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SECURITIES (Tables)
12 Months Ended
Dec. 31, 2012
SECURITIES  
Schedule of the fair value of securities available for sale and related gross unrealized gains and losses recognized in accumulated other comprehensive income

 

 
  Amortized Cost
  Gross Unrealized Gains
  Gross Unrealized Losses
  Fair Value
 
   

As of December 31, 2012

                         

Available for Sale

                         

U. S. government agency

  $ 1,600   $ 38   $   $ 1,638  

State and municipal

    310,552     27,484     (97 )   337,939  

Mortgage-backed securities-residential (Government Sponsored Entity)

    219,352     7,711     (8 )   227,055  

Collateralized mortgage obligations (Government Sponsored Entity)

    322,758     4,604     (139 )   327,223  

Equity securities

    4,939             4,939  

Other securities

    3,558         (11 )   3,547  
       

Total available for sale

  $ 862,759   $ 39,837   $ (255 ) $ 902,341  
       

As of December 31, 2011

                         

Available for Sale

                         

State and municipal

  $ 320,269   $ 24,723   $ (115 ) $ 344,877  

Mortgage-backed securities-residential (Government Sponsored Entity)

    264,619     7,074     (189 )   271,504  

Collateralized mortgage obligations (Government Sponsored Entity)

    246,985     3,807     (25 )   250,767  

Equity securities

    5,410             5,410  

Other securities

    3,589         (57 )   3,532  
       

Total available for sale

  $ 840,872   $ 35,604   $ (386 ) $ 876,090  
       
Schedule of contractual maturities of securities

 

 
  Available for Sale  
 
  Amortized Cost
  Fair Value
 
   

Within one year

  $ 6,722   $ 6,857  

One through five years

    52,535     55,170  

Six through ten years

    95,047     102,419  

After ten years

    161,406     178,678  

Mortgage-backed securities-residential (Government Sponsored Entity)

    219,352     227,055  

Collateralized mortgage obligations (Government Sponsored Entity)

    322,758     327,223  

Equity securities

    4,939     4,939  
       

Total available for sale securities

  $ 862,759   $ 902,341  
       
Schedule of securities in a continuous unrealized loss position with unrealized losses presented by length of time

 

2012
  Less than 12 months
  12 months or longer
  Total
 
 
     
Description of securities
  Fair Value
  Unrealized
Losses

  Fair Value
  Unrealized
Losses

  Fair Value
  Unrealized
Losses

 
   

State and municipal

  $ 6,646   $ (97 ) $   $   $ 6,646   $ (97 )

Mortgage-backed securities-residential (GSE's)

    12,766     (8 )           12,766     (8 )

Collateralized mortgage obligations (GSE's)

    32,330     (139 )           32,330     (139 )

Other securities

    990     (11 )           990     (11 )
       

Total temporarily impaired

  $ 52,732   $ (255 ) $   $   $ 52,732   $ (255 )
       

2011
  Less than 12 months
  12 months or longer
  Total
 
 
     
Description of securities
  Fair Value
  Unrealized
Losses

  Fair Value
  Unrealized
Losses

  Fair Value
  Unrealized
Losses

 
   

State and municipal

  $ 1,576   $ (72 ) $ 237   $ (43 ) $ 1,813   $ (115 )

Mortgage-backed securities-residential (GSE's)

    50,493     (189 )           50,493     (189 )

Collateralized mortgage obligations (GSE's)

    25,527     (25 )           25,527     (25 )

Other securities

    945     (57 )           945     (57 )
       

Total temporarily impaired

  $ 78,541   $ (343 ) $ 237   $ (43 ) $ 78,778   $ (386 )