INVESTMENT SECURITIES AVAILABLE FOR SALE (Tables)

9 Months Ended

Sep. 30, 2020

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 September 30, 2020 and December 31, 2019 follows:

	September 30, 2020
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
(In thousands)	Cost		Gains		Losses			Value
U.S. treasuries	$	2,886	$	2	$	—		$	2,888
U.S government-sponsored agencies		79,424		62		(540	)		78,946
Mortgage-backed securities–residential		457,597		9,114		(416	)		466,295
SBA pool securities		37,312		17		(259	)		37,070
State and political subdivisions		8,578		116		—			8,694
Corporate bond		3,000		36		—			3,036
Total	$	588,797	$	9,347	$	(1,215	)	$	596,929

	December 31, 2019
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
(In thousands)	Cost		Gains		Losses			Value
U.S. government-sponsored agencies	$	34,961	$	37	$	(214	)	$	34,784
Mortgage-backed securities–residential		337,489		2,365		(950	)		338,904
SBA pool securities		2,799		—		(15	)		2,784
State and political subdivisions		11,175		41		(1	)		11,215
Corporate bond		3,000		68		—			3,068
Total	$	389,424	$	2,511	$	(1,180	)	$	390,755

Schedule of Available for Sale Securities with Continuous Unrealized Losses and Approximate Fair Value of Investments

The following tables present the Company’s available for sale securities in a continuous unrealized loss position and the approximate fair value of these investments as of September 30, 2020 and December 31, 2019.

	September 30, 2020
	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	$	49,411	$	(540	)	$	—	$	—		$	49,411	$	(540	)
Mortgage-backed securities-residential		47,995		(381	)		15,623		(35	)		63,618		(416	)
SBA pool securities		26,160		(241	)		2,458		(18	)		28,618		(259	)
Total	$	123,566	$	(1,162	)	$	18,081	$	(53	)	$	141,647	$	(1,215	)

	December 31, 2019
	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	$	19,758	$	(214	)	$	—	$	—		$	19,758	$	(214	)
Mortgage-backed securities-residential		78,982		(382	)		69,142		(568	)		148,124		(950	)
SBA pool securities		—		—			2,784		(15	)		2,784		(15	)
State and political subdivisions		783		(1	)		—		—			783		(1	)
Total	$	99,523	$	(597	)	$	71,926	$	(583	)	$	171,449	$	(1,180	)