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Investment Securities (Tables)
12 Months Ended
Dec. 31, 2013
Investment Securities  
Schedule of amortized cost and fair value of investment securities held to maturity
(Dollars in thousands)
  Amortized
Cost
  Gross
Unrealized
Gains
  Gross
Unrealized
Losses
  Fair
Value
 

December 31, 2013:

                         

State and municipal obligations

  $ 12,426   $ 480   $ (15 ) $ 12,891  
                   
                   

December 31, 2012:

                         

State and municipal obligations

  $ 15,440   $ 1,113   $   $ 16,553  
                   
                   
Schedule of amortized cost and fair value of investment securities available for sale
(Dollars in thousands)
  Amortized
Cost
  Gross
Unrealized
Gains
  Gross
Unrealized
Losses
  Fair
Value
 

December 31, 2013:

                         

Government-sponsored entities debt*

  $ 149,708   $ 185   $ (6,899 ) $ 142,994  

State and municipal obligations

    142,934     1,798     (4,081 )   140,651  

Residential government-sponsored entities mortgage-backed securities

    500,000     4,394     (4,915 )   499,479  

Corporate stocks

    3,161     638     (132 )   3,667  
                   

 

  $ 795,803   $ 7,015   $ (16,027 ) $ 786,791  
                   
                   

December 31, 2012:

                         

Government-sponsored entities debt*

  $ 87,584   $ 965   $ (31 ) $ 88,518  

State and municipal obligations

    147,201     5,647     (49 )   152,799  

Residential government-sponsored entities mortgage-backed securities

    285,800     7,489     (102 )   293,187  

Corporate stocks

    241     139     (1 )   379  
                   

 

  $ 520,826   $ 14,240   $ (183 ) $ 534,883  
                   
                   

*—Government-sponsored entities debt held by the Company consists of debt securities offered by Federal Home Loan Mortgage Corporation ("FHLMC") or Freddie Mac, Federal National Mortgage Association ("FNMA") or Fannie Mae, Federal Home Loan Bank ("FHLB"), Federal Farm Credit Banks ("FFCB"), and Small Business Administration ("SBA").

Schedule of amortized cost and fair value of other investment securities

 

 

(Dollars in thousands)
  Amortized
Cost
  Gross
Unrealized
Gains
  Gross
Unrealized
Losses
  Fair
Value
 

December 31, 2013:

                         

Federal Home Loan Bank stock

  $ 10,352   $   $   $ 10,352  

Investment in unconsolidated subsidiaries

    3,034             3,034  
                   

 

  $ 13,386   $   $   $ 13,386  
                   
                   

December 31, 2012:

                         

Federal Home Loan Bank stock

  $ 8,126   $   $   $ 8,126  

Investment in unconsolidated subsidiaries

    1,642             1,642  
                   

 

  $ 9,768   $   $   $ 9,768  
                   
                   
Schedule of amortized cost and fair value of debt securities by contractual maturity

 The amortized cost and fair value of debt and equity securities at December 31, 2013 by contractual maturity are detailed below.

 
  Securities
Held to Maturity
  Securities
Available for Sale
 
(Dollars in thousands)
  Amortized
Cost
  Fair
Value
  Amortized
Cost
  Fair
Value
 

Due in one year or less

  $ 1,480   $ 1,510   $ 4,596   $ 4,656  

Due after one year through five years

    345     358     31,828     32,081  

Due after five years through ten years

    9,931     10,320     242,604     239,287  

Due after ten years

    670     703     516,775     510,767  
                   

 

  $ 12,426   $ 12,891   $ 795,803   $ 786,791  
                   
                   
Summary of information with respect to sales of available-for-sale securities

 

 

 
  Years Ended December 31,  
(Dollars in thousands)
  2013   2012   2011  

Sale proceeds

  $ 177,468   $ 29,301   $ 52,282  
               
               

Gross realized gains

  $   $ 193   $ 517  

Gross realized losses

        (4 )   (194 )
               

Net realized gain (loss)

  $   $ 189   $ 323  
               
               
Schedule of securities with gross unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position

 

 

 
  Less Than
Twelve Months
  Twelve Months
or More
 
(Dollars in thousands)
  Gross
Unrealized
Losses
  Fair
Value
  Gross
Unrealized
Losses
  Fair
Value
 

December 31, 2013:

                         

Securities Held to Maturity

                         

State and municipal obligations

  $ 15   $ 486   $   $  
                   

 

  $ 15   $ 486   $   $  
                   
                   

Securities Available for Sale

                         

Government-sponsored entities debt

  $ 6,899   $ 112,085              

State and municipal obligations

    3,901     87,060     180     3,900  

Mortgage-backed securities

    4,874     263,383     41     2,125  

Corporate stocks

    132     2,099          
                   

 

  $ 15,806   $ 464,627   $ 221   $ 6,025  
                   
                   

December 31, 2012:

                         

Securities Available for Sale

                         

Government-sponsored entities debt

  $ 31   $ 4,963   $   $  

State and municipal obligations

    49     9,602          

Mortgage-backed securities

    102     13,709          

Corporate stocks

    1     9          
                   

 

  $ 183   $ 28,283   $   $