INVESTMENT SECURITIES AVAILABLE FOR SALE (Tables)

12 Months Ended

Dec. 31, 2017

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, 2017 and 2016 follows:

	2017
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
(In thousands)	Cost		Gains		Losses			Value
U.S. government-sponsored agencies	$	44,476	$	—	$	(775	)	$	43,701
Mortgage-backed securities-residential		244,913		583		(2,380	)		243,116
SBA pool securities		5,262		—		(57	)		5,205
State and political subdivisions		24,910		87		(129	)		24,868
Corporate bond		3,000		82		—			3,082
Single-issuer trust preferred security		2,999		—		(162	)		2,837
CRA investment fund		5,000		—		(176	)		4,824
Total	$	330,560	$	752	$	(3,679	)	$	327,633

	2016
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
(In thousands)	Cost		Gains		Losses			Value
U.S. government-sponsored agencies	$	21,991	$	—	$	(474	)	$	21,517
Mortgage-backed securities-residential		238,271		860		(1,514	)		237,617
SBA pool securities		6,778		—		(65	)		6,713
State and political subdivisions		29,107		160		(274	)		28,993
Corporate bond		3,000		113		—			3,113
Single-issuer trust preferred security		2,999		—		(389	)		2,610
CRA investment fund		5,000		—		(175	)		4,825
Total	$	307,146	$	1,133	$	(2,891	)	$	305,388

Schedule of Securities Classified by Maturity

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	$	18,057	$	17,999
After one year through five years		15,990		15,714
After five years through ten years		37,972		37,394
After ten years		3,366		3,381
		75,385		74,488
Mortgage-backed securities-residential		244,913		243,116
SBA pool securities		5,262		5,205
CRA investment fund		5,000		4,824
Total	$	330,560	$	327,633

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)	2017		2016			2015
Proceeds on sales	$	—	$	5,499		$	46,254
Gross gains		—		133			536
Gross losses		—		(14	)		(9	)
Net tax expense		—		44			216

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, 2017 and 2016.

	2017
	Duration of Unrecognized 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 agencies	$	32,166	$	(317	)	$	11,535	$	(458	)	$	43,701	$	(775	)
Mortgage-backed
securities-residential		116,774		(1,000	)		71,646		(1,380	)		188,420		(2,380	)
SBA pool securities		—		—			5,205		(57	)		5,205		(57	)
State and political
subdivisions		5,628		(97	)		3,760		(32	)		9,388		(129	)
Single-issuer trust
preferred security		—		—			2,837		(162	)		2,837		(162	)
CRA investment fund		—		—			4,824		(176	)		4,824		(176	)
Total	$	154,568	$	(1,414	)	$	99,807	$	(2,265	)	$	254,375	$	(3,679	)

	2016
	Duration of Unrecognized 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 agencies	$	21,517	$	(474	)	$	—	$	—		$	21,517	$	(474	)
Mortgage-backed
securities-residential		151,114		(1,472	)		5,147		(42	)		156,261		(1,514	)
SBA pool securities		—		—			6,713		(65	)		6,713		(65	)
State and political
subdivisions		9,412		(274	)		—		—			9,412		(274	)
Single-issuer trust
preferred security		—		—			2,610		(389	)		2,610		(389	)
CRA investment fund		1,930		(70	)		2,894		(105	)		4,824		(175	)
Total	$	183,973	$	(2,290	)	$	17,364	$	(601	)	$	201,337	$	(2,891	)