Investment Securities (Tables)

12 Months Ended

Dec. 31, 2015

Investment Securities

Schedule of amortized cost and fair values of the Company's investment securities, all of which are reported as available for sale

	December 31, 2015
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
		(dollars in thousands)
Obligations of U.S. government agencies	$	47,478	$	269	$	(429	)	$	47,318
Mortgage backed securities
U.S. government sponsored entities and agencies		246,561		986		(2,312	)		245,235
Non-agency		34,645		-		(328	)		34,317
State and municipal securities		105,164		3,486		(244	)		108,406
Asset backed securities		16,183		-		(556	)		15,627
Other investments		100		-		(68	)		32
Total available for sale securities	$	450,131	$	4,741	$	(3,937	)	$	450,935

	December 31, 2014
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
		(dollars in thousands)
Obligations of U.S. government agencies	$	19,562	$	191	$	(89	)	$	19,664
Mortgage backed securities
U.S. government sponsored entities and agencies		216,492		1,092		(2,186	)		215,398
Non-agency		11,891		21		(11	)		11,901
State and municipal securities		79,810		2,843		(61	)		82,592
Asset backed securities		26,216		-		(191	)		26,025
Total available for sale securities	$	353,971	$	4,147	$	(2,538	)	$	355,580

Summary of investment securities in an unrealized loss position

	December 31, 2015
	Less Than Twelve Months					Twelve Months or More					Total
	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
		(dollars in thousands)
Obligations of U.S. government agencies	$	34,533	$	(429	)	$	-	$	-		$	34,533	$	(429	)
Mortgage backed securities
U.S. government sponsored entities and agencies		131,570		(1,485	)		31,558		(827	)		163,128		(2,312	)
Non-agency		31,400		(317	)		2,917		(11	)		34,317		(328	)
State and municipal securities		15,660		(243	)		235		(1	)		15,895		(244	)
Asset backed securities		-		-			15,626		(556	)		15,626		(556	)
Other investments		32		(68	)		-		-			32		(68	)
Total	$	213,195	$	(2,542	)	$	50,336	$	(1,395	)	$	263,531	$	(3,937	)

	December 31, 2014
	Less Than Twelve Months					Twelve Months or More					Total
	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
		(dollars in thousands)
Obligations of U.S. government agencies	$	2,795	$	(17	)	$	2,607	$	(72	)	$	5,402	$	(89	)
Mortgage backed securities
U.S. government sponsored entities and agencies		50,583		(670	)		58,753		(1,516	)		109,336		(2,186	)
Non-agency		3,000		(7	)		507		(4	)		3,507		(11	)
State and municipal securities		5,899		(47	)		2,245		(14	)		8,144		(61	)
Asset backed securities		-		-			17,153		(191	)		17,153		(191	)
Total	$	62,277	$	(741	)	$	81,265	$	(1,797	)	$	143,542	$	(2,538	)

Schedule of proceeds from the sales and calls of securities and the associated gains and losses

	For the Years Ended December 31,
	2015			2014			2013
		(dollars in thousands)
Proceeds	$	55,184		$	129,074		$	161,765
Gross gains		815			1,050			5,599
Gross losses		(174	)		(404	)		(1,673	)

Schedule of amortized cost and fair values maturities of available for sale investment securities

	December 31, 2015				December 31, 2014
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
		(dollars in thousands)
Due one year or less	$	51,049	$	50,978	$	38,674	$	38,587
Due after one year through five years		153,444		152,916		113,081		112,926
Due after five years through ten years		182,996		184,870		137,909		140,115
Due after ten years		62,642		62,171		64,307		63,952
Total	$	450,131	$	450,935	$	353,971	$	355,580

Summary of earnings on both taxable and tax-exempt investment securities

	For the Years Ended December 31,
	2015		2014		2013
		(dollars in thousands)
Taxable earnings on investment securities
Obligations of U.S. government agencies	$	645	$	348	$	106
Mortgage backed securities		3,675		4,433		3,441
State and municipal securities		527		85		5
Corporate debt securities		-		6		-
Asset backed securities		147		353		427
Earnings on investment securities exempt from federal taxation
State and municipal securities		2,317		2,013		1,497
Total	$	7,311	$	7,238	$	5,476