SECURITIES (Tables)

3 Months Ended

Mar. 31, 2015

SECURITIES

Schedule of 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 March 31, 2015
Available for Sale
U. S. government agency	$	615	$	12	$	—		$	627
State and municipal	316,838		19,529		(149		)	336,218
Mortgage-backed securities-residential (Government Sponsored Entity)	191,365		4,626		(238		)	195,753
Collateralized mortgage obligations (Government Sponsored Entity)	328,897		4,076		(1,718		)	331,255
Equity securities	4,689		—		—			4,689
Other securities	2,538		—		—			2,538
Total available for sale	$	844,942	$	28,243	$	(2,105	)	$	871,080
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
As of December 31, 2014
Available for Sale
U. S. government agency	$	652	$	10	$	(1	)	$	661
State and municipal	316,048		18,603		(353		)	334,298
Mortgage-backed securities-residential (Government Sponsored Entity)	178,534		4,071		(433		)	182,172
Collateralized mortgage obligations (Government Sponsored Entity)	344,556		2,743		(3,862		)	343,437
Equity securities	4,689		—		—			4,689
Other securities	2,503		—		—			2,503
Total available for sale	846,982		$	25,427	$	(4,649	)	$	867,760

Schedule of contractual maturities of securities

	Available for Sale
March 31, 2015	Amortized Cost		Fair Value
Within one year	$	16,791	$	16,975
One through five years	55,259		57,346
Six through ten years	138,847		147,077
After ten years	109,094		117,985
Mortgage-backed securities-residential (Government Sponsored Entity)	191,365		195,753
Collateralized mortgage obligations (Government Sponsored Entity)	328,897		331,255
Equity securities	4,689		4,689
Total available for sale securities	$	844,942	$	871,080

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, 2015 Description of securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
State and municipal	$	1,659	$	(53	)	$	13,230	$	(96	)	$	14,889	$	(149	)
Mortgage-backed securities-residential (GSE’s)	3,563		(46		)	28,137		(192		)	31,700		(238		)
Collateralized mortgage obligations (GSE’s)	110,217		(1,629		)	31,067		(89		)	141,284		(1,718		)
Other securities	—		—			—		—			—		—
Total temporarily impaired	$	115,439	$	(1,728	)	$	72,434	$	(377	)	$	187,873	$	(2,105	)
December 31, 2014 Description of securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
U.S government agency	$	122	$	(1	)	$	—	$	—		$	122	$	(1	)
State and municipal	16,659		(147		)	13,340		(206		)	29,999		(353		)
Mortgage-backed securities-residential (GSE’s)	24,925		(51		)	32,541		(382		)	57,466		(433		)
Collateralized mortgage obligations (GSE’s)	21,775		(114		)	150,094		(3,748		)	171,869		(3,862		)
Other securities	—		—			—		—			—		—
Total temporarily impaired	$	63,481	$	(313	)	$	195,975	$	(4,336	)	$	259,456	$	(4,649	)