Annual report pursuant to Section 13 and 15(d)

Securities Available for Sale (Tables)

v2.4.0.6
Securities Available for Sale (Tables)
12 Months Ended
Dec. 31, 2012
Securities Available for Sale [Abstract]  
Amortized cost, gross unrealized gains and losses, and estimated fair values of investment securities
                                 
    Amortized
Cost
    Gross Unrealized     Estimated Fair
Value
 
      Gains     (Losses)    

December 31, 2012

                               

U.S. government and agency securities

  $ 2,581     $ 268     $ —       $ 2,849  

Obligations of states and political subdivisions

    214,980       15,123       (325     229,778  

Corporate and other bonds

    7,353       173       (314     7,212  

Mortgage-backed securities

    335,327       7,383       (536     342,174  

Other securities

    3,277       92       —         3,369  
   

 

 

   

 

 

   

 

 

   

 

 

 
    $ 563,518     $ 23,039     $ (1,175   $ 585,382  
   

 

 

   

 

 

   

 

 

   

 

 

 
         

December 31, 2011

                               

U.S. government and agency securities

  $ 3,933     $ 351     $ —       $ 4,284  

Obligations of states and political subdivisions

    189,117       11,337       (247     200,207  

Corporate and other bonds

    12,839       188       (787     12,240  

Mortgage-backed securities

    390,329       10,434       (445     400,318  

Other securities

    3,044       77       (4     3,117  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total securities

  $ 599,262     $ 22,387     $ (1,483   $ 620,166  
   

 

 

   

 

 

   

 

 

   

 

 

 
Schedule of amortized cost and estimated fair value of securities
                                 
    December 31, 2012     December 31, 2011  
    Amortized
Cost
    Estimated
Fair Value
    Amortized
Cost
    Estimated
Fair Value
 

Due in one year or less

  $ 2,346     $ 2,372     $ 6,046     $ 6,098  

Due after one year through five years

    16,413       17,016       18,771       19,408  

Due after five years through ten years

    69,164       73,501       76,044       80,214  

Due after ten years

    472,318       489,124       495,357       511,329  

Other securities

    3,277       3,369       3,044       3,117  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total securities available for sale

  $ 563,518     $ 585,382     $ 599,262     $ 620,166  
   

 

 

   

 

 

   

 

 

   

 

 

 
Schedule of other-than-temporary impairment
         
    OTTI Losses  

Cumulative credit losses on investment securities, through December 31, 2011

  $ 400  

Cumulative credit losses on investment securities

    —    

Additions for credit losses not previously regognized

    —    
   

 

 

 

Cumulative credit losses on investment securities, through December 31, 2012

  $ 400  
   

 

 

 
Schedule of gross unrealized losses and fair value of investments
                                                 
    Less than 12 months     More than 12 months     Total  
    Fair value     Unrealized
Losses
    Fair value     Unrealized
Losses
    Fair value     Unrealized
Losses
 

December 31, 2012

                                               

Obligations of states and political subdivisions

  $ 22,397     $ (283   $ 649     $ (42   $ 23,046     $ (325

Mortgage-backed securities

    86,183       (536     —         —         86,183       (536

Corporate bonds and other securities

    —         —         1,555       (314     1,555       (314
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

  $ 108,580     $ (819   $ 2,204     $ (356   $ 110,784     $ (1,175
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
             

December 31, 2011

                                               

Obligations of states and political subdivisions

  $ 5,429     $ (152   $ 1,090     $ (95   $ 6,519     $ (247

Mortgage-backed securities

    97,203       (445     —         —         97,203       (445

Corporate bonds and other securities

    2,342       (165     3,790       (626     6,132       (791
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

  $ 104,974     $ (762   $ 4,880     $ (721   $ 109,854     $ (1,483