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SECURITIES AVAILABLE FOR SALE (Tables)

6 Months Ended

Jun. 30, 2020

Investments, Debt and Equity Securities [Abstract]

Summary of Securities Available for Sale


					Gross			Gross
					Unrealized			Unrealized
(in thousands)		Amortized Cost			Gains			Losses			Fair Value
June 30, 2020
Debt securities:
Mortgage-backed securities:
US Government-sponsored enterprises		$	258,169		$	9,701		$	(426)		$	267,444
US Government agency			94,894			3,845			(84)			98,655
Private label			20,200			41			(874)			19,367
Obligations of states and political subdivisions thereof			153,802			5,514			(29)			159,287
Corporate bonds			98,248			1,141			(2,568)			96,821
Total securities available for sale		$	625,313		$	20,242		$	(3,981)		$	641,574


					Gross			Gross
					Unrealized			Unrealized
(in thousands)		Amortized Cost			Gains			Losses			Fair Value
December 31, 2019
Debt securities:
Mortgage-backed securities:
US Government-sponsored enterprises		$	319,064		$	4,985		$	(2,080)		$	321,969
US Government agency			98,568			1,640			(547)			99,661
Private label			20,212			68			(747)			19,533
Obligations of states and political subdivisions thereof			139,240			3,034			(268)			142,006
Corporate bonds			78,804			1,478			(221)			80,061
Total securities available for sale		$	655,888		$	11,205		$	(3,863)		$	663,230

Schedule of Amortized Cost and Estimated Fair Value of Available for Sale (AFS) Securities, Segregated by Contractual Maturity


		Available for sale
(in thousands)		Amortized Cost			Fair Value
Within 1 year		$	—		$	—
Over 1 year to 5 years			26,069			26,368
Over 5 years to 10 years			70,676			69,548
Over 10 years			155,305			160,192
Total bonds and obligations			252,050			256,108
Mortgage-backed securities			373,263			385,466
Total securities available for sale		$	625,313		$	641,574

Schedule of Gains and Losses from Sale of AFS Securities


		Three Months Ended						Six Months Ended
		June 30,						June 30,
(In thousands)		2020			2019			2020			2019
Gross gains on sales of available for sale securities		$	1,362		$	—		$	1,508		$	—
Gross losses on sales of available for sale securities			(11)			—			(22)			—
Net gains on sale of available for sale securities		$	1,351		$	—		$	1,486		$	—

Schedule of Securities with Unrealized Losses, Segregated by the Duration of Continuous Unrealized Loss Positions


		Less Than Twelve Months						Over Twelve Months						Total
		Gross						Gross						Gross
		Unrealized			Fair			Unrealized			Fair			Unrealized			Fair
(In thousands)		Losses			Value			Losses			Value			Losses			Value
June 30, 2020
Debt securities:
Mortgage-backed securities:
US Government-sponsored enterprises		$	187		$	39,157		$	239		$	4,047		$	426		$	43,204
US Government agency			57			5,177			27			1,674			84			6,851
Private label			3			112			871			19,133			874			19,245
Obligations of states and political subdivisions thereof			29			11,564			—			—			29			11,564
Corporate bonds			2,332			45,854			236			4,765			2,568			50,619
Total securities available for sale		$	2,608		$	101,864		$	1,373		$	29,619		$	3,981		$	131,483


		Less Than Twelve Months						Over Twelve Months						Total
		Gross						Gross						Gross
		Unrealized			Fair			Unrealized			Fair			Unrealized			Fair
(In thousands)		Losses			Value			Losses			Value			Losses			Value
December 31, 2019
Debt securities:
Mortgage-backed securities:
US Government-sponsored enterprises		$	1,074		$	43,429		$	1,006		$	49,712		$	2,080		$	93,141
US Government agency			432			19,717			115			9,120			547			28,837
Private label			380			9,843			367			9,411			747			19,254
Obligations of states and political subdivisions thereof			137			29,355			131			1,682			268			31,037
Corporate bonds			142			9,888			79			12,276			221			22,164
Total securities available for sale		$	2,165		$	112,232		$	1,698		$	82,201		$	3,863		$	194,433

Schedule of Other Than Temporary Impairment Losses


		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2020			2019			2020			2019
Estimated credit losses as of prior year-end		$	1,697		$	1,697		$	1,697		$	1,697
Reductions for securities paid off during the period			—			—			—			—
Estimated credit losses at end of the period		$	1,697		$	1,697		$	1,697		$	1,697