SECURITIES (Tables)

12 Months Ended

Dec. 31, 2018

SECURITIES

Schedule of amortized cost and fair value of the available for sale and held to maturity

	December 31,
	2018								2017
			Gross		Gross		Estimated				Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair		Amortized		Unrealized		Unrealized		Fair
(In thousands)	Cost		Gains		Losses		Value		Cost		Gains		Losses		Value
Available for sale:
U.S. GSE securities	$	29,997	$	—	$	(947)	$	29,050	$	57,994	$	—	$	(1,180)	$	56,814
State and municipal obligations		40,980		105		(354)		40,731		87,582		259		(819)		87,022
U.S. GSE residential mortgage-backed securities		96,536		38		(3,036)		93,538		189,705		29		(2,833)		186,901
U.S. GSE residential collateralized mortgage obligations		362,905		826		(5,954)		357,777		314,390		16		(7,016)		307,390
U.S. GSE commercial mortgage-backed securities		3,536		—		(28)		3,508		6,017		2		(40)		5,979
U.S. GSE commercial collateralized mortgage obligations		93,177		—		(2,539)		90,638		49,965		—		(1,249)		48,716
Other asset-backed securities		24,250		—		(1,031)		23,219		24,250		—		(849)		23,401
Corporate bonds		46,000		—		(3,575)		42,425		46,000		—		(2,307)		43,693
Total available for sale		697,381		969		(17,464)		680,886		775,903		306		(16,293)		759,916
Held to maturity:
State and municipal obligations		53,540		290		(276)		53,554		60,762		972		(64)		61,670
U.S. GSE residential mortgage-backed securities		9,688		—		(336)		9,352		11,424		—		(261)		11,163
U.S. GSE residential collateralized mortgage obligations		48,244		163		(1,130)		47,277		54,250		244		(666)		53,828
U.S. GSE commercial mortgage-backed securities		19,098		4		(620)		18,482		22,953		77		(438)		22,592
U.S. GSE commercial collateralized mortgage obligations		29,593		—		(1,466)		28,127		31,477		—		(845)		30,632
Total held to maturity		160,163		457		(3,828)		156,792		180,866		1,293		(2,274)		179,885
Total securities	$	857,544	$	1,426	$	(21,292)	$	837,678	$	956,769	$	1,599	$	(18,567)	$	939,801

Schedule of securities having a continuous unrealized loss position aggregated by a period of time less than or greater than 12 months

	December 31,
	2018								2017
	Less than 12 months				Greater than 12 months				Less than 12 months				Greater than 12 months
	Estimated		Gross		Estimated		Gross		Estimated		Gross		Estimated		Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(In thousands)	Value		Losses		Value		Losses		Value		Losses		Value		Losses
Available for sale:
U.S. GSE securities	$	—	$	—	$	29,050	$	(947)	$	—	$	—	$	56,815	$	(1,180)
State and municipal obligations		6,655		(15)		21,273		(339)		35,350		(301)		28,165		(518)
U.S. GSE residential mortgage-backed securities		—		—		88,762		(3,036)		107,408		(1,153)		69,571		(1,680)
U.S. GSE residential collateralized mortgage obligations		46,452		(141)		172,468		(5,813)		77,705		(759)		224,932		(6,257)
U.S. GSE commercial mortgage-backed securities		—		—		3,508		(28)		2,345		(40)		—		—
U.S. GSE commercial collateralized mortgage obligations		46,705		(623)		43,933		(1,916)		452		(1)		48,264		(1,248)
Other asset-backed securities		—		—		23,219		(1,031)		—		—		23,401		(849)
Corporate bonds		—		—		42,425		(3,575)		13,588		(412)		30,105		(1,895)
Total available for sale	$	99,812	$	(779)	$	424,638	$	(16,685)	$	236,848	$	(2,666)	$	481,253	$	(13,627)
Held to maturity:
State and municipal obligations	$	8,286	$	(26)	$	22,142	$	(250)	$	7,709	$	(57)	$	1,009	$	(7)
U.S. GSE residential mortgage-backed securities		—		—		9,352		(336)		1,359		(16)		9,804		(245)
U.S. GSE residential collateralized mortgage obligations		—		—		40,665		(1,130)		21,329		(94)		21,112		(572)
U.S. GSE commercial mortgage-backed securities		—		—		16,205		(620)		8,789		(121)		8,303		(317)
U.S. GSE commercial collateralized mortgage obligations		—		—		28,127		(1,466)		10,341		(116)		20,290		(729)
Total held to maturity	$	8,286	$	(26)	$	116,491	$	(3,802)	$	49,527	$	(404)	$	60,518	$	(1,870)

Schedule of amortized cost, fair value and maturities of the available for sale and held to maturity investment securities portfolio

	December 31, 2018
	Within				After One but				After Five but				After
	One Year				Within Five Years				Within Ten Years				Ten Years				Total
	Estimated				Estimated				Estimated				Estimated				Estimated
	Fair		Amortized		Fair		Amortized		Fair		Amortized		Fair		Amortized		Fair		Amortized
(In thousands)	Value		Cost		Value		Cost		Value		Cost		Value		Cost		Value		Cost
Available for sale:
U.S. GSE securities	$	—	$	—	$	14,546	$	14,997	$	14,504	$	15,000	$	—	$	—	$	29,050	$	29,997
State and municipal obligations		5,028		5,049		11,744		11,786		20,011		20,186		3,948		3,959		40,731		40,980
U.S. GSE residential mortgage-backed securities		—		—		—		—		—		—		93,538		96,536		93,538		96,536
U.S. GSE residential collateralized mortgage obligations		—		—		—		—		5,153		5,085		352,624		357,820		357,777		362,905
U.S. GSE commercial mortgage-backed securities		—		—		3,508		3,536		—		—		—		—		3,508		3,536
U.S. GSE commercial collateralized mortgage obligations		—		—		—		—		—		—		90,638		93,177		90,638		93,177
Other asset backed securities		—		—		—		—		—		—		23,219		24,250		23,219		24,250
Corporate bonds		—		—		—		—		42,425		46,000		—		—		42,425		46,000
Total available for sale		5,028		5,049		29,798		30,319		82,093		86,271		563,967		575,742		680,886		697,381
Held to maturity:
State and municipal obligations		2,394		2,404		25,988		25,954		24,876		24,882		296		300		53,554		53,540
U.S. GSE residential mortgage-backed securities		—		—		—		—		7,105		7,333		2,247		2,355		9,352		9,688
U.S. GSE residential collateralized mortgage obligations		—		—		—		—		5,123		5,211		42,154		43,033		47,277		48,244
U.S. GSE commercial mortgage-backed securities		—		—		5,997		6,048		4,743		4,915		7,742		8,135		18,482		19,098
U.S. GSE commercial collateralized mortgage obligations		—		—		2,558		2,687		—		—		25,569		26,906		28,127		29,593
Total held to maturity		2,394		2,404		34,543		34,689		41,847		42,341		78,008		80,729		156,792		160,163
Total securities	$	7,422	$	7,453	$	64,341	$	65,008	$	123,940	$	128,612	$	641,975	$	656,471	$	837,678	$	857,544