INVESTMENT SECURITIES (Tables)

12 Months Ended

Dec. 31, 2016

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and related market value of investment securities available-for-sale

Note 2
INVESTMENT SECURITIES
Investment Portfolio Composition. The amortized cost and related market value of investment securities available-for-sale and
held-to-maturity were as follows:
	2016									2015
	Amortized		Unrealized		Unrealized		Market		Amortized		Unrealized		Unrealized		Market
(Dollars in Thousands)	Cost		Gains		Losses		Value		Cost		Gain		Losses		Value
Available for Sale
U.S. Government Treasury	$	286,867	$	262	$	851	$	286,278	$	250,458	$	101	$	213	$	250,346
U.S. Government Agency		131,489		495		344		131,640		101,730		357		263		101,824
States and Political Subdivisions		95,197		23		381		94,839		88,358		103		99		88,362
Mortgage-Backed Securities		1,312		118		-		1,430		1,742		159		-		1,901
Equity Securities(1)		8,547		-		-		8,547		8,595		-		-		8,595
Total	$	523,412	$	898	$	1,576	$	522,734	$	450,883	$	720	$	575	$	451,028
Held to Maturity
U.S. Government Treasury	$	119,131	$	107	$	81	$	119,157	$	134,554	$	45	$	160	$	134,439
U.S. Government Agency		-		-		-		-		10,043		7		5		10,045
States and Political Subdivisions		8,175		1		38		8,138		15,693		38		7		15,724
Mortgage-Backed Securities		50,059		29		637		49,451		27,602		4		407		27,199
Total	$	177,365	$	137	$	756	$	176,746	$	187,892	$	94	$	579	$	187,407
Total Investment Securities	$	700,777	$	1,035	$	2,332	$	699,480	$	638,775	$	814	$	1,154	$	638,435

Schedule of investment securities with maturity distribution based on contractual maturities

	Available for Sale				Held to Maturity
	Amortized		Market		Amortized		Market
(Dollars in Thousands)	Cost		Value		Cost		Value
Due in one year or less	$	164,850	$	165,051	$	41,705	$	41,730
Due after one through five years		259,324		257,991		85,601		85,566
Mortgage-Backed Securities		1,312		1,430		50,059		49,450
U.S. Government Agency		89,379		89,715		-		-
Equity Securities		8,547		8,547		-		-
Total	$	523,412	$	522,734	$	177,365	$	176,746

Schedule of investment securities with continuous unrealized loss position

	Less Than 12 Months				Greater Than 12 Months				Total
	Market		Unrealized		Market		Unrealized		Market		Unrealized
(Dollars in Thousands)	Value		Losses		Value		Losses		Value		Losses
December 31, 2016
Available for Sale
U.S. Government Treasury	$	116,704	$	851	$	-	$	-	$	116,704	$	851
U.S. Government Agency		48,520		310		6,699		34		55,219		344
States and Political Subdivisions		81,521		380		294		1		81,815		381
Mortgage-Backed Securities		3		-		-		-		3		-
Total		246,748		1,541		6,993		35		253,741		1,576
Held to Maturity
U.S. Government Treasury		35,210		81		-		-		35,210		81
States and Political Subdivisions		7,491		38		-		-		7,491		38
Mortgage-Backed Securities		36,710		599		4,010		38		40,720		637
Total	$	79,411	$	718	$	4,010	$	38	$	83,421	$	756
December 31, 2015
Available for Sale
U.S. Government Treasury	$	150,061	$	213	$	-	$	-	$	150,061	$	213
U.S. Government Agency		43,508		200		9,644		63		53,152		263
States and Political Subdivisions		39,608		86		5,066		13		44,674		99
Total		233,177		499		14,710		76		247,887		575
Held to Maturity
U.S. Government Treasury		92,339		160		-		-		92,339		160
U.S. Government Agency		5,006		5		-		-		5,006		5
States and Political Subdivisions		3,791		7		-		-		3,791		7
Mortgage-Backed Securities		13,267		185		11,889		222		25,156		407
Total	$	114,403	$	357	$	11,889	$	222	$	126,292	$	579