SECURITIES (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2015
Available for Sale
U. S. government agency	$	533	$	10	$	—		$	543
State and municipal	332,462		16,613		(259		)	348,816
Mortgage-backed securities-residential (Government Sponsored Entity)	299,294		4,553		(2		)	303,845
Collateralized mortgage obligations (Government Sponsored Entity)	246,533		3,470		(923		)	249,080
Equity securities	4,689		—		—			4,689
Other securities	2,525		—		—			2,525
Total available for sale	$	886,036	$	24,646	$	(1,184	)	$	909,498

			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
September 30, 2015	Amortized Cost		Fair Value
Within one year	$	16,091	$	16,238
One through five years	49,709		51,860
Six through ten years	129,057		136,194
After ten years	140,663		147,592
Mortgage-backed securities-residential (Government Sponsored Entity)	299,294		303,845
Collateralized mortgage obligations (Government Sponsored Entity)	246,533		249,080
Equity securities	4,689		4,689
Total available for sale securities	$	886,036	$	909,498

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, 2015 Description of securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
U.S. government agency	$	—	$	—		$	—	$	—		$	—	$	—
State and municipal	31,492		(234		)	309		(25		)	31,801		(259		)
Mortgage-backed securities-residential (GSE’s)	4,949		(2		)	—		—			4,949		(2		)
Collateralized mortgage obligations (GSE’s)	23,995		(107		)	60,315		(816		)	84,310		(923		)
Other securities	—		—			—		—			—		—
Total temporarily impaired	$	60,436	$	(343	)	$	60,624	$	(841	)	$	121,060	$	(1,184	)

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	)