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INVESTMENT AND MORTGAGE-BACKED SECURITIES (Tables)
 12 Months Ended
Dec. 31, 2018
INVESTMENT AND MORTGAGE-BACKED SECURITIES [Abstract]  
Major Categories of Securities Owned by Entity
The following tables summarize the major categories of securities owned by the Company as of the dates indicated:

  
At December 31, 2018
 
  
Amortized
Cost
  
Gross
Unrealized
Gains
  
Gross
Unrealized
Losses
  
Fair
Value
 
Debt securities available-for-sale:
            
Agency Notes
 
$
25,110
  
$
45
  
$
(10
)
 
$
25,145
 
Corporate Securities
  
11,167
   
—
   
(32
)
  
11,135
 
Pass-through MBS issued by Government-sponsored Enterprises ("GSEs")
  
356,039
   
574
   
(2,000
)
  
354,613
 
Agency Collateralized Mortgage Obligation ("CMO")
  
113,470
   
157
   
(1,635
)
  
111,992
 
Total debt securities available-for-sale
 
$
505,786
  
$
776
  
$
(3,677
)
 
$
502,885
 

  
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 GSEs
  
72,938
   
16
   
(325
)
  
72,629
 
CMO
  
278,251
   
669
   
(165
)
  
278,755
 
Total investment securities available-for-sale
 
$
354,968
  
$
996
  
$
(574
)
 
$
355,390
 
Sales of Marketable Equity Securities
A summary of the sales of marketable equity securities is listed below for the periods indicated:

  
Year Ended December 31,
 
  
2018
  
2017
  
2016
 
Proceeds:
         
Marketable equity securities
 
$
1,059
  
$
—
  
$
—
 
Investment securities available-for-sale
  
—
   
377
   
—
 
Trading securities
  
—
   
4,629
   
3,648
 
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:

  
December 31, 2018
 
  
Less than 12
Consecutive Months
  
12 Consecutive
Months or Longer
  
Total
 
  
Fair
Value
  
Unrealized
Losses
  
Fair
Value
  
Unrealized
Losses
  
Fair
Value
  
Unrealized
Losses
 
Debt securities available-for-sale:
                  
Agency Notes
 
$
5,100
  
$
10
  
$
—
  
$
—
  
$
5,100
  
$
10
 
Corporate Securities
  
11,135
   
32
   
—
   
—
   
11,135
   
32
 
Pass through MBS issued by GSEs
  
216,451
   
1,049
   
45,489
   
951
   
261,940
   
2,000
 
Agency CMO
  
52,605
   
439
   
39,833
   
1,196
   
92,438
   
1,635
 

  
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
  
55,819
   
325
   
—
   
—
   
55,819
   
325
 
Agency CMO
  
86,746
   
96
   
3,168
   
69
   
89,914
   
165
 
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
  
At or for the Year Ended December 31,
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) Accretion of previously recognized OTTI
  
(60
)
  
(20
)
  
(80
)
  
(104
)
  
(34
)
  
(138
)
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
 
$
—
  —
  —
 
$
8,613
  
$
544
  
$
9,157