MARKETABLE SECURITIES (Tables)

3 Months Ended

Mar. 31, 2017

Investments, Debt and Equity Securities [Abstract]

Schedule of Amortized Cost and Fair Value of Available for Sale and Held to Maturity Securities

The following tables summarize the amortized cost and fair value of securities available for sale and securities held to maturity as of March 31, 2017 and December 31, 2016 and the corresponding amounts of gross unrealized gains and losses:



March 31, 2017	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Available for sale:
Corporate bonds	$	25,223	$	73	$	123	$	25,173
Municipal securities	7,817		—		539		7,278
Mortgage-backed securities	80,766		15		1,236		79,545
Collateralized mortgage obligations	102,688		236		457		102,467
Total available for sale	$	216,494	$	324	$	2,355	$	214,463

Held to maturity:
Municipal securities	$	148,520	$	1,428	$	2,621	$	147,327
Mortgage-backed securities	26,900		312		191		27,021
Collateralized mortgage obligations	10,417		249		602		10,064
Total held to maturity	$	185,837	$	1,989	$	3,414	$	184,412



December 31, 2016	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Available for sale:
Corporate bonds	$	25,254	$	6	$	377	$	24,883
Municipal securities	7,841		—		622		7,219
Mortgage-backed securities	61,298		—		1,608		59,690
Collateralized mortgage obligations	65,789		10		666		65,133
Total available for sale	$	160,182	$	16	$	3,273	$	156,925

Held to maturity:
Municipal securities	$	149,420	$	901	$	3,889	$	146,432
Mortgage-backed securities	28,450		318		290		28,478
Collateralized mortgage obligations	11,501		265		521		11,245
Total held to maturity	$	189,371	$	1,484	$	4,700	$	186,155

Schedule of Securities with Gross Unrealized Losses

Information pertaining to securities with gross unrealized losses as of March 31, 2017 and December 31, 2016 aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position is detailed in the following tables:



	Less Than 12 Months					12 Months or Longer					Total
March 31, 2017	Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value
Available for sale:
Corporate bonds	$	(123	)	$	12,508	$	—		$	—	$	(123	)	$	12,508
Municipal securities	(539		)	7,278		—			—		(539		)	7,278
Mortgage-backed securities	(761		)	62,344		(475		)	14,870		(1,236		)	77,214
Collateralized mortgage obligations	(272		)	42,026		(185		)	8,645		(457		)	50,671
Total available for sale	$	(1,695	)	$	124,156	$	(660	)	$	23,515	$	(2,355	)	$	147,671

Held to maturity:
Municipal securities	$	(2,414	)	$	84,716	$	(207	)	$	5,965	$	(2,621	)	$	90,681
Mortgage-backed securities	(191		)	18,024		—			—		(191		)	18,024
Collateralized mortgage obligations	—			—		(602		)	2,237		(602		)	2,237
Total held to maturity	$	(2,605	)	$	102,740	$	(809	)	$	8,202	$	(3,414	)	$	110,942



	Less Than 12 Months					12 Months or Longer					Total
December 31, 2016	Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value
Available for sale:
Corporate bonds	$	(377	)	$	22,529	$	—		$	—	$	(377	)	$	22,529
Municipal securities	(622		)	7,219		—			—		(622		)	7,219
Mortgage-backed securities	(1,047		)	44,420		(561		)	15,270		(1,608		)	59,690
Collateralized mortgage obligations	(437		)	55,435		(229		)	9,049		(666		)	64,484
Total available for sale	$	(2,483	)	$	129,603	$	(790	)	$	24,319	$	(3,273	)	$	153,922

Held to maturity:
Municipal securities	$	(3,889	)	$	98,943	$	—		$	—	$	(3,889	)	$	98,943
Mortgage-backed securities	(290		)	19,983		—			—		(290		)	19,983
Collateralized mortgage obligations	—			—		(521		)	2,350		(521		)	2,350
Total held to maturity	$	(4,179	)	$	118,926	$	(521	)	$	2,350	$	(4,700	)	$	121,276

Schedule of Proceeds from Sales of Securities

The proceeds from sales of securities and the associated gains and losses are listed below for:



	Three Months Ended March 31,
	2017		2016
Proceeds	$	—	$	23,620
Gross gains	—		75
Gross losses	—		(38		)

Schedule of Sale of Held To Maturity Securities

Sale of securities held to maturity were as follows for:



	Three Months Ended March 31,
	2017		2016
Proceeds from sales	$	—	$	1,866
Amortized cost	—		1,842
Gross realized gains	—		24
Tax expense related to securities gains/losses	—		(7		)

Investments Classified by Contractual Maturity Date

The contractual maturities at March 31, 2017 of available for sale and held to maturity securities at carrying value and estimated fair value are shown below. The Company invests in mortgage-backed securities and collateralized mortgage obligations that have expected maturities that differ from their contractual maturities. These differences arise because borrowers and/or issuers may have the right to call or prepay their obligation with or without call or prepayment penalties.



	Available for Sale				Held to Maturity
	Amortized Cost		Estimated Fair Value		Amortized Cost		Estimated Fair Value
Due within one year	$	—	$	—	$	1,050	$	1,055
Due after one year through five years	7,444		7,478		5,577		5,722
Due after five years through ten years	17,779		17,695		40,910		41,560
Due after ten years	7,817		7,278		100,983		98,990
Mortgage-backed securities	80,766		79,545		26,900		27,021
Collateralized mortgage obligations	102,688		102,467		10,417		10,064
	$	216,494	$	214,463	$	185,837	$	184,412