		June 30,						June 30,
(Dollar amounts in thousands)		2012			2011			2012			2011
Beginning balance		$	15,180		$	15,070		$	15,180		$	15,070
Amounts related to credit loss for which an other-than-temporary impairment was not previously recognized		—			97			—			97
Increases to the amount related to the credit loss for which other-than-temporary impairment was previously recognized		11			—			11			—
Amounts realized for securities sold during the period		(208		)				(208		)
Ending balance		$	14,983		$	15,167		$	14,983		$	15,167

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- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

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