SECURITIES (Tables)

9 Months Ended

Sep. 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 September 30, 2013
Available for Sale
U. S. government agency	$	918	$	7	$	—		$	925
State and municipal	322,283		14,245		(1,736		)	334,792
Mortgage-backed securities-residential (GSEs)	194,050		3,976		(2,624		)	195,402
Collateralized mortgage obligations (GSEs)	357,949		1,880		(6,224		)	353,605
Equity securities	4,939		—		—			4,939
Other securities	3,535		—		(11		)	3,524
Total available for sale	$	883,674	$	20,108	$	(10,595	)	$	893,187
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
September 30, 2013	Amortized Cost		Fair Value
Within one year	$	13,579	$	13,796
One through five years	54,747		56,901
Six through ten years	114,651		118,663
After ten years	143,759		149,881
Mortgage-backed securities-residential (Government Sponsored Entity)	194,050		195,402
Collateralized mortgage obligations (Government Sponsored Entity)	357,949		353,605
Equity securities	4,939		4,939
Total available for sale securities	$	883,674	$	893,187

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, 2013 Description of securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
State and municipal	$	31,762	$	(1,736	)	$	—	$	—		$	31,762	$	(1,736	)
Mortgage-backed securities-residential (GSE’s)	87,602		(2,624		)	—		—			87,602		(2,624		)
Collateralized mortgage obligations (GSE’s)	235,320		(6,118		)	2,392		(106		)	237,712		(6,224		)
Other securities	—		—			990		(11		)	990		(11		)
Total temporarily impaired	$	354,684	$	(10,478	)	$	3,382	$	(117	)	$	358,066	$	(10,595	)

	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	)