INVESTMENT SECURITIES HELD TO MATURITY (Tables)

9 Months Ended

Sep. 30, 2012

Investment Securities Held To Maturity Tables

Schedule of amortized cost and estimated fair value of investment securities held to maturity

A summary of amortized cost and estimated fair value of investment securities held to maturity included in the consolidated statements of condition as of September 30, 2012 and December 31, 2011 follows:

	September 30, 2012
			Gross		Gross
	Carrying		Unrecognized		Unrecognized			Fair
(In thousands)	Amount		Gains		Losses			Value
Mortgage-backed securities – residential	$	52,179	$	2,034	$	—		$	54,213
State and political subdivisions		16,189		11		—			16,200
Trust preferred pooled securities		8,330		5,840		(2,157	)		12,013
Total	$	76,698	$	7,885	$	(2,157	)	$	82,426

	December 31, 2011
			Gross		Gross
	Carrying		Unrecognized		Unrecognized			Fair
(In thousands)	Amount		Gains		Losses			Value
Mortgage-backed securities – residential	$	67,394	$	1,393	$	(1	)	$	68,786
State and political subdivisions		24,608		52		—			24,660
Trust preferred pooled securities		8,717		2,170		(4,906	)		5,981
Total	$	100,719	$	3,615	$	(4,907	)	$	99,427

Schedule of continuous unrealized losses and the estimated fair value

The following tables present the Corporation’s investment securities held to maturity with continuous unrealized losses and the estimated fair value of these investments as of September 30, 2012 and December 31, 2011.

	September 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
Trust preferred pooled securities	$	—	$	—	$	4,535	$	(2,157	)	$	4,535	$	(2,157	)
Total	$	—	$	—	$	4,535	$	(2,157	)	$	4,535	$	(2,157	)

	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	$	3,194	$	(1	)	$	—	$	—		$	3,194	$	(1	)
Trust preferred pooled securities		—		—			2,729		(4,906	)		2,729		(4,906	)
Total	$	3,194	$	(1	)	$	2,729	$	(4,906	)	$	5,923	$	(4,907	)