SECURITIES (Tables)

12 Months Ended

Dec. 31, 2015

SECURITIES

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

December 31,	2015									2014
(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	$	63,238	$	—	$	(564	)	$	62,674	$	97,560	$	4	$	(2,139	)	$	95,425
State and municipal obligations		87,830		427		(322	)		87,935		63,583		318		(208	)		63,693
U.S. GSE residential mortgage-backed securities		201,297		237		(1,270	)		200,264		100,931		534		(40	)		101,425
U.S. GSE residential collateralized mortgage obligations		321,253		513		(3,888	)		317,878		261,256		310		(2,967	)		258,599
U.S. GSE commercial mortgage-backed securities		12,491		7		(80	)		12,418		3,016		—		(71	)		2,945
U.S. GSE commercial collateralized mortgage obligations		64,809		9		(620	)		64,198		24,179		44		(141	)		24,082
Other asset backed securities		24,250		—		(1,879	)		22,371		24,190		—		(1,153	)		23,037
Corporate Bonds		33,000		—		(535	)		32,465		17,952		161		(135	)		17,978
Total available for sale		808,168		1,193		(9,158	)		800,203		592,667		1,371		(6,854	)		587,184
Held to maturity:
U.S. GSE securities		7,466		1		—			7,467		11,283		135		(41	)		11,377
State and municipal obligations		64,878		1,715		(113	)		66,480		64,864		1,658		(98	)		66,424
U.S. GSE residential mortgage-backed securities		7,609		—		(106	)		7,503		6,667		—		(97	)		6,570
U.S. GSE residential collateralized mortgage obligations		60,933		617		(498	)		61,052		59,539		507		(862	)		59,184
U.S. GSE commercial mortgage-backed securities		23,056		210		(313	)		22,953		13,213		233		(26	)		13,420
U.S. GSE commercial collateralized mortgage obligations		33,409		282		(185	)		33,506		36,413		267		(431	)		36,249
Corporate Bonds		11,000		42		—			11,042		22,948		139		(22	)		23,065
Total held to maturity		208,351		2,867		(1,215	)		210,003		214,927		2,939		(1,577	)		216,289
Total securities	$	1,016,519	$	4,060	$	(10,373	)	$	1,010,206	$	807,594	$	4,310	$	(8,431	)	$	803,473

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

December 31,	2015								2014
	Less than 12 months				Greater than 12 months				Less than 12 months				Greater than 12 months
(In thousands)	Fair Value		Unrealized losses		Fair Value		Unrealized losses		Fair Value		Unrealized losses		Fair Value		Unrealized losses
Available for sale:
U.S. GSE securities	$	37,759	$	235	$	24,914	$	329	$	4,991	$	8	$	90,233	$	2,131
State and municipal obligations		39,621		298		5,118		24		12,330		79		14,592		129
U.S. GSE residential mortgage-backed securities		136,025		1,224		1,510		46		—		—		1,554		40
U.S. GSE residential collateralized mortgage obligations		187,543		1,781		66,830		2,107		60,126		349		122,179		2,618
U.S. GSE commercial mortgage-backed securities		8,594		80		—		—		—		—		2,944		71
U.S. GSE commercial collateralized mortgage obligations		51,178		503		10,034		117		13,830		108		4,636		33
Other asset backed securities		—		—		22,371		1,879		23,038		1,153		—		—
Corporate Bonds		27,640		360		4,825		175		9,865		135		—		—
Total available for sale		488,360		4,481		135,602		4,677		124,180		1,832		236,138		5,022
Held to maturity:
U.S. GSE securities		—		—		—		—		—		—		7,414		41
State and municipal obligations		18,375		113		—		—		11,343		97		202		1
U.S. GSE residential mortgage-backed securities		7,503		106		—		—		—		—		6,569		97
U.S. GSE residential collateralized mortgage obligations		15,918		149		15,679		349		10,422		46		30,413		816
U.S. GSE commercial mortgage-backed securities		13,982		313		—		—		—		—		4,188		26
U.S. GSE commercial collateralized mortgage obligations		7,912		8		3,813		177		14,392		73		8,611		358
Corporate Bonds		—		—		—		—		3,978		22		—		—
Total held to maturity	$	63,690	$	689	$	19,492	$	526	$	40,135	$	238	$	57,397	$	1,339

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

December 31, 2015	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	$	—	$	—	$	33,747	$	33,990	$	28,927	$	29,248	$	—	$	—	$	62,674	$	63,238
State and municipal obligations		4,801		4,785		46,591		46,696		27,692		27,478		8,851		8,871		87,935		87,830
U.S. GSE residential mortgage-backed securities		—		—		—		—		14,369		14,441		185,895		186,856		200,264		201,297
U.S. GSE residential collateralized mortgage obligations		—		—		—		—		4,227		4,242		313,651		317,011		317,878		321,253
U.S. GSE commercial mortgage-backed securities		—		—		5,898		5,925		6,520		6,566		—		—		12,418		12,491
U.S. GSE commercial collateralized mortgage obligations		—		—		—		—		5,968		5,974		58,230		58,835		64,198		64,809
Other Asset backed securities		—		—		—		—		—		—		22,371		24,250		22,371		24,250
Corporate Bonds		1,000		1,000		—		—		31,465		32,000		—		—		32,465		33,000
Total available for sale		5,801		5,785		86,236		86,611		119,168		119,949		588,998		595,823		800,203		808,168
Held to maturity:
U.S. GSE securities		—		—		7,467		7,466		—		—		—		—		7,467		7,466
State and municipal obligations		4,864		4,859		16,474		16,384		39,098		37,616		6,044		6,019		66,480		64,878
U.S. GSE residential mortgage-backed securities		—		—		5,032		5,080		14,685		14,841		3,236		3,135		22,953		23,056
U.S. GSE residential collateralized mortgage obligations		—		—		—		—		1,536		1,494		59,516		59,439		61,052		60,933
U.S. GSE commercial mortgage-backed securities		—		—		—		—		—		—		7,503		7,609		7,503		7,609
U.S. GSE commercial collateralized mortgage obligations		—		—		—		—		—		—		33,506		33,409		33,506		33,409
Corporate Bonds		—		—		11,042		11,000		—		—		—		—		11,042		11,000
Total held to maturity		4,864		4,859		40,015		39,930		55,319		53,951		109,805		109,611		210,003		208,351
Total securities	$	10,665	$	10,644	$	126,251	$	126,541	$	174,487	$	173,900	$	698,803	$	705,434	$	1,010,206	$	1,016,519