SECURITIES (Tables)

6 Months Ended

Jun. 30, 2015

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 June 30, 2015 and December 31, 2014 are summarized as follows:

	June 30, 2015
	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	$	3,775	$	68	$	0	$	3,843
Mortgage-backed securities of U.S. Government Sponsored Entities		121,924		1,531		(758)		122,697
Collateralized mortgage obligations of U.S. Government Sponsored Entities		313,082		989		(4,497)		309,574
Private mortgage backed securities		124,462		253		(474)		124,241
Private collateralized mortgage obligations		32,448		32		(304)		32,176
Collateralized loan obligations		94,260		841		(987)		94,114
Obligations of state and political subdivisions		22,636		513		(276)		22,873
Corporate and other debt securities		32,171		21		(211)		31,981
Private commercial mortgage backed securities		20,632		12		(57)		20,587
	$	765,390	$	4,260	$	(7,564)	$	762,086
SECURITIES HELD FOR INVESTMENT
Mortgage-backed securities of U.S. Government Sponsored Entities	$	66,056	$	708	$	(24)	$	66,740
Collateralized mortgage obligations of U.S. Government Sponsored Entities		98,857		751		(307)		99,301
Collateralized loan obligations		41,300		371		(100)		41,571
Private collateralized mortgage obligations		8,564		0		0		8,564
Other		0		0		0		0
	$	214,777	$	1,830	$	(431)	$	216,176

	December 31, 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	$	3,876	$	23	$	0	$	3,899
Mortgage-backed securities of U.S. Government Sponsored Entities		123,981		1,501		(423)		125,059
Collateralized mortgage obligations of U.S. Government Sponsored Entities		352,483		1,075		(6,077)		347,481
Private mortgage backed securities		29,967		291		0		30,258
Private collateralized mortgage obligations		85,175		688		(728)		85,135
Collateralized loan obligations		127,397		0		(2,172)		125,225
Obligations of state and political subdivisions		23,511		810		(3)		24,318
	$	746,390	$	4,388	$	(9,403)	$	741,375
SECURITIES HELD FOR INVESTMENT
Mortgage-backed securities of U.S. Government Sponsored Entities	$	67,535	$	812	$	0	$	68,347
Collateralized mortgage obligations of  U.S. Government Sponsored Entities		114,541		695		(280)		114,956
Collateralized loan obligations		25,828		0		(343)		25,485
	$	207,904	$	1,507	$	(623)	$	208,788

Amortized Cost and Fair Value of Securities by Contractual Maturity (Table Text Block)

The amortized cost and fair value of securities at June 30, 2015, 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	$	100	$	100
Due after one year through five years		0		0		40,148		39,967
Due after five years through ten years		41,300		41,571		101,984		101,896
Due after ten years		0		0		8,641		8,994
		41,300		41,571		150,873		150,957
Mortgage-backed securities of U.S. Government Sponsored Entities		66,056		66,740		121,924		122,697
Collateralized mortgage obligations of  U.S. Government Sponsored Entities		98,857		99,301		313,082		309,574
Private mortgage backed securities		0		0		32,448		32,176
Private collateralized mortgage obligations		8,564		8,564		94,260		94,114
Corporate and other debt securities		0		0		32,171		31,981
Private commercial mortgage backed securities		0		0		20,632		20,587
	$	214,777	$	216,176	$	765,390	$	762,086

Schedule of Unrealized Loss and Fair Value on Investments (Table Text Block)

The tables below indicate the amount of securities with unrealized losses and period of time for which these losses were outstanding at June 30, 2015 and December 31, 2014, respectively.

	June 30, 2015
	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 securties of U.S. Governement Sponsored Entities	$	71,485	$	(581)	$	9,516	$	(201)	$	81,001	$	(782)
Collateralized mortgage obligations of U.S. Government Sponsored Entities		91,107		(732)		150,895		(4,072)		242,002		(4,804)
Private mortage backed securities		16,677		(304)		0		0		16,677		(304)
Private collaterlized mortgage obligations		46,084		(730)		14,788		(257)		60,872		(987)
Collateralized loan obligations		37,325		(291)		24,635		(283)		61,960		(574)
Obligations of state and political subdivisions		13,256		(276)		0		0		13,256		(276)
Corporate and other debt securities		21,276		(211)		0		0		21,276		(211)
Private commercial mortgage backed securities		13,644		(57)		0		0		13,644		(57)
Total temporarily impaired securities	$	310,854	$	(3,182)	$	199,834	$	(4,813)	$	510,688	$	(7,995)

	December 31, 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
U.S. Treasury securities and obligations of U.S. Government Sponsored Entities	$	100	$	0	$	0	$	0	$	100	$	0
Mortgage-backed securties of  U.S. Government Sponsored Entities		36,890		(153)		21,640		(271)		58,530		(424)
Collateralized mortgage obligations of U.S. Government Sponsored Entities		100,148		(833)		170,400		(5,523)		270,548		(6,356)
Private collaterlized mortgage obligations		61,554		(914)		10,091		(157)		71,645		(1,071)
Collateralized loan obligations		100,714		(1,769)		24,511		(403)		125,225		(2,172)
Obligations of state and political subdivisions		1,734		(3)		0		0		1,734		(3)
Total temporarily impaired securities	$	301,040	$	(3,672)	$	226,642	$	(6,354)	$	527,682	$	(10,026)