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Investments (Tables)
 6 Months Ended
Jun. 30, 2014
Investments, Debt and Equity Securities [Abstract]  
Available-for-sale securities reconciliation
The following table sets forth the carrying values and estimated fair values of our investment securities portfolio at the dates indicated (in thousands): 
 
 
June 30, 2014
Available-for-Sale Securities
 
Amortized Cost
 
Gross
Unrealized
 Gains
 
Gross
Unrealized
Losses
 
Estimated
 Fair Value
Debt securities:
 
 

 
 

 
 

 
 

U.S. Government agencies
 
$
17,286

 
$
100

 
$
(50
)
 
$
17,336

Obligations of states and political subdivisions
 
133,521

 
4,561

 
(965
)
 
137,117

U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations
 
272,082

 
2,823

 
(803
)
 
274,102

Private label residential mortgage backed securities
 
3,677

 
1,358

 
—

 
5,035

Other equity securities
 
7,596

 
37

 
—

 
7,633

Total available-for-sale
 
$
434,162

 
$
8,879

 
$
(1,818
)
 
$
441,223

 
 
June 30, 2014
Held-to-Maturity Securities
 
Amortized Cost
 
Gross
Unrealized
 Gains
 
Gross
Unrealized
Losses
 
Estimated
 Fair Value
Debt securities:
 
 

 
 

 
 

 
 

Obligations of states and political subdivisions
 
$
31,711

 
$
1,983

 
$
(28
)
 
$
33,666


 
 
December 31, 2013
Available-for-Sale Securities
 
Amortized Cost
 
Gross
Unrealized
 Gains
 
Gross
Unrealized
Losses
 
Estimated
Fair Value
Debt securities:
 
 

 
 

 
 

 
 

U.S. Government agencies
 
$
18,172

 
$
115

 
$
(84
)
 
$
18,203

Obligations of states and political subdivisions
 
162,018

 
2,906

 
(6,517
)
 
158,407

U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations
 
254,978

 
1,075

 
(2,344
)
 
253,709

Private label residential mortgage backed securities
 
4,344

 
1,047

 
—

 
5,391

Other equity securities
 
7,596

 
2

 
(84
)
 
7,514

Total available-for-sale
 
$
447,108

 
$
5,145

 
$
(9,029
)
 
$
443,224
Realized gains and losses
Proceeds and gross realized gains (losses) from the sales or calls of investment securities for the periods ended June 30, 2014 and 2013 are shown below (in thousands):
 
 
For the Three Months
Ended June 30,
 
For the Six Months
Ended June 30,
Available-for-Sale Securities
 
2014
 
2013
 
2014
 
2013
Proceeds from sales or calls
 
$
25,525

 
$
13,696

 
$
52,241

 
$
35,853

Gross realized gains from sales or calls
 
190

 
395

 
1,152

 
1,401

Gross realized losses from sales or calls
 
(126
)
 
(75
)
 
(819
)
 
(268
)
Securities in a continuous unrealized loss position
Investment securities, aggregated by investment category, with unrealized losses as of the dates indicated are summarized and classified according to the duration of the loss period as follows (in thousands): 
 
 
June 30, 2014
 
 
Less than 12 Months
 
12 Months or More
 
Total
 
 
Fair
 
Unrealized
 
Fair
 
Unrealized
 
Fair
 
Unrealized
Available-for-Sale Securities
 
Value
 
Losses
 
Value
 
Losses
 
Value
 
Losses
Debt securities:
 
 

 
 

 
 

 
 

 
 

 
 

U.S. Government agencies
 
$
11,854

 
$
(44
)
 
$
916

 
$
(6
)
 
$
12,770

 
$
(50
)
Obligations of states and political subdivisions
 
4,982

 
(37
)
 
40,715

 
(928
)
 
45,697

 
(965
)
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations
 
46,082

 
(388
)
 
34,120

 
(415
)
 
80,202

 
(803
)
Total available-for-sale
 
$
62,918

 
$
(469
)

$
75,751

 
$
(1,349
)
 
$
138,669

 
$
(1,818
)
 
 
June 30, 2014
 
 
Less than 12 Months
 
12 Months or More
 
Total
 
 
Fair
 
Unrealized
 
Fair
 
Unrealized
 
Fair
 
Unrealized
Held-to-Maturity Securities
 
Value
 
Losses
 
Value
 
Losses
 
Value
 
Losses
Debt securities:
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of states and political subdivisions
 
$
1,055

 
$
(28
)
 
$
—

 
$
—

 
$
1,055

 
$
(28
)

 
 
December 31, 2013
 
 
Less than 12 Months
 
12 Months or More
 
Total
 
 
Fair
 
Unrealized
 
Fair
 
Unrealized
 
Fair
 
Unrealized
Available-for-Sale Securities
 
Value
 
Losses
 
Value
 
Losses
 
Value
 
Losses
Debt securities:
 
 

 
 

 
 

 
 

 
 

 
 

U.S. Government agencies
 
$
4,132

 
$
(75
)
 
$
968

 
$
(9
)
 
$
5,100

 
$
(84
)
Obligations of states and political subdivisions
 
89,556

 
(5,007
)
 
15,015

 
(1,510
)
 
104,571

 
(6,517
)
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations
 
148,853

 
(2,070
)
 
19,199

 
(274
)
 
168,052

 
(2,344
)
Other equity securities
 
7,416

 
(84
)
 
—

 
—

 
7,416

 
(84
)
Total available-for-sale
 
$
249,957

 
$
(7,236
)
 
$
35,182

 
$
(1,793
)
 
$
285,139

 
$
(9,029
)
Credit losses recorded in earnings

Other Equity Securities
 
At June 30, 2014, the Company had a total of two mutual fund equity investments. Neither of these investments were recorded with an unrealized loss at June 30, 2014.
 
The following tables provide a roll forward for the three and six month periods ended June 30, 2014 and 2013 of investment securities credit losses recorded in earnings. The beginning balance represents the credit loss component for which OTTI occurred on debt securities in prior periods.  Additions represent the first time a debt security was credit impaired or when subsequent credit impairments have occurred on securities for which OTTI credit losses have been previously recognized. 
 
 
For the Three Months
Ended June 30,
 
For the Six Months
Ended June 30,
(In thousands)
 
2014
 
2013
 
2014
 
2013
Beginning balance
 
$
800

 
$
800

 
$
800

 
$
783

Amounts related to credit loss for which an OTTI charge was not previously recognized
 
—

 
—

 
—

 
17

Increases to the amount related to credit loss for which OTTI was previously recognized
 
—

 
—

 
—

 
—

Realized losses for securities sold
 
—

 
—

 
—

 
—

Ending balance
 
$
800

 
$
800

 
$
800

 
$
800
Investments by contractual maturity
 
 
June 30, 2014
Available-for-Sale Securities
 
Amortized Cost

Estimated Fair
Value
Within one year
 
$
—

 
$
—

After one year through five years
 
2,673

 
2,956

After five years through ten years
 
15,317

 
15,936

After ten years
 
115,531

 
118,225

 
 
133,521

 
137,117

Investment securities not due at a single maturity date:
 
 

 
 

U.S. Government agencies
 
17,286

 
17,336

U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations
 
272,082

 
274,102

Private label residential mortgage backed securities
 
3,677

 
5,035

Other equity securities
 
7,596

 
7,633

Total available-for-sale
 
$
434,162

 
$
441,223

 
 
 
June 30, 2014
Held-to-Maturity Securities
 
Amortized Cost
 
Estimated Fair
Value
After ten years
 
$
31,711

 
$
33,666