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INVESTMENT SECURITIES AVAILABLE FOR SALE (Tables) | 3 Months Ended
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Mar. 31, 2020
Investment Securities Available For Sale [Abstract] |
Schedule of Amortized Cost and Approximate Fair Value of Securities Available for Sale | A summary of amortized cost and approximate fair value of investment securities available for sale included in the consolidated statements of condition as of March 31, 2020 and December 31, 2019 follows:
|  | March 31, 2020 |
|  |  |  |  |  | Gross |  |  | Gross |  |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
(In thousands) |  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
U.S. treasuries |  | $ | 2,912 |  |  | $ | 6 |  |  | $ | — |  |  | $ | 2,918 |
U.S government-sponsored agencies |  |  | 29,962 |  |  |  | 122 |  |  |  | — |  |  |  | 30,084 |
Mortgage-backed securities–residential |  |  | 344,814 |  |  |  | 7,459 |  |  |  | (566 | ) |  |  | 351,707 |
SBA pool securities |  |  | 2,565 |  |  |  | — |  |  |  | (12 | ) |  |  | 2,553 |
State and political subdivisions |  |  | 10,175 |  |  |  | 29 |  |  |  | (2 | ) |  |  | 10,202 |
Corporate bond |  |  | 3,000 |  |  |  | 94 |  |  |  | — |  |  |  | 3,094 |
Total |  | $ | 393,428 |  |  | $ | 7,710 |  |  | $ | (580 | ) |  | $ | 400,558 |
|  | December 31, 2019 |
|  |  |  |  |  | Gross |  |  | Gross |  |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
(In thousands) |  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
U.S. government-sponsored agencies |  | $ | 34,961 |  |  | $ | 37 |  |  | $ | (214 | ) |  | $ | 34,784 |
Mortgage-backed securities–residential |  |  | 337,489 |  |  |  | 2,365 |  |  |  | (950 | ) |  |  | 338,904 |
SBA pool securities |  |  | 2,799 |  |  |  | — |  |  |  | (15 | ) |  |  | 2,784 |
State and political subdivisions |  |  | 11,175 |  |  |  | 41 |  |  |  | (1 | ) |  |  | 11,215 |
Corporate bond |  |  | 3,000 |  |  |  | 68 |  |  |  | — |  |  |  | 3,068 |
Total |  | $ | 389,424 |  |  | $ | 2,511 |  |  | $ | (1,180 | ) |  | $ | 390,755 |
Schedule of Available for Sale Securities with Continuous Unrealized Losses and Approximate Fair Value of Investments | The following tables present the Company’s available for sale securities in a continuous unrealized loss position and the approximate fair value of these investments as of March 31, 2020 and December 31, 2019.
|  | March 31, 2020 |
|  | Duration of Unrealized Loss |
|  | Less Than 12 Months |  |  | 12 Months or Longer |  |  | Total |
|  | Approximate |  |  |  |  |  |  | Approximate |  |  |  |  |  |  | Approximate |  |  |  |  |
|  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |
(In thousands) |  | Value |  |  | Losses |  |  | Value |  |  | Losses |  |  | Value |  |  | Losses |
Mortgage-backed securities-residential |  | $ | 43,044 |  |  | $ | (280 | ) |  | $ | 20,532 |  |  | $ | (286 | ) |  | $ | 63,576 |  |  | $ | (566 | )
SBA pool securities |  |  | — |  |  |  | — |  |  |  | 2,553 |  |  |  | (12 | ) |  |  | 2,553 |  |  |  | (12 | )
State and political subdivisions |  |  | 777 |  |  |  | (2 | ) |  |  | — |  |  |  | — |  |  |  | 777 |  |  |  | (2 | )
Total |  | $ | 43,821 |  |  | $ | (282 | ) |  | $ | 23,085 |  |  | $ | (298 | ) |  | $ | 66,906 |  |  | $ | (580 | )
|  | December 31, 2019 |
|  | Duration of Unrealized Loss |
|  | Less Than 12 Months |  |  | 12 Months or Longer |  |  | Total |
|  | Approximate |  |  |  |  |  |  | Approximate |  |  |  |  |  |  | Approximate |  |  |  |  |
|  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |
(In thousands) |  | Value |  |  | Losses |  |  | Value |  |  | Losses |  |  | Value |  |  | Losses |
U.S. government-sponsored agencies |  | $ | 19,758 |  |  | $ | (214 | ) |  | $ | — |  |  | $ | — |  |  | $ | 19,758 |  |  | $ | (214 | )
Mortgage-backed securities-residential |  |  | 78,982 |  |  |  | (382 | ) |  |  | 69,142 |  |  |  | (568 | ) |  |  | 148,124 |  |  |  | (950 | )
SBA pool securities |  |  | — |  |  |  | — |  |  |  | 2,784 |  |  |  | (15 | ) |  |  | 2,784 |  |  |  | (15 | )
State and political subdivisions |  |  | 783 |  |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | 783 |  |  |  | (1 | )
Total |  | $ | 99,523 |  |  | $ | (597 | ) |  | $ | 71,926 |  |  | $ | (583 | ) |  | $ | 171,449 |  |  | $ | (1,180 | )

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- Definition Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=118942371&loc=SL82922954-210456 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118939692&loc=d3e27290-111563 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=118955579&loc=SL82922888-210455 + Details
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