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SECURITIES: (Tables)
12 Months Ended
Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]  
Amortized cost and fair value of investments classified as available-for-sale
The fair value of securities available-for-sale and related gross unrealized gains and losses recognized in accumulated other comprehensive income were as follows:
 
 
December 31, 2016
 
 
Amortized
 
Unrealized
 
 
(Dollar amounts in thousands)
 
Cost
 
Gains
 
Losses
 
Fair Value
U.S. Government entity mortgage-backed securities
 
$
13,594

 
$
32

 
$
(377
)
 
$
13,249

Mortgage-backed securities, residential
 
261,878

 
3,200

 
(4,073
)
 
261,005

Mortgage-backed securities, commercial
 
4

 

 

 
4

Collateralized mortgage obligations
 
353,499

 
1,021

 
(6,344
)
 
348,176

State and municipal obligations
 
217,365

 
3,954

 
(2,396
)
 
218,923

Collateralized debt obligations
 
9,181

 
4,411

 
(1,224
)
 
12,368

TOTAL
 
$
855,521

 
$
12,618

 
$
(14,414
)
 
$
853,725

 
 
December 31, 2015
 
 
Amortized
 
Unrealized
 
 
(Dollar amounts in thousands)
 
Cost
 
Gains
 
Losses
 
Fair Value
U.S. Government entity mortgage-backed securities
 
$
10,670

 
$
46

 
$
(23
)
 
$
10,693

Mortgage-backed securities, residential
 
208,705

 
5,089

 
(630
)
 
213,164

Mortgage-backed securities, commercial
 
9

 

 

 
9

Collateralized mortgage obligations
 
441,500

 
2,141

 
(6,007
)
 
437,634

State and municipal obligations
 
206,291

 
8,475

 
(59
)
 
214,707

Collateralized debt obligations
 
9,621

 
5,254

 

 
14,875

TOTAL
 
$
876,796

 
$
21,005

 
$
(6,719
)
 
$
891,082

Schedule Of Gross Gain Or Loss realised
Below is a summary of the gross gains and losses realized by the Corporation on investment sales and calls during the years ended December 31, 2016, 2015 and 2014, respectively.
(Dollar amounts in thousands)
 
2016
 
2015
 
2014
Proceeds
 
$
8,160

 
$
3,735

 
$
356

Gross gains
 
39

 
23

 
2

Gross losses
 
(5
)
 
(6
)
 
(5
)
Schedule of contractual maturities of debt securities
Contractual maturities of debt securities at year-end 2016 were as follows. Securities not due at a single maturity or with no maturity date, primarily mortgage-backed and collateralized mortgage obligations, are shown separately.
 
 
Available-for-Sale
 
 
Amortized
 
Fair
(Dollar amounts in thousands)
 
Cost
 
Value
Due in one year or less
 
$
3,504

 
$
3,528

Due after one but within five years
 
50,148

 
51,043

Due after five but within ten years
 
87,829

 
90,009

Due after ten years
 
98,659

 
99,960

 
 
240,140

 
244,540

Mortgage-backed securities and collateralized mortgage obligations
 
615,381

 
609,185

TOTAL
 
$
855,521

 
$
853,725

Schedule of gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in continuous unrealized loss position
The following tables show the securities' gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in continuous unrealized loss position, at December 31, 2016 and 2015.
 
 
December 31, 2016
 
 
Less Than 12 Months
 
More Than 12 Months
 
Total
 
 
 
 
Unrealized
 
 
 
Unrealized
 
 
 
Unrealized
(Dollar amounts in thousands)
 
Fair Value
 
Losses
 
Fair Value
 
Losses
 
Fair Value
 
Losses
U.S. Government entity mortgage-backed securities
 
$
12,224

 
$
(377
)
 

 

 
$
12,224

 
$
(377
)
Mortgage-backed securities, residential
 
202,248

 
(4,072
)
 
152

 
(1
)
 
202,400

 
(4,073
)
Collateralized mortgage obligations
 
169,717

 
(3,086
)
 
79,999

 
(3,258
)
 
249,716

 
(6,344
)
State and municipal obligations
 
72,852

 
(2,396
)
 

 

 
72,852

 
(2,396
)
Collateralized debt obligations
 
7,561

 
(1,224
)
 

 

 
7,561

 
(1,224
)
Total temporarily impaired securities
 
$
464,602

 
$
(11,155
)
 
$
80,151

 
$
(3,259
)
 
$
544,753

 
$
(14,414
)
 
 
 
December 31, 2015
 
 
Less Than 12 Months
 
More Than 12 Months
 
Total
 
 
 
 
Unrealized
 
 
 
Unrealized
 
 
 
Unrealized
(Dollar amounts in thousands)
 
Fair Value
 
Losses
 
Fair Value
 
Losses
 
Fair Value
 
Losses
U.S. Government entity mortgage-backed securities
 
$
9,455

 
$
(23
)
 
$

 
$

 
$
9,455

 
$
(23
)
Mortgage-backed securities, residential
 
69,940

 
(428
)
 
11,766

 
(202
)
 
81,706

 
(630
)
Collateralized mortgage obligations
 
151,484

 
(1,535
)
 
139,435

 
(4,472
)
 
290,919

 
(6,007
)
State and municipal obligations
 
3,547

 
(16
)
 
3,045

 
(43
)
 
6,592

 
(59
)
Total temporarily impaired securities
 
$
234,426

 
$
(2,002
)
 
$
154,246

 
$
(4,717
)
 
$
388,672

 
$
(6,719
)
Rollforward of the credit losses recognized in earnings
The table below presents a rollforward of the credit losses recognized in earnings for the years presented:
 
(Dollar amounts in thousands)
 
2016
 
2015
 
2014
Beginning balance, January 1,
 
$
13,995

 
$
14,050

 
$
14,079

Amounts related to credit loss for which other-than-
 
 

 
 

 
 

temporary impairment was not previously recognized
 

 

 

Amounts realized for securities sold during the period
 


 


 


Reductions for increase in cash flows expected to be collected
 
 

 
 

 
 

that are recognized over the remaining life of the security
 
(21
)
 
(55
)
 
(29
)
Increases to the amount related to the credit loss for which other-
 
 

 
 

 
 

than-temporary impairment was previously recognized
 

 

 

Ending balance, December 31,
 
$
13,974

 
$
13,995

 
$
14,050