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Investment Securities (Tables) | 6 Months Ended
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Jun. 30, 2015
Amortized Cost and Aggregate Fair Value of Held-to-Maturity Securities, Including Gross Unrealized Gains and Losses | The following tables present the amortized cost and aggregate fair value of available-for-sale securities, including gross unrealized gains and losses, as of the dates indicated:
|  | June 30, 2015 |
|  | Amortized Cost |  |  | Unrealized Gains |  |  | Unrealized Losses |  |  | Fair Value |
(Amounts in thousands) |  |  |  |  |  |  |  |  |  |  |  |
U.S. Agency securities |  | $ | 33,082 |  |  | $ | 26 |  |  | $ | (981 | ) |  | $ | 32,127 |
Municipal securities |  |  | 131,139 |  |  |  | 3,340 |  |  |  | (1,480 | ) |  |  | 132,999 |
Single issue trust preferred securities |  |  | 55,852 |  |  |  | — |  |  |  | (7,507 | ) |  |  | 48,345 |
Corporate securities |  |  | 60,832 |  |  |  | 12 |  |  |  | (136 | ) |  |  | 60,708 |
Certificates of deposit |  |  | 5,000 |  |  |  | — |  |  |  | — |  |  |  | 5,000 |
Mortgage-backed Agency securities |  |  | 97,902 |  |  |  | 329 |  |  |  | (1,438 | ) |  |  | 96,793 |
Equity securities |  |  | 222 |  |  |  | 6 |  |  |  | (9 | ) |  |  | 219 |
Total |  | $ | 384,029 |  |  | $ | 3,713 |  |  | $ | (11,551 | ) |  | $ | 376,191 |
|  | December 31, 2014 |
|  | Amortized Cost |  |  | Unrealized Gains |  |  | Unrealized Losses |  |  | Fair Value |
(Amounts in thousands) |  |  |  |  |  |  |  |  |  |  |  |
U.S. Agency securities |  | $ | 34,604 |  |  | $ | 11 |  |  | $ | (1,017 | ) |  | $ | 33,598 |
Municipal securities |  |  | 134,784 |  |  |  | 4,823 |  |  |  | (692 | ) |  |  | 138,915 |
Single issue trust preferred securities |  |  | 55,822 |  |  |  | — |  |  |  | (9,685 | ) |  |  | 46,137 |
Corporate securities |  |  | 5,000 |  |  |  | 109 |  |  |  | — |  |  |  | 5,109 |
Mortgage-backed Agency securities |  |  | 102,506 |  |  |  | 470 |  |  |  | (857 | ) |  |  | 102,119 |
Equity securities |  |  | 226 |  |  |  | 19 |  |  |  | (6 | ) |  |  | 239 |
Total |  | $ | 332,942 |  |  | $ | 5,432 |  |  | $ | (12,257 | ) |  | $ | 326,117 |
Amortized Cost and Aggregate Fair Value of Held-to-Maturity Securities, Including Gross Unrealized Gains and Losses | The following tables present the amortized cost and aggregate fair value of held-to-maturity securities, including gross unrealized gains and losses, as of the dates indicated:
|  | June 30, 2015 |
|  | Amortized Cost |  |  | Unrealized Gains |  |  | Unrealized Losses |  |  | Fair Value |
(Amounts in thousands) |  |  |  |  |  |  |  |  |  |  |  |
U.S. Agency securities |  | $ | 61,928 |  |  | $ | 217 |  |  | $ | (3 | ) |  | $ | 62,142 |
Municipal securities |  |  | 189 |  |  |  | 4 |  |  |  | — |  |  |  | 193 |
Corporate securities |  |  | 10,535 |  |  |  | 18 |  |  |  | (9 | ) |  |  | 10,544 |
Total |  | $ | 72,652 |  |  | $ | 239 |  |  | $ | (12 | ) |  | $ | 72,879 |
|  | December 31, 2014 |
|  | Amortized Cost |  |  | Unrealized Gains |  |  | Unrealized Losses |  |  | Fair Value |
(Amounts in thousands) |  |  |  |  |  |  |  |  |  |  |  |
U.S. Agency securities |  | $ | 46,987 |  |  | $ | 22 |  |  | $ | (54 | ) |  | $ | 46,955 |
Municipal securities |  |  | 379 |  |  |  | 7 |  |  |  | — |  |  |  | 386 |
Corporate securities |  |  | 10,582 |  |  |  | — |  |  |  | (34 | ) |  |  | 10,548 |
Total |  | $ | 57,948 |  |  | $ | 29 |  |  | $ | (88 | ) |  | $ | 57,889 |
Amortized Cost and Aggregate Fair Value of Available-for-Sale and Held-to-Maturity Securities | The following table presents the amortized cost and aggregate fair value of available-for-sale securities and held-to-maturity securities, by contractual maturity, as of June 30, 2015. Actual maturities could differ from contractual maturities because issuers may have the right to call or prepay obligations with or without penalties.
(Amounts in thousands) |  | Amortized Cost |  |  | Fair Value |
Available-for-sale securities |  |  |  |  |  |  |  |
Due within one year |  | $ | 6,154 |  |  | $ | 6,148 |
Due after one year but within five years |  |  | 61,263 |  |  |  | 61,253 |
Due after five years but within ten years |  |  | 66,872 |  |  |  | 68,976 |
Due after ten years |  |  | 146,616 |  |  |  | 137,802 |
|  |  | 280,905 |  |  |  | 274,179 |
Mortgage-backed securities |  |  | 97,902 |  |  |  | 96,793 |
Certificates of deposit |  |  | 5,000 |  |  |  | 5,000 |
Equity securities |  |  | 222 |  |  |  | 219 |
Total |  | $ | 384,029 |  |  | $ | 376,191 |
Held-to-maturity securities |  |  |  |  |  |  |  |
Due within one year |  | $ | 190 |  |  | $ | 194 |
Due after one year but within five years |  |  | 72,462 |  |  |  | 72,685 |
Due after five years but within ten years |  |  | — |  |  |  | — |
Due after ten years |  |  | — |  |  |  | — |
Total |  | $ | 72,652 |  |  | $ | 72,879 |
Net Loss or Gain from Sale of Securities | The following table presents the proceeds from sales of available-for-sale securities and the gross realized gains and losses on those sales in the periods indicated:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
(Amounts in thousands) |  |  |  |  |  |  |  |  |  |  |  |
Gross realized gains |  | $ | 251 |  |  | $ | 1,288 |  |  | $ | 266 |  |  | $ | 1,511 |
Gross realized losses |  |  | (38 | ) |  |  | (1,347 | ) |  |  | (76 | ) |  |  | (1,525 | )
Net gain (loss) on sale of securities |  | $ | 213 |  |  | $ | (59 | ) |  | $ | 190 |  |  | $ | (14 | )
Available-For-Sale Securities in Continuous Unrealized Loss Position | The following tables present the fair values and unrealized losses for available-for-sale securities in a continuous unrealized loss position for less than 12 months and for 12 months or longer as of the dates indicated:
|  | June 30, 2015 |
|  | Less than 12 Months |  |  | 12 Months or longer |  |  | Total |
|  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |
(Amounts in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Agency securities |  | $ | 3,041 |  |  | $ | (14 | ) |  | $ | 25,102 |  |  | $ | (967 | ) |  | $ | 28,143 |  |  | $ | (981 | )
Municipal securities |  |  | 20,138 |  |  |  | (660 | ) |  |  | 10,120 |  |  |  | (820 | ) |  |  | 30,258 |  |  |  | (1,480 | )
Single issue trust preferred securities |  |  | — |  |  |  | — |  |  |  | 48,344 |  |  |  | (7,507 | ) |  |  | 48,344 |  |  |  | (7,507 | )
Corporate securities |  |  | 55,581 |  |  |  | (136 | ) |  |  | — |  |  |  | — |  |  |  | 55,581 |  |  |  | (136 | )
Mortgage-backed Agency securities |  |  | 28,497 |  |  |  | (199 | ) |  |  | 40,246 |  |  |  | (1,239 | ) |  |  | 68,743 |  |  |  | (1,438 | )
Equity securities |  |  | — |  |  |  | — |  |  |  | 146 |  |  |  | (9 | ) |  |  | 146 |  |  |  | (9 | )
Total |  | $ | 107,257 |  |  | $ | (1,009 | ) |  | $ | 123,958 |  |  | $ | (10,542 | ) |  | $ | 231,215 |  |  | $ | (11,551 | )
|  | December 31, 2014 |
|  | Less than 12 Months |  |  | 12 Months or longer |  |  | Total |
|  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |
(Amounts in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Agency securities |  | $ | — |  |  | $ | — |  |  | $ | 29,448 |  |  | $ | (1,017 | ) |  | $ | 29,448 |  |  | $ | (1,017 | )
Municipal securities |  |  | 1,112 |  |  |  | (8 | ) |  |  | 25,007 |  |  |  | (684 | ) |  |  | 26,119 |  |  |  | (692 | )
Single issue trust preferred securities |  |  | — |  |  |  | — |  |  |  | 46,137 |  |  |  | (9,685 | ) |  |  | 46,137 |  |  |  | (9,685 | )
Mortgage-backed Agency securities |  |  | 2,778 |  |  |  | (3 | ) |  |  | 45,790 |  |  |  | (854 | ) |  |  | 48,568 |  |  |  | (857 | )
Equity securities |  |  | 150 |  |  |  | (6 | ) |  |  | — |  |  |  | — |  |  |  | 150 |  |  |  | (6 | )
Total |  | $ | 4,040 |  |  | $ | (17 | ) |  | $ | 146,382 |  |  | $ | (12,240 | ) |  | $ | 150,422 |  |  | $ | (12,257 | )
Held to Maturity Securities in Continuous Unrealized Loss Position | The following tables present the fair values and unrealized losses for held-to-maturity securities in a continuous unrealized loss position for less than 12 months and for 12 months or longer as of the dates indicated.
|  | June 30, 2015 |
|  | Less than 12 Months |  |  | 12 Months or longer |  |  | Total |
|  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |
(Amounts in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Agency securities |  | $ | 3,754 |  |  | $ | (3 | ) |  | $ | — |  |  | $ | — |  |  | $ | 3,754 |  |  | $ | (3 | )
Corporate securities |  |  | 3,642 |  |  |  | (9 | ) |  |  | — |  |  |  | — |  |  |  | 3,642 |  |  |  | (9 | )
Total |  | $ | 7,396 |  |  | $ | (12 | ) |  | $ | — |  |  | $ | — |  |  | $ | 7,396 |  |  | $ | (12 | )
|  | December 31, 2014 |
|  | Less than 12 Months |  |  | 12 Months or longer |  |  | Total |
|  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |
(Amounts in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Agency securities |  | $ | 28,188 |  |  | $ | (54 | ) |  | $ | — |  |  | $ | — |  |  | $ | 28,188 |  |  | $ | (54 | )
Corporate securities |  |  | 10,548 |  |  |  | (34 | ) |  |  | — |  |  |  | — |  |  |  | 10,548 |  |  |  | (34 | )
Total |  | $ | 38,736 |  |  | $ | (88 | ) |  | $ | — |  |  | $ | — |  |  | $ | 38,736 |  |  | $ | (88 | )
Credit Losses Recognized in Earnings for Debt Securities Where Portion of OTTI Recognized in OCI | The following table presents the activity for credit-related losses recognized in earnings on debt securities where a portion of an OTTI was recognized in OCI for the periods indicated:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
(Amounts in thousands) |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance(1) |  | $ | — |  |  | $ | 8,030 |  |  | $ | — |  |  | $ | 7,798 |
Additions for credit losses on securities previously recognized |  |  | — |  |  |  | 254 |  |  |  | — |  |  |  | 486 |
Ending balance |  | $ | — |  |  | $ | 8,284 |  |  | $ | — |  |  | $ | 8,284 |
(1) | The beginning balance includes credit related losses included in OTTI charges recognized on debt securities in prior periods.

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