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INVESTMENT AND MORTGAGE-BACKED SECURITIES (Tables)
 9 Months Ended
Sep. 30, 2017
INVESTMENT AND MORTGAGE-BACKED SECURITIES [Abstract]  
Summary of Major Categories of Securities Owned by Entity
The following tables summarize the major categories of securities owned by the Company (excluding trading securities) as of the dates indicated:

  
At September 30, 2017
 
  
Amortized
Cost
  
Gross
Unrealized
Gains
  
Gross
Unrealized
Losses
  
Fair
Value
 
Investment securities available-for-sale:
            
Registered Mutual Funds
 
$
3,824
  
$
262
  
$
(52
)
 
$
4,034
 
Pass-through MBS issued by GSEs
  
16,739
   
12
   
(67
)
  
16,684
 
Agency Collateralized Mortgage Obligation (“CMO”)
  
10,766
   
1
   
(70
)
  
10,697
 
Total investment securities available for sale
 
$
31,329
  
$
275
  
$
(189
)
 
$
31,415
 
 
  
At December 31, 2016
 
  
Amortized
Cost (1)
  
Gross
Unrealized
Gains
  
Gross
Unrealized
Losses
  
Fair
Value
 
Investment securities held-to-maturity:
            
TRUP CDOs
 
$
5,378
  
$
2,221
  
$
(303
)
 
$
7,296
 
                 
Investment securities available-for-sale:
                
Registered Mutual Funds
  
4,011
   
62
   
(178
)
  
3,895
 
Pass-through MBS issued by GSEs
  
360
   
12
   
-
   
372
 
CMO
  
3,247
   
-
   
(61
)
  
3,186
 
Total investment securities available-for-sale
  
7,618
   
74
   
(239
)
  
7,453
 
Total investment securities
 
$
12,996
  
$
2,295
  
$
(542
)
 
$
14,749
 
(1) Amount represents the purchase amortized / historical cost less any OTTI charges (credit or non-credit related) previously recognized.  For the TRUP CDOs, amount is also net of the $755 unamortized portion of the unrealized loss that was recognized in accumulated other comprehensive loss on September 1, 2008 (the day on which these securities were transferred from available-for-sale to held-to-maturity).
Summary of Sales of Registered Mutual Funds and Trading Securities
A summary of the sales of registered mutual funds and trading securities is listed below for the periods indicated:

  
For the Three Months
Ended September 30,
  
For the Nine Months
Ended September 30,
 
  
2017
  
2016
  
2017
  
2016
 
Investment securities available-for-sale (Registered Mutual Funds):
            
Proceeds
 
$
137
  
$
-
  
$
240
  
$
-
 
Trading securities:
                
Proceeds
 
$
85
  
$
-
  
$
4,629
  
$
3,648
 
Gross gains
  
3
   
-
   
66
   
3
 
Gross losses
  
-
   
-
   
25
   
45
 
Summary of Gross Unrealized Losses and Fair Value of Investment Securities by Investment Category and Length of Time in a Continuous Unrealized Loss Position
The following table summarizes the gross unrealized losses and fair value of investment securities aggregated by investment category and the length of time the securities were in a continuous unrealized loss position as of the dates indicated:

  
September 30, 2017
 
  
Less than 12
Consecutive Months
  
12 Consecutive
Months or Longer
  
Total
 
  
Fair
Value
  
Unrealized
Losses
  
Fair
Value
  
Unrealized
Losses
  
Fair
Value
  
Unrealized
Losses
 
Investment securities available-for-sale:
                  
Registered Mutual Funds
 
$
1,074
  
$
21
  
$
1,574
  
$
31
  
$
2,648
  
$
52
 
Pass through MBS issued by GSEs
  
16,349
   
67
   
-
   
-
   
16,349
   
67
 
Agency CMO
  
5,064
   
15
   
3,133
   
55
   
8,197
   
70
 
                         
  
December 31, 2016
 
  
Less than 12
Consecutive Months
  
12 Consecutive
Months or Longer
  
Total
 
  
Fair
Value
  
Unrealized
Losses
  
Fair
Value
  
Unrealized
Losses
  
Fair
Value
  
Unrealized
Losses
 
Investment securities held-to-maturity:
                        
TRUP CDOs
 
$
-
  
$
-
  
$
2,439
  
$
303
  
$
2,439
  
$
303
 
                         
Investment securities available-for-sale:
                        
Registered Mutual Funds
  
1,308
   
47
   
1,747
   
131
   
3,055
   
178
 
Agency CMO
  
3,186
   
61
   
-
   
-
   
3,186
   
61
 
Reconciliation of Pre-Tax OTTI Charges Recognized
The following table provides a reconciliation of the pre-tax OTTI charges recognized on the Company’s TRUP CDOs, for which a portion of the impairment loss (non-credit factors) was recognized in other comprehensive income for the period ended:

  
Three Months Ended September 30,
 
  
2017
  
2016
 
  
Credit
Related
OTTI
Recognized
in Earnings
  
Non-Credit
OTTI
Recognized in
Accumulated
Other
Comprehensive
Loss
  
Total
OTTI
Charge
  
Credit
Related
OTTI
Recognized
in Earnings
  
Non-Credit
OTTI
Recognized in
Accumulated
Other
Comprehensive
Loss
  
Total
OTTI
Charge
 
Cumulative pre-tax balance at the beginning of the period
 
$
8,561
  
$
527
  
$
9,088
  
$
8,665
  
$
562
  
$
9,227
 
Amortization of previously recognized OTTI
  
(8
)
  
(3
)
  
(11
)
  
(26
)
  
(9
)
  
(35
)
Reductions for previous credit losses realized on securities sold during the year
  
(8,553
)
  
(524
)
  
(9,077
)
  
-
   
-
   
-
 
Cumulative pre-tax balance at end of the period
 
$
-
  
$
-
  
$
-
  
$
8,639
  
$
553
  
$
9,192
 

  
Nine Months Ended September 30,
 
  
2017
  
2016
 
  
Credit
Related
OTTI
Recognized
in Earnings
  
Non-Credit
OTTI
Recognized in
Accumulated
Other
Comprehensive
Loss
  
Total
OTTI
Charge
  
Credit
Related
OTTI
Recognized
in Earnings
  
Non-Credit
OTTI
Recognized in
Accumulated
Other
Comprehensive
Loss
  
Total
OTTI
Charge
 
Cumulative pre-tax balance at the beginning of the period
 
$
8,613
  
$
544
  
$
9,157
  
$
8,717
  
$
578
  
$
9,295
 
Amortization of previously recognized OTTI
  
(60
)
  
(20
)
  
(80
)
  
(78
)
  
(25
)
  
(103
)
Reductions for previous credit losses realized on securities sold during the year
  
(8,553
)
  
(524
)
  
(9,077
)
  
-
   
-
   
-
 
Cumulative pre-tax balance at end of the period
 
$
-
  
$
-
  
$
-
  
$
8,639
  
$
553
  
$
9,192