Investment Securities (Tables)

6 Months Ended

Jun. 30, 2016

Amortized cost and fair value of the securities available for sale

The amortized cost and fair value of the securities available for sale are as follows:

(dollars in thousands)	June 30, 2016
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value

U.S. government sponsored enterprises	$	116,505		90		-		116,595
State and political subdivisions		955		19		-		974
Mortgage backed securities and collateralized mortgage obligations - residential		400,527		3,625		14		404,138
Small Business Administration- guaranteed participation securities		87,102		710		72		87,740
Mortgage backed securities and collateralized mortgage obligations - commercial		10,284		90		-		10,374
Other		650		-		-		650
Total debt securities		616,023		4,534		86		620,471
Equity securities		35		-		-		35
Total securities available for sale	$	616,058		4,534		86		620,506

(dollars in thousands)	December 31, 2015
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value

U.S. government sponsored enterprises	$	86,899		19		181		86,737
State and political subdivisions		1,270		20		-		1,290
Mortgage backed securities and collateralized mortgage obligations - residential		416,625		430		5,326		411,729
Small Business Administration- guaranteed participation securities		92,620		-		2,204		90,416
Mortgage backed securities and collateralized mortgage obligations - commercial		10,422		-		242		10,180
Other		650		-		-		650
Total debt securities		608,486		469		7,953		601,002
Equity securities		35		-		-		35
Total securities available for sale	$	608,521		469		7,953		601,037

Proceeds from sales and calls of securities available for sale, gross realized gains and gross realized losses

The proceeds from sales and calls of securities available for sale, gross realized gains and gross realized losses from sales and calls during the three months and six months ended June 30, 2016 and 2015 are as follows:

(dollars in thousands)	Three months ended June 30,
	2016		2015

Proceeds from sales	$	44,829		-
Proceeds from calls		40,808		27,499
Gross realized gains		668		-
Gross realized losses		-		-

(dollars in thousands)	Six months ended June 30,
	2016		2015

Proceeds from sales	$	44,829		22,945
Proceeds from calls		89,721		55,659
Gross realized gains		668		249
Gross realized losses		-		-

Amortized cost and fair value of the held to maturity securities

The amortized cost and fair value of the held to maturity securities are as follows:

(dollars in thousands)	June 30, 2016
	Amortized Cost		Gross Unrecognized Gains		Gross Unrecognized Losses		Fair Value

Mortgage backed securities and collateralized mortgage obligations - residential	$	40,702		2,676		-		43,378
Corporate bonds		9,982		530		-		10,512
Total held to maturity	$	50,684		3,206		-		53,890

(dollars in thousands)	December 31, 2015
	Amortized Cost		Gross Unrecognized Gains		Gross Unrecognized Losses		Fair Value

Mortgage backed securities and collateralized mortgage obligations - residential	$	46,490		2,308		-		48,798
Corporate bonds		9,975		666		-		10,641
Total held to maturity	$	56,465		2,974		-		59,439

Securities Available for Sale [Member]

Investment [Line Items]

Debt securities based on the securities contractual maturity

The following table distributes the debt securities included in the available for sale portfolio as of June 30, 2016, based on the securities’ final maturity. Actual maturities may differ because of securities prepayments and the right of certain issuers to call or prepay their obligations without penalty. Securities not due at a single maturity date are presented separately:

(dollars in thousands)	Amortized Cost		Fair Value
Due in one year or less	$	1,407		1,408
Due in one year through five years		76,137		76,219
Due after five years through ten years		40,557		40,583
Due after ten years		9		9
Mortgage backed securities and collateralized mortgage obligations - residential		400,527		404,138
Small Business Administration- guaranteed participation securities		87,102		87,740
Mortgage backed securities and collateralized mortgage obligations - commercial		10,284		10,374
	$	616,023		620,471

Gross unrealized losses on investment securities and the related fair values aggregated by the length of time that individual securities have been in an unrealized loss position

Gross unrealized losses on securities available for sale and the related fair values aggregated by the length of time that individual securities have been in an unrealized loss position, were as follows:

(dollars in thousands)	June 30, 2016
	Less than 12 months				12 months or more				Total
	Fair Value		Gross Unreal. Loss		Fair Value		Gross Unreal. Loss		Fair Value		Gross Unreal. Loss
Mortgage backed securities and collateralized mortgage obligations - residential		-		-		15,203		14		15,203		14
Small Business Administration- guaranteed participation securities		-		-		15,376		72		15,376		72

Total	$	-		-		30,579		86		30,579		86

(dollars in thousands)	December 31, 2015
	Less than 12 months				12 months or more				Total
	Fair Value		Gross Unreal. Loss		Fair Value		Gross Unreal. Loss		Fair Value		Gross Unreal. Loss
U.S. government sponsored enterprises	$	41,786		113		9,932		68		51,718		181
Mortgage backed securities and collateralized mortgage obligations - residential		187,605		2,147		167,549		3,179		355,153		5,326
Small Business Administration- guaranteed participation securities		7,529		111		82,888		2,093		90,417		2,204
Mortgage backed securities and collateralized mortgage obligations - commercial		5,553		130		4,627		112		10,180		242

Total	$	242,473		2,501		264,996		5,452		507,468		7,953

Held to Maturity Securities [Member]

Investment [Line Items]

Debt securities based on the securities contractual maturity

The following table distributes the debt securities included in the held to maturity portfolio as of June 30, 2016, based on the securities’ final maturity. Actual maturities may differ because of securities prepayments and the right of certain issuers to call or prepay their obligations without penalty. Securities not due at a single maturity date are presented separately:

(dollars in thousands)	Amortized Cost		Fair Value
Due in one year through five years	$	9,982		10,512
Mortgage backed securities and collateralized mortgage obligations - residential		40,702		43,378
	$	50,684		53,890

- Definition

Tabular disclosure of all investments in certain debt and equity securities for which the entity has the positive intent and ability to hold until maturity.

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