Investment Securities (Tables)

6 Months Ended

Jun. 30, 2013

Investment Securities

Schedule of amortized cost and fair values of investment securities

	June 30, 2013
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
(In Thousands)	Cost		Gains		Losses			Value
Available for sale (AFS)
U.S. Government and agency securities	$	31,937	$	870	$	(293	)	$	32,514
State and political securities	164,477		4,611		(4,687		)	164,401
Other debt securities	103,860		933		(2,479		)	102,314
Total debt securities	300,274		6,414		(7,459		)	299,229
Financial institution equity securities	9,810		1,515		(4		)	11,321
Other equity securities	772		—		(33		)	739
Total equity securities	10,582		1,515		(37		)	12,060
Total investment securities AFS	$	310,856	$	7,929	$	(7,496	)	$	311,289

	December 31, 2012
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
(In Thousands)	Cost		Gains		Losses			Value
Available for sale (AFS)
U.S. Government and agency securities	$	24,475	$	1,384	$	(19	)	$	25,840
State and political securities	168,843		12,805		(1,424		)	180,224
Other debt securities	70,108		1,750		(259		)	71,599
Total debt securities	263,426		15,939		(1,702		)	277,663
Financial institution equity securities	8,422		1,140		(14		)	9,548
Other equity securities	2,068		74		(37		)	2,105
Total equity securities	10,490		1,214		(51		)	11,653
Total investment securities AFS	$	273,916	$	17,153	$	(1,753	)	$	289,316

Schedule of gross unrealized losses and fair value

	June 30, 2013
	Less than Twelve Months					Twelve Months or Greater					Total
			Gross					Gross					Gross
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
(In Thousands)	Value		Losses			Value		Losses			Value		Losses
U.S. Government and agency securities	$	15,150	$	(293	)	$	—	$	—		$	15,150	$	(293	)
State and political securities	41,588		(3,019		)	4,327		(1,668		)	45,915		(4,687		)
Other debt securities	60,578		(2,457		)	728		(22		)	61,306		(2,479		)
Total debt securities	117,316		(5,769		)	5,055		(1,690		)	122,371		(7,459		)
Financial institution equity securities	—		—			63		(4		)	63		(4		)
Other equity securities	739		(33		)	—		—			739		(33		)
Total equity securities	739		(33		)	63		(4		)	802		(37		)
Total	$	118,055	$	(5,802	)	$	5,118	$	(1,694	)	$	123,173	$	(7,496	)

	December 31, 2012
	Less than Twelve Months					Twelve Months or Greater					Total
			Gross					Gross					Gross
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
(In Thousands)	Value		Losses			Value		Losses			Value		Losses
U.S. Government and agency securities	$	910	$	(19	)	$	—	$	—		$	910	$	(19	)
State and political securities	8,882		(316		)	5,647		(1,108		)	14,529		(1,424		)
Other debt securities	11,250		(189		)	3,727		(70		)	14,977		(259		)
Total debt securities	21,042		(524		)	9,374		(1,178		)	30,416		(1,702		)
Financial institution equity securities	66		(1		)	205		(13		)	271		(14		)
Other equity securities	701		(28		)	63		(9		)	764		(37		)
Total equity securities	767		(29		)	268		(22		)	1,035		(51		)
Total	$	21,809	$	(553	)	$	9,642	$	(1,200	)	$	31,451	$	(1,753	)

Schedule of amortized cost and fair value of debt securities by contractual maturity

The amortized cost and fair value of debt securities at June 30, 2013, by contractual maturity, are shown below.

(In Thousands)	Amortized Cost		Fair Value
Due in one year or less	$	6,180	$	6,197
Due after one year to five years	41,234		41,746
Due after five years to ten years	87,544		85,721
Due after ten years	165,316		165,565
Total	$	300,274	$	299,229

Schedule of gross realized gains and losses

	Three Months Ended June 30,				Six Months Ended June 30,
(In Thousands)	2013		2012		2013		2012
Gross realized gains:
U.S. Government and agency securities	$	—	$	—	$	—	$	138
State and political securities	1,062		45		1,641		51
Other debt securities	178		22		299		77
Financial institution equity securities	—		106		130		461
Other equity securities	34		—		250		126
Total gross realized gains	$	1,274	$	173	$	2,320	$	853
Gross realized losses:
U.S. Government and agency securities	$	—	$	—	$	—	$	—
State and political securities	—		2		60		2
Other debt securities	—		—		—		—
Financial institution equity securities	—		1		—		67
Other equity securities	—		—		—		25
Total gross realized losses	$	—	$	3	$	60	$	94