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Securities (Tables)
 6 Months Ended
Jun. 30, 2019
Securities [Abstract]  
Amortized Cost, Estimated Fair Value and Unrealized Gains (Losses) of Available for Sale ("AFS") Securities The amortized cost, estimated fair value and unrealized gains (losses) of available for sale (“AFS”) securities are as follows:

(In thousands)
  
Amortized
Cost
    
Unrealized
Gains
    
Unrealized
Losses
    
Estimated
Fair Value
  
As of June 30, 2019
                        
Federal agency
  
$
52,987
    
$
28
    
$
178
    
$
52,837
  
State & municipal
    
9
      
-
      
-
      
9
  
Mortgage-backed:
                                
Government-sponsored enterprises
    
458,878
      
3,624
      
666
      
461,836
  
U.S. government agency securities
    
36,447
      
955
      
11
      
37,391
  
Collateralized mortgage obligations:
                                
Government-sponsored enterprises
    
351,250
      
2,210
      
847
      
352,613
  
U.S. government agency securities
    
74,729
      
734
      
453
      
75,010
  
Total AFS securities
  
$
974,300
    
$
7,551
    
$
2,155
    
$
979,696
  
As of December 31, 2018
                                
Federal agency
  
$
84,982
    
$
10
    
$
693
    
$
84,299
  
State & municipal
    
30,136
      
16
      
237
      
29,915
  
Mortgage-backed:
                                
Government-sponsored enterprises
    
493,225
      
439
      
10,354
      
483,310
  
U.S. government agency securities
    
29,190
      
270
      
475
      
28,985
  
Collateralized mortgage obligations:
                                
Government-sponsored enterprises
    
332,409
      
344
      
7,211
      
325,542
  
U.S. government agency securities
    
47,684
      
137
      
1,376
      
46,445
  
Total AFS securities
  
$
1,017,626
    
$
1,216
    
$
20,346
    
$
998,496
  

Components of Net Realized Gains (Losses) on Sale of AFS Securities
The components of net realized gains (losses) on the sale of AFS securities are as follows. These amounts were reclassified out of AOCI and into earnings. There were no sales of AFS securities during the three months ended June 30, 2019 and 2018.


  
Six Months Ended
June 30,
  
(In thousands)
  
2019
    
2018
  
Gross realized gains
  
$
53
    
$
-
  
Gross realized (losses)
    
(152
)
    
-
  
Net AFS realized (losses)
  
$
(99
)
  
$
-
  

Amortized Cost, Estimated Fair Value, and Unrealized Gains (Losses) of Held to Maturity Securities The amortized cost, estimated fair value and unrealized gains (losses) of held to maturity (“HTM”) securities are as follows:

(In thousands)
  
Amortized
Cost
    
Unrealized
Gains
    
Unrealized
Losses
    
Estimated
Fair Value
  
As of June 30, 2019
                        
Federal agency
  
$
19,996
    
$
46
    
$
-
    
$
20,042
  
Mortgage-backed:
                                
Government-sponsored enterprises
    
163,049
      
2,334
      
484
      
164,899
  
U.S. government agency securities
    
14,530
      
921
      
-
      
15,451
  
Collateralized mortgage obligations:
                                
Government-sponsored enterprises
    
232,825
      
2,712
      
539
      
234,998
  
    U.S. government agency securities
    
103,457
      
3,303
      
-
      
106,760
  
State & municipal
    
210,744
      
2,177
      
76
      
212,845
  
Total HTM securities
  
$
744,601
    
$
11,493
    
$
1,099
    
$
754,995
  
As of December 31, 2018
                                
Federal agency
  
$
19,995
    
$
52
    
$
-
    
$
20,047
  
Mortgage-backed:
                                
Government-sponsored enterprises
    
164,618
      
712
      
2,773
      
162,557
  
U.S. government agency securities
    
15,230
      
403
      
-
      
15,633
  
Collateralized mortgage obligations:
                                
Government-sponsored enterprises
    
257,475
      
1,097
      
3,897
      
254,675
  
   U.S. government agency securities
    
83,148
      
767
      
-
      
83,915
  
State & municipal
    
243,133
      
331
      
1,616
      
241,848
  
Total HTM securities
  
$
783,599
    
$
3,362
    
$
8,286
    
$
778,675
  

Investment Securities with Unrealized Losses The following table sets forth information with regard to investment securities with unrealized losses segregated according to the length of time the securities had been in a continuous unrealized loss position:


 
Less Than 12 Months
    
12 Months or Longer
    
Total
  
(In thousands)
  
Fair
Value
    
Unrealized
Losses
    
Number
of
Positions
    
Fair
Value
    
Unrealized
Losses
    
Number
of
Positions
    
Fair
Value
    
Unrealized
Losses
    
Number
of
Positions
  
As of June 30, 2019
                                                      
AFS securities:
                                                      
Federal agency
  
$
-
    
$
-
      
-
    
$
9,822
    
$
(178
)
    
1
    
$
9,822
    
$
(178
)
    
1
  
Mortgage-backed
    
-
      
-
      
-
      
137,139
      
(677
)
    
44
      
137,139
      
(677
)
    
44
  
Collateralized mortgage obligations
    
4,342
      
(10
)
    
2
      
167,735
      
(1,290
)
    
39
      
172,077
      
(1,300
)
    
41
  
Total securities with unrealized losses
  
$
4,342
    
$
(10
)
    
2
    
$
314,696
    
$
(2,145
)
    
84
    
$
319,038
    
$
(2,155
)
    
86
  
                                                                         
HTM securities:
                                                                        
Mortgage-backed
  
$
-
    
$
-
      
-
    
$
40,748
    
$
(484
)
    
4
    
$
40,748
    
$
(484
)
    
4
  
Collateralized mortgage obligations
    
4,561
      
(75
)
    
1
      
29,546
      
(464
)
    
6
      
34,107
      
(539
)
    
7
  
State & municipal
    
-
      
-
      
-
      
8,590
      
(76
)
    
14
      
8,590
      
(76
)
    
14
  
Total securities with unrealized losses
  
$
4,561
    
$
(75
)
    
1
    
$
78,884
    
$
(1,024
)
    
24
    
$
83,445
    
$
(1,099
)
    
25
  
                                                                         
As of December 31, 2018
                                                                        
AFS securities:
                                                                        
Federal agency
  
$
-
    
$
-
      
-
    
$
64,294
    
$
(693
)
    
6
    
$
64,294
    
$
(693
)
    
6
  
State & municipal
    
1,715
      
(3
)
    
3
      
22,324
      
(234
)
    
35
      
24,039
      
(237
)
    
38
  
Mortgage-backed
    
18,462
      
(65
)
    
12
      
428,440
      
(10,764
)
    
101
      
446,902
      
(10,829
)
    
113
  
Collateralized mortgage obligations
    
12,118
      
(69
)
    
5
      
320,908
      
(8,518
)
    
62
      
333,026
      
(8,587
)
    
67
  
Total securities with unrealized losses
  
$
32,295
    
$
(137
)
    
20
    
$
835,966
    
$
(20,209
)
    
204
    
$
868,261
    
$
(20,346
)
    
224
  
                                                                         
HTM securities:
                                                                        
Mortgage-backed
  
$
-
    
$
-
      
-
    
$
82,579
    
$
(2,773
)
    
6
    
$
82,579
    
$
(2,773
)
    
6
  
Collateralized mortgage obligations
    
4,386
      
(7
)
    
2
      
145,396
      
(3,890
)
    
26
      
149,782
      
(3,897
)
    
28
  
State & municipal
    
18,907
      
(84
)
    
30
      
58,258
      
(1,532
)
    
86
      
77,165
      
(1,616
)
    
116
  
Total securities with unrealized losses
  
$
23,293
    
$
(91
)
    
32
    
$
286,233
    
$
(8,195
)
    
118
    
$
309,526
    
$
(8,286
)
    
150
  

Gains and Losses on Equity Securities The following tables set forth information with regard to gains and losses on equity securities:


 
Three Months Ended June 30,
  
(In thousands)
  
2019
    
2018
  
Net gains and losses recognized on equity securities
  
$
(69
)
  
$
91
  
Less: Net gains and losses recognized during the period on equity securities sold during the period
    
-
      
-
  
Unrealized gains and losses recognized on equity securities still held
  
$
(69
)
  
$
91
  


 
Six Months Ended June 30,
  
(In thousands)
  
2019
    
2018
  
Net gains and losses recognized on equity securities
  
$
87
    
$
163
  
Less: Net gains and losses recognized during the period on equity securities sold during the period
    
-
      
44
  
Unrealized gains and losses recognized on equity securities still held
  
$
87
    
$
119
  
Contractual Maturities of Debt Securities The following tables set forth information with regard to contractual maturities of debt securities at June 30, 2019:

(In thousands)
  
Amortized
Cost
    
Estimated
Fair Value
  
AFS debt securities:
            
Within one year
  
$
123
    
$
123
  
From one to five years
    
52,233
      
52,196
  
From five to ten years
    
174,204
      
175,628
  
After ten years
    
747,740
      
751,749
  
Total AFS debt securities
  
$
974,300
    
$
979,696
  
HTM debt securities:
                
Within one year
  
$
60,959
    
$
60,959
  
From one to five years
    
67,594
      
68,031
  
From five to ten years
    
190,717
      
193,697
  
After ten years
    
425,331
      
432,308
  
Total HTM debt securities
  
$
744,601
    
$
754,995