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SECURITIES: (Tables) | 12 Months Ended
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Dec. 31, 2012
Investments Debt and Equity Securities [Abstract] |
Amortized cost and fair value of investments classified as available-for-sale | The fair value of securities available-for-sale and related gross unrealized gains and losses recognized in accumulated other comprehensive income were as follows:
|  | December 31, 2012 |
|  | Amortized |  |  | Unrealized |  |  |  |
(Dollar amounts in thousands) |  | Cost |  |  | Gains |  |  | Losses |  |  | Fair Value |
U.S. Government entity mortgage-backed securities |  | $ | 1,807 |  |  | $ | 79 |  |  | $ | - |  |  | $ | 1,886 |
Mortgage-backed securities, residential |  |  | 231,316 |  |  |  | 13,373 |  |  |  | (13 | ) |  |  | 244,676 |
Mortgage-backed securities, commercial |  |  | 5,146 |  |  |  | 1 |  |  |  | (16 | ) |  |  | 5,131 |
Collateralized mortgage obligations |  |  | 230,739 |  |  |  | 2,827 |  |  |  | (246 | ) |  |  | 233,320 |
State and municipal obligations |  |  | 187,044 |  |  |  | 12,518 |  |  |  | (77 | ) |  |  | 199,485 |
Collateralized debt obligations |  |  | 12,243 |  |  |  | 1,761 |  |  |  | (7,882 | ) |  |  | 6,122 |
Equity Securities |  |  | 320 |  |  |  | 60 |  |  |  | - |  |  |  | 380 |
TOTAL |  | $ | 668,615 |  |  | $ | 30,619 |  |  | $ | (8,234 | ) |  | $ | 691,000 |
|  | December 31, 2011 |
|  | Amortized |  |  | Unrealized |  |  |  |
(Dollar amounts in thousands) |  | Cost |  |  | Gains |  |  | Losses |  |  | Fair Value |
U.S. Government entity mortgage-backed securities |  | $ | 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 obligations |  |  | 183,854 |  |  |  | 11,738 |  |  |  | (11 | ) |  |  | 195,581 |
Collateralized debt obligations |  |  | 14,031 |  |  |  | 150 |  |  |  | (9,410 | ) |  |  | 4,771 |
Equity Securities |  |  | 1,596 |  |  |  | 490 |  |  |  | - |  |  |  | 2,086 |
TOTAL |  | $ | 645,054 |  |  | $ | 30,654 |  |  | $ | (9,421 | ) |  | $ | 666,287 |
Schedule Of Gross Gain Or Loss realised | Below is a summary of the gross gains and losses realized by the Corporation on investment sales during the years ended December 31, 2012, 2011 and 2010, respectively.
(Dollar amounts in thousands) |  | 2012 |  |  | 2011 |  |  | 2010 |
Proceeds |  | $ | 25,812 |  |  | $ | 25 |  |  | $ | 12,248 |
Gross gains |  |  | 891 |  |  |  | 2 |  |  |  | 1,507 |
Gross losses |  |  | (5 | ) |  |  | - |  |  |  | (213 | )
Schedule of contractual maturities of debt securities | Contractual maturities of debt securities at year-end 2012 were as follows. Securities not due at a single maturity or with no maturity date, primarily mortgage-backed and equity securities, are shown separately.
|  | Available-for-Sale |
|  | Amortized |  |  | Fair |
(Dollar amounts in thousands) |  | Cost |  |  | Value |
Due in one year or less |  | $ | 11,022 |  |  | $ | 11,205 |
Due after one but within five years |  |  | 37,097 |  |  |  | 38,879 |
Due after five but within ten years |  |  | 87,877 |  |  |  | 93,326 |
Due after ten years |  |  | 295,837 |  |  |  | 297,402 |
|  |  | 431,833 |  |  |  | 440,812 |
Mortgage-backed securities and equities |  |  | 236,782 |  |  |  | 250,188 |
TOTAL |  | $ | 668,615 |  |  | $ | 691,000 |
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 | The following tables show the securities' gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in continuous unrealized loss position, at December 31, 2012 and 2011.
|  | December 31, 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 |
Mortgage-backed securities, residential |  | $ | 7,245 |  |  | $ | (13 | ) |  | $ | - |  |  | $ | - |  |  | $ | 7,245 |  |  | $ | (13 | )
Mortgage-backed securities, commercial |  |  | 5,086 |  |  |  | (16 | ) |  |  |  |  |  |  |  |  |  |  | 5,086 |  |  |  | (16 | )
Collateralized mortgage obligations |  |  | 46,121 |  |  |  | (246 | ) |  |  |  |  |  |  |  |  |  |  | 46,121 |  |  |  | (246 | )
State and municipal obligations |  |  | 8,611 |  |  |  | (77 | ) |  |  |  |  |  |  |  |  |  |  | 8,611 |  |  |  | (77 | )
Collateralized debt obligations |  |  | - |  |  |  | - |  |  |  | 4,032 |  |  |  | (7,882 | ) |  |  | 4,032 |  |  |  | (7,882 | )
Total temporarily impaired securities |  | $ | 67,063 |  |  | $ | (352 | ) |  | $ | 4,032 |  |  | $ | (7,882 | ) |  | $ | 71,095 |  |  | $ | (8,234 | )
|  | 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 | The table below presents a rollforward of the credit losses recognized in earnings for the year ended December 31, 2012:
(Dollar amounts in thousands) |  | 2012 |  |  | 2011 |  |  | 2010 |
Beginning balance, January 1, |  | $ | 15,180 |  |  | $ | 15,070 |  |  | $ | 11,359 |
Amounts related to credit loss for which other-than- |  |  |  |  |  |  |  |  |  |  |  |
temporary impairment was not previously recognized |  |  | 11 |  |  |  | 110 |  |  |  | (549 | )
Amounts realized for securities sold during the period |  |  | (208 | ) |  |  | - |  |  |  | - |
Reductions for increase in cash flows expected to be collected |  |  |  |  |  |  |  |  |  |  |  |
that are recognized over the remaining life of the security |  |  | - |  |  |  | - |  |  |  | - |
Increases to the amount related to the credit loss for which other- |  |  |  |  |  |  |  |  |  |  |  |
than-temporary impairment was previously recognized |  |  | - |  |  |  | - |  |  |  | 4,260 |
Ending balance, December 31, |  | $ | 14,983 |  |  | $ | 15,180 |  |  | $ | 15,070 |

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