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INTEREST-BEARING DEPOSITS AND SECURITIES (Tables)
 3 Months Ended
Mar. 31, 2015
Marketable Securities [Line Items]  
Schedule of Investments
The following table sets forth additional detail regarding our interest-bearing deposits and securities at the dates indicated (includes securities—trading, available-for-sale and held-to-maturity, all at carrying value) (in thousands):
 
March 31, 2015
 
December 31, 2014
Interest-bearing deposits included in cash and due from banks
$
215,114

 
$
54,995

U.S. Government and agency obligations
26,242

 
33,421

Municipal bonds:


 


Taxable
29,374

 
29,566

Tax exempt
154,853

 
141,853

Total municipal bonds
184,227

 
171,419

Corporate bonds
24,297

 
25,936

Mortgage-backed or related securities:


 


One- to four-family residential agency guaranteed
57,966

 
58,825

One- to four-family residential other
575

 
713

Multifamily agency guaranteed
237,816

 
256,272

Multifamily other
10,650

 
10,497

Total mortgage-backed or related securities
307,007

 
326,307

Asset-backed securities:


 


Student Loan Marketing Association (SLMA)
15,611

 
15,629

Other asset-backed securities
9,889

 
9,766

Total asset-backed securities
25,500

 
25,395

Equity securities (excludes FHLB stock)
57

 
59

Total securities
567,330

 
582,537

Total interest-bearing deposits and securities
$
782,444

 
$
637,532
Schedule of Trading Securities
Securities—Trading:  The amortized cost and estimated fair value of securities—trading at March 31, 2015 and December 31, 2014 are summarized as follows (dollars in thousands):
 
March 31, 2015
 
December 31, 2014
 
Amortized Cost
 
Fair Value
 
Percent of Total
 
Amortized Cost
 
Fair Value
 
Percent of Total
U.S. Government and agency obligations
$
1,340

 
$
1,515

 
4.0
%
 
$
1,340

 
$
1,505

 
3.7
%
Municipal bonds:


 


 
 
 
 
 
 
 
 
Tax exempt
1,404

 
1,432

 
3.8

 
1,405

 
1,440

 
3.6

Corporate bonds
24,968

 
17,456

 
45.8

 
27,995

 
19,118

 
47.5

Mortgage-backed or related securities:


 


 
 
 
 
 
 
 
 
One- to four-family residential agency guaranteed
7,547

 
8,188

 
21.5

 
8,077

 
8,726

 
21.7

Multifamily agency guaranteed
8,605

 
9,426

 
24.8

 
8,649

 
9,410

 
23.4

Total mortgage-backed or related securities
16,152

 
17,614

 
46.3

 
16,726

 
18,136

 
45.1

Equity securities
14

 
57

 
0.1

 
14

 
59

 
0.1

 
$
43,878

 
$
38,074

 
100.0
%
 
$
47,480

 
$
40,258

 
100.0
%
Schedule of Available-for-sale Securities
Securities—Available-for-Sale:  The amortized cost and estimated fair value of securities—available-for-sale at March 31, 2015 and December 31, 2014 are summarized as follows (dollars in thousands):
 
March 31, 2015
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
Percent of Total
U.S. Government and agency obligations
$
22,648

 
$
12

 
$
(69
)
 
$
22,591

 
5.7
%
Municipal bonds:


 


 


 


 
 
Taxable
16,524

 
89

 
(10
)
 
16,603

 
4.2

Tax exempt
43,608

 
169

 
(72
)
 
43,705

 
11.0

Total municipal bonds
60,132

 
258

 
(82
)
 
60,308

 
15.2

Corporate bonds
5,000

 
41

 
—

 
5,041

 
1.3

Mortgage-backed or related securities:


 


 


 


 
 
One- to four-family residential agency guaranteed
47,569

 
893

 
(161
)
 
48,301

 
12.2

One- to four-family residential other
544

 
31

 
—

 
575

 
0.1

Multifamily agency guaranteed
221,970

 
1,217

 
(546
)
 
222,641

 
56.3

Multifamily other
10,480

 
170

 
—

 
10,650

 
2.7

Total mortgage-backed or related securities
280,563

 
2,311

 
(707
)
 
282,167

 
71.3

Asset-backed securities:


 


 


 


 
 
SLMA
15,440

 
171

 
—

 
15,611

 
4.0

Other asset-backed securities
10,048

 
—

 
(159
)
 
9,889

 
2.5

Total asset-backed securities
25,488

 
171

 
(159
)
 
25,500

 
6.5

 
$
393,831

 
$
2,793

 
$
(1,017
)
 
$
395,607

 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
December 31, 2014
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
Percent of Total
U.S. Government and agency obligations
$
29,973

 
$
8

 
$
(211
)
 
$
29,770

 
7.2
%
Municipal bonds:
 
 
 
 
 
 
 
 
 
Taxable
16,565

 
65

 
(52
)
 
16,578

 
4.0

Tax exempt
33,394

 
125

 
(69
)
 
33,450

 
8.2

Total municipal bonds
49,959

 
190

 
(121
)
 
50,028

 
12.2

Corporate bonds
5,000

 
18

 
—

 
5,018

 
1.2

Mortgage-backed or related securities:
 
 
 
 
 
 
 
 
 
One- to four-family residential agency guaranteed
48,001

 
758

 
(240
)
 
48,519

 
11.8

One- to four-family residential other
675

 
38

 
—

 
713

 
0.2

Multifamily agency guaranteed
241,800

 
627

 
(1,346
)
 
241,081

 
58.7

Multifamily other
10,503

 
6

 
(12
)
 
10,497

 
2.5

Total mortgage-backed or related securities
300,979

 
1,429

 
(1,598
)
 
300,810

 
73.2

Asset-backed securities:
 
 
 
 
 
 
 
 
 
SLMA
15,462

 
167

 
—

 
15,629

 
3.8

Other asset-backed securities
10,051

 
—

 
(285
)
 
9,766

 
2.4

Total asset-backed securities
25,513

 
167

 
(285
)
 
25,395

 
6.2

 
$
411,424

 
$
1,812

 
$
(2,215
)
 
$
411,021

 
100.0
%
Schedule of Available-for-sale Securities with Continuous Loss Position
At March 31, 2015 and December 31, 2014, an aging of unrealized losses and fair value of related securities—available-for-sale was as follows (in thousands):
 
March 31, 2015
 
Less Than 12 Months
 
12 Months or More
 
Total
 
Fair Value
 
Unrealized Losses
 
Fair Value
 
Unrealized Losses
 
Fair Value
 
Unrealized Losses
U.S. Government and agency obligations
$
909

 
$
(10
)
 
$
9,941

 
$
(59
)
 
$
10,850

 
$
(69
)
Municipal bonds:


 


 


 


 


 


Taxable
1,766

 
(3
)
 
2,240

 
(7
)
 
4,006

 
(10
)
Tax exempt
8,076

 
(65
)
 
1,212

 
(7
)
 
9,288

 
(72
)
Total municipal bonds
9,842

 
(68
)
 
3,452

 
(14
)
 
13,294

 
(82
)
Mortgage-backed or related securities:


 


 


 


 


 


One- to four-family residential agency guaranteed
14,341

 
(77
)
 
3,401

 
(84
)
 
17,742

 
(161
)
Multifamily agency guaranteed
29,888

 
(23
)
 
87,584

 
(523
)
 
117,472

 
(546
)
Total mortgage-backed or related securities
44,229

 
(100
)
 
90,985

 
(607
)
 
135,214

 
(707
)
Asset-backed securities:


 


 


 


 


 
 
Other asset-backed securities
—

 
—

 
9,889

 
(159
)
 
9,889

 
(159
)
 
$
54,980

 
$
(178
)
 
$
114,267

 
$
(839
)
 
$
169,247

 
$
(1,017
)
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2014
 
Less Than 12 Months
 
12 Months or More
 
Total
 
Fair Value
 
Unrealized Losses
 
Fair Value
 
Unrealized Losses
 
Fair Value
 
Unrealized Losses
U.S. Government and agency obligations
$
15,983

 
$
(58
)
 
$
9,847

 
$
(153
)
 
$
25,830

 
$
(211
)
Municipal bonds:
 
 
 
 
 
 
 
 
 
 
 
Taxable
7,247

 
(23
)
 
3,461

 
(29
)
 
10,708

 
(52
)
Tax exempt
9,075

 
(38
)
 
3,668

 
(31
)
 
12,743

 
(69
)
Total municipal bonds
16,322

 
(61
)
 
7,129

 
(60
)
 
23,451

 
(121
)
Mortgage-backed or related securities:
 
 
 
 
 
 
 
 
 
 
 
One- to four-family residential agency guaranteed
6,287

 
(57
)
 
11,744

 
(183
)
 
18,031

 
(240
)
Multifamily agency guaranteed
76,309

 
(167
)
 
95,522

 
(1,179
)
 
171,831

 
(1,346
)
Multifamily other
8,450

 
(12
)
 
—

 
—

 
8,450

 
(12
)
Total mortgage-backed or related securities
91,046

 
(236
)
 
107,266

 
(1,362
)
 
198,312

 
(1,598
)
Asset-backed securities:
 
 
 
 
 
 
 
 
 
 
 
Other asset-backed securities
—

 
—

 
9,765

 
(285
)
 
9,765

 
(285
)
 
$
123,351

 
$
(355
)
 
$
134,007

 
$
(1,860
)
 
$
257,358

 
$
(2,215
)
Schedule of Held-to-maturity Securities
Securities—Held-to-Maturity:  The amortized cost and estimated fair value of securities—held-to-maturity at March 31, 2015 and December 31, 2014 are summarized as follows (dollars in thousands):
 
March 31, 2015
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
Percent of Total Amortized Cost
U.S. Government and agency obligations
$
2,136

 
$
2

 
$
—

 
$
2,138

 
1.6
%
Municipal bonds:
 
 
 
 
 
 
 
 
 
Taxable
12,771

 
428

 
—

 
13,199

 
9.6

Tax exempt
109,716

 
6,295

 
(82
)
 
115,929

 
82.1

Total municipal bonds
122,487

 
6,723

 
(82
)
 
129,128

 
91.7

Corporate bonds
1,800

 
—

 
—

 
1,800

 
1.3

Mortgage-backed or related securities:
 
 
 
 
 
 
 
 
 
One- to four-family residential agency guaranteed
1,477

 
18

 
(3
)
 
1,492

 
1.1

Multifamily agency guaranteed
5,749

 
192

 
—

 
5,941

 
4.3

Total mortgage-backed or related securities
7,226

 
210

 
(3
)
 
7,433

 
5.4

 
$
133,649

 
$
6,935

 
$
(85
)
 
$
140,499

 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
December 31, 2014
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
Percent of Total Amortized Cost
U.S. Government and agency obligations
$
2,146

 
$
—

 
$
(19
)
 
$
2,127

 
1.6
%
Municipal bonds:
 
 
 
 
 
 
 
 
 
Taxable
12,988

 
371

 
(1
)
 
13,358

 
9.9

Tax exempt
106,963

 
5,948

 
(47
)
 
112,864

 
81.5

Total municipal bonds
119,951

 
6,319

 
(48
)
 
126,222

 
91.4

Corporate bonds
1,800

 
—

 
—

 
1,800

 
1.4

Mortgage-backed or related securities:
 
 
 
 
 
 
 
 
 
One- to four-family residential agency guaranteed
1,580

 
1

 
(7
)
 
1,574

 
1.2

Multifamily agency guaranteed
5,781

 
104

 
—

 
5,885

 
4.4

Total mortgage-backed or related securities
7,361

 
105

 
(7
)
 
7,459

 
5.6

 
$
131,258

 
$
6,424

 
$
(74
)
 
$
137,608

 
100.0
%
Schedule of Held-to-maturity Securities with Continuous Loss Position
At March 31, 2015 and December 31, 2014, an age analysis of unrealized losses and fair value of related securities—held-to-maturity was as follows (in thousands):
 
March 31, 2015
 
Less Than 12 Months
 
12 Months or More
 
Total
 
Fair Value
 
Unrealized Losses
 
Fair Value
 
Unrealized Losses
 
Fair Value
 
Unrealized Losses
Municipal bonds:
 
 
 
 
 
 
 
 
 
 
 
Tax exempt
$
6,892

 
$
(82
)
 
$
—

 
$
—

 
$
6,892

 
$
(82
)
Mortgage-backed or related securities:
 
 
 
 
 
 
 
 
 
 
 
One- to four-family residential agency guaranteed
371

 
(3
)
 
—

 
—

 
371

 
(3
)
 
$
7,263

 
$
(85
)
 
$
—

 
$
—

 
$
7,263

 
$
(85
)
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2014
 
Less Than 12 Months
 
12 Months or More
 
Total
 
Fair Value
 
Unrealized Losses
 
Fair Value
 
Unrealized Losses
 
Fair Value
 
Unrealized Losses
U.S. Government and agency obligations
$
—

 
$
—

 
$
1,127

 
$
(19
)
 
$
1,127

 
$
(19
)
Municipal bonds:
 
 
 
 
 
 
 
 
 
 
 
Taxable
724

 
(1
)
 
—

 
—

 
724

 
(1
)
Tax exempt
9,097

 
(43
)
 
592

 
(4
)
 
9,689

 
(47
)
Total municipal bonds
9,821

 
(44
)
 
592

 
(4
)
 
10,413

 
(48
)
Mortgage-backed or related securities:
 
 
 
 
 
 
 
 
 
 
 
One- to four-family residential agency guaranteed
1,018

 
(7
)
 
—

 
—

 
1,018

 
(7
)
 
$
10,839

 
$
(51
)
 
$
1,719

 
$
(23
)
 
$
12,558

 
$
(74
)
Schedule of Pledged Securities
The following table presents, as of March 31, 2015, investment securities and interest-bearing deposits which were pledged to secure borrowings, public deposits or other obligations as permitted or required by law (in thousands):
 
Carrying Value
 
Amortized Cost
 
Fair Value
Purpose or beneficiary:
 
 
 
 
 
State and local governments public deposits
$
105,891

 
$
105,831

 
$
112,123

Interest rate swap counterparties
13,383

 
12,786

 
13,383

Retail repurchase agreements
113,680

 
112,900

 
113,680

Other
248

 
248

 
248

Total pledged securities and interest-bearing deposits
$
233,202

 
$
231,765

 
$
239,434
Trading Securities [Member]  
Marketable Securities [Line Items]  
Schedule of Securities by Contractual Maturity Date
The amortized cost and estimated fair value of securities—trading at March 31, 2015 and December 31, 2014, by contractual maturity, are shown below (in thousands).  Expected maturities will differ from contractual maturities because some securities may be called or prepaid with or without call or prepayment penalties.
 
March 31, 2015
 
December 31, 2014
 
Amortized Cost
 
Fair Value
 
Amortized Cost
 
Fair Value
 
 
 
 
 
 
 
 
Maturing in one year or less
$
1,071

 
$
1,087

 
$
1,071

 
$
1,094

Maturing after one year through five years
6,400

 
6,904

 
6,595

 
7,097

Maturing after five years through ten years
6,923

 
7,670

 
7,035

 
7,727

Maturing after ten years through twenty years
10,819

 
9,837

 
11,196

 
10,083

Maturing after twenty years
18,651

 
12,519

 
21,569

 
14,198

 
43,864

 
38,017

 
47,466

 
40,199

Equity securities
14

 
57

 
14

 
59

 
$
43,878

 
$
38,074

 
$
47,480

 
$
40,258
Available-for-sale Securities [Member]  
Marketable Securities [Line Items]  
Schedule of Securities by Contractual Maturity Date
The amortized cost and estimated fair value of securities—available-for-sale at March 31, 2015 and December 31, 2014, by contractual maturity, are shown below (in thousands).  Expected maturities will differ from contractual maturities because some securities may be called or prepaid with or without call or prepayment penalties.
 
March 31, 2015
 
December 31, 2014
 
Amortized Cost
 
Fair Value
 
Amortized Cost
 
Fair Value
 
 
 
 
 
 
 
 
Maturing in one year or less
$
9,300

 
$
9,324

 
$
9,334

 
$
9,364

Maturing after one year through five years
255,299

 
255,522

 
278,629

 
277,439

Maturing after five years through ten years
48,963

 
49,436

 
45,425

 
45,610

Maturing after ten years through twenty years
17,921

 
17,987

 
13,846

 
13,879

Maturing after twenty years
62,348

 
63,338

 
64,190

 
64,729

 
$
393,831

 
$
395,607

 
$
411,424

 
$
411,021
Held-to-maturity Securities [Member]  
Marketable Securities [Line Items]  
Schedule of Securities by Contractual Maturity Date
The amortized cost and estimated fair value of securities—held-to-maturity at March 31, 2015 and December 31, 2014, by contractual maturity, are shown below (in thousands).  Expected maturities will differ from contractual maturities because some securities may be called or prepaid with or without call or prepayment penalties.
 
March 31, 2015
 
December 31, 2014
 
Amortized Cost
 
Fair Value
 
Amortized Cost
 
Fair Value
 
 
 
 
 
 
 
 
Maturing in one year or less
$
516

 
$
519

 
$
767

 
$
771

Maturing after one year through five years
15,666

 
15,885

 
14,962

 
15,184

Maturing after five years through ten years
24,473

 
25,104

 
24,233

 
24,678

Maturing after ten years through twenty years
76,633

 
82,101

 
76,029

 
81,361

Maturing after twenty years
16,361

 
16,890

 
15,267

 
15,614

 
$
133,649

 
$
140,499

 
$
131,258

 
$
137,608