SECURITIES (Tables)

6 Months Ended

Jun. 30, 2016

Securities [Abstract]

Summary of Available-For-Sale Securities

Information related to the fair value and amortized cost of securities available for sale and the related gross unrealized gains and losses recognized in accumulated other comprehensive income is provided in the tables below.

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(dollars in thousands)	Cost		Gain		Losses		Value
June 30, 2016
U.S. Treasury securities	$	988	$	60	$	0	$	1,048
U.S. government sponsored agencies		6,809		128		0		6,937
Agency residential mortgage-backed securities		349,433		11,763		(112)		361,084
State and municipal securities		124,552		6,061		(82)		130,531
Total	$	481,782	$	18,012	$	(194)	$	499,600
December 31, 2015
U.S. Treasury securities	$	988	$	15	$	0	$	1,003
U.S. government sponsored agencies		7,178		19		(77)		7,120
Agency residential mortgage-backed securities		357,984		5,087		(2,399)		360,672
State and municipal securities		105,753		3,773		(250)		109,276
Total	$	471,903	$	8,894	$	(2,726)	$	478,071

Schedule of Available-For-Sale Securities By Maturity

Actual maturities of securities may differ from contractual maturities because borrowers may have the right to prepay the obligation without a prepayment penalty.

	Amortized		Fair
(dollars in thousands)	Cost		Value
Due in one year or less	$	5,914	$	5,958
Due after one year through five years		19,829		20,622
Due after five years through ten years		48,026		50,967
Due after ten years		58,580		60,969
		132,349		138,516
Mortgage-backed securities		349,433		361,084
Total debt securities	$	481,782	$	499,600

Schedule of Sales of Securities Available For Sale

Securities proceeds, gross gains and gross losses are presented below.

	Six months ended June 30,
(dollars in thousands)	2016		2015
Sales of securities available for sale
Proceeds	$	6,929	$	7,787
Gross gains		65		42
Gross losses		13		0

Schedule of Available-For-Sale Securities Continuous Unrealized Loss Position

The tables divide the securities between those with unrealized losses for less than twelve months and those with unrealized losses for twelve months or more.

	Less than 12 months				12 months or more				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(dollars in thousands)	Value		Losses		Value		Losses		Value		Losses
June 30, 2016
Agency residential mortgage-backed
securities	$	0	$	0	$	7,703	$	(112)	$	7,703	$	(112)
State and municipal securities		1,372		(11)		2,233		(71)		3,605		(82)
Total temporarily impaired	$	1,372	$	(11)	$	9,936	$	(183)	$	11,308	$	(194)
December 31, 2015
U.S. government sponsored agencies	$	0	$	0	$	3,895	$	(77)	$	3,895	$	(77)
Agency residential mortgage-backed
securities		151,792		(1,521)		30,116		(878)		181,908		(2,399)
State and municipal securities		11,364		(78)		8,326		(172)		19,690		(250)
Total temporarily impaired	$	163,156	$	(1,599)	$	42,337	$	(1,127)	$	205,493	$	(2,726)

Quantitative Disclosure of Available-For-Sale Securities

The total number of securities with unrealized losses as of June 30, 2016 and December 31, 2015 is presented below.

	Less than		12 months
	12 months		or more		Total
June 30, 2016
Agency residential mortgage-backed securities		0		3		3
State and municipal securities		5		3		8
Total temporarily impaired		5		6		11
December 31, 2015
U.S. government sponsored agencies		0		1		1
Agency residential mortgage-backed securities		46		9		55
State and municipal securities		21		12		33
Total temporarily impaired		67		22		89