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INTEREST-BEARING DEPOSITS AND SECURITIES (Tables)
 6 Months Ended
Jun. 30, 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):
 
June 30, 2015
 
December 31, 2014
Interest-bearing deposits
$
98,376

 
$
54,995

U.S. Government and agency obligations
14,374

 
33,421

Municipal bonds:


 


Taxable
29,172

 
29,566

Tax exempt
153,105

 
141,853

Total municipal bonds
182,277

 
171,419

Corporate bonds
19,406

 
25,936

Mortgage-backed or related securities:


 


One- to four-family residential agency guaranteed
64,731

 
58,825

One- to four-family residential other
548

 
713

Multifamily agency guaranteed
229,278

 
256,272

Multifamily other
10,551

 
10,497

Total mortgage-backed or related securities
305,108

 
326,307

Asset-backed securities:


 


Student Loan Marketing Association (SLMA)
15,533

 
15,629

Other asset-backed securities
15,719

 
9,766

Total asset-backed securities
31,252

 
25,395

Equity securities (excludes FHLB stock)
60

 
59

Total securities
552,477

 
582,537

Total interest-bearing deposits and securities
$
650,853

 
$
637,532
Schedule of Trading Securities
Securities—Trading:  The amortized cost and estimated fair value of securities—trading at June 30, 2015 and December 31, 2014 are summarized as follows (dollars in thousands):
 
June 30, 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

 
$
1,492

 
4.6
%
 
$
1,340

 
$
1,505

 
3.7
%
Municipal bonds:


 


 
 
 
 
 
 
 
 
Tax exempt
1,403

 
1,426

 
4.4

 
1,405

 
1,440

 
3.6

Corporate bonds
18,735

 
12,571

 
38.8

 
27,995

 
19,118

 
47.5

Mortgage-backed or related securities:


 


 
 
 
 
 
 
 
 
One- to four-family residential agency guaranteed
7,001

 
7,556

 
23.3

 
8,077

 
8,726

 
21.7

Multifamily agency guaranteed
8,562

 
9,299

 
28.7

 
8,649

 
9,410

 
23.4

Total mortgage-backed or related securities
15,563

 
16,855

 
52.0

 
16,726

 
18,136

 
45.1

Equity securities
14

 
60

 
0.2

 
14

 
59

 
0.1

 
$
37,055

 
$
32,404

 
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 June 30, 2015 and December 31, 2014 are summarized as follows (dollars in thousands):
 
June 30, 2015
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
Percent of Total
U.S. Government and agency obligations
$
11,829

 
$
1

 
$
(74
)
 
$
11,756

 
3.0
%
Municipal bonds:


 


 


 


 
 
Taxable
16,483

 
70

 
(15
)
 
16,538

 
4.3

Tax exempt
42,646

 
82

 
(212
)
 
42,516

 
10.9

Total municipal bonds
59,129

 
152

 
(227
)
 
59,054

 
15.2

Corporate bonds
5,000

 
35

 
—

 
5,035

 
1.3

Mortgage-backed or related securities:


 


 


 


 
 
One- to four-family residential agency guaranteed
55,178

 
699

 
(459
)
 
55,418

 
14.3

One- to four-family residential other
518

 
30

 
—

 
548

 
0.2

Multifamily agency guaranteed
214,102

 
804

 
(644
)
 
214,262

 
55.2

Multifamily other
10,453

 
98

 
—

 
10,551

 
2.7

Total mortgage-backed or related securities
280,251

 
1,631

 
(1,103
)
 
280,779

 
72.4

Asset-backed securities:


 


 


 


 
 
SLMA
15,419

 
114

 
—

 
15,533

 
4.0

Other asset-backed securities
15,893

 
—

 
(174
)
 
15,719

 
4.1

Total asset-backed securities
31,312

 
114

 
(174
)
 
31,252

 
8.1

 
$
387,521

 
$
1,933

 
$
(1,578
)
 
$
387,876

 
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 June 30, 2015 and December 31, 2014, an aging of unrealized losses and fair value of related securities—available-for-sale was as follows (in thousands):
 
June 30, 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
$
796

 
$
(9
)
 
$
9,935

 
$
(65
)
 
$
10,731

 
$
(74
)
Municipal bonds:


 


 


 


 


 


Taxable
1,972

 
(7
)
 
2,237

 
(8
)
 
4,209

 
(15
)
Tax exempt
19,904

 
(204
)
 
1,208

 
(8
)
 
21,112

 
(212
)
Total municipal bonds
21,876

 
(211
)
 
3,445

 
(16
)
 
25,321

 
(227
)
Mortgage-backed or related securities:


 


 


 


 


 


One- to four-family residential agency guaranteed
28,664

 
(308
)
 
3,305

 
(151
)
 
31,969

 
(459
)
Multifamily agency guaranteed
24,385

 
(53
)
 
86,847

 
(591
)
 
111,232

 
(644
)
Total mortgage-backed or related securities
53,049

 
(361
)
 
90,152

 
(742
)
 
143,201

 
(1,103
)
Asset-backed securities:


 


 


 


 


 
 
Other asset-backed securities
5,847

 
(1
)
 
9,871

 
(173
)
 
15,718

 
(174
)
 
$
81,568

 
$
(582
)
 
$
113,403

 
$
(996
)
 
$
194,971

 
$
(1,578
)
 
 
 
 
 
 
 
 
 
 
 
 
 
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 June 30, 2015 and December 31, 2014 are summarized as follows (dollars in thousands):
 
June 30, 2015
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
Percent of Total Amortized Cost
U.S. Government and agency obligations
$
1,126

 
$
—

 
$
(9
)
 
$
1,117

 
0.9
%
Municipal bonds:
 
 
 
 
 
 
 
 
 
Taxable
12,634

 
225

 
(36
)
 
12,823

 
9.5

Tax exempt
109,163

 
5,128

 
(350
)
 
113,941

 
82.6

Total municipal bonds
121,797

 
5,353

 
(386
)
 
126,764

 
92.1

Corporate bonds
1,800

 
—

 
—

 
1,800

 
1.4

Mortgage-backed or related securities:
 
 
 
 
 
 
 
 
 
One- to four-family residential agency guaranteed
1,757

 
13

 
(4
)
 
1,766

 
1.3

Multifamily agency guaranteed
5,717

 
103

 
—

 
5,820

 
4.3

Total mortgage-backed or related securities
7,474

 
116

 
(4
)
 
7,586

 
5.6

 
$
132,197

 
$
5,469

 
$
(399
)
 
$
137,267

 
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 June 30, 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):
 
June 30, 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
$
1,117

 
$
(9
)
 
$
—

 
$
—

 
$
1,117

 
$
(9
)
Municipal bonds:
 
 
 
 
 
 
 
 
 
 
 
Taxable
2,653

 
(36
)
 
—

 
—

 
2,653

 
(36
)
Tax exempt
$
16,997

 
$
(345
)
 
$
255

 
$
(5
)
 
$
17,252

 
$
(350
)
Total municipal bonds
19,650

 
(381
)
 
255

 
(5
)
 
19,905

 
(386
)
Mortgage-backed or related securities:
 
 
 
 
 
 
 
 
 
 
 
One- to four-family residential agency guaranteed
417

 
(2
)
 
326

 
(2
)
 
743

 
(4
)
 
$
21,184

 
$
(392
)
 
$
581

 
$
(7
)
 
$
21,765

 
$
(399
)
 
 
 
 
 
 
 
 
 
 
 
 
 
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 June 30, 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
$
117,642

 
$
117,659

 
$
122,516

Interest rate swap counterparties
15,064

 
14,563

 
15,064

Retail repurchase agreements
111,931

 
111,466

 
111,931

Other
248

 
248

 
248

Total pledged securities and interest-bearing deposits
$
244,885

 
$
243,936

 
$
249,759
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 June 30, 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.
 
June 30, 2015
 
December 31, 2014
 
Amortized Cost
 
Fair Value
 
Amortized Cost
 
Fair Value
 
 
 
 
 
 
 
 
Maturing in one year or less
$
1,070

 
$
1,083

 
$
1,071

 
$
1,094

Maturing after one year through five years
9,205

 
9,927

 
6,595

 
7,097

Maturing after five years through ten years
3,806

 
4,181

 
7,035

 
7,727

Maturing after ten years through twenty years
4,298

 
4,582

 
11,196

 
10,083

Maturing after twenty years
18,662

 
12,571

 
21,569

 
14,198

 
37,041

 
32,344

 
47,466

 
40,199

Equity securities
14

 
60

 
14

 
59

 
$
37,055

 
$
32,404

 
$
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 June 30, 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.
 
June 30, 2015
 
December 31, 2014
 
Amortized Cost
 
Fair Value
 
Amortized Cost
 
Fair Value
 
 
 
 
 
 
 
 
Maturing in one year or less
$
15,643

 
$
15,703

 
$
9,334

 
$
9,364

Maturing after one year through five years
236,092

 
235,929

 
278,629

 
277,439

Maturing after five years through ten years
42,275

 
42,470

 
45,425

 
45,610

Maturing after ten years through twenty years
20,571

 
20,449

 
13,846

 
13,879

Maturing after twenty years
72,940

 
73,325

 
64,190

 
64,729

 
$
387,521

 
$
387,876

 
$
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 June 30, 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.
 
June 30, 2015
 
December 31, 2014
 
Amortized Cost
 
Fair Value
 
Amortized Cost
 
Fair Value
 
 
 
 
 
 
 
 
Maturing in one year or less
$
1,246

 
$
1,263

 
$
767

 
$
771

Maturing after one year through five years
15,126

 
15,293

 
14,962

 
15,184

Maturing after five years through ten years
23,392

 
23,827

 
24,233

 
24,678

Maturing after ten years through twenty years
79,263

 
83,593

 
76,029

 
81,361

Maturing after twenty years
13,170

 
13,291

 
15,267

 
15,614

 
$
132,197

 
$
137,267

 
$
131,258

 
$
137,608