INVESTMENT SECURITIES (Tables)

3 Months Ended

Mar. 31, 2014

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost, gross unrealized gains and losses, and fair value of investment securities

The following tables summarize the amortized cost, gross unrealized gains and losses, and fair value of investment securities available for sale and held to maturity by major classification.

	March 31, 2014
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Securities available for sale:
U.S. government-sponsored enterprise securities	$	14,846	$	—	$	123	$	14,723
SBA-guaranteed securities	64,271		57		614		63,714
Residential mortgage-backed securities (MBS)	218,376		76		8,767		209,685
Corporate bonds	111,159		1,899		321		112,737
Commercial MBS	4,133		53		—		4,186
Municipal obligations - non-taxable	600		1		—		601
Other debt securities	498		—		—		498
Marketable equity securities	700		387		—		1,087
Total securities available for sale	$	414,583	$	2,473	$	9,825	$	407,231
Securities held to maturity:
Municipal obligations - non-taxable	$	3,119	$	—	$	—	$	3,119

	December 31, 2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Securities available for sale:
U.S. government-sponsored enterprise securities	$	14,834	$	—	$	161	$	14,673
SBA-guaranteed securities	66,579		52		751		65,880
Residential MBS	216,818		69		11,627		205,260
Corporate bonds	109,423		1,800		483		110,740
Commercial MBS	5,867		71		—		5,938
Municipal obligations – non-taxable	600		1		—		601
Other debt securities	253		—		—		253
Marketable equity securities	677		366		—		1,043
Total securities available for sale	$	415,051	$	2,359	$	13,022	$	404,388
Securities held to maturity:
Corporate bonds	$	500	$	—	$	—	$	500

Schedule of gross unrealized losses and fair values of securities in a continuous unrealized loss position

The following tables summarize gross unrealized losses and fair values, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position. 

	Less Than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
March 31, 2014
U.S. government-sponsored enterprise securities	$	9,849	$	22	$	4,874	$	101	$	14,723	$	123
SBA-guaranteed securities	53,007		614		—		—		53,007		614
Residential MBS	183,744		7,893		21,391		874		205,135		8,767
Corporate bonds	24,606		321		—		—		24,606		321
Total temporarily impaired securities	$	271,206	$	8,850	$	26,265	$	975	$	297,471	$	9,825
December 31, 2013
U.S. government-sponsored enterprise securities	$	14,673	$	161	$	—	$	—	$	14,673	$	161
SBA-guaranteed securities	57,277		751		—		—		57,277		751
Residential MBS	198,885		11,627		—		—		198,885		11,627
Corporate bonds	19,420		483		—		—		19,420		483
Total temporarily impaired securities	$	290,255	$	13,022	$	—	$	—	$	290,255	$	13,022

Schedule of amortized cost and fair value by contractual maturity

The amortized cost and fair values of securities available for sale, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. 

	March 31, 2014				December 31, 2013
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Securities available for sale:
Due within one year	$	557	$	557	$	677	$	678
Due after one year through five years	179,875		180,364		182,777		182,713
Due after five years through ten years	173,568		168,492		173,624		166,765
Due after ten years	59,883		56,731		57,296		53,189
Equity securities	700		1,087		677		1,043
	$	414,583	$	407,231	$	415,051	$	404,388
Securities held to maturity:
Due after one year through five years	$	—	$	—	$	500	$	500
Due after five years through ten years	1,479		1,479		—		—
Due after ten years	1,640		1,640		—		—
	$	3,119	$	3,119	$	500	$	500

The following table summarizes securities gains (losses) for the periods presented.

	Three Months Ended March 31,
	2014		2013
Gross gains on sales of securities available for sale	$	—	$	1,092
Gross losses on sales of securities available for sale	—		—
Total securities gains	$	—	$	1,092