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Securities (Tables)
3 Months Ended
Mar. 31, 2013
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

 

 

 

(dollars in thousands)

 

March 31, 2013:

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

$

103,225

 

$

1,292

 

$

 

$

104,517

 

Obligations of U.S. government corporations and agencies

 

332,583

 

5,644

 

(16

)

338,211

 

Obligations of states and political subdivisions

 

276,195

 

5,819

 

(220

)

281,794

 

Residential mortgage-backed securities

 

190,989

 

7,105

 

 

198,094

 

Corporate debt securities

 

24,484

 

154

 

(10

)

24,628

 

Total debt securities

 

927,476

 

20,014

 

(246

)

947,244

 

Mutual funds and other equity securities

 

3,563

 

1,772

 

 

5,335

 

 

 

 

 

 

 

 

 

 

 

 

 

$

931,039

 

$

21,786

 

$

(246

)

$

952,579

 

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

 

 

Cost

 

Gains

 

Losses

 

Value

 

 

 

(dollars in thousands)

 

December 31, 2012:

 

 

 

 

 

 

 

 

 

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

 

Total debt securities

 

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

 

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

 

$

143,583

 

$

144,951

 

Due after one year through five years

 

518,792

 

527,045

 

Due after five years through ten years

 

202,954

 

209,884

 

Due after ten years

 

62,147

 

65,364

 

 

 

$

927,476

 

$

947,244

 

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

 

 

Less than 12 months

 

Greater than 12 months

 

Total

 

 

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

 

 

Value

 

Losses

 

Value

 

Losses

 

Value

 

Losses

 

 

 

(dollars in thousands)

 

March 31, 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities(1)

 

$

355

 

$

 

$

 

$

 

$

355

 

$

 

Obligations of U.S. government corporations and agencies

 

10,144

 

16

 

 

 

10,144

 

16

 

Obligations of states and political subdivisions

 

26,454

 

164

 

4,282

 

56

 

30,736

 

220

 

Corporate debt securities

 

7,159

 

10

 

 

 

7,159

 

10

 

Total temporarily impaired securities

 

$

44,112

 

$

190

 

$

4,282

 

$

56

 

$

48,394

 

$

246

 

 

(1)Unrealized loss was less than one thousand dollars.

 

 

 

Less than 12 months

 

Greater than 12 months

 

Total

 

 

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

 

 

Value

 

Losses

 

Value

 

Losses

 

Value

 

Losses

 

 

 

(dollars in thousands)

 

December 31, 2012:

 

 

 

 

 

 

 

 

 

 

 

 

 

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