SECURITIES (Tables)

9 Months Ended

Sep. 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 September 30, 2012	Cost		Gains		Losses			Value
Available for Sale
U. S. government agency	$	1,851	$	33	$	—		$	1,884
State and municipal	303,380		29,224		(15		)	332,589
Mortgage-backed securities-residential (GSE’s)	226,028		9,570		—			235,598
Collateralized mortgage obligations	319,147		4,653		(187		)	323,613
Equity securities	4,939		—		—			4,939
Other securities	3,567		—		(12		)	3,555
Total available for sale	$	858,912	$	43,480	$	(214	)	$	902,178

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
September 30, 2012	Amortized Cost		Fair Value
Within one year	$	5,802	$	5,877
One through five years	50,678		53,389
Six through ten years	86,632		94,213
After ten years	165,686		184,549
Mortgage-backed securities-residential (GSE’s)	226,028		235,598
Collateralized mortgage obligations	319,147		323,613
Equity securities	4,939		4,939
Total available for sale securities	$	858,912	$	902,178

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
September 30, 2012 Description of securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
State and municipal	$	340	$	(6	)	$	282	$	(9	)	$	622	$	(15	)
Mortgage-backed securities-residential (GSE’s)	—		—			—		—			—		—
Collateralized mortgage obligations	36,516		(187		)	—		—			36,516		(187		)
Other securities	990		(12		)	—		—			990		(12		)
Total temporarily impaired	37,846		(205		)	282		(9		)	38,128		(214		)

	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	)