SECURITIES (Tables)

6 Months Ended

Jun. 30, 2019

SECURITIES.

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

	June 30, 2019
			Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair
(In thousands)	Cost		Gains		Losses		Value
Available for sale:
U.S. GSE securities	$	15,000	$	—	$	(37)	$	14,963
State and municipal obligations		28,108		641		(1)		28,748
U.S. GSE residential mortgage-backed securities		93,898		268		(909)		93,257
U.S. GSE residential collateralized mortgage obligations		333,584		1,628		(1,428)		333,784
U.S. GSE commercial mortgage-backed securities		7,013		38		—		7,051
U.S. GSE commercial collateralized mortgage obligations		97,720		1,306		(629)		98,397
Other asset backed securities		24,250		—		(788)		23,462
Corporate bonds		46,000		—		(2,765)		43,235
Total available for sale		645,573		3,881		(6,557)		642,897
Held to maturity:
State and municipal obligations		42,582		927		(1)		43,508
U.S. GSE residential mortgage-backed securities		8,900		—		(109)		8,791
U.S. GSE residential collateralized mortgage obligations		45,961		655		(315)		46,301
U.S. GSE commercial mortgage-backed securities		18,721		125		(70)		18,776
U.S. GSE commercial collateralized mortgage obligations		28,552		118		(566)		28,104
Total held to maturity		144,716		1,825		(1,061)		145,480
Total securities	$	790,289	$	5,706	$	(7,618)	$	788,377

	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

	June 30, 2019
	Amortized		Estimated
(In thousands)	Cost		Fair Value
Maturity
Available for sale:
Within one year	$	3,066	$	3,065
One to five years		32,267		31,885
Five to ten years		57,250		55,385
Beyond ten years		552,990		552,562
Total	$	645,573	$	642,897
Held to maturity:
Within one year	$	8,779	$	8,800
One to five years		24,495		24,909
Five to ten years		32,654		33,139
Beyond ten years		78,788		78,632
Total	$	144,716	$	145,480

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

	June 30, 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	$	—	$	—	$	14,963	$	(37)
State and municipal obligations		—		—		2,964		(1)
U.S. GSE residential mortgage-backed securities		—		—		67,117		(909)
U.S. GSE residential collateralized mortgage obligations		35,723		(132)		134,232		(1,296)
U.S. GSE commercial collateralized mortgage obligations		—		—		44,046		(629)
Other asset backed securities		—		—		23,462		(788)
Corporate bonds		—		—		43,235		(2,765)
Total available for sale	$	35,723	$	(132)	$	330,019	$	(6,425)
Held to maturity:
State and municipal obligations	$	—	$	—	$	405	$	(1)
U.S. GSE residential mortgage-backed securities		—		—		8,791		(109)
U.S. GSE residential collateralized mortgage obligations		—		—		24,594		(315)
U.S. GSE commercial mortgage-backed securities		—		—		5,216		(70)
U.S. GSE commercial collateralized mortgage obligations		—		—		18,146		(566)
Total held to maturity	$	—	$	—	$	57,152	$	(1,061)

	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)