XML 60 R35.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Investments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2014
Investments [Abstract] |
Unrealized Gain (Loss) on Investments [Table Text Block] | The following table shows a comparison of amortized cost and fair values of investment securities at March 31, 2014 and December 31, 2013:
(in thousands) | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | OTTI in AOCI
March 31, 2014 |  |  |  |  |  |  |  |  |  |
Available for Sale: |  |  |  |  |  |  |  |  |  |
U.S. Treasuries | $ | 23,500 | $ | 0 | $ | 0* | $ | 23,500 | $ | 0
U.S. government agencies |  | 89,761 |  | 84 |  | 3,880 |  | 85,965 |  | 0
Residential mortgage-backed agencies |  | 113,815 |  | 347 |  | 3,710 |  | 110,452 |  | 0
Commercial mortgage-backed agencies |  | 39,296 |  | 63 |  | 1,021 |  | 38,338 |  | 0
Collateralized mortgage obligations |  | 29,498 |  | 75 |  | 573 |  | 29,000 |  | 0
Obligations of states and political subdivisions |  | 50,629 |  | 1,177 |  | 689 |  | 51,117 |  | 0
Collateralized debt obligations |  | 37,249 |  | 975 |  | 15,131 |  | 23,093 |  | 8,314
Total available for sale | $ | 383,748 | $ | 2,721 | $ | 25,004 | $ | 361,465 | $ | 8,314
* DeMinimus |  |  |  |  |  |  |  |  |  |
Held to Maturity: |  |  |  |  |  |  |  |  |  |
Obligations of states and political subdivisions | $ | 2,860 | $ | 0 | $ | 416 | $ | 2,444 | $ | 0
December 31, 2013 |  |  |  |  |  |  |  |  |  |
Available for Sale: |  |  |  |  |  |  |  |  |  |
U.S. government agencies | $ | 97,242 | $ | 14 | $ | 5,221 | $ | 92,035 | $ | 0
Residential mortgage-backed agencies |  | 116,933 |  | 334 |  | 4,823 |  | 112,444 |  | 0
Commercial mortgage-backed agencies |  | 31,025 |  | 14 |  | 1,134 |  | 29,905 |  | 0
Collateralized mortgage obligations |  | 30,468 |  | 84 |  | 1,162 |  | 29,390 |  | 0
Obligations of states and political subdivisions |  | 55,505 |  | 895 |  | 1,123 |  | 55,277 |  | 0
Collateralized debt obligations |  | 37,146 |  | 778 |  | 20,386 |  | 17,538 |  | 12,703
Total available for sale | $ | 368,319 | $ | 2,119 | $ | 33,849 | $ | 336,589 | $ | 12,703
Held to Maturity: |  |  |  |  |  |  |  |  |  |
Obligations of states and political subdivisions | $ | 3,900 | $ | 249 | $ | 559 | $ | 3,590 | $ | 0
Proceeds Fom Sales And Realized Gain And Losses [Table Text Block] | Proceeds from sales of securities and the realized gains and losses are as follows:
| Three Months Ended
| March 31,
(in thousands) | 2014 | 2013
Proceeds | $ | 8,585 | $ | 35,136
Realized gains |  | 95 |  | 412
Realized losses |  | 163 |  | 162
Gross Unrealized Losses And Fair Values Of Securities [Table Text Block] |
| Less than 12 months | 12 months or more
(in thousands) | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses
March 31, 2014 |  |  |  |  |  |  |  |
Available for Sale: |  |  |  |  |  |  |  |
U.S. Treasuries | $ | 12,000 | $ | 0* | $ | 0 | $ | 0
U.S. government agencies |  | 34,814 |  | 1,223 |  | 21,417 |  | 2,657
Residential mortgage-backed agencies |  | 22,928 |  | 937 |  | 52,347 |  | 2,773
Commercial mortgage-backed agencies |  | 25,570 |  | 634 |  | 4,732 |  | 387
Collateralized mortgage obligations |  | 20,448 |  | 573 |  | 0 |  | 0
Obligations of states and political subdivisions |  | 10,877 |  | 447 |  | 1,761 |  | 242
Collateralized debt obligations |  | 0 |  | 0 |  | 18,029 |  | 15,131
Total available for sale | $ | 126,637 | $ | 3,814 | $ | 98,286 | $ | 21,190
* DeMinimus |  |  |  |  |  |  |  |
Held to Maturity: |  |  |  |  |  |  |  |
Obligations of states and political subdivisions | $ | 0 | $ | 0 | $ | 2,444 | $ | 416
December 31, 2013 |  |  |  |  |  |  |  |
Available for Sale: |  |  |  |  |  |  |  |
U.S. government agencies | $ | 62,962 | $ | 3,154 | $ | 13,996 | $ | 2,067
Residential mortgage-backed agencies |  | 60,781 |  | 1,801 |  | 46,570 |  | 3,022
Commercial mortgage-backed agencies |  | 21,889 |  | 1,134 |  | 0 |  | 0
Collateralized mortgage obligations |  | 21,201 |  | 1,149 |  | 3,051 |  | 13
Obligations of states and political subdivisions |  | 15,422 |  | 1,123 |  | 0 |  | 0
Collateralized debt obligations |  | 0 |  | 0 |  | 16,434 |  | 20,386
Total available for sale | $ | 182,255 | $ | 8,361 | $ | 80,051 | $ | 25,488
Held to Maturity: |  |  |  |  |  |  |  |
Obligations of states and political subdivisions | $ | 0 | $ | 0 | $ | 2,301 | $ | 559
Non-Cash OTTI Credit Losses Recognized In Earnings [Table Text Block] | The following table present s a cumulative roll-forward of the amount of non-cash OTTI charges related to credit losses which have been recognized in earnings for the trust preferred securities in the CDO portfolio held and not intended to be sold for the three months ended March 31, 2014 and 2013:
| Three Months Ended March 31,
(in thousands) | 2014 | 2013
Balance of credit-related OTTI at January 1 | $ | 13,422 | $ | 13,959
Reduction for increases in cash flows expected to be collected |  | (160) |  | (125)
Balance of credit-related OTTI at March 31 | $ | 13,262 | $ | 13,834
Amortized Cost And Fair Values Classified By Contractual Maturity Date [Table Text Block] |
| March 31, 2014
(in thousands) | Amortized Cost | Fair Value
Contractual Maturity |  |  |  |
Available for sale: |  |  |  |
Due in one year or less | $ | 23,500 | $ | 23,500
Due after one year through five years |  | 30,407 |  | 30,188
Due after five years through ten years |  | 67,845 |  | 67,107
Due after ten years |  | 79,387 |  | 62,880
|  | 201,139 |  | 183,675
Residential mortgage-backed agencies |  | 113,815 |  | 110,452
Commercial mortgage-backed agencies |  | 39,296 |  | 38,338
Collateralized mortgage obligations |  | 29,498 |  | 29,000
| $ | 383,748 | $ | 361,465
Held to Maturity: |  |  |  |
Due after ten years | $ | 2,860 | $ | 2,444

X
- Details
Name: | us-gaap_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27340-111563 + Details
Name: | us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfRealizedGainLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27290-111563 + Details
Name: | us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of unrealized gains and losses on investments. + References No definition available. + Details
Name: | us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration