SECURITIES (Tables)

3 Months Ended

Mar. 31, 2013

SECURITIES

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

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
As of March 31, 2013
Available for Sale	$		$		$			$
U. S. government agency	1,360		30		—			1,390
State and municipal	314,292		24,388		(271		)	338,409
Mortgage-backed securities-residential (GSE’s)	211,112		6,221		(173		)	217,160
Collateralized mortgage obligations (GSE’s)	337,729		3,653		(423		)	340,959
Equity securities	4,939		—		—			4,939
Other securities	3,550		—		(11		)	3,539
Total available for sale	$	872,982	$	34,292	$	(878	)	$	906,396
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 (GSE’s)	219,352		7,711		(8		)	227,055
Collateralized mortgage obligations (GSE’s)	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

Schedule of contractual maturities of securities

	Available for Sale
March 31, 2013	Amortized Cost		Fair Value
Within one year	$	7,262	$	7,414
One through five years	54,150		56,878
Six through ten years	104,927		112,216
After ten years	152,863		166,830
Mortgage-backed securities-residential (Government Sponsored Entity)	211,112		217,160
Collateralized mortgage obligations (Government Sponsored Entity)	337,729		340,959
Equity securities	4,939		4,939
Total available for sale securities	$	872,982	$	906,396

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
March 31, 2013 Description of securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
State and municipal	$	18,870	$	(271	)	$	—	$	—	$	18,870	$	(271	)
Mortgage-backed securities-residential (GSE’s)	16,847		(173		)	—		—		16,847		(173		)
Collateralized mortgage obligations (GSE’s)	108,679		(423		)	—		—		108,679		(423		)
Other securities	990		(11		)	—		—		990		(11		)
Total temporarily impaired	$	145,386	$	(878	)	$	—	$	—	$	145,386	$	(878	)

	Less than 12 months					12 months or longer				Total
December 31, 2012 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	)