INVESTMENT SECURITIES (Tables)

9 Months Ended

Sep. 30, 2014

Investments, Debt and Equity Securities [Abstract]

Amortized Cost and Estimated Fair Value of Securities Available for Sale

The amortized cost and estimated fair value of investment securities available for sale at September 30, 2014, December 31, 2013 and September 30, 2013 are presented below:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(Dollars in Thousands)
September 30, 2014:
U. S. government agencies	$	14,951	$	—	$	(491	)	$	14,460
State, county and municipal securities		134,641		3,708		(714	)		137,635
Corporate debt securities		10,801		237		(73	)		10,965
Mortgage-backed securities		364,399		4,493		(2,443	)		366,449
Total securities	$	524,792	$	8,438	$	(3,721	)	$	529,509

Gains and Losses on Sales of Securities Available for Sale

The following table is a summary of sales activities in the Company’s investment securities available for sale for the nine months ended September 30, 2014, year ended December 31, 2013 and nine months ended September 30, 2013:

	September 30, 2014			December 31, 2013			September 30, 2013
	(Dollars in Thousands)
Gross gains on sales of securities	$	141		$	353		$	353
Gross losses on sales of securities		(3	)		(182	)		(182	)
Net realized gains on sales of securities available for sale	$	138		$	171		$	171
Sales proceeds	$	92,975		$	36,669		$	36,669