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Securities Available for Sale (Tables) | 12 Months Ended
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Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract] |
Securities Available for Sale | Securities available for sale at December 31, 2017 and 2016 are summarized as follows (in thousands):
| 2017
| Amortized cost |  | Gross unrealized gains |  | Gross unrealized losses |  | Fair value
Agency obligations | $ | 19,014 |  |  | — |  |  | (9 | ) |  | 19,005 |
Mortgage-backed securities | 993,548 |  |  | 4,914 |  |  | (10,095 | ) |  | 988,367 |
State and municipal obligations | 3,259 |  |  | 129 |  |  | — |  |  | 3,388 |
Corporate obligations | 26,047 |  |  | 359 |  |  | (12 | ) |  | 26,394 |
Equity securities | 417 |  |  | 241 |  |  | — |  |  | 658 |
| $ | 1,042,285 |  |  | 5,643 |  |  | (10,116 | ) |  | 1,037,812 |
| 2016
| Amortized cost |  | Gross unrealized gains |  | Gross unrealized losses |  | Fair value
U.S. Treasury obligations | $ | 7,995 |  |  | 13 |  |  | — |  |  | 8,008 |
Agency obligations | 57,123 |  |  | 90 |  |  | (25 | ) |  | 57,188 |
Mortgage-backed securities | 952,992 |  |  | 7,249 |  |  | (8,380 | ) |  | 951,861 |
State and municipal obligations | 3,727 |  |  | 19 |  |  | (3 | ) |  | 3,743 |
Corporate obligations | 19,013 |  |  | 35 |  |  | (11 | ) |  | 19,037 |
Equity securities | 397 |  |  | 152 |  |  | — |  |  | 549 |
| $ | 1,041,247 |  |  | 7,558 |  |  | (8,419 | ) |  | 1,040,386 |
Securities Available for Sale by Contractual Maturity | The amortized cost and fair value of securities available for sale at December 31, 2017, by contractual maturity, are shown below (in thousands). Expected maturities may differ from contractual maturities due to prepayment or early call privileges of the issuer.
| 2017
| Amortized cost |  | Fair value
Due in one year or less | $ | 20,406 |  |  | 20,390 |
Due after one year through five years | 3,009 |  |  | 3,048 |
Due after five years through ten years | 24,905 |  |  | 25,349 |
| $ | 48,320 |  |  | 48,787 |
Disclosure on Securities Available for Sale with Temporary Impairment | The following table represents the Company’s disclosure on securities available for sale with temporary impairment (in thousands):
| December 31, 2017 Unrealized Losses
| Less than 12 months |  | 12 months or longer |  | Total
| Fair value |  | Gross unrealized losses |  | Fair value |  | Gross unrealized losses |  | Fair value |  | Gross unrealized losses
Agency obligations | $ | 12,006 |  |  | (8 | ) |  | 6,999 |  |  | (1 | ) |  | 19,005 |  |  | (9 | )
Mortgage-backed securities | 420,746 |  |  | (3,936 | ) |  | 235,056 |  |  | (6,159 | ) |  | 655,802 |  |  | (10,095 | )
Corporate obligations | — |  |  | — |  |  | 989 |  |  | (12 | ) |  | 989 |  |  | (12 | )
| $ | 432,752 |  |  | (3,944 | ) |  | 243,044 |  |  | (6,172 | ) |  | 675,796 |  |  | (10,116 | )
| December 31, 2016 Unrealized Losses
| Less than 12 months |  | 12 months or longer |  | Total
| Fair value |  | Gross unrealized losses |  | Fair value |  | Gross unrealized losses |  | Fair value |  | Gross unrealized losses
Agency obligations | $ | 14,000 |  |  | (25 | ) |  | — |  |  | — |  |  | 14,000 |  |  | (25 | )
Mortgage-backed securities | 553,629 |  |  | (8,377 | ) |  | 65 |  |  | (3 | ) |  | 553,694 |  |  | (8,380 | )
State and municipal obligations | 661 |  |  | (3 | ) |  | — |  |  | — |  |  | 661 |  |  | (3 | )
Corporate obligations | — |  |  |  |  |  | 990 |  |  | (11 | ) |  | 990 |  |  | (11 | )
| $ | 568,290 |  |  | (8,405 | ) |  | 1,055 |  |  | (14 | ) |  | 569,345 |  |  | (8,419 | )

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- Definition Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=75019621&loc=d3e62557-112803 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27337-111563 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27198-111563 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75019621&loc=d3e62586-112803 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27161-111563 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27357-111563 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27290-111563 + Details
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