Investment Securities (Tables)

3 Months Ended

Mar. 31, 2016

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-Sale Investment Securities

The portfolio of investment securities consisted of the following (in thousands):

	March 31, 2016
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available-for-sale:
Obligations of state and political subdivisions	$	23,624	$	625	$	10	$	24,239
GSE mortgage-backed securities	81,030		2,890		24		83,896
Collateralized mortgage obligations: residential	187,859		871		744		187,986
Collateralized mortgage obligations: commercial	3,951		—		43		3,908
Mutual funds	2,100		22		—		2,122
	$	298,564	$	4,408	$	821	$	302,151
	December 31, 2015
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available-for-sale:
Obligations of state and political subdivisions	$	30,750	$	770	$	27	$	31,493
GSE mortgage-backed securities	84,946		2,321		229		87,038
Collateralized mortgage obligations: residential	194,067		297		2,276		192,088
Collateralized mortgage obligations: commercial	5,512		1		65		5,448
Mutual funds	2,100		—		8		2,092
	$	317,375	$	3,389	$	2,605	$	318,159

Schedule of Held-to-Maturity Securities

	March 31, 2016
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Held-to-maturity:
Obligations of state and political subdivisions	$	43,430	$	935	$	4	$	44,361
GSE mortgage-backed securities	53,423		1,256		12		54,667
Collateralized mortgage obligations: residential	10,429		—		193		10,236
Collateralized mortgage obligations: commercial	6,341		26		—		6,367
	$	113,623	$	2,217	$	209	$	115,631
	December 31, 2015
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Held-to-maturity:
Obligations of state and political subdivisions	$	43,737	$	697	$	6	$	44,428
GSE mortgage-backed securities	55,696		705		131		56,270
Collateralized mortgage obligations: residential	10,803		—		361		10,442
Collateralized mortgage obligations: commercial	6,556		2		—		6,558
	$	116,792	$	1,404	$	498	$	117,698

Summary of Amortized Cost and Fair Value of Debt Securities by Contractual Maturity

The amortized cost and fair value of debt securities at March 31, 2016 by contractual maturity are shown in the following table (in thousands) with the exception of other asset-backed securities, mortgage-backed securities, CMOs, and the collateralized debt obligation.   Expected maturities may differ from contractual maturities for mortgage-backed securities and CMOs because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

	Amortized Cost		Fair Value
Available-for-sale:
Due in one year or less	$	2,249	$	2,276
Due after one year through five years	17,887		18,379
Due after five years through ten years	2,871		2,973
Due after ten years	617		611
Mortgage-backed securities and collateralized mortgage obligations:
Residential	268,889		271,882
Commercial	3,951		3,908
Mutual funds	2,100		2,122
	$	298,564	$	302,151
	Amortized Cost		Fair Value
Held-to-maturity:
Due in one year or less	$	479	$	479
Due after one year through five years	3,454		3,501
Due after five years through ten years	11,390		11,691
Due after ten years	28,107		28,690
Mortgage-backed securities and collateralized mortgage obligations:
Residential	63,852		64,903
Commercial	6,341		6,367
	$	113,623	$	115,631

Schedule of Investment Securities with Unrealized Losses

Details concerning investment securities with unrealized losses are as follows (in thousands):

	March 31, 2016
	Securities with losses under 12 months				Securities with losses over 12 months				Total
	Fair Value		Gross Unrealized  Loss		Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss
Available-for-sale:
Obligations of state and  political subdivisions	$	597	$	4	$	610	$	6	$	1,207	$	10
GSE mortgage-backed  securities	11,054		24		—		—		11,054		24
Collateralized mortgage  obligations: residential	56,918		269		26,003		475		82,921		744
Collateralized mortgage  obligations: commercial	1,236		2		2,673		41		3,909		43
	$	69,805	$	299	$	29,286	$	522	$	99,091	$	821

	December 31, 2015
	Securities with losses under 12 months				Securities with losses over 12 months				Total
	Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss
Available-for-sale:
Obligations of state and political subdivisions	$	1,192	$	27	$	—	$	—	$	1,192	$	27
GSE mortgage-backed  securities	21,607		229		—		—		21,607		229
Collateralized mortgage  obligations: residential	140,999		1,207		30,029		1,069		171,028		2,276
Collateralized mortgage  obligations: commercial	—		—		2,946		65		2,946		65
Other asset-backed securities	2,092		8		—		—		2,092		8
	$	165,890	$	1,471	$	32,975	$	1,134	$	198,865	$	2,605

	March 31, 2016
	Securities with losses under 12 months				Securities with losses over 12 months				Total
	Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss
Held-to-maturity:
Obligations of state and political subdivisions	$	—	$	—	$	505	$	4	$	505	$	4
GSE mortgage-backed securities	6,915		12		—		—		6,915		12
Collateralized mortgage obligations: residential	—		—		10,235		193		10,235		193
	$	6,915	$	12	$	10,740	$	197	$	17,655	$	209
	December 31, 2015
	Securities with losses under 12 months				Securities with losses over 12 months				Total
	Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss
Held-to-maturity:
Obligations of state and political subdivisions	$	541	$	1	$	505	$	5	$	1,046	$	6
GSE mortgage-backed securities	—		—		7,021		131		7,021		131
Collateralized mortgage obligations: residential	—		—		10,442		361		10,442		361
	$	541	$	1	$	17,968	$	497	$	18,509	$	498