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Investment in Securities (Tables)

3 Months Ended

Mar. 31, 2014

Investment in Securities [Abstract]

Schedule of Investment Securities

The amortized cost, gross unrealized gains, gross unrealized losses and fair value of investment securities are summarized as follows:

		March 31, 2014
					Gross			Gross
		Amortized			Unrealized			Unrealized
(In thousands)		Cost			Gains			Losses			Fair Value
State and political subdivisions		$	312,059		$	10,801		$	1,498		$	321,362
Certificates of deposit			3,750			-			-			3,750
Total		$	315,809		$	10,801		$	1,498		$	325,112
		December 31, 2013
					Gross			Gross
		Amortized			Unrealized			Unrealized
(In thousands)		Cost			Gains			Losses			Fair Value
State and political subdivisions		$	308,403		$	8,537		$	2,923		$	314,017
Certificates of deposit			3,750			-			-			3,750
Total		$	312,153		$	8,537		$	2,923		$	317,767

Schedule of the Fair Value of Securities with Unrealized Losses

The fair values of securities with unrealized losses are as follows:

	March 31, 2014
	Less than 12 months						12 months or more						Total
	Estimated			Unrealized			Estimated			Unrealized			Estimated			Unrealized
(In thousands)	Fair Value			Losses			Fair Value			Losses			Fair Value			Losses
State and political subdivisions	$	57,966		$	1,311		$	3,606		$	187		$	61,572		$	1,498
Certificates of deposit		-			-			-			-			-			-
Total	$	57,966		$	1,311		$	3,606		$	187		$	61,572		$	1,498
	December 31, 2013
	Less than 12 months						12 months or more						Total
	Estimated			Unrealized			Estimated			Unrealized			Estimated			Unrealized
(In thousands)	Fair Value			Losses			Fair Value			Losses			Fair Value			Losses
State and political subdivisions	$	101,792		$	2,661		$	3,554		$	262		$	105,346		$	2,923
Certificates of deposit		-			-			-			-			-			-
Total	$	101,792		$	2,661		$	3,554		$	262		$	105,346		$	2,923

Schedule of Amortized Cost and Fair Value of Investment

	March 31, 2014
(In thousands)	Amortized Cost			Fair Value
Due in 1 year or less	$	19,013		$	19,303
Due after 1 year through 5 years		71,441			75,511
Due after 5 years through 10 years		147,006			150,185
Due after 10 years		78,349			80,113
Total	$	315,809		$	325,112

X

- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27290-111563



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-Publisher FASB

-Name Accounting Standards Codification

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-Publisher FASB

-Name Accounting Standards Codification

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-Name Accounting Standards Codification

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- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

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-Publisher FASB

-Name Accounting Standards Codification

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For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

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