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Investment Securities (Tables) | 3 Months Ended
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Mar. 31, 2014
Investments, Debt and Equity Securities [Abstract] |
Schedule of Available For Sale, Held-to-Maturity, and Restricted Equity Securities | The following table summarizes the amortized cost and estimated fair value of investment securities at March 31, 2014:
| Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value (Estimated)
Securities available for sale |  |  |  |  |  |  |
Mortgage-backed securities | $ | 172,909,000 |  |  | $ | 1,917,000 |  |  | $ | (2,711,000 | ) |  | $ | 172,115,000 |
State and political subdivisions | 133,303,000 |  |  | 2,796,000 |  |  | (4,784,000 | ) |  | 131,315,000 |
Other equity securities | 2,207,000 |  |  | 66,000 |  |  | (3,000 | ) |  | 2,270,000 |
| $ | 308,419,000 |  |  | $ | 4,779,000 |  |  | $ | (7,498,000 | ) |  | $ | 305,700,000 |
Securities to be held to maturity |  |  |  |  |  |  |
U.S. Government-sponsored agencies | $ | 92,312,000 |  |  | $ | 2,000 |  |  | $ | (9,131,000 | ) |  | $ | 83,183,000 |
Mortgage-backed securities | 49,805,000 |  |  | 1,652,000 |  |  | (789,000 | ) |  | 50,668,000 |
State and political subdivisions | 40,436,000 |  |  | 2,070,000 |  |  | (95,000 | ) |  | 42,411,000 |
Corporate securities | 300,000 |  |  | — |  |  | — |  |  | 300,000 |
| $ | 182,853,000 |  |  | $ | 3,724,000 |  |  | $ | (10,015,000 | ) |  | $ | 176,562,000 |
Restricted equity securities |  |  |  |  |  |  |
Federal Home Loan Bank Stock | $ | 12,875,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 12,875,000 |
Federal Reserve Bank Stock | 1,037,000 |  |  | — |  |  | — |  |  | 1,037,000 |
| $ | 13,912,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 13,912,000 |
The following table summarizes the amortized cost and estimated fair value of investment securities at December 31, 2013:
| Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value (Estimated)
Securities available for sale |  |  |  |  |  |  |
Mortgage-backed securities | $ | 180,109,000 |  |  | $ | 1,392,000 |  |  | $ | (3,772,000 | ) |  | $ | 177,729,000 |
State and political subdivisions | 134,188,000 |  |  | 1,458,000 |  |  | (9,331,000 | ) |  | 126,315,000 |
Other equity securities | 1,666,000 |  |  | 116,000 |  |  | (2,000 | ) |  | 1,780,000 |
| $ | 315,963,000 |  |  | $ | 2,966,000 |  |  | $ | (13,105,000 | ) |  | $ | 305,824,000 |
Securities to be held to maturity |  |  |  |  |  |  |
U.S. Government-sponsored agencies | $ | 92,280,000 |  |  | $ | 1,000 |  |  | $ | (12,757,000 | ) |  | $ | 79,524,000 |
Mortgage-backed securities | 35,712,000 |  |  | 1,440,000 |  |  | (1,336,000 | ) |  | 35,816,000 |
State and political subdivisions | 40,985,000 |  |  | 1,823,000 |  |  | (112,000 | ) |  | 42,696,000 |
Corporate securities | 300,000 |  |  | — |  |  | — |  |  | 300,000 |
| $ | 169,277,000 |  |  | $ | 3,264,000 |  |  | $ | (14,205,000 | ) |  | $ | 158,336,000 |
Restricted equity securities |  |  |  |  |  |  |
Federal Home Loan Bank Stock | $ | 12,875,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 12,875,000 |
Federal Reserve Bank Stock | 1,037,000 |  |  | — |  |  | — |  |  | 1,037,000 |
| $ | 13,912,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 13,912,000 |
The following table summarizes the amortized cost and estimated fair value of investment securities at March 31, 2013:
| Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value (Estimated)
Securities available for sale |  |  |  |  |  |  |
Mortgage-backed securities | $ | 153,477,000 |  |  | $ | 4,028,000 |  |  | $ | (308,000 | ) |  | $ | 157,197,000 |
State and political subdivisions | 122,893,000 |  |  | 5,866,000 |  |  | (1,159,000 | ) |  | 127,600,000 |
Other equity securities | 1,578,000 |  |  | 46,000 |  |  | (52,000 | ) |  | 1,572,000 |
| $ | 277,948,000 |  |  | $ | 9,940,000 |  |  | $ | (1,519,000 | ) |  | $ | 286,369,000 |
Securities to be held to maturity |  |  |  |  |  |  |
U.S. Government-sponsored agencies | $ | 60,940,000 |  |  | $ | 79,000 |  |  | $ | (289,000 | ) |  | $ | 60,730,000 |
Mortgage-backed securities | 46,604,000 |  |  | 2,634,000 |  |  | (218,000 | ) |  | 49,020,000 |
State and political subdivisions | 42,947,000 |  |  | 3,560,000 |  |  | (5,000 | ) |  | 46,502,000 |
Corporate securities | 300,000 |  |  | — |  |  | — |  |  | 300,000 |
| $ | 150,791,000 |  |  | $ | 6,273,000 |  |  | $ | (512,000 | ) |  | $ | 156,552,000 |
Restricted equity securities |  |  |  |  |  |  |
Federal Home Loan Bank Stock | $ | 12,875,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 12,875,000 |
Federal Reserve Bank Stock | 1,037,000 |  |  | — |  |  | — |  |  | 1,037,000 |
| $ | 13,912,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 13,912,000 |
Contractual Maturities of Investment Securities | The following table summarizes the contractual maturities of investment securities at March 31, 2014:
| Securities available for sale |  | Securities to be held to maturity
| Amortized Cost |  | Fair Value (Estimated) |  | Amortized Cost |  | Fair Value (Estimated)
Due in 1 year or less | $ | 137,000 |  |  | $ | 137,000 |  |  | $ | 265,000 |  |  | $ | 267,000 |
Due in 1 to 5 years | 19,747,000 |  |  | 20,052,000 |  |  | 5,951,000 |  |  | 6,266,000 |
Due in 5 to 10 years | 15,868,000 |  |  | 16,190,000 |  |  | 42,272,000 |  |  | 43,472,000 |
Due after 10 years | 270,460,000 |  |  | 267,051,000 |  |  | 134,365,000 |  |  | 126,557,000 |
Equity securities | 2,207,000 |  |  | 2,270,000 |  |  | — |  |  | — |
| $ | 308,419,000 |  |  | $ | 305,700,000 |  |  | $ | 182,853,000 |  |  | $ | 176,562,000 |
The following table summarizes the contractual maturities of investment securities at December 31, 2013:
| Securities available for sale |  | Securities to be held to maturity
| Amortized Cost |  | Fair Value (Estimated) |  | Amortized Cost |  | Fair Value (Estimated)
Due in 1 year or less | $ | 717,000 |  |  | $ | 721,000 |  |  | $ | 268,000 |  |  | $ | 273,000 |
Due in 1 to 5 years | 20,547,000 |  |  | 20,636,000 |  |  | 6,420,000 |  |  | 6,790,000 |
Due in 5 to 10 years | 16,114,000 |  |  | 16,267,000 |  |  | 33,442,000 |  |  | 33,828,000 |
Due after 10 years | 276,919,000 |  |  | 266,420,000 |  |  | 129,147,000 |  |  | 117,445,000 |
Equity securities | 1,666,000 |  |  | 1,780,000 |  |  | — |  |  | — |
| $ | 315,963,000 |  |  | $ | 305,824,000 |  |  | $ | 169,277,000 |  |  | $ | 158,336,000 |
The following table summarizes the contractual maturities of investment securities at March 31, 2013:
| Securities available for sale |  | Securities to be held to maturity
| Amortized Cost |  | Fair Value (Estimated) |  | Amortized Cost |  | Fair Value (Estimated)
Due in 1 year or less | $ | 13,854,000 |  |  | $ | 14,054,000 |  |  | $ | 3,034,000 |  |  | $ | 3,065,000 |
Due in 1 to 5 years | 24,804,000 |  |  | 25,288,000 |  |  | 22,651,000 |  |  | 23,118,000 |
Due in 5 to 10 years | 13,683,000 |  |  | 14,560,000 |  |  | 27,914,000 |  |  | 30,237,000 |
Due after 10 years | 224,029,000 |  |  | 230,895,000 |  |  | 97,192,000 |  |  | 100,132,000 |
Equity securities | 1,578,000 |  |  | 1,572,000 |  |  | — |  |  | — |
| $ | 277,948,000 |  |  | $ | 286,369,000 |  |  | $ | 150,791,000 |  |  | $ | 156,552,000 |
Schedule of Securities Gains and Losses | Gains and losses on the sale of securities available for sale are computed by subtracting the amortized cost at the time of sale from the security's selling price, net of accrued interest to be received. The following table shows securities gains and losses for the three months ended March 31, 2014 and 2013:
| For the three months ended March 31, |
| 2014 |  | 2013 |
Proceeds from sales of securities | $ | — |  |  | $ | 4,965,000 |  |
Gross realized gains | 36,000 |  |  | 299,000 |  |
Gross realized losses | — |  |  | — |  |
Net gain | $ | 36,000 |  |  | $ | 299,000 |  |
Related income taxes | $ | 13,000 |  |  | $ | 105,000 |  |
Schedule of Temporary Impairment Losses | Information regarding securities temporarily impaired as of March 31, 2014 is summarized below:
| Less than 12 months |  | 12 months or more |  | Total
| Fair Value (Estimated) |  | Unrealized Losses |  | Fair Value (Estimated) |  | Unrealized Losses |  | Fair Value (Estimated) |  | Unrealized Losses
U.S. Government-sponsored agencies | $ | 82,374,000 |  |  | $ | (9,131,000 | ) |  | $ | — |  |  | $ | — |  |  | $ | 82,374,000 |  |  | $ | (9,131,000 | )
Mortgage-backed securities | 81,618,000 |  |  | (2,758,000 | ) |  | 14,324,000 |  |  | (742,000 | ) |  | 95,942,000 |  |  | (3,500,000 | )
State and political subdivisions | 50,480,000 |  |  | (2,669,000 | ) |  | 18,918,000 |  |  | (2,210,000 | ) |  | 69,398,000 |  |  | (4,879,000 | )
Other equity securities | 67,000 |  |  | (2,000 | ) |  | 51,000 |  |  | (1,000 | ) |  | 118,000 |  |  | (3,000 | )
| $ | 214,539,000 |  |  | $ | (14,560,000 | ) |  | $ | 33,293,000 |  |  | $ | (2,953,000 | ) |  | $ | 247,832,000 |  |  | $ | (17,513,000 | )
As of December 31, 2013, there were 304 securities with unrealized losses held in the Company's portfolio. These securities were temporarily impaired as a result of changes in interest rates reducing their fair value, of which 32 had been temporarily impaired for 12 months or more. Information regarding securities temporarily impaired as of December 31, 2013 is summarized below:
| Less than 12 months |  | 12 months or more |  | Total
| Fair Value (Estimated) |  | Unrealized Losses |  | Fair Value (Estimated) |  | Unrealized Losses |  | Fair Value (Estimated) |  | Unrealized Losses
U.S. Government-sponsored agencies | $ | 78,724,000 |  |  | $ | (12,757,000 | ) |  | $ | — |  |  | $ | — |  |  | $ | 78,724,000 |  |  | $ | (12,757,000 | )
Mortgage-backed securities | 96,263,000 |  |  | (4,977,000 | ) |  | 5,451,000 |  |  | (131,000 | ) |  | 101,714,000 |  |  | (5,108,000 | )
State and political subdivisions | 69,406,000 |  |  | (7,895,000 | ) |  | 7,150,000 |  |  | (1,548,000 | ) |  | 76,556,000 |  |  | (9,443,000 | )
Other equity securities | — |  |  | — |  |  | 50,000 |  |  | (2,000 | ) |  | 50,000 |  |  | (2,000 | )
| $ | 244,393,000 |  |  | $ | (25,629,000 | ) |  | $ | 12,651,000 |  |  | $ | (1,681,000 | ) |  | $ | 257,044,000 |  |  | $ | (27,310,000 | )
As of March 31, 2013, there were 116 securities with unrealized losses held in the Company's portfolio. These securities were temporarily impaired as a result of changes in interest rates reducing their fair value, of which seven had been temporarily impaired for 12 months or more. Information regarding securities temporarily impaired as of March 31, 2013 is summarized below:
| Less than 12 months |  | 12 months or more |  | Total
| Fair Value (Estimated) |  | Unrealized Losses |  | Fair Value (Estimated) |  | Unrealized Losses |  | Fair Value (Estimated) |  | Unrealized Losses
U.S. Government-sponsored agencies | $ | 35,681,000 |  |  | $ | (289,000 | ) |  | $ | — |  |  | $ | — |  |  | $ | 35,681,000 |  |  | $ | (289,000 | )
Mortgage-backed securities | 23,546,000 |  |  | (457,000 | ) |  | 1,652,000 |  |  | (69,000 | ) |  | 25,198,000 |  |  | (526,000 | )
State and political subdivisions | 30,069,000 |  |  | (1,164,000 | ) |  | — |  |  | — |  |  | 30,069,000 |  |  | (1,164,000 | )
Other equity securities | — |  |  | — |  |  | 282,000 |  |  | (52,000 | ) |  | 282,000 |  |  | (52,000 | )
| $ | 89,296,000 |  |  | $ | (1,910,000 | ) |  | $ | 1,934,000 |  |  | $ | (121,000 | ) |  | $ | 91,230,000 |  |  | $ | (2,031,000 | )

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- Definition Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27357-111563 + Details
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