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v3.19.2

SECURITIES (Tables) | 6 Months Ended
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Jun. 30, 2019
SECURITIES. |
Schedule of amortized cost and fair value of the available for sale and held to maturity |
|  | June 30, 2019
|  |  |  | Gross |  | Gross |  | Estimated
|  | Amortized |  | Unrealized |  | Unrealized |  | Fair
(In thousands) |  | Cost |  | Gains |  | Losses |  | Value
Available for sale: |  |  |  |  |  |  |  |  |  |  |  |
U.S. GSE securities |  | $ | 15,000 |  | $ | — |  | $ | (37) |  | $ | 14,963
State and municipal obligations |  |  | 28,108 |  |  | 641 |  |  | (1) |  |  | 28,748
U.S. GSE residential mortgage-backed securities |  |  | 93,898 |  |  | 268 |  |  | (909) |  |  | 93,257
U.S. GSE residential collateralized mortgage obligations |  |  | 333,584 |  |  | 1,628 |  |  | (1,428) |  |  | 333,784
U.S. GSE commercial mortgage-backed securities |  |  | 7,013 |  |  | 38 |  |  | — |  |  | 7,051
U.S. GSE commercial collateralized mortgage obligations |  |  | 97,720 |  |  | 1,306 |  |  | (629) |  |  | 98,397
Other asset backed securities |  |  | 24,250 |  |  | — |  |  | (788) |  |  | 23,462
Corporate bonds |  |  | 46,000 |  |  | — |  |  | (2,765) |  |  | 43,235
Total available for sale |  |  | 645,573 |  |  | 3,881 |  |  | (6,557) |  |  | 642,897
Held to maturity: |  |  |  |  |  |  |  |  |  |  |  |
State and municipal obligations |  |  | 42,582 |  |  | 927 |  |  | (1) |  |  | 43,508
U.S. GSE residential mortgage-backed securities |  |  | 8,900 |  |  | — |  |  | (109) |  |  | 8,791
U.S. GSE residential collateralized mortgage obligations |  |  | 45,961 |  |  | 655 |  |  | (315) |  |  | 46,301
U.S. GSE commercial mortgage-backed securities |  |  | 18,721 |  |  | 125 |  |  | (70) |  |  | 18,776
U.S. GSE commercial collateralized mortgage obligations |  |  | 28,552 |  |  | 118 |  |  | (566) |  |  | 28,104
Total held to maturity |  |  | 144,716 |  |  | 1,825 |  |  | (1,061) |  |  | 145,480
Total securities |  | $ | 790,289 |  | $ | 5,706 |  | $ | (7,618) |  | $ | 788,377
|  | December 31, 2018
|  |  |  | Gross |  | Gross |  | Estimated
|  | Amortized |  | Unrealized |  | Unrealized |  | Fair
(In thousands) |  | Cost |  | Gains |  | Losses |  | Value
Available for sale: |  |  |  |  |  |  |  |  |  |  |  |
U.S. GSE securities |  | $ | 29,997 |  | $ | — |  | $ | (947) |  | $ | 29,050
State and municipal obligations |  |  | 40,980 |  |  | 105 |  |  | (354) |  |  | 40,731
U.S. GSE residential mortgage-backed securities |  |  | 96,536 |  |  | 38 |  |  | (3,036) |  |  | 93,538
U.S. GSE residential collateralized mortgage obligations |  |  | 362,905 |  |  | 826 |  |  | (5,954) |  |  | 357,777
U.S. GSE commercial mortgage-backed securities |  |  | 3,536 |  |  | — |  |  | (28) |  |  | 3,508
U.S. GSE commercial collateralized mortgage obligations |  |  | 93,177 |  |  | — |  |  | (2,539) |  |  | 90,638
Other asset-backed securities |  |  | 24,250 |  |  | — |  |  | (1,031) |  |  | 23,219
Corporate bonds |  |  | 46,000 |  |  | — |  |  | (3,575) |  |  | 42,425
Total available for sale |  |  | 697,381 |  |  | 969 |  |  | (17,464) |  |  | 680,886
Held to maturity: |  |  |  |  |  |  |  |  |  |  |  |
State and municipal obligations |  |  | 53,540 |  |  | 290 |  |  | (276) |  |  | 53,554
U.S. GSE residential mortgage-backed securities |  |  | 9,688 |  |  | — |  |  | (336) |  |  | 9,352
U.S. GSE residential collateralized mortgage obligations |  |  | 48,244 |  |  | 163 |  |  | (1,130) |  |  | 47,277
U.S. GSE commercial mortgage-backed securities |  |  | 19,098 |  |  | 4 |  |  | (620) |  |  | 18,482
U.S. GSE commercial collateralized mortgage obligations |  |  | 29,593 |  |  | — |  |  | (1,466) |  |  | 28,127
Total held to maturity |  |  | 160,163 |  |  | 457 |  |  | (3,828) |  |  | 156,792
Total securities |  | $ | 857,544 |  | $ | 1,426 |  | $ | (21,292) |  | $ | 837,678
Schedule of amortized cost, fair value and maturities of the available for sale and held to maturity investment securities portfolio |
|  | June 30, 2019
|  | Amortized |  | Estimated
(In thousands) |  | Cost |  | Fair Value
Maturity |  |  |  |  |  |
Available for sale: |  |  |  |  |  |
Within one year |  | $ | 3,066 |  | $ | 3,065
One to five years |  |  | 32,267 |  |  | 31,885
Five to ten years |  |  | 57,250 |  |  | 55,385
Beyond ten years |  |  | 552,990 |  |  | 552,562
Total |  | $ | 645,573 |  | $ | 642,897
Held to maturity: |  |  |  |  |  |
Within one year |  | $ | 8,779 |  | $ | 8,800
One to five years |  |  | 24,495 |  |  | 24,909
Five to ten years |  |  | 32,654 |  |  | 33,139
Beyond ten years |  |  | 78,788 |  |  | 78,632
Total |  | $ | 144,716 |  | $ | 145,480
Schedule of securities having a continuous unrealized loss position aggregated by a period of time less than or greater than 12 months |
|  | June 30, 2019
|  | Less than 12 months |  | Greater than 12 months
|  | Estimated |  | Gross |  | Estimated |  | Gross
|  | Fair |  | Unrealized |  | Fair |  | Unrealized
(In thousands) |  | Value |  | Losses |  | Value |  | Losses
Available for sale: |  |  |  |  |  |  |  |  |  |  |  |
U.S. GSE securities |  | $ | — |  | $ | — |  | $ | 14,963 |  | $ | (37)
State and municipal obligations |  |  | — |  |  | — |  |  | 2,964 |  |  | (1)
U.S. GSE residential mortgage-backed securities |  |  | — |  |  | — |  |  | 67,117 |  |  | (909)
U.S. GSE residential collateralized mortgage obligations |  |  | 35,723 |  |  | (132) |  |  | 134,232 |  |  | (1,296)
U.S. GSE commercial collateralized mortgage obligations |  |  | — |  |  | — |  |  | 44,046 |  |  | (629)
Other asset backed securities |  |  | — |  |  | — |  |  | 23,462 |  |  | (788)
Corporate bonds |  |  | — |  |  | — |  |  | 43,235 |  |  | (2,765)
Total available for sale |  | $ | 35,723 |  | $ | (132) |  | $ | 330,019 |  | $ | (6,425)
Held to maturity: |  |  |  |  |  |  |  |  |  |  |  |
State and municipal obligations |  | $ | — |  | $ | — |  | $ | 405 |  | $ | (1)
U.S. GSE residential mortgage-backed securities |  |  | — |  |  | — |  |  | 8,791 |  |  | (109)
U.S. GSE residential collateralized mortgage obligations |  |  | — |  |  | — |  |  | 24,594 |  |  | (315)
U.S. GSE commercial mortgage-backed securities |  |  | — |  |  | — |  |  | 5,216 |  |  | (70)
U.S. GSE commercial collateralized mortgage obligations |  |  | — |  |  | — |  |  | 18,146 |  |  | (566)
Total held to maturity |  | $ | — |  | $ | — |  | $ | 57,152 |  | $ | (1,061)
|  | December 31, 2018
|  | Less than 12 months |  | Greater than 12 months
|  | Estimated |  | Gross |  | Estimated |  | Gross
|  | Fair |  | Unrealized |  | Fair |  | Unrealized
(In thousands) |  | Value |  | Losses |  | Value |  | Losses
Available for sale: |  |  |  |  |  |  |  |  |  |  |  |
U.S. GSE securities |  | $ | — |  | $ | — |  | $ | 29,050 |  | $ | (947)
State and municipal obligations |  |  | 6,655 |  |  | (15) |  |  | 21,273 |  |  | (339)
U.S. GSE residential mortgage-backed securities |  |  | — |  |  | — |  |  | 88,762 |  |  | (3,036)
U.S. GSE residential collateralized mortgage obligations |  |  | 46,452 |  |  | (141) |  |  | 172,468 |  |  | (5,813)
U.S. GSE commercial mortgage-backed securities |  |  | — |  |  | — |  |  | 3,508 |  |  | (28)
U.S. GSE commercial collateralized mortgage obligations |  |  | 46,705 |  |  | (623) |  |  | 43,933 |  |  | (1,916)
Other asset-backed securities |  |  | — |  |  | — |  |  | 23,219 |  |  | (1,031)
Corporate bonds |  |  | — |  |  | — |  |  | 42,425 |  |  | (3,575)
Total available for sale |  | $ | 99,812 |  | $ | (779) |  | $ | 424,638 |  | $ | (16,685)
Held to maturity: |  |  |  |  |  |  |  |  |  |  |  |
State and municipal obligations |  | $ | 8,286 |  | $ | (26) |  | $ | 22,142 |  | $ | (250)
U.S. GSE residential mortgage-backed securities |  |  | — |  |  | — |  |  | 9,352 |  |  | (336)
U.S. GSE residential collateralized mortgage obligations |  |  | — |  |  | — |  |  | 40,665 |  |  | (1,130)
U.S. GSE commercial mortgage-backed securities |  |  | — |  |  | — |  |  | 16,205 |  |  | (620)
U.S. GSE commercial collateralized mortgage obligations |  |  | — |  |  | — |  |  | 28,127 |  |  | (1,466)
Total held to maturity |  | $ | 8,286 |  | $ | (26) |  | $ | 116,491 |  | $ | (3,802)

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