SECURITIES (Tables)

6 Months Ended

Jun. 30, 2013

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
	Cost		Gains		Losses			Value
As of June 30, 2013
Available for Sale
U. S. government agency	$	1,117	$	16	$	—		$	1,133
State and municipal	316,574		15,311		(1,722		)	330,163
Mortgage-backed securities-residential (GSEs)	196,151		3,633		(2,822		)	196,962
Collateralized mortgage obligations (GSEs)	353,162		2,097		(5,080		)	350,179
Equity securities	4,939		—		—			4,939
Other securities	3,543		—		(11		)	3,532
Total available for sale	$	875,486	$	21,057	$	(9,635	)	$	886,908
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 (GSEs)	219,352		7,711		(8		)	227,055
Collateralized mortgage obligations (GSEs)	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
June 30, 2013	Amortized Cost		Fair Value
Within one year	$	12,002	$	12,221
One through five years	54,074		56,210
Six through ten years	104,320		108,391
After ten years	150,838		158,006
Mortgage-backed securities-residential (Government Sponsored Entity)	196,151		196,962
Collateralized mortgage obligations (Government Sponsored Entity)	353,162		350,179
Equity securities	4,939		4,939
Total available for sale securities	$	875,486	$	886,908

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, 2013 Description of securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
State and municipal	$	29,662	$	(1,722	)	$	—	$	—	$	29,662	$	(1,722	)
Mortgage-backed securities-residential (GSE’s)	91,405		(2,822		)	—		—		91,405		(2,822		)
Collateralized mortgage obligations (GSE’s)	190,827		(5,080		)	—		—		190,827		(5,080		)
Other securities	990		(11		)	—		—		990		(11		)
Total temporarily impaired	$	312,884	$	(9,635	)	$	—	$	—	$	312,884	$	(9,635	)

	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	)