Securities (Tables)

12 Months Ended

Dec. 31, 2013

Securities

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

(in thousands)	Amortized		Unrealized
December 31, 2013	cost		Gains		Losses		Fair value
U.S. Treasury and other U.S. government obligations	$	110,000	$	—	$	—	$	110,000
Government sponsored enterprise obligations	138,094		1,623		1,872		137,845
Mortgage-backed securities - government agencies	176,524		1,391		5,222		172,693
Obligations of states and political subdivisions	68,448		1,473		428		69,493
Total securities available for sale	$	493,066	$	4,487	$	7,522	$	490,031

(in thousands)	Amortized		Unrealized
December 31, 2012	cost		Gains		Losses		Fair value
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 - government agencies	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)
Securities available for sale	Amortized cost		Fair value
Due within 1 year	$	120,183	$	120,234
Due after 1 but within 5 years	128,126		129,476
Due after 5 but within 10 years	35,980		36,172
Due after 10 years	32,253		31,456
Mortgage-backed securities	176,524		172,693
Total securities available for sale	$	493,066	$	490,031

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
December 31, 2013
Government sponsored enterprise obligations	$	76,755	$	1,429	$	4,353	$	443	$	81,108	$	1,872
Mortgage-backed securities - government agencies	112,652		4,400		8,752		822		121,404		5,222
Obligations of states and political subdivisions	22,092		405		1,211		23		23,303		428
Total temporarily impaired securities	$	211,499	$	6,234	$	14,316	$	1,288	$	225,815	$	7,522

	Less than 12 months				12 months or more				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(In thousands)	Value		Losses		Value		Losses		Value		Losses
December 31, 2012
enterprise obligations	$	29,996	$	56	$	—	$	—	$	29,996	56
Mortgage-backed securities - government agencies	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