SECURITIES (Tables)

3 Months Ended

Mar. 31, 2019

SECURITIES.

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

	March 31, 2019
			Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair
(In thousands)	Cost		Gains		Losses		Value
Available for sale:
U.S. GSE securities	$	39,971	$	—	$	(496)	$	39,475
State and municipal obligations		42,699		538		(72)		43,165
U.S. GSE residential mortgage-backed securities		98,348		122		(1,858)		96,612
U.S. GSE residential collateralized mortgage obligations		367,763		1,291		(4,118)		364,936
U.S. GSE commercial mortgage-backed securities		7,050		5		—		7,055
U.S. GSE commercial collateralized mortgage obligations		92,334		—		(1,931)		90,403
Other asset backed securities		24,250		—		(1,152)		23,098
Corporate bonds		46,000		—		(3,293)		42,707
Total available for sale		718,415		1,956		(12,920)		707,451
Held to maturity:
State and municipal obligations		45,284		504		(35)		45,753
U.S. GSE residential mortgage-backed securities		9,309		—		(234)		9,075
U.S. GSE residential collateralized mortgage obligations		47,204		291		(746)		46,749
U.S. GSE commercial mortgage-backed securities		18,909		20		(393)		18,536
U.S. GSE commercial collateralized mortgage obligations		28,806		—		(1,286)		27,520
Total held to maturity		149,512		815		(2,694)		147,633
Total securities	$	867,927	$	2,771	$	(15,614)	$	855,084

	December 31, 2018
			Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair
(In thousands)	Cost		Gains		Losses		Value
Available for sale:
U.S. GSE securities	$	29,997	$	—	$	(947)	$	29,050
State and municipal obligations		40,980		105		(354)		40,731
U.S. GSE residential mortgage-backed securities		96,536		38		(3,036)		93,538
U.S. GSE residential collateralized mortgage obligations		362,905		826		(5,954)		357,777
U.S. GSE commercial mortgage-backed securities		3,536		—		(28)		3,508
U.S. GSE commercial collateralized mortgage obligations		93,177		—		(2,539)		90,638
Other asset-backed securities		24,250		—		(1,031)		23,219
Corporate bonds		46,000		—		(3,575)		42,425
Total available for sale		697,381		969		(17,464)		680,886
Held to maturity:
State and municipal obligations		53,540		290		(276)		53,554
U.S. GSE residential mortgage-backed securities		9,688		—		(336)		9,352
U.S. GSE residential collateralized mortgage obligations		48,244		163		(1,130)		47,277
U.S. GSE commercial mortgage-backed securities		19,098		4		(620)		18,482
U.S. GSE commercial collateralized mortgage obligations		29,593		—		(1,466)		28,127
Total held to maturity		160,163		457		(3,828)		156,792
Total securities	$	857,544	$	1,426	$	(21,292)	$	837,678

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

	March 31, 2019
	Amortized		Estimated
(In thousands)	Cost		Fair Value
Maturity
Available for sale:
Within one year	$	12,166	$	12,160
One to five years		46,305		45,668
Five to ten years		78,788		76,090
Beyond ten years		581,156		573,533
Total	$	718,415	$	707,451
Held to maturity:
Within one year	$	9,035	$	9,028
One to five years		25,953		26,037
Five to ten years		34,673		34,700
Beyond ten years		79,851		77,868
Total	$	149,512	$	147,633

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

	March 31, 2019
	Less than 12 months				Greater than 12 months
	Estimated		Gross		Estimated		Gross
	Fair		Unrealized		Fair		Unrealized
(In thousands)	Value		Losses		Value		Losses
Available for sale:
U.S. GSE securities	$	—	$	—	$	39,475	$	(496)
State and municipal obligations		—		—		10,061		(72)
U.S. GSE residential mortgage-backed securities		—		—		87,040		(1,858)
U.S. GSE residential collateralized mortgage obligations		67,391		(248)		166,790		(3,870)
U.S. GSE commercial collateralized mortgage obligations		47,013		(250)		43,390		(1,681)
Other asset backed securities		—		—		23,098		(1,152)
Corporate bonds		—		—		42,707		(3,293)
Total available for sale	$	114,404	$	(498)	$	412,561	$	(12,422)
Held to maturity:
State and municipal obligations	$	—	$	—	$	11,768	$	(35)
U.S. GSE residential mortgage-backed securities		—		—		9,075		(234)
U.S. GSE residential collateralized mortgage obligations		—		—		37,415		(746)
U.S. GSE commercial mortgage-backed securities		—		—		16,251		(393)
U.S. GSE commercial collateralized mortgage obligations		—		—		27,520		(1,286)
Total held to maturity	$	—	$	—	$	102,029	$	(2,694)

	December 31, 2018
	Less than 12 months				Greater than 12 months
	Estimated		Gross		Estimated		Gross
	Fair		Unrealized		Fair		Unrealized
(In thousands)	Value		Losses		Value		Losses
Available for sale:
U.S. GSE securities	$	—	$	—	$	29,050	$	(947)
State and municipal obligations		6,655		(15)		21,273		(339)
U.S. GSE residential mortgage-backed securities		—		—		88,762		(3,036)
U.S. GSE residential collateralized mortgage obligations		46,452		(141)		172,468		(5,813)
U.S. GSE commercial mortgage-backed securities		—		—		3,508		(28)
U.S. GSE commercial collateralized mortgage obligations		46,705		(623)		43,933		(1,916)
Other asset-backed securities		—		—		23,219		(1,031)
Corporate bonds		—		—		42,425		(3,575)
Total available for sale	$	99,812	$	(779)	$	424,638	$	(16,685)
Held to maturity:
State and municipal obligations	$	8,286	$	(26)	$	22,142	$	(250)
U.S. GSE residential mortgage-backed securities		—		—		9,352		(336)
U.S. GSE residential collateralized mortgage obligations		—		—		40,665		(1,130)
U.S. GSE commercial mortgage-backed securities		—		—		16,205		(620)
U.S. GSE commercial collateralized mortgage obligations		—		—		28,127		(1,466)
Total held to maturity	$	8,286	$	(26)	$	116,491	$	(3,802)