INVESTMENT SECURITIES (Tables)

12 Months Ended

Dec. 31, 2014

Investment Securities [Abstract]

Amortized cost, gross unrealized gains and losses, and fair value of available-for-sale investment securities

As of December 31, 2014			Included in OCI*
			Gross		Gross
	Amortized		unrealized		unrealized
(In thousands)	cost		gains		losses		Fair value
U.S. government agencies	$	26,123	$	—	$	(834)	$	25,289
Mortgage-backed securities-residential		22,073		375		(61)		22,387
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		167,711		2,350		(1,084)		168,977
Non-agency		3,738		7		(14)		3,731
Corporate bonds		15,617		144		(34)		15,727
Municipal bonds		10,117		91		(35)		10,173
Other securities		2,684		1,350		—		4,034
Common stocks		33		17		—		50
Total available for sale	$	248,096	$	4,334	$	(2,062)	$	250,368

As of December 31, 2013			Included in OCL*
			Gross		Gross
	Amortized		unrealized		unrealized
(In thousands)	cost		gains		losses		Fair value
U.S. government agencies	$	68,207	$	—	$	(6,171)	$	62,036
Mortgage-backed securities-residential		32,769		210		(882)		32,097
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		188,194		2,887		(1,978)		189,103
Non-agency		4,454		25		—		4,479
Corporate bonds		9,669		25		(256)		9,438
Municipal bonds		7,163		—		(263)		6,900
Other securities		3,363		1,405		(143)		4,625
Common stocks		33		16		—		49
Total available for sale	$	313,852	$	4,568	$	(9,693)	$	308,727

* OCI: Other comprehensive income; OCL: Other comprehensive loss

Amortized cost and fair value of investment securities, by contractual maturity

	As of December 31, 2014
	Amortized
(In thousands)	cost		Fair value
Within 1 year	$	—	$	—
After 1 but within 5 years		17,429		17,329
After 5 but within 10 years		25,316		25,054
After 10 years		9,112		8,806
Mortgage-backed securities-residential		22,073		22,387
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		167,711		168,977
Non-agency		3,738		3,731
Total available for sale debt securities		245,379		246,284
No contractual maturity		2,717		4,084
Total available for sale securities	$	248,096	$	250,368

Gross realized gains and losses realized on sale of securities

	For the year ended
	ended December 31,
(In thousands)	2014		2013
Gross realized gains	$	1,327	$	416
Gross realized losses		(950)		(258)
Net realized gains (losses)	$	377	$	158

Investment securities in a continuous unrealized loss position

December 31, 2014	Less than 12 months					12 months or longer					Total
			Gross		Number			Gross		Number			Gross		Number
			unrealized		of			unrealized		of			unrealized		of
(In thousands)	Fair value		losses		positions	Fair value		losses		positions	Fair value		losses		positions
U.S. government agencies	$	—	$	—	—	$	25,289	$	(834)	8	$	25,289	$	(834)	8
Mortgage-backed securities-residential		—		—	—		8,913		(61)	3		8,913		(61)	3
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		36,757		(204)	12		38,798		(880)	12		75,555		(1,084)	24
Non-agency		1,432		(14)	1		—		—	—		1,432		(14)	1
Corporate bonds		8,054		(25)	5		991		(9)	1		9,045		(34)	6
Municipal bonds		1,639		(7)	2		3,079		(28)	4		4,718		(35)	6
Total available for sale	$	47,882	$	(250)	20	$	77,070	$	(1,812)	28	$	124,952	$	(2,062)	48

December 31, 2013	Less than 12 months					12 months or longer					Total
			Gross		Number			Gross		Number			Gross		Number
			unrealized		of			unrealized		of			unrealized		of
(In thousands)	Fair value		losses		positions	Fair value		losses		positions	Fair value		losses		positions
U.S. government agencies	$	48,919	$	(5,035)	16	$	12,267	$	(1,136)	5	$	61,186	$	(6,171)	21
Mortgage-backed securities-residential		18,045		(518)	7		6,276		(364)	2		24,321		(882)	9
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		67,240		(1,446)	21		9,974		(532)	3		77,214		(1,978)	24
Corporate bonds		4,848		(221)	5		965		(35)	1		5,813		(256)	6
Municipal bonds		3,019		(102)	5		3,881		(161)	4		6,900		(263)	9
Other securities		—		—	—		301		(143)	2		301		(143)	2
Total available for sale	$	142,071	$	(7,322)	54	$	33,664	$	(2,371)	17	$	175,735	$	(9,693)	71