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INVESTMENT SECURITIES AVAILABLE FOR SALE (Tables)
6 Months Ended
Jun. 30, 2015
INVESTMENT SECURITIES AVAILABLE FOR SALE [Abstract]  
Schedule of Amortized Cost and Approximate Fair Value of Securities Available for Sale

 

June 30, 2015
Gross     Gross        
Amortized Unrealized     Unrealized     Fair  
(In thousands) Cost Gains     Losses     Value  
U.S. government-sponsored entities   $ 4,830     $ 8     $ (16 )   $ 4,822  
Mortgage-backed securities – residential     191,885       2,149       (196 )     193,838  
Small business administration                                
   pool securities     7,817             (59 )     7,758  
State and political subdivisions     33,556       445       (1 )     34,000  
Single-issuer trust preferred security     2,999             (464 )     2,535  
CRA investment     3,000             (56 )     2,944  
   Total   $ 244,087     $ 2,602     $ (792 )   $ 245,897  

 

December 31, 2014
Gross     Gross        
Amortized Unrealized     Unrealized     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  
Small business administration                                
   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     3,000             (45 )     2,955  
   Total   $ 330,495     $ 3,333     $ (1,176 )   $ 332,652  
Schedule of Continuous Unrealized Losses and the Approximate Fair Value of these Investments
June 30, 2015
Duration of Unrealized Loss
Less Than 12 Months 12 Months or Longer Total  
Approximate Approximate           Approximate        
    Fair     Unrealized     Fair     Unrealized     Fair     Unrealized  
(In thousands)   Value     Losses     Value     Losses     Value     Losses  
U.S. government                                                
   Sponsored entities   $ 2,977     $ (16 )   $     $     $ 2,977     $ (16 )
Mortgage-backed                                                
  securities-residential     25,020       (86 )     10,452       (110 )     35,472       (196 )
Small business                                                
   administration                                                
   pool securities     7,758       (59 )                 7,758       (59 )
State and political                                                
   subdivisions     498       (1 )                 498       (1 )
Single-issuer trust                                                
  preferred security                 2,535       (464 )     2,535       (464 )
CRA investment fund                 2,944       (56 )     2,944       (56 )
    Total   $ 36,253     $ (162 )   $ 15,931     $ (630 )   $ 52,184     $ (792 )

 

December 31, 2014
Duration of Unrealized Loss
Less Than 12 Months 12 Months or Longer Total  
Approximate Approximate           Approximate        
    Fair     Unrealized     Fair     Unrealized     Fair     Unrealized  
(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 )
Small business                                                
   administration                                                
   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 )