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Securities (Tables)
6 Months Ended
Jun. 30, 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)

 

June 30, 2013:

 

 

 

U.S. Treasury securities

 

$

 

103,097

 

$

301

 

$

(223

)

$

103,175

 

Obligations of U.S. government corporations and agencies

 

311,442

 

3,723

 

(525

)

314,640

 

Obligations of states and political subdivisions

 

294,299

 

3,462

 

(2,694

)

295,067

 

Residential mortgage-backed securities

 

173,456

 

4,022

 

(237

)

177,241

 

Corporate debt securities

 

24,439

 

87

 

(90

)

24,436

 

Total debt securities

 

906,733

 

11,595

 

(3,769

)

914,559

 

Mutual funds and other equity securities

 

5,029

 

1,977

 

 

7,006

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

911,762

 

$

 

13,572

 

$

(3,769

)

$

921,565

 

 

 

 

 

 

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

 

$

160,492

 

$

161,813

 

Due after one year through five years

 

494,329

 

497,057

 

Due after five years through ten years

 

195,331

 

197,695

 

Due after ten years

 

56,581

 

57,994

 

 

 

$

906,733

 

$

914,559

 

Schedule of realized gains and losses related to sales of securities

 

 

Three Months Ended June 30,

 

 

 

2013

 

2012

 

 

 

(dollars in thousands)

 

 

 

 

 

 

 

Gross security gains

 

$

 

$

64

 

Gross security (losses)

 

 

 

Net security gains

 

$

 

$

64

 

 

 

 

Six Months Ended June 30,

 

 

 

2013

 

2012

 

 

 

(dollars in thousands)

 

 

 

 

 

 

 

Gross security gains

 

$

 

$

64

 

Gross security (losses)

 

 

 

Net security gains

 

$

 

$

64

 

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)

 

June 30, 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

$

51,050

 

$

223

 

$

 

$

 

$

51,050

 

$

223

 

Obligations of U.S. government corporations and agencies

 

25,119

 

525

 

 

 

25,119

 

525

 

Obligations of states and political subdivisions

 

129,570

 

2,617

 

4,489

 

77

 

134,059

 

2,694

 

Residential mortgage-backed securities

 

12,829

 

237

 

 

 

12,829

 

237

 

Corporate debt securities

 

20,186

 

90

 

 

 

20,186

 

90

 

Total temporarily impaired securities

 

$

238,754

 

$

3,692

 

$

4,489

 

$

77

 

$

243,243

 

$

3,769

 

 

 

 

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