Securities (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of Investments [Abstract]

Amortized Cost, Unrealized Gross Gains and Losses Recognized in Accumulated Other Comprehensive Income (Loss), and Fair Value 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 June 30, 2014 and December 31, 2013, were as follows:

Securities Available-for-Sale:	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
June 30, 2014
U.S. Treasury and Agency Securities	$	20,000	$	—	$	(679	)	$	19,321
Obligations of State and Political Subdivisions	125,265		4,850		(159		)	129,956
Mortgage-backed Securities - Residential	469,919		3,733		(7,890		)	465,762
Equity Securities	353		—		—			353
Total	$	615,537	$	8,583	$	(8,728	)	$	615,392
December 31, 2013
U.S. Treasury and Agency Securities	$	20,000	$	—	$	(1,048	)	$	18,952
Obligations of State and Political Subdivisions	112,008		2,388		(899		)	113,497
Mortgage-backed Securities - Residential	481,724		3,497		(11,991		)	473,230
Equity Securities	353		—		—			353
Total	$	614,085	$	5,885	$	(13,938	)	$	606,032

Carrying Amount, Unrecognized Gains and Losses and Fair Value of Securities Held-to-Maturity

The carrying amount, unrecognized gains and losses and fair value of Securities Held-to-Maturity at June 30, 2014 and December 31, 2013, were as follows:

Securities Held-to-Maturity:	Carrying Amount		Gross Unrecognized Gains		Gross Unrecognized Losses		Fair Value
June 30, 2014
Obligations of State and Political Subdivisions	$	184	$	2	$	—	$	186
December 31, 2013
Obligations of State and Political Subdivisions	$	268	$	3	$	—	$	271

Amortized Cost and Fair Value of Securities by Contractual Maturity

The amortized cost and fair value of Securities at June 30, 2014 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.

Securities Available-for-Sale:	Amortized Cost		Fair Value
Due in one year or less	$	3,685	$	3,720
Due after one year through five years	20,649		20,574
Due after five years through ten years	62,544		64,374
Due after ten years	58,387		60,609
Mortgage-backed Securities - Residential	469,919		465,762
Equity Securities	353		353
Total	$	615,537	$	615,392

Securities Held-to-Maturity:	Carrying Amount		Fair Value
Due in one year or less	$	—	$	—
Due after one year through five years	184		186
Due after five years through ten years	—		—
Due after ten years	—		—
Total	$	184	$	186

Proceeds from the sales of Available-for-Sale Securities

Proceeds from the Sales of Securities are summarized below:

	Three Months Ended		Three Months Ended
	June 30, 2014		June 30, 2013
Proceeds from Sales	$	6,983	$	25,972
Gross Gains on Sales	244		467
Income Taxes on Gross Gains	85		163

	Six Months Ended		Six Months Ended
	June 30, 2014		June 30, 2013
Proceeds from Sales	$	7,237	$	100,721
Gross Gains on Sales	472		1,080
Income Taxes on Gross Gains	165		378

Summary of Securities with Unrealized Losses, Presented by Length of Time Securities Have Been in Continuous Unrealized Loss Position

Below is a summary of securities with unrealized losses as of June 30, 2014 and December 31, 2013, presented by length of time the securities have been in a continuous unrealized loss position:

	Less than 12 Months					12 Months or More					Total
June 30, 2014	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Treasury and Agency Securities	$	—	$	—		$	19,321	$	(679	)	$	19,321	$	(679	)
Obligations of State and Political Subdivisions	7,935		(33		)	4,835		(126		)	12,770		(159		)
Mortgage-backed Securities - Residential	80,549		(762		)	232,035		(7,128		)	312,584		(7,890		)
Equity Securities	—		—			—		—			—		—
Total	$	88,484	$	(795	)	$	256,191	$	(7,933	)	$	344,675	$	(8,728	)

	Less than 12 Months					12 Months or More					Total
December 31, 2013	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Treasury and Agency Securities	$	18,952	$	(1,048	)	$	—	$	—		$	18,952	$	(1,048	)
Obligations of State and Political Subdivisions	38,878		(899		)	—		—			38,878		(899		)
Mortgage-backed Securities - Residential	346,028		(11,903		)	1,735		(88		)	347,763		(11,991		)
Equity Securities	—		—			—		—			—		—
Total	$	403,858	$	(13,850	)	$	1,735	$	(88	)	$	405,593	$	(13,938	)