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Securities (Tables)
12 Months Ended
Dec. 31, 2012
Securities  
Schedule of amortized cost, unrealized gains and losses and fair values of securities classified available for sale

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

 

 

Cost

 

Gains

 

Losses

 

Value

 

December 31, 2012:

 

(dollars in thousands)

 

U.S. Treasury securities

 

$

103,353

 

$

1,303

 

$

 

$

104,656

 

Obligations of U.S. government corporations and agencies

 

363,583

 

6,616

 

(5

)

370,194

 

Obligations of states and political subdivisions

 

274,350

 

6,176

 

(238

)

280,288

 

Residential mortgage-backed securities

 

210,139

 

7,576

 

 

217,715

 

Corporate debt securities

 

24,601

 

139

 

(26

)

24,714

 

 

 

976,026

 

21,810

 

(269

)

997,567

 

Mutual funds and other equity securities

 

2,451

 

1,479

 

 

3,930

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 978,477

 

$

23,289

 

$

(269

)

$

1,001,497

 

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

 

 

Cost

 

Gains

 

Losses

 

Value

 

December 31, 2011:

 

(dollars in thousands)

 

U.S. Treasury securities

 

$

45,550

 

$

485

 

$

 

$

46,035

 

Obligations of U.S. government corporations and agencies

 

339,983

 

9,083

 

(35

)

349,031

 

Obligations of states and political subdivisions

 

149,368

 

5,193

 

(124

)

154,437

 

Residential mortgage-backed securities

 

271,787

 

6,374

 

(46

)

278,115

 

Corporate debt securities

 

2,532

 

73

 

(22

)

2,583

 

 

 

809,220

 

21,208

 

(227

)

830,201

 

Mutual funds and other equity securities

 

219

 

1,329

 

 

1,548

 

 

 

 

 

 

 

 

 

 

 

 

 

$

809,439

 

$

22,537

 

$

(227

)

$

831,749

 

Schedule of amortized cost and fair value of debt securities available for sale by contractual maturity

 

 

Amortized

 

Fair

 

 

 

Cost

 

Value

 

 

 

(dollars in thousands)

 

Due in one year or less

 

$

140,695

 

$

141,997

 

Due after one year through five years

 

548,425

 

557,505

 

Due after five years through ten years

 

217,700

 

225,070

 

Due after ten years

 

69,206

 

72,995

 

 

 

$

976,026

 

$

997,567

 

Schedule of realized gains and losses related to sales of securities

 

 

For the Years Ended December 31,

 

 

 

2012

 

2011

 

2010

 

 

 

(dollars in thousands)

 

Gross security gains

 

$

1,602

 

$

174

 

$

1,025

 

Gross security (losses)

 

(5

)

(4

)

(7

)

 

 

 

 

 

 

 

 

Net security gains

 

$

1,597

 

$

170

 

$

1,018

 

Schedule of securities with gross unrealized losses aggregated by investment category and length of time that individual securities have been in continuous loss position

 

 

Continuous unrealized losses 
existing for less than 12 
months, gross

 

Continuous unrealized losses 
existing greater than 12 
months, gross

 

Total, gross

 

 

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

 

 

Value

 

Losses

 

Value

 

Losses

 

Value

 

Losses

 

December 31, 2012:

 

(dollars in thousands)

 

Obligations of U.S. government corporations and agencies

 

$

10,155

 

$

5

 

$

 

$

 

$

10,155

 

$

5

 

Obligations of states and political subdivisions

 

37,958

 

189

 

3,311

 

49

 

41,269

 

238

 

Corporate debt securities

 

15,207

 

26

 

 

 

15,207

 

26

 

Total temporarily impaired securities

 

$

63,320

 

$

220

 

$

3,311

 

$

49

 

$

66,631

 

$

269

 

 

 

 

Continuous unrealized losses 
existing for less than 12 
months, gross

 

Continuous unrealized losses 
existing greater than 12 
months, gross

 

Total, gross

 

 

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

 

 

Value

 

Losses

 

Value

 

Losses

 

Value

 

Losses

 

December 31, 2011:

 

(dollars in thousands)

 

Obligations of U.S. government corporations and agencies

 

$

15,615

 

$

35

 

$

 

$

 

$

15,615

 

$

35

 

Obligations of states and political subdivisions

 

21,037

 

124

 

 

 

21,037

 

124

 

Residential mortgage-backed securities

 

16,428

 

46

 

 

 

16,428

 

46

 

Corporate debt securities

 

455

 

22

 

 

 

 

 

455

 

22

 

Total temporarily impaired securities

 

$

53,535

 

$

227

 

$

 

$

 

$

53,535

 

$

227