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INVESTMENT SECURITIES (Tables)
9 Months Ended
Sep. 30, 2013
Investments, Debt and Equity Securities [Abstract]  
Schedule of amortized cost, gross unrealized gains and losses, and fair value of investment securities
The following tables summarize the amortized cost, gross unrealized gains and losses, and fair value of investment securities available for sale and held to maturity by major classification.
 
 
September 30, 2013
 
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
Securities available for sale:
 
 

 
 

 
 

 
 

U.S. government-sponsored enterprise securities
 
$
14,822

 
$

 
$
106

 
$
14,716

SBA-guaranteed securities
 
68,749

 
34

 
614

 
68,169

Residential mortgage-backed securities (MBS)
 
222,523

 
113

 
8,133

 
214,503

Corporate bonds
 
97,518

 
1,546

 
527

 
98,537

Commercial MBS
 
5,968

 
82

 

 
6,050

Municipal obligations - non-taxable
 
600

 
1

 

 
601

Other debt securities
 
253

 

 

 
253

Marketable equity securities
 
677

 
394

 

 
1,071

Total securities available for sale
 
$
411,110

 
$
2,170

 
$
9,380

 
$
403,900

 
 
 
 
 
 
 
 
 
Securities held to maturity:  
 
 
 
 
 
 
 
 
Corporate bonds
 
$
208

 
$
288

 
$

 
$
496

 
 
 
December 31, 2012
 
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
Securities available for sale:
 
 

 
 

 
 

 
 

Residential MBS
 
$
76,249

 
$
574

 
$
46

 
$
76,777

Corporate bonds
 
30,861

 
1,697

 
50

 
32,508

Commercial MBS
 
6,612

 
273

 

 
6,885

Municipal obligations – non-taxable
 
15,492

 
709

 

 
16,201

Municipal obligations – taxable
 
2,583

 
142

 

 
2,725

Other debt securities
 
1,083

 
74

 

 
1,157

Marketable equity securities
 
37

 
21

 

 
58

Total securities available for sale
 
$
132,917

 
$
3,490

 
$
96

 
$
136,311

 
 
 
 
 
 
 
 
 
Securities held to maturity:  
 
 
 
 
 
 
 
 
Corporate bonds
 
$
180

 
$
230

 
$

 
$
410

Schedule of gross unrealized losses and fair values of securities in a continuous unrealized loss position
The following tables summarize gross unrealized losses and fair values, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position. 
 
 
Less Than 12 Months
 
12 Months or More
 
Total
 
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
September 30, 2013
 
 
 
 
 
 
 
 
 
 
 
 
U.S. government-sponsored enterprise securities
 
$
14,716

 
$
106

 
$

 
$

 
$
14,716

 
$
106

SBA-guaranteed securities
 
61,297

 
614

 

 

 
61,297

 
614

Residential MBS
 
209,097

 
8,133

 

 

 
209,097

 
8,133

Corporate bonds
 
38,063

 
527

 

 

 
38,063

 
527

Total temporarily impaired securities
 
$
323,173

 
$
9,380

 
$

 
$

 
$
323,173

 
$
9,380

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
Residential MBS
 
$
28,802

 
$
46

 
$

 
$

 
$
28,802

 
$
46

Corporate bonds
 
2,013

 
50

 

 

 
2,013

 
50

Total temporarily impaired securities
 
$
30,815

 
$
96

 
$

 
$

 
$
30,815

 
$
96

Schedule of amortized cost and fair value by contractual maturity
The amortized cost and fair values of securities available for sale, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. 
 
September 30, 2013
 
December 31, 2012
 
Amortized
Cost
 
Fair
Value
 
Amortized
Cost
 
Fair
Value
Securities available for sale:
 
 
 
 
 
 
 
Due within one year
$
1,282

 
$
1,284

 
$
13,327

 
$
13,420

Due after one year through five years
183,277

 
183,229

 
78,671

 
81,064

Due after five years through ten years
158,304

 
152,479

 
24,039

 
24,669

Due after ten years
67,570

 
65,837

 
16,843

 
17,100

Equity securities
677

 
1,071

 
37

 
58

 
$
411,110

 
$
403,900

 
$
132,917

 
$
136,311

Securities held to maturity:  
 
 
 
 
 
 
 
Due after five years through ten years
$
208

 
$
496

 
$
180

 
$
410


The following table summarizes securities gains (losses) for the periods presented.
 
Successor
Company
 
Successor
Company
 
 
Predecessor
Company
 
Three Months Ended
September 30, 2013
 
Three Months Ended
September 30, 2012
 
Nine Months Ended
September 30, 2013
 
Period from February 1 to September 30, 2012
 
 
Period from January 1 to January 31, 2012
 
 
 
 
 
 
 
 
 
 
 
Gross gains on sales of securities available for sale
$

 
$
483

 
$
1,249

 
$
755

 
 
$

Gross losses on sales of securities available for sale

 

 
(34
)
 
(107
)
 
 

Total securities gains
$

 
$
483

 
$
1,215

 
$
648

 
 
$