Quarterly report pursuant to Section 13 or 15(d)

INVESTMENT SECURITIES (Tables)

v3.5.0.2
INVESTMENT SECURITIES (Tables)
 9 Months Ended
Sep. 30, 2016
Investments, Debt and Equity Securities [Abstract]  
Schedule of amortized cost and related market value of investment securities available-for-sale
Investment Portfolio Composition. The amortized cost and related market value of investment securities available-for-sale and
held-to-maturity were as follows:
September 30, 2016 December 31, 2015
Amortized Unrealized Unrealized Market Amortized Unrealized Unrealized Market
Cost Gains Losses Value Cost Gain Losses Value
Available for Sale
U.S. Government Treasury $ 272,656 $ 1,029 $ - $ 273,685 $ 250,458 $ 101 $ 213 $ 250,346
U.S. Government Agency 129,150 569 203 129,516 101,730 357 263 101,824
States and Political Subdivisions 86,490 189 45 86,634 88,358 103 99 88,362
Mortgage-Backed Securities 1,340 142 - 1,482 1,742 159 - 1,901
Equity Securities(1) 8,822 - - 8,822 8,595 - - 8,595
Total $ 498,458 $ 1,929 $ 248 $ 500,139 $ 450,883 $ 720 $ 575 $ 451,028
Held to Maturity
U.S. Government Treasury $ 129,323 $ 530 $ - $ 129,853 $ 134,554 $ 45 $ 160 $ 134,439
U.S. Government Agency 1,904 1 - 1,905 10,043 7 5 10,045
States and Political Subdivisions 9,983 69 1 10,051 15,693 38 7 15,724
Mortgage-Backed Securities 48,718 366 64 49,020 27,602 4 407 27,199
Total $ 189,928 $ 966 $ 65 $ 190,829 $ 187,892 $ 94 $ 579 $ 187,407
Total Investment Securities $ 688,386 $ 2,895 $ 313 $ 690,968 $ 638,775 $ 814 $ 1,154 $ 638,435
Schedule of investment securities with maturity distribution based on contractual maturities
Available for Sale Held to Maturity
Amortized   Market   Amortized   Market
(Dollars in Thousands) Cost Value Cost Value
Due in one year or less $ 146,612   $ 146,872   $ 60,424   $ 60,503
Due after one through five years   252,653     253,644     80,786     81,305
Mortgage-Backed Securities 1,340 1,482 48,718 49,021
U.S. Government Agency   89,031     89,319     -     -
Equity Securities   8,822     8,822     -     -
Total $ 498,458   $ 500,139   $ 189,928   $ 190,829
Schedule of investment securities with continuous unrealized loss position
  Less Than Greater Than
12 Months 12 Months Total
Market Unrealized Market Unrealized Market Unrealized
(Dollars in Thousands) Value Losses Value Losses Value Losses
September 30, 2016
Available for Sale
U.S. Government Agency $ 36,793 $ 153 $ 10,123 $ 50 $ 46,916 $ 203
States and Political Subdivisions 28,831   44   298   1   29,129   45
Total 65,624   197   10,421   51   76,045   248
Held to Maturity
States and Political Subdivisions 1,252 1 - - 1,252 1
Mortgage-Backed Securities   2,095     5     7,120     59     9,215     64
Total $ 3,347   $ 6   $ 7,120   $ 59   $ 10,467   $ 65
December 31, 2015
Available for Sale 
U.S. Government Treasury $ 150,061   $ 213   $ -   $ -   $ 150,061   $ 213
U.S. Government Agency 43,508 200 9,644 63 53,152 263
States and Political Subdivisions   39,608     86     5,066     13     44,674     99
Total 233,177   499   14,710   76   247,887   575
Held to Maturity
U.S. Government Treasury   92,339     160     -     -     92,339     160
U.S. Government Agency 5,006 5 - - 5,006 5
States and Political Subdivisions 3,791 7 - - 3,791 7
Mortgage-Backed Securities 13,267 185 11,889 222 22,156 407
Total $ 114,403   $ 357   $ 11,889   $ 222   $ 126,292   $ 579