SECURITIES (Tables)

12 Months Ended

Dec. 31, 2013

Investments, Debt and Equity Securities [Abstract]

Fair Value of Available for Sale Securities and Related Gains and Losses Recognized in Accumulated Other Comprehensive Income or loss

The amortized cost and fair value of available for sale securities and the related gains and losses recognized in accumulated other comprehensive income (loss) was as follows:

				Gross		Gross
		Amortized		Unrealized		Unrealized		Fair
Available-for-Sale		Cost		Gains		Losses		Value
2013
U.S. Government, federal agencies and     Government sponsored enterprises	$	122,905	$	142	$	(2,908)	$	120,139
U.S. Government mortgage-backed		219,986		2,408		(2,335)		220,059
Corporate		925		-		-		925
	$	343,816	$	2,550	$	(5,243)	$	341,123
2012
U.S. Government, federal agencies and     Government sponsored enterprises	$	127,416	$	1,130	$	(69)	$	128,477
U.S. Government mortgage-backed		180,019		4,972		(84)		184,907
Corporate		1,060		-		-		1,060
	$	308,495	$	6,102	$	(153)	$	314,444

Amortized Cost, Unrecognized Gains and Losses, and Fair Value of Securities Held to Maturity

The amortized cost, unrecognized gains and losses, and fair value of securities held to maturity were as follows:

				Gross		Gross
		Amortized		Unrecognized		Unrecognized		Fair
Held-to-Maturity		Cost		Gains		Losses		Value
2013
Municipal and other obligations	$	77,010	$	1,085	$	(1,638)	$	76,457
2012
Municipal and other obligations	$	66,843	$	1,900	$	(239)	$	68,504

Amortized Cost and Fair Value of Debt Securities by Contractual Maturity

The fair value of debt securities and amortized cost, if different, at year-end 2013 by contractual maturity were as follows. Securities not due at a single maturity date, primarily mortgage backed securities, are shown separately.

	Available-for-Sale				Held-to-Maturity
		Amortized		Fair		Amortized		Fair
		Cost		Value		Cost		Value
Due in one year or less	$	5,201	$	5,236	$	3,828	$	3,848
Due after one year through five years		36,139		35,445		32,506		33,147
Due after five years through ten years		77,489		75,324		35,461		34,247
Due after ten years		5,001		5,059		5,215		5,215
U.S. Government mortgage-backed		219,986		220,059		-		-
	$	343,816	$	341,123	$	77,010	$	76,457

Schedule of Securities Financing Transactions

The proceeds from sales and calls of securities and the associated gains are listed below:

		2013		2012		2011
Proceeds	$	5,230	$	6,944	$	13,598
Gross gains		274		206		231
Gross losses		-		-		-

Securities with Unrealized Losses Aggregated by Investment Category and Length of Time Individual Securities Have Been in Continuous Unrealized Loss Position

Securities with unrealized losses at year-end 2013 and 2012, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows:

		Less than 12 Months				12 Months or More				Total
		Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
2013		Value		Loss		Value		Loss		Value		Loss
Description of Securities
U.S. Gov’t., federal
agencies and Government
sponsored enterprises	$	94,641	$	(2,522)	$	5,996	$	(386)	$	100,637	$	(2,908)
U.S Gov’t. mortgage-backed		116,709		(2,241)		7,530		(94)		124,239		(2,335)
Municipal & other obligations		26,936		(1,262)		6,570		(376)		33,506		(1,638)
Total temporarily impaired	$	238,286	$	(6,025)	$	20,096	$	(856)	$	258,382	$	(6,881)

		Less than 12 Months				12 Months or More				Total
		Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
2012		Value		Loss		Value		Loss		Value		Loss
Description of Securities
U.S. Gov’t., federal
agencies and Government
sponsored enterprises	$	11,877	$	(69)	$	-	$	-	$	11,877	$	(69)
U.S Gov’t. mortgage-backed		18,142		(84)		-		-		18,142		(84)
Municipal & other obligations		15,056		(239)		-		-		15,056		(239)
Total temporarily impaired	$	45,075	$	(392)	$	-	$	-	$	45,075	$	(392)