SECURITIES (Tables)

12 Months Ended

Dec. 31, 2013

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-sale Securities and Held-to-maturity Securties

The following table presents a summary of the amortized cost, gross unrealized holding gains and losses, other-than-temporary impairment recorded in other comprehensive income and fair value of securities available for sale and securities held to maturity for the periods indicated:

	December 31, 2013												December 31, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses Other			Other-Than- Temporary Impairment			Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses Other			Other-Than- Temporary Impairment			Fair Value
	(Dollars in thousands)
Available for sale securities
U.S. government agency securities	$	41,331	$	3	$	(885	)	$	—		$	40,449	$	20,053	$	769	$	—		$	—		$	20,822
Agency mortgage-backed securities	232,742		6,405		(4,556		)	—			234,591		209,381		12,158		(114		)	—			221,425
Agency collateralized mortgage obligations	58,765		490		(1,102		)	—			58,153		67,412		1,001		(37		)	—			68,376
Private mortgage-backed securities	—		—		—			—			—		3,227		—		—			305			3,532
State, county, and municipal securities	5,439		1		(28		)	—			5,412		—		—		—			—			—
Single issuer trust preferred securities issued by banks	2,960		14		(22		)	—			2,952		2,255		—		(15		)	—			2,240
Pooled trust preferred securities issued by banks and insurers	8,083		—		(1,913		)	(2,329		)	3,841		8,353		—		(2,415		)	(2,957		)	2,981
Marketable securities	10,997		762		(295		)	—			11,464		9,875		92		(57		)	—			9,910
Total available for sale securities	$	360,317	$	7,675	$	(8,801	)	$	(2,329	)	$	356,862	$	320,556	$	14,020	$	(2,638	)	$	(2,652	)	$	329,286
Held to maturity securities
U.S. treasury securities	$	1,011	$	31	$	—		$	—		$	1,042	$	1,013	$	121	$	—		$	—		$	1,134
Agency mortgage-backed securities	155,067		1,917		(1,033		)	—			155,951		72,360		4,233		—			—			76,593
Agency collateralized mortgage obligations	187,388		824		(6,176		)	—			182,036		97,507		2,875		(2		)	—			100,380
State, county, and municipal securities	678		7		—			—			685		915		11		—			—			926
Single issuer trust preferred securities issued by banks	1,503		23		—			—			1,526		1,516		10		—			—			1,526
Corporate debt securities	5,005		210		—			—			5,215		5,007		258		—			—			5,265
Total held to maturity securities	$	350,652	$	3,012	$	(7,209	)	$	—		$	346,455	$	178,318	$	7,508	$	(2	)	$	—		$	185,824
Total	$	710,969	$	10,687	$	(16,010	)	$	(2,329	)	$	703,317	$	498,874	$	21,528	$	(2,640	)	$	(2,652	)	$	515,110

Summary of Realized Gains and Losses on Available-for-sale Securities

When securities are sold, the adjusted cost of the specific security sold is used to compute the gain or loss on the sale. The following table shows the gross realized gains and losses on available for sale securities for the periods indicated:

	Years Ended December 31
	2013					2012				2011
	(Dollars in thousands)
Gross gains on available for sale securities	$	258				$	116	(1	)	$	723
Gross losses on available for sale securities	(28		)	(2	)	—				—
Net gains on available for sale securities	$	230				$	116			$	723

(1) Amount includes $111,000 of realized gains associated with the marketable securities classified as available for sale.

(2) Amount represents realized losses associated with marketable securities classified as available for sale.

Schedule of Contractual Maturities of Securities

A schedule of the contractual maturities of securities available for sale and securities held to maturity as of December 31, 2013 is presented below:

	Available for Sale				Held to Maturity
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(Dollars in thousands)
Due in one year or less	$	—	$	—	$	255	$	256
Due from one year to five years	30,723		31,155		5,883		6,130
Due from five to ten years	82,705		80,664		17,690		17,710
Due after ten years	235,892		233,579		326,824		322,359
Total debt securities	$	349,320	$	345,398	$	350,652	$	346,455
Marketable securities	$	10,997	$	11,464	$	—	$	—
Total	$	360,317	$	356,862	$	350,652	$	346,455

Schedule of Gross Unrealized Losses and Fair Value of Investments

The following tables show the gross unrealized losses and fair value of the Company’s investments in an unrealized loss position, which the Company has not deemed to be OTTI, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position:

		December 31, 2013
		Less than 12 months					12 months or longer					Total
Description of securities	# of holdings	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
		(Dollars in thousands)
U.S. government agency securities	39	$	39,950	$	(885	)	$	—	$	—		$	39,950	$	(885	)
Agency mortgage-backed securities	124	202,004		(5,217		)	5,108		(372		)	207,112		(5,589		)
Agency collateralized mortgage obligations	19	183,721		(7,278		)	—		—			183,721		(7,278		)
State, county, and municipal securities	13	3,838		(28		)	—		—			3,838		(28		)
Single issuer trust preferred securities issued by banks and insurers	2	1,341		(22		)	—		—			1,341		(22		)
Pooled trust preferred securities issued by banks and insurers	2	—		—			2,300		(1,913		)	2,300		(1,913		)
Marketable securities	22	2,376		(90		)	3,520		(205		)	5,896		(295		)
Total temporarily impaired securities	221	$	433,230	$	(13,520	)	$	10,928	$	(2,490	)	$	444,158	$	(16,010	)
		December 31, 2012
		Less than 12 months					12 months or longer					Total
Description of securities	# of holdings	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
		(Dollars in thousands)
Agency mortgage-backed securities	17	$	23,814	$	(114	)	$	—	$	—		$	23,814	$	(114	)
Agency collateralized mortgage obligations	2	17,677		(39		)	—		—			17,677		(39		)
Single issuer trust preferred securities issued by banks and insurers	2	2,240		(15		)	—		—			2,240		(15		)
Pooled trust preferred securities issued by banks and insurers	2	—		—			2,069		(2,415		)	2,069		(2,415		)
Marketable securities	15	6,613		(57		)	—		—			6,613		(57		)
Total temporarily impaired securities	38	$	50,344	$	(225	)	$	2,069	$	(2,415	)	$	52,413	$	(2,640	)

Schedule of Pertinent Information

The following tables summarize pertinent information as of December 31, 2013, that was considered by management in determining if OTTI existed:

	Class	Amortized Cost (1)		Gross Unrealized Gain/(Loss)			Non-Credit Related Other- Than-Temporary Impairment			Fair Value		Total Cumulative Credit Related Other- Than- Temporary Impairment			Total Cumulative Other- Than- Temporary impairment to date
	(Dollars in thousands)
Pooled trust preferred securities
Security A	C1	$	1,283	$	—		$	(860	)	$	423	$	(3,676	)	$	(4,536	)
Security B	D	—		—			—			—		(3,481		)	(3,481		)
Security C	C1	506		—			(291		)	215		(482		)	(773		)
Security D	D	—		—			—			—		(990		)	(990		)
Security E	C1	2,081		—			(1,178		)	903		(1,368		)	(2,546		)
Security F	B	1,818		(1,037		)	—			781		—			—
Security G	A1	2,395		(876		)	—			1,519		—			—
Total		$	8,083	$	(1,913	)	$	(2,329	)	$	3,841	$	(9,997	)	$	(12,326	)

(1) The amortized cost reflects previously recorded credit related OTTI charges recognized in earnings for the applicable securities

Schedule of Other Pertinent Information Used to Determine Other Than Temporary Impairment [Table Text Block]

	Class	Number of Performing Banks and Insurance Cos. in Issuances (Unique)	Current Deferrals/ Defaults/ Losses (As a % of Original Collateral)		Total Projected Defaults/ Losses (as a % of Performing Collateral)		Excess Subordination (After Taking into Account Best Estimate of Future Deferrals/ Defaults/ Losses)(1)		Lowest credit Ratings to date(2)
Pooled trust preferred securities
Security A	C1	55	33.08	%	18.08	%	—	%	C (Fitch & Moody’s)
Security B	D	55	33.08	%	18.08	%	—	%	C (Fitch)
Security C	C1	48	28.84	%	14.50	%	—	%	C (Fitch & Moody’s)
Security D	D	48	28.84	%	14.50	%	—	%	C (Fitch)
Security E	C1	46	26.86	%	16.09	%	0.98	%	C (Fitch & Moody’s)
Security F	B	32	25.08	%	18.29	%	31.48	%	CC (Fitch)
Security G	A1	32	25.08	%	18.29	%	55.07	%	CCC+ (S&P)

(1) Excess subordination represents the additional default/losses in excess of both current and projected defaults/losses that the security can absorb before the security experiences any credit impairment.

(2) The Company reviewed credit ratings provided by S&P, Moody’s and Fitch in its evaluation of issuers.

Schedule of Other Than Temporary Impairment

The following table shows the total OTTI that the Company recorded for the periods indicated:

	Years Ended December 31
	2013			2012			2011
	(Dollars in thousands)
Gross change in OTTI recorded on certain investments (gain/(losses))	$	588		$	678		$	53
Portion of OTTI gains (losses) recognized in OCI	(588		)	(754		)	(296		)
Total credit related OTTI losses recognized in earnings	$	—		$	(76	)	$	(243	)

Summary of Cumulative Credit Related Component of OTTI

The following table shows the cumulative credit related component of OTTI for the periods indicated:

	2013			2012			2011
	(Dollars in thousands)
Balance at January 1	$	(10,847	)	$	(10,771	)	$	(10,528	)
Add
Incurred on securities not previously impaired	—			—			—
Incurred on securities previously impaired	—			(76		)	(243		)
Less
Securities sold during the period	850			—			—
Reclassification due to changes in Company’s intent	—			—			—
Increases in cash flow expected to be collected	—			—			—
Balance at December 31	$	(9,997	)	$	(10,847	)	$	(10,771	)