SECURITIES (Tables)

9 Months Ended

Sep. 30, 2012

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 (loss) is provided in the tables below.

			Gross		Gross
	Fair		Unrealized		Unrealized			Amortized
	Value		Gain		Losses			Cost
September 30, 2012
U.S. Treasury securities	$	1,042	$	40	$	0		$	1,002
U.S. government sponsored agencies		5,316		288		0			5,028
Agency residential mortgage-backed securities		385,298		9,051		(1,511	)		377,758
Non-agency residential mortgage-backed securities		6,982		267		0			6,715
State and municipal securities		82,618		5,740		(43	)		76,921
Total	$	481,256	$	15,386	$	(1,554	)	$	467,424
December 31, 2011
U.S. Treasury securities	$	1,055	$	52	$	0		$	1,003
U.S. government sponsored agencies		5,277		244		0			5,033
Agency residential mortgage-backed securities		350,102		8,989		(923	)		342,036
Non-agency residential mortgage-backed securities		32,207		191		(2,225	)		34,241
State and municipal securities		78,750		5,292		(9	)		73,467
Total	$	467,391	$	14,768	$	(3,157	)	$	455,780

Schedule of available-for-sale securities by maturity

	Amortized		Fair
	Cost		Value
Due in one year or less	$	2,118	$	2,106
Due after one year through five years		23,461		25,108
Due after five years through ten years		35,516		38,272
Due after ten years		21,856		23,490
		82,951		88,976
Mortgage-backed securities		384,473		392,280
Total debt securities	$	467,424	$	481,256

Schedule of sales of securities available for sale

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

	Nine months ended September 30,
	2012			2011
Sales of securities available for sale
Proceeds	$	28,877		$	73,318
Gross gains		823			4,005
Gross losses		(1,203	)		(4,171	)

	Three months ended September 30,
	2012			2011
Sales of securities available for sale
Proceeds	$	28,877		$	0
Gross gains		823			0
Gross losses		(1,203	)		0

Schedule of available-for-sale securities continuous unrealized loss position

Information regarding securities with unrealized losses as of September 30, 2012 and December 31, 2011 is presented below. The tables distribute 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
	Value		Losses			Value		Losses			Value		Losses
September 30, 2012
Agency residential mortgage-backed   securities	$	85,988	$	(998	)	$	31,206	$	(513	)	$	117,194	$	(1,511	)
State and municipal securities		4,250		(42	)		50		(1	)		4,300		(43	)
Total temporarily impaired	$	90,238	$	(1,040	)	$	31,256	$	(514	)	$	121,494	$	(1,554	)

	Less than 12 months					12 months or more					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Losses			Value		Losses			Value		Losses
December 31, 2011
Agency residential mortgage-backed   securities	$	74,463	$	(860	)	$	4,813	$	(63	)	$	79,276	$	(923	)
Non-agency residential mortgage-backed   securities		3,379		(4	)		23,885		(2,221	)		27,264		(2,225	)
State and municipal securities		341		(2	)		1,003		(7	)		1,344		(9	)
Total temporarily impaired	$	78,183	$	(866	)	$	29,701	$	(2,291	)	$	107,884	$	(3,157	)

Quantitative disclosure of available-for-sale securities

The number of securities with unrealized losses as of September 30, 2012 and December 31, 2011 is presented below.

	Less than		12 months
	12 months		or more		Total
September 30, 2012
Agency residential mortgage-backed securities		21		11		32
Non-agency residential mortgage-backed securities		0		0		0
State and municipal securities		22		1		23
Total temporarily impaired		43		12		55

	Less than		12 months
	12 months		or more		Total
December 31, 2011
Agency residential mortgage-backed securities		21		1		22
Non-agency residential mortgage-backed securities		2		9		11
State and municipal securities		3		2		5
Total temporarily impaired		26		12		38

Schedule of debt securities credit loss recognized

The following table provides information about debt securities for which only a credit loss was recognized in income and other losses are recorded in other comprehensive income. The table represents the three months and nine months ended September 30, 2012 and 2011.

	Three Months Ended September 30,
	2012			2011
Balance July 1,	$	1,318		$	194
Additions related to other-than-temporary impairment losses not previously recognized		0			0
Additional increases to the amount of credit loss for which other-than-temporary impairment was previously recognized		67			33
Reductions for previous credit losses realized on securities sold during the year		(1,385	)		0
Balance September 30,	$	0		$	227

	Nine Months Ended September 30,
	2012			2011
Balance January 1,	$	359		$	1,812
Additions related to other-than-temporary impairment losses not previously recognized		747			0
Additional increases to the amount of credit loss for which other-than-temporary impairment was previously recognized		279			154
Reductions for previous credit losses realized on securities sold during the year		(1,385	)		(1,739	)
Balance September 30,	$	0		$	227