SECURITIES (Tables)

9 Months Ended

Sep. 30, 2014

Investments, Debt and Equity Securities [Abstract]

Amortized Cost And Fair Value Of Securities Available For Sale And Held For Investment [Table Text Block]

The amortized cost and fair value of securities available for sale and held for investment at September 30, 2014 and December 31, 2013 are summarized as follows:

	September 30, 2014
	Gross		Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(Dollars in thousands)	Cost		Gains		Losses		Value
SECURITIES AVAILABLE FOR SALE
U.S. Treasury securities and obligations of U.S. Government Sponsored Entities	$	100	$	0	$	0	$	100
Mortgage-backed securities of U.S. Government Sponsored Entities		87,148		1,433		(647)		87,934
Collateralized mortgage obligations of U.S. Government Sponsored Entities		290,647		560		(7,597)		283,610
Private mortgage backed securities		29,922		316		0		30,238
Private collateralized mortgage obligations		71,167		976		(244)		71,899
Collateralized loan obligations		122,440		12		(952)		121,500
Obligations of state and political subdivisions		5,766		494		0		6,260
	$	607,190	$	3,791	$	(9,440)	$	601,541
SECURITIES HELD FOR INVESTMENT
Collateralized mortgage obligations of
U.S. Government Sponsored Entities	$	121,163	$	39	$	(1,425)	$	119,777
Mortgage-backed securities of
U.S. Government Sponsored Entities		55,561		14		(169)		55,406
	$	176,724	$	53	$	(1,594)	$	175,183

	December 31, 2013
	Gross		Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(Dollars in thousands)	Cost		Gains		Losses		Value
SECURITIES AVAILABLE FOR SALE
U.S. Treasury securities and obligations of U.S. Government Sponsored Entities	$	100	$	0	$	0	$	100
Mortgage-backed securities of U.S. Government Sponsored Entities		129,468		1,456		(4,189)		126,735
Collateralized mortgage obligations of U.S. Government Sponsored Entities		383,392		776		(14,747)		369,421
Private mortgage backed securities		29,800		0		(226)		29,574
Private collateralized mortgage obligations		76,520		731		(413)		76,838
Collateralized loan obligations		32,592		0		(413)		32,179
Obligations of state and political subdivisions		6,586		193		(15)		6,764
	$	658,458	$	3,156	$	(20,003)	$	641,611

Held-to-maturity Securities [Table Text Block]

The amortized cost and fair value of securities at September 30, 2014, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or repay obligations with or without call or prepayment penalties.

	Held for Investment				Available for Sale
	Amortized		Fair		Amortized		Fair
(Dollars in thousands)	Cost		Value		Cost		Value
Due in less than one year	$	0	$	0	$	0	$	0
Due after one year through five years		0		0		541		547
Due after five years through ten years		0		0		8,083		8,093
Due after ten years		0		0		119,682		119,220
		0		0		128,306		127,860
Mortgage-backed securities of U.S. Government Sponsored Entities		55,561		55,406		87,148		87,934
Collateralized mortgage obligations of U.S. Government Sponsored Entities		121,163		119,777		290,647		283,610
Private mortgage backed securities		0		0		29,922		30,238
Private collateralized mortgage obligations		0		0		71,167		71,899
No contractual maturity		0		0		0		0
	$	176,724	$	175,183	$	607,190	$	601,541

Schedule of Unrealized Loss on Investments [Table Text Block]

The estimated fair value of a security is determined based on market quotations when available or, if not available, by using quoted market prices for similar securities, pricing models or discounted cash flows analyses, using observable market data where available. The tables below indicate the amount of securities with unrealized losses and period of time for which these losses were outstanding at September 30, 2014 and December 31, 2013, respectively.

	September 30, 2014
	Less than 12 months				12 months or longer				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(Dollars in thousands)	Value		Losses		Value		Losses		Value		Losses
Mortgage-backed securities of U.S. Government Sponsored Entities	$	45,308	$	(176)	$	28,272	$	(640)	$	73,580	$	(816)
Collateralized mortgage obligations of U.S. Government Sponsored Entities		186,842		(2,085)		160,278		(6,937)		347,120		(9,022)
Private collaterlized mortgage obligations		6,763		(108)		10,758		(136)		17,521		(244)
Collateralized loan obligations		96,900		(781)		19,739		(171)		116,639		(952)
Total temporarily impaired securities	$	335,813	$	(3,150)	$	219,047	$	(7,884)	$	554,860	$	(11,034)

	December 31, 2013
	Less than 12 months				12 months or longer				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(Dollars in thousands)	Value		Losses		Value		Losses		Value		Losses
Mortgage-backed securities of U.S. Government Sponsored Entities	$	33,425	$	(2,045)	$	35,043	$	(2,144)	$	68,468	$	(4,189)
Collateralized mortgage obligations of U.S. Government Sponsored Entities		287,312		(12,450)		45,657		(2,297)		332,969		(14,747)
Private mortage backed securities		29,573		(226)		0		0		29,573		(226)
Private collateralized mortgage obligations		47,653		(413)		0		0		47,653		(413)
Collateralized loan obligations		32,179		(413)		0		0		32,179		(413)
Obligations of state and political subdivisions		502		(14)		0		(1)		502		(15)
Total temporarily impaired securities	$	430,644	$	(15,561)	$	80,700	$	(4,442)	$	511,344	$	(20,003)