INVESTMENT SECURITIES AVAILABLE FOR SALE (Tables)

12 Months Ended

Dec. 31, 2014

INVESTMENT SECURITIES AVAILABLE FOR SALE [Abstract]

Schedule of Amortized Cost and Approximate Fair Value of Securities Available for Sale

A summary of amortized cost and approximate fair value of investment securities available for sale included in the consolidated statements of condition as of December 31, 2014 and 2013 follows:

	2014
			Gross		Gross
	Amortized		Unrecognized		Unrecognized			Fair
(In thousands)	Cost		Gains		Losses			Value
U.S. government-sponsored entities	$	35,664	$	55	$	(49	)	$	35,670
Mortgage-backed securities-residential		239,975		2,725		(411	)		242,289
SBA pool securities		8,015		—		(71	)		7,944
State and political subdivisions		40,842		553		(1	)		41,394
Single-issuer trust preferred security		2,999		—		(599	)		2,400
CRA investment fund		3,000		—		(45	)		2,955
Total	$	330,495	$	3,333	$	(1,176	)	$	332,652

	2013
			Gross		Gross
	Amortized		Unrecognized		Unrecognized			Fair
(In thousands)	Cost		Gains		Losses			Value
U.S. government-sponsored entities	$	15,986	$	—	$	(1,216	)	$	14,770
Mortgage-backed securities-residential		187,574		2,651		(1,145	)		189,080
State and political subdivisions		58,849		565		(71	)		59,343
Single-issuer trust preferred security		2,999		—		(629	)		2,370
CRA investment fund		3,000		—		(116	)		2,884
Total	$	268,408	$	3,216	$	(3,177	)	$	268,447

Schedule of Securities Classified by Maturity

The amortized cost and approximate fair value of investment securities available for sale as of December 31, 2014, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or repay obligations with or without call or prepayment penalties. Securities not due at a single maturity, such as mortgage-backed securities, marketable equity securities and the CRA Investment Fund, are shown separately.

Maturing in:
(In thousands)	Amortized Cost		Fair Value
One year or less	$	24,072	$	24,079
After one year through five years		33,789		34,077
After five years through ten years		14,566		14,787
After ten years		7,078		6,521
		79,505		79,464
Mortgage-backed securities-residential		239,975		242,289
SBA pool securities		8,015		7,944
CRA investment fund		3,000		2,955
Total	$	330,495	$	332,652

Schedule of Proceeds, Gains, Losses and Tax Effects

The following is a summary of the gross gains, gross losses and net tax expense related to proceeds on sales of securities available for sale for the years ended December 31,

(In thousands)	2014			2013			2012
Proceeds on sales	$	35,411		$	54,881		$	35,087
Gross gains		414			1,010			864
Gross losses		(154	)		(170	)		(8	)
Net tax expense		91			294			351

Schedule of Continuous Unrealized Losses and the Approximate Fair Value of these Investments

The following table presents the Company's available for sale securities with continuous unrealized losses and the approximate fair value of these investments as of December 31, 2014 and 2013.

	2013
	Duration of Unrecognized Loss
	Less Than 12 Months					12 Months or Longer					Total
	Approximate					Approximate					Approximate
	Fair		Unrecognized			Fair		Unrecognized			Fair		Unrecognized
(In thousands)	Value		Losses			Value		Losses			Value		Losses
U.S. government
sponsored entities	$	14,770	$	(1,216	)	$	—	$	—		$	14,770	$	(1,216	)
Mortgage-backed
securities-residential		71,154		(1,142	)		84		(3	)		71,238		(1,145	)
State and political
subdivisions		5,589		(71	)		—		—			5,589		(71	)
Single-issuer trust
Preferred security		—		—			2,370		(629	)		2,370		(629	)
CRA investment fund		2,884		(116	)		—		—			2,884		(116	)
Total	$	94,397	$	(2,545	)	$	2,454	$	(632	)	$	96,851	$	(3,177	)

	2014
	Duration of Unrecognized Loss
	Less Than 12 Months					12 Months or Longer					Total
	Approximate					Approximate					Approximate
	Fair		Unrecognized			Fair		Unrecognized			Fair		Unrecognized
(In thousands)	Value		Losses			Value		Losses			Value		Losses
U.S. government
sponsored entities	$	19,119	$	(20	)	$	2,963	$	(29	)	$	22,082	$	(49	)
Mortgage-backed
securities-residential		65,368		(191	)		20,428		(220	)		85,796		(411	)
SBA pool securities		7,944		(71	)		—		—			7,944		(71	)
State and political
subdivisions		505		(1	)		—		—			505		(1	)
Single-issuer trust
Preferred security		—		—			2,400		(599	)		2,400		(599	)
CRA investment fund		—		—			2,955		(45	)		2,955		(45	)
Total	$	92,936	$	(283	)	$	28,746	$	(893	)	$	121,682	$	(1,176	)