Securities (Tables)

9 Months Ended

Sep. 30, 2013

Securities

Schedule of amortized cost, unrealized gains and losses, and fair value of securities available for sale

	Amortized		Unrealized
(in thousands)	cost		gains		losses		Fair value
September 30, 2013
U.S. Treasury and other U.S. government obligations	$	40,000	$	—	$	—	$	40,000
Government sponsored enterprise obligations	124,621		1,937		1,484		125,074
Mortgage-backed securities	165,636		2,156		3,151		164,641
Obligations of states and political subdivisions	70,241		1,562		455		71,348
Total securities available for sale	$	400,498	$	5,655	$	5,090	$	401,063

December 31, 2012
U.S. Treasury and other U.S. government obligations	$	98,000	$	—	$	—	$	98,000
Government sponsored enterprise obligations	83,015		2,789		56		85,748
Mortgage-backed securities	137,407		3,594		120		140,881
Obligations of states and political subdivisions	57,961		2,844		12		60,793
Trust preferred securities of financial institutions	1,000		18		—		1,018
Total securities available for sale	$	377,383	$	9,245	$	188	$	386,440

Summary of securities based on contractual maturity

(in thousands)	Amortized cost		Fair value
Securities available for sale
Due within 1 year	$	62,177	$	62,213
Due after 1 but within 5 years	113,752		115,551
Due after 5 but within 10 years	36,039		36,470
Due after 10 years	22,894		22,188
Mortgage-backed securities	165,636		164,641
Total securities available for sale	$	400,498	$	401,063

Schedule of securities with unrealized losses not recognized in income

	Less than 12 months				12 months or more					Total
	Fair		Unrealized		Fair		Unrealized			Fair				Unrealized
(in thousands)	value		losses		value		losses			value				losses
September 30, 2013
Government sponsored enterprise obligations	$	59,040	$	1,484	$	—	$	—		$		59,040		$		1,484
Mortgage-backed securities	83,927		3,151		—		—			83,927				3,151
Obligations of states and political subdivisions	23,443		455		—		—			23,443				455
Total temporarily impaired securities	$	166,410	$	5,090	$	—	$	—		$		166,410		$		5,090
December 31, 2012
Government sponsored enterprise obligations	$	29,996	$	56	$	—	$	—	$		29,996		$		56
Mortgage-backed securities	16,609		120		—		—		16,609				120
Obligations of states and political subdivisions	2,292		12		—		—		2,292				12
Total temporarily impaired securities	$	48,897	$	188	$	—	$	—	$		48,897		$		188