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Securities (Tables)
12 Months Ended
Dec. 31, 2014
Investments [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 were as follows:
 
Securities Available-for-Sale:
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
2014
 
 

 
 

 
 

 
 

U.S. Treasury and Agency Securities
 
$
20,000

 
$

 
$
(439
)
 
$
19,561

Obligations of State and Political Subdivisions
 
147,321

 
6,515

 
(59
)
 
153,777

Mortgage-backed Securities – Residential
 
458,709

 
3,615

 
(5,020
)
 
457,304

Equity Securities
 
353

 

 

 
353

Total
 
$
626,383

 
$
10,130

 
$
(5,518
)
 
$
630,995

 
 
 
 
 
 
 
 
 
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

Schedule of Securities Held-to-Maturity
The carrying amount, unrecognized gains and losses and fair value of Securities Held-to-Maturity were as follows:
 
Securities Held-to-Maturity:
 
Carrying Amount
 
Gross Unrecognized Gains
 
Gross Unrecognized Losses
 
Fair Value
2014
 
 

 
 

 
 

 
 

Obligations of State and Political Subdivisions
 
$
184

 
$
2

 
$

 
$
186

 
 
 
 
 
 
 
 
 
2013
 
 

 
 

 
 

 
 

Obligations of State and Political Subdivisions
 
$
268

 
$
3

 
$

 
$
271

Schedule of Securities by Contractual Maturity
The amortized cost and fair value of Securities at December 31, 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.
 
 
 
Amortized
Cost
 
Fair
Value
Securities Available-for-Sale:
 
 

 
 

Due in one year or less
 
$
3,768

 
$
3,815

Due after one year through five years
 
17,960

 
17,895

Due after five years through ten years
 
72,853

 
75,597

Due after ten years
 
72,740

 
76,031

Mortgage-backed Securities - Residential
 
458,709

 
457,304

Equity Securities
 
353

 
353

Total
 
$
626,383

 
$
630,995


 
 
Carrying
Amount
 
Fair
Value
Securities Held-to-Maturity:
 
 

 
 

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

Schedule of Proceeds from the Sales of Securities
Proceeds from the Sales of Securities are summarized below: 
 
 
2014
 
2013
 
2012
 
 
Available-
for-Sale
 
Available-
for-Sale
 
Available-
for-Sale
 
 
 
 
 
 
 
Proceeds from Sales
 
$
60,164

 
$
162,344

 
$
92,344

Gross Gains on Sales
 
1,481

 
2,086

 
1,667

 
 
 
 
 
 
 
Income Taxes on Gross Gains
 
518

 
730

 
583

Schedule of Securities with Unrealized Losses
Below is a summary of securities with unrealized losses as of year-end 2014 and 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
 
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
At December 31, 2014
 
 

 
 

 
 

 
 

 
 

 
 

U.S. Treasury and Agency Securities
 
$

 
$

 
$
19,561

 
$
(439
)
 
$
19,561

 
$
(439
)
Obligations of State and Political Subdivisions
 
3,765

 
(25
)
 
4,298

 
(34
)
 
8,063

 
(59
)
Mortgage-backed Securities - Residential
 
26,606

 
(191
)
 
209,679

 
(4,829
)
 
236,285

 
(5,020
)
Equity Securities
 

 

 

 

 

 

Total
 
$
30,371

 
$
(216
)
 
$
233,538

 
$
(5,302
)
 
$
263,909

 
$
(5,518
)

 
 
Less than 12 Months
 
12 Months or More
 
Total
 
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
At December 31, 2013
 
 

 
 

 
 

 
 

 
 

 
 

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
)