INVESTMENT SECURITIES AVAILABLE FOR SALE (Tables)

6 Months Ended

Jun. 30, 2012

Investment Securities Available For Sale Tables

Schedule of amortized cost and approximate fair value of securities available for sale

A summary of amortized cost and approximate fair value of securities available for sale included in the consolidated statements of condition as of June 30, 2012 and December 31, 2011 follows:

	June 30, 2012
			Gross		Gross
	Amortized		Unrecognized		Unrecognized			Fair
(In thousands)	Cost		Gains		Losses			Value
U.S. government-sponsored entities	$	32,400	$	209	$	—		$	32,609
Mortgage-backed securities – residential		184,969		5,140		(14	)		190,095
State and political subdivisions		27,698		1,225		—			28,923
Other securities		5,999		73		(595	)		5,477
Marketable equity securities		210		4		—			214
Total	$	251,276	$	6,651	$	(609	)	$	257,318

	December 31, 2011
			Gross		Gross
	Amortized		Unrecognized		Unrecognized			Fair
(In thousands)	Cost		Gains		Losses			Value
U.S. government-sponsored entities	$	46,729	$	149	$	—		$	46,878
Mortgage-backed securities – residential		232,240		4,891		(147	)		236,984
State and political subdivisions		28,539		1,314		(2	)		29,851
Other securities		5,999		40		(832	)		5,207
Marketable equity securities		593		7		—			600
Total	$	314,100	$	6,401	$	(981	)	$	319,520

Schedule of continuous unrealized losses and the approximate fair value of these investments

The following tables present the Corporation’s available for sale securities with continuous unrealized losses and the approximate fair value of these investments as of June 30, 2012 and December 31, 2011.

	June 30, 2012
	Duration of Unrealized Loss
	Less than 12 Months					12 Months or Longer					Total
	Fair		Unrecognized			Fair		Unrecognized			Fair		Unrecognized
(In thousands)	Value		Losses			Value		Losses			Value		Losses
Mortgage-backed securities -
residential	$	708	$	(6	)	$	89	$	(8	)	$	797	$	(14	)
Other securities		—		—			2,404		(595	)		2,404		(595	)
Total	$	708	$	(6	)	$	2,493	$	(603	)	$	3,201	$	(609	)

	December 31, 2011
	Duration of Unrealized Loss
	Less than 12 Months					12 Months or Longer					Total
	Fair		Unrecognized			Fair		Unrecognized			Fair		Unrecognized
(In thousands)	Value		Losses			Value		Losses			Value		Losses
Mortgage-backed securities-
residential	$	32,931	$	(120	)	$	317	$	(27	)	$	33,248	$	(147	)
State and political subdivisions		736		(2	)		—		—			736		(2	)
Other securities		—		—			2,167		(832	)		2,167		(832	)
Total	$	33,667	$	(122	)	$	2,484	$	(859	)	$	36,151	$	(981	)