Securities (Tables)

9 Months Ended

Sep. 30, 2017

Investments, Debt and Equity Securities [Abstract]

Schedule of Securities Available-for-Sale

The amortized cost, unrealized gross gains and losses recognized in accumulated other comprehensive income (loss), and fair value of Securities Available-for-Sale at September 30, 2017 and December 31, 2016, were as follows:

Securities Available-for-Sale:	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
September 30, 2017
Obligations of State and Political Subdivisions	$	258,244	$	8,822	$	(570	)	$	266,496
MBS/CMO - Residential	478,595		1,189		(4,923		)	474,861
Equity Securities	353		—		—			353
Total	$	737,192	$	10,011	$	(5,493	)	$	741,710
December 31, 2016
Obligations of State and Political Subdivisions	$	247,350	$	3,847	$	(3,678	)	$	247,519
MBS/CMO - Residential	471,852		480		(10,418		)	461,914
Equity Securities	353		—		—			353
Total	$	719,555	$	4,327	$	(14,096	)	$	709,786

Schedule of Securities by Contractual Maturity

The amortized cost and fair value of securities at September 30, 2017 by contractual maturity are shown below. Expected maturities may differ from contractual maturities because some issuers have the right to call or prepay certain obligations with or without call or prepayment penalties. Mortgage-backed and Equity Securities are not due at a single maturity date and are shown separately in the table below.

Securities Available-for-Sale:	Amortized Cost		Fair Value
Due in one year or less	$	1,680	$	1,699
Due after one year through five years	19,818		20,716
Due after five years through ten years	78,342		81,862
Due after ten years	158,404		162,219
MBS/CMO - Residential	478,595		474,861
Equity Securities	353		353
Total	$	737,192	$	741,710

Schedule of Proceeds from the Sales of Securities

Proceeds from the Sales of Securities are summarized below:

	Three Months Ended		Three Months Ended
	September 30, 2017		September 30, 2016
Proceeds from Sales	$	48,343	$	36,112
Gross Gains on Sales	575		458
Income Taxes on Gross Gains	201		160

	Nine Months Ended		Nine Months Ended
	September 30, 2017		September 30, 2016
Proceeds from Sales	$	48,343	$	141,451
Gross Gains on Sales	575		1,426
Income Taxes on Gross Gains	201		499

Schedule of Securities with Unrealized Losses

Below is a summary of securities with unrealized losses as of September 30, 2017 and December 31, 2016, presented by length of time the securities have been in a continuous unrealized loss position:

	Less than 12 Months					12 Months or More					Total
September 30, 2017	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
Obligations of State and Political Subdivisions	$	33,584	$	(337	)	$	6,115	$	(233	)	$	39,699	$	(570	)
MBS/CMO - Residential	294,132		(3,665		)	47,985		(1,258		)	342,117		(4,923		)
Equity Securities	—		—			—		—			—		—
Total	$	327,716	$	(4,002	)	$	54,100	$	(1,491	)	$	381,816	$	(5,493	)

	Less than 12 Months					12 Months or More					Total
December 31, 2016	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
Obligations of State and Political Subdivisions	$	108,918	$	(3,678	)	$	—	$	—		$	108,918	$	(3,678	)
MBS/CMO - Residential	356,040		(8,782		)	47,271		(1,636		)	403,311		(10,418		)
Equity Securities	—		—			—		—			—		—
Total	$	464,958	$	(12,460	)	$	47,271	$	(1,636	)	$	512,229	$	(14,096	)