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INVESTMENT SECURITIES (Tables) | 6 Months Ended
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Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract] |
Summary of Amortized Cost and Fair Value of Available-for-Sale Investment Securities | The following table presents the amortized cost and fair value of the investment securities portfolio as of the dates indicated:
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
| (In thousands)
June 30, 2015 |  |  |  |  |  |  |
Held to maturity |  |  |  |  |  |  |
Corporate bonds | $ | 53,414 |  |  | $ | 82 |  |  | $ | (193 | ) |  | $ | 53,303 |
Total securities held to maturity | $ | 53,414 |  |  | $ | 82 |  |  | $ | (193 | ) |  | $ | 53,303 |
Available for sale |  |  |  |  |  |  |
SBA loan pool securities | $ | 1,600 |  |  | $ | 18 |  |  | $ | — |  |  | $ | 1,618 |
U.S. government-sponsored entities and agency securities | 1,946 |  |  | 54 |  |  | — |  |  | 2,000 |
Private label residential mortgage-backed securities | 2,135 |  |  | 13 |  |  | (2 | ) |  | 2,146 |
Agency mortgage-backed securities | 480,883 |  |  | 1,985 |  |  | (1,339 | ) |  | 481,529 |
Total securities available for sale | $ | 486,564 |  |  | $ | 2,070 |  |  | $ | (1,341 | ) |  | $ | 487,293 |
December 31, 2014 |  |  |  |  |  |  |
Available for sale |  |  |  |  |  |  |
SBA loan pool securities | $ | 1,697 |  |  | $ | 18 |  |  | $ | — |  |  | $ | 1,715 |
U.S. government-sponsored entities and agency securities | 1,940 |  |  | 42 |  |  | — |  |  | 1,982 |
Private label residential mortgage-backed securities | 3,169 |  |  | 12 |  |  | (13 | ) |  | 3,168 |
Agency mortgage-backed securities | 338,072 |  |  | 1,363 |  |  | (605 | ) |  | 338,830 |
Total securities available for sale | $ | 344,878 |  |  | $ | 1,435 |  |  | $ | (618 | ) |  | $ | 345,695 |
Summary of Amortized Cost and Fair Value of Available-for-Sale Investment Securities Portfolio by Maturity Date | The following table presents amortized cost and fair value of the held to maturity and available for sale investment securities portfolio by expected maturity. In the case of mortgage-backed securities and SBA loan pool securities, expected maturities may differ from contractual maturities because borrowers generally have the right to call or prepay obligations with or without call or prepayment penalties. For that reason, mortgage-backed securities and SBA loan pool securities are not included in the maturity categories.
| June 30, 2015
Held To Maturity |  | Available For Sale
Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
| (In thousands)
Maturity: |  |  |  |  |  |  |
Within one year | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
One to five years | — |  |  | — |  |  | 1,946 |  |  | 2,000 |
Five to ten years | 15,414 |  |  | 15,231 |  |  | — |  |  | — |
Greater than ten years | 38,000 |  |  | 38,072 |  |  | — |  |  | — |
SBA loan pool, private label residential mortgage-backed and agency mortgage-backed securities | — |  |  | — |  |  | 484,618 |  |  | 485,293 |
Total | $ | 53,414 |  |  | $ | 53,303 |  |  | $ | 486,564 |  |  | $ | 487,293 |
Proceeds from Sales and Calls of Securities and Associated Gross Gains and Losses | The following table presents proceeds from sales and calls of securities and the associated gross gains and losses realized through earnings upon the sale of available for sale securities for the periods indicated:
| Three Months Ended June 30, |  | Six Months Ended June 30,
2015 |  | 2014 |  | 2015 |  | 2014
| (In thousands)
Gross realized gains on sales of securities available for sale | $ | — |  |  | $ | 15 |  |  | $ | — |  |  | $ | 560 |
Gross realized losses on sales of securities available for sale | — |  |  | — |  |  | (2 | ) |  | (38 | )
Net realized gains (losses) on sales of securities available for sale | $ | — |  |  | $ | 15 |  |  | $ | (2 | ) |  | $ | 522 |
Proceeds from sales of securities available for sale | $ | — |  |  | $ | 1,272 |  |  | $ | 174 |  |  | $ | 52,245 |
Tax benefit on sales of securities available for sale | $ | — |  |  | $ | — |  |  | $ | (1 | ) |  | $ | — |
Summary of Investment Securities with Unrealized Losses | The following table summarizes the investment securities with unrealized losses by security type and length of time in a continuous unrealized loss position as of the dates indicated:
| Less Than 12 Months |  | 12 Months or Longer |  | Total
| Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses
| (In thousands)
June 30, 2015 |  |  |  |  |  |  |  |  |  |  |
Held to maturity |  |  |  |  |  |  |  |  |  |  |
Corporate bonds | $ | 5,225 |  |  | $ | (193 | ) |  | $ | — |  |  | $ | — |  |  | $ | 5,225 |  |  | $ | (193 | )
Total securities held to maturity | $ | 5,225 |  |  | $ | (193 | ) |  | $ | — |  |  | $ | — |  |  | $ | 5,225 |  |  | $ | (193 | )
Available for sale |  |  |  |  |  |  |  |  |  |  |
Private label residential mortgage-backed securities | $ | 160 |  |  | $ | — |  |  | $ | 510 |  |  | $ | (2 | ) |  | $ | 670 |  |  | $ | (2 | )
Agency mortgage-backed securities | 141,497 |  |  | (1,211 | ) |  | 10,141 |  |  | (128 | ) |  | 151,638 |  |  | (1,339 | )
Total securities available for sale | $ | 141,657 |  |  | $ | (1,211 | ) |  | $ | 10,651 |  |  | $ | (130 | ) |  | $ | 152,308 |  |  | $ | (1,341 | )
December 31, 2014 |  |  |  |  |  |  |  |  |  |  |
Available for sale |  |  |  |  |  |  |  |  |  |  |
Private label residential mortgage-backed securities | $ | 372 |  |  | $ | (9 | ) |  | $ | 1,355 |  |  | $ | (4 | ) |  | $ | 1,727 |  |  | $ | (13 | )
Agency mortgage-backed securities | 68,200 |  |  | (332 | ) |  | 22,212 |  |  | (273 | ) |  | 90,412 |  |  | (605 | )
Total securities available for sale | $ | 68,572 |  |  | $ | (341 | ) |  | $ | 23,567 |  |  | $ | (277 | ) |  | $ | 92,139 |  |  | $ | (618 | )

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