SECURITIES (Tables)

12 Months Ended

Dec. 31, 2012

SECURITIES

Summary of the Amortized Cost and Estimated Fair Value of Securities Available-for-Sale and Held-to-Maturity

December 31,	2012									2011
(In thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Available for sale:
U.S. GSE securities	$	178,421	$	377	$	(346	)	$	178,452	$	130,708	$	968	$	(2	)	$	131,674
State and municipal obligations	58,867		1,132		(36		)	59,963		52,861		1,366		(8		)	54,219
U.S. GSE residential mortgage-backed securities	19,462		1,135		—			20,597		67,317		3,667		—			70,984
U.S. GSE residential collateralized mortgage obligations	224,226		2,762		(542		)	226,446		175,878		3,493		(46		)	179,325
U.S. GSE commercial mortgage-backed securities	3,132		6		—			3,138		—		—		—			—
U.S. GSE commercial collateralized mortgage obligations	9,079		278		—			9,357		5,167		70		—			5,237
Non Agency commercial mortgage-backed securities	4,754		235		—			4,989		—		—		—			—
Other asset backed securities	26,588		65		(525		)	26,128		—		—		—			—
Total available for sale	524,529		5,990		(1,449		)	529,070		431,931		9,564		(56		)	441,439
Held to maturity:
U.S. GSE securities	4,992		24		—			5,016		—		—		—			—
State and municipal obligations	98,752		2,241		(31		)	100,962		104,314		2,048		(5		)	106,357
U.S. GSE residential mortgage-backed securities	9,483		26		—			9,509		—		—		—			—
U.S. GSE residential collateralized mortgage obligations	59,388		704		(404		)	59,688		42,081		1,104		(21		)	43,164
U.S. GSE commercial mortgage-backed securities	10,324		350		—			10,674		—		—		—			—
U.S. GSE commercial collateralized mortgage obligations	4,975		254		—			5,229		—		—		—			—
Corporate Bonds	22,821		134		(331		)	22,624		22,758		3		(1,330		)	21,431
Total held to maturity	210,735		3,733		(766		)	213,702		169,153		3,155		(1,356		)	170,952
Total securities	$	735,264	$	9,723	$	(2,215	)	$	742,772	$	601,084	$	12,719	$	(1,412	)	$	612,391

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

December 31,	2012								2011
(In thousands)	Less than 12 months				Greater than 12 months				Less than 12 months				Greater than 12 months
	Fair Value		Unrealized losses		Fair Value		Unrealized losses		Fair Value		Unrealized losses		Fair Value		Unrealized losses
Available for sale:
U.S. GSE securities	$	79,692	$	346	$	—	$	—	$	7,196	$	2	$	—	$	—
State and municipal obligations	13,878		36		226		—		4,283		8		—		—
U.S. GSE residential mortgage-backed securities	90		—		—		—		—		—		—		—
U.S. GSE residential collateralized mortgage obligations	65,961		542		—		—		7,672		46		—		—
Other asset backed securities	18,109		525		—		—		—		—		—		—
Total available for sale	177,730		1,449		226		—		19,151		56		—		—
Held to maturity:
State and municipal obligations	28,939		31		—		—		7,011		5		—		—
U.S. GSE residential collateralized mortgage obligations	41,563		404		—		—		4,810		21		—		—
Corporate Bonds	—		—		17,669		331		4,664		336		12,006		994
Total held to maturity	$	70,502	$	435	$	17,669	$	331	$	16,485	$	362	$	12,006	$	994

Summary of Available-for-Sale and Held-to-Maturity Securities by Contractual Maturity

December 31, 2012	Within One Year				After One But Within Five Years				After Five But Within Ten Years				After Ten Years				Total
(In thousands)	Fair Value Amount		Amortized Cost Amount		Fair Value Amount		Amortized Cost Amount		Fair Value Amount		Amortized Cost Amount		Fair Value Amount		Amortized Cost Amount		Fair Value Amount		Amortized Cost Amount
Available for sale:
U.S. GSE securities	$	—	$	—	$	568	$	539	$	137,880	$	137,824	$	40,004	$	40,058	$	178,452	$	178,421
State and municipal obligations	16,160		16,123		38,099		37,165		5,227		5,123		477		456		59,963		58,867
U.S. GSE residential mortgage-backed securities	—		—		568		533		9,831		9,314		10,198		9,615		20,597		19,462
U.S. GSE residential collateralized mortgage obligations	—		—		—		—		15,401		15,422		211,045		208,804		226,446		224,226
U.S. GSE commercial mortgage-backed securities	—		—		—		—		3,138		3,132		—		—		3,138		3,132
U.S. GSE commercial collateralized mortgage obligations	—		—		—		—		—		—		9,357		9,079		9,357		9,079
Non Agency commercial mortgage-backed securities	—		—		—		—		—		—		4,989		4,754		4,989		4,754
Other Asset backed securities	—		—		—		—		7,971		7,996		18,157		18,592		26,128		26,588
Total available for sale	16,160		16,123		39,235		38,237		179,448		178,811		294,227		291,358		529,070		524,529
Held to maturity:
U. S. GSE securities	—		—		—		—		5,016		4,992		—		—		5,016		4,992
State and municipal obligations	50,390		50,362		25,459		25,058		6,756		6,270		18,357		17,062		100,962		98,752
U.S. GSE residential mortgage-backed securities	—		—		—		—		—		—		9,509		9,483		9,509		9,483
U.S. GSE residential collateralized mortgage obligations	—		—		—		—		780		751		58,908		58,637		59,688		59,388
U.S. GSE commercial mortgage-backed securities	—		—		—		—		10,674		10,324		—		—		10,674		10,324
U.S. GSE commercial collateralized mortgage obligations	—		—		—		—		—		—		5,229		4,975		5,229		4,975
Corporate Bonds	—		—		22,624		22,821		—		—		—		—		22,624		22,821
Total held to maturity	50,390		50,362		48,083		47,879		23,226		22,337		92,003		90,157		213,702		210,735
Total securities	$	66,550	$	66,485	$	87,318	$	86,116	$	202,674	$	201,148	$	386,230	$	381,515	$	742,772	$	735,264