SECURITIES (Tables)

6 Months Ended

Jun. 30, 2012

SECURITIES

Schedule of the amortized cost and fair value of securities available for sale and related unrealized gains/losses recognized in accumulated other comprehensive income

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
As of June 30, 2012	Cost		Gains		Losses			Value
Available for Sale
U. S. government agency	$	2,122	$	36	$	—		$	2,158
State and municipal	300,468		25,767		(94		)	326,141
Mortgage-backed securities-residential (GSE’s)	264,228		8,912		(25		)	273,115
Collateralized mortgage obligations	281,204		4,994		(55		)	286,143
Equity securities	4,938		—		—			4,938
Other securities	3,573		—		(31		)	3,542
Total available for sale	$	856,533	$	39,709	$	(205	)	$	896,037

As of December 31, 2011
Available for Sale
State and municipal	$	320,269	$	24,723	$	(115	)	$	344,877
Mortgage-backed securities-residential (GSE’s)	264,619		7,074		(189		)	271,504
Collateralized mortgage obligations	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 amortized cost and fair value of the investment securities portfolio by expected maturity

	Available for Sale
June 30, 2012	Amortized Cost		Fair Value
Within one year	$	3,238	$	3,277
One through five years	50,431		52,995
Six through ten years	83,972		90,722
After ten years	168,522		184,847
Mortgage-backed securities-residential (GSE’s)	264,228		273,115
Collateralized mortgage obligations	281,204		286,143
Equity securities	4,938		4,938
Total available for sale securities	$	856,533	$	896,037

Schedule of securities in a continuous unrealized loss position with unrealized losses presented by length of time

	Less than 12 months					12 months or longer					Total
June 30, 2012 Description of securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
State and municipal	$	2,191	$	(72	)	$	265	$	(22	)	$	2,456	$	(94	)
Mortgage-backed securities-residential (GSE’s)	11,133		(25		)	—		—			11,133		(25		)
Collateralized mortgage obligations	11,932		(55		)	—		—			11,932		(55		)
Other securities	—		—			970		(31		)	970		(31		)
Total temporarily impaired	25,256		(152		)	1,235		(53		)	26,491		(205		)

	Less than 12 months					12 months or longer					Total
December 31, 2011 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	25,527		(25		)	—		—			25,527		(25		)
Other securities	945		(57		)	—		—			945		(57		)
Total temporarily impaired	$	78,541	$	(343	)	$	237	$	(43	)	$	78,778	$	(386	)