SECURITIES (Tables)

9 Months Ended

Sep. 30, 2019

SECURITIES.

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

	September 30, 2019
			Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair
(In thousands)	Cost		Gains		Losses		Value
Available for sale:
U.S. GSE securities	$	5,000	$	—	$	(13)	$	4,987
State and municipal obligations		29,587		813		—		30,400
U.S. GSE residential mortgage-backed securities		89,104		530		(558)		89,076
U.S. GSE residential collateralized mortgage obligations		309,146		1,688		(1,643)		309,191
U.S. GSE commercial mortgage-backed securities		11,867		34		(16)		11,885
U.S. GSE commercial collateralized mortgage obligations		96,201		2,285		(133)		98,353
Other asset backed securities		24,250		—		(788)		23,462
Corporate bonds		46,000		—		(2,648)		43,352
Total available for sale		611,155		5,350		(5,799)		610,706
Held to maturity:
State and municipal obligations		42,512		928		—		43,440
U.S. GSE residential mortgage-backed securities		8,514		3		(58)		8,459
U.S. GSE residential collateralized mortgage obligations		43,881		739		(264)		44,356
U.S. GSE commercial mortgage-backed securities		17,407		209		(15)		17,601
U.S. GSE commercial collateralized mortgage obligations		27,415		297		(65)		27,647
Total held to maturity		139,729		2,176		(402)		141,503
Total securities	$	750,884	$	7,526	$	(6,201)	$	752,209

	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

	September 30, 2019
	Amortized		Estimated
(In thousands)	Cost		Fair Value
Maturity
Available for sale:
Within one year	$	1,133	$	1,133
One to five years		37,676		37,428
Five to ten years		47,649		45,898
Beyond ten years		524,697		526,247
Total	$	611,155	$	610,706
Held to maturity:
Within one year	$	8,768	$	8,787
One to five years		22,504		22,903
Five to ten years		31,673		32,300
Beyond ten years		76,784		77,513
Total	$	139,729	$	141,503

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

	September 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	$	—	$	—	$	4,987	$	(13)
State and municipal obligations		—		—		76		—
U.S. GSE residential mortgage-backed securities		4,855		(17)		45,344		(541)
U.S. GSE residential collateralized mortgage obligations		81,276		(610)		95,027		(1,033)
U.S. GSE commercial mortgage-backed securities		4,875		(16)		—		—
U.S. GSE commercial collateralized mortgage obligations		7,138		(9)		13,938		(124)
Other asset backed securities		—		—		23,462		(788)
Corporate bonds		—		—		43,352		(2,648)
Total available for sale	$	98,144	$	(652)	$	226,186	$	(5,147)
Held to maturity:
State and municipal obligations	$	—	$	—	$	402	$	—
U.S. GSE residential mortgage-backed securities		—		—		7,580		(58)
U.S. GSE residential collateralized mortgage obligations		—		—		9,090		(264)
U.S. GSE commercial mortgage-backed securities		—		—		5,187		(15)
U.S. GSE commercial collateralized mortgage obligations		8,115		(10)		4,428		(55)
Total held to maturity	$	8,115	$	(10)	$	26,687	$	(392)

	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)