INVESTMENT SECURITIES (Tables)

6 Months Ended

Jun. 30, 2018

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 June 30, 2018 and December 31, 2017 follows:

	June 30, 2018
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
(In thousands)	Cost		Gains		Losses			Value
U.S. government-sponsored agencies	$	68,418	$	—	$	(1,806	)	$	66,612
Mortgage-backed securities –residential		258,406		391		(4,828	)		253,969
SBA pool securities		4,705		—		(51	)		4,654
State and political subdivisions		18,648		45		(187	)		18,506
Corporate bond		3,000		49		—			3,049
Total	$	353,177	$	485	$	(6,872	)	$	346,790

	December 31, 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

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, 2018 and December 31, 2017.

	June 30, 2018
	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 agencies	$	40,315	$	(1,108	)	$	21,297	$	(698	)	$	61,612	$	(1,806	)
Mortgage-backed securities-residential		146,819		(2,579	)		69,614		(2,249	)		216,433		(4,828	)
SBA pool securities		—		—			4,654		(51	)		4,654		(51	)
State and political subdivisions		5,539		(140	)		3,706		(47	)		9,245		(187	)
Total	$	192,673	$	(3,827	)	$	99,271	$	(3,045	)	$	291,944	$	(6,872	)

	December 31, 2017
	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 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	)