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INVESTMENT AND MORTGAGE-BACKED SECURITIES (Tables)
 12 Months Ended
Dec. 31, 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) for the periods indicated:

  
At December 31, 2017
 
  
Amortized
Cost
  
Gross
Unrealized
Gains
  
Gross
Unrealized
Losses
  
Fair
Value
 
             
Investment securities available-for-sale:
            
Registered Mutual Funds
 
$
3,779
  
$
311
  
$
(84
)
 
$
4,006
 
Pass-through MBS issued by Government Sponsored Entities (“GSEs”)
  
340,574
   
681
   
(376
)
  
340,879
 
Agency Collateralized Mortgage Obligation (“CMO”)
  
10,615
   
4
   
(114
)
  
10,505
 
Total investment securities available-for-sale
 
$
354,968
  
$
996
  
$
(574
)
 
$
355,390
 
 
  
At December 31, 2016
 
  
Amortized
Cost (1)
  
Gross
Unrealized
Gains
  
Gross
Unrealized
Losses
  
Fair
Value
 
Investment securities held-to-maturity:
                
Pooled bank trust preferred securities (“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
 
Agency 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 Year ended December 31,
 
  
2017
  
2016
  
2015
 
Proceeds:
         
Investment securities available for sale (Registered Mutual Funds)
 
$
377
  
$
-
  
$
2,070
 
Trading Securities
 
$
4,629
  
$
3,648
  
$
1,340
 
Summary of Gross Unrealized Loss and Fair Value of Investment Securities Aggregated 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 for the periods indicated:
 
  
At December 31, 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
 
$
-
  
$
-
  
$
2,591
  
$
84
  
$
2,591
  
$
84
 
Pass through MBS issued by GSEs
  
137,664
   
376
   
-
   
-
   
137,664
   
376
 
Agency CMO
  
4,901
   
45
   
3,168
   
69
   
8,069
   
114
 

  
At 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
 
Activity Related to Transfer Loss
Activity related to amortization of unrealized transfer loss previously recognized upon transfer of TRUP CDOs to held to maturity securities was as follows:

  
For the Year Ended
December 31,
 
  
2017
  
2016
 
Cumulative balance at the beginning of the period
 
$
756
  
$
807
 
Amortization
  
(50
)
  
(51
)
Reduction for previous credit losses realized on securities sold
  
(706
)
  
-
 
Cumulative balance at end of the period
 
$
-
  
$
756
 
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:

  
At or for the Year Ended December 31, 2017
 
  
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
 
Amortization of previously recognized OTTI
  
(60
)
  
(20
)
  
(80
)
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
 
$
-
  
$
-
  
$
-
 

 
At or for the Year Ended
December 31, 2016
  
At or for the Year Ended
December 31, 2015
 
  
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
 
$
8,717
  
$
578
  
$
9,295
  
$
8,945
  
$
569
  
$
9,514
 
(Amortization) Accretion of previously recognized OTTI
  
(104
)
  
(34
)
  
(138
)
  
(228
)
  
9
   
(219
)
Cumulative pre-tax balance at end of the period
 
$
8,613
  
$
544
  
$
9,157
  
$
8,717
  
$
578
  
$
9,295