INVESTMENT SECURITIES (Tables)

12 Months Ended

Dec. 31, 2015

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.



	December 31, 2015
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Securities available for sale:
GSE obligations	$	5,980	$	3	$	1	$	5,982
SBA-guaranteed securities	12,114		74		12		12,176
Mortgage-backed securities issued by GSE	440,654		887		5,916		435,625
Municipal bonds	55,402		504		106		55,800
Corporate bonds	123,669		551		688		123,532
Collateralized loan obligations	50,538		—		55		50,483
Non-agency RMBS	3,528		144		9		3,663
Other debt securities	245		—		—		245
Marketable equity securities	2,381		33		788		1,626
Total securities available for sale	$	694,511	$	2,196	$	7,575	$	689,132

Securities held to maturity:
Municipal bonds	$	39,182	$	1,318	$	—	$	40,500



	December 31, 2014
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Securities available for sale:
GSE obligations	$	14,914	$	30	$	—	$	14,944
SBA-guaranteed securities	60,408		84		372		60,120
Mortgage-backed securities issued by GSE	428,076		1,086		3,879		425,283
Municipal bonds	39,907		355		4		40,258
Corporate bonds	118,799		1,261		148		119,912
Non-agency RMBS	4,961		3		1		4,963
Non-agency CMBS	3,576		2		—		3,578
Other debt securities	498		—		—		498
Marketable equity securities	3,017		1		153		2,865
Total securities available for sale	$	674,156	$	2,822	$	4,557	$	672,421

Securities held to maturity:
Municipal bonds	$	39,620	$	966	$	—	$	40,586

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
December 31, 2015
Securities available for sale:
GSE obligations	$	999	$	1	$	—	$	—	$	999	$	1
SBA-guaranteed securities	5,043		12		—		—		5,043		12
Mortgage-backed securities issued by GSE	208,620		2,453		117,144		3,463		325,764		5,916
Municipal bonds	8,995		106		—		—		8,995		106
Corporate bonds	43,110		577		3,697		111		46,807		688
Collateralized loan obligations	45,471		55		—		—		45,471		55
Non-agency RMBS	—		—		901		9		901		9
Marketable equity securities	1,411		788		—		—		1,411		788
Total temporarily impaired AFS securities	$	313,649	$	3,992	$	121,742	$	3,583	$	435,391	$	7,575

December 31, 2014
Securities available for sale:
SBA-guaranteed securities	$	94	$	1	$	41,950	$	371	$	42,044	$	372
Mortgage-backed securities issued by GSE	152,186		1,117		149,746		2,762		301,932		3,879
Municipal bonds	1,953		4		—		—		1,953		4
Corporate bonds	18,123		64		3,767		84		21,890		148
Non-agency RMBS	1,318		1		—		—		1,318		1
Marketable equity securities	2,711		153		—		—		2,711		153
Total temporarily impaired AFS securities	$	176,385	$	1,340	$	195,463	$	3,217	$	371,848	$	4,557

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.



	December 31, 2015				December 31, 2014
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Securities available for sale:
Due within one year	$	66,591	$	67,163	$	30,365	$	30,536
Due after one year through five years	291,298		289,525		294,557		295,252
Due after five years through ten years	309,625		306,420		313,733		311,313
Due after ten years	24,616		24,398		32,484		32,455
Marketable equity securities	2,381		1,626		3,017		2,865
	$	694,511	$	689,132	$	674,156	$	672,421
Securities held to maturity:
Due after one year through five years	$	31,421	$	32,272	$	20,177	$	20,747
Due after five years through ten years	4,072		4,229		15,836		16,092
Due after ten years	3,689		3,999		3,607		3,747
	$	39,182	$	40,500	$	39,620	$	40,586

Schedule of securities gains (losses)

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



	Year ended December 31,
	2015			2014			2013

Gross gains on sales of securities available for sale	$	3		$	453		$	1,250
Gross losses on sales of securities available for sale	(3		)	(327		)	(35		)
Total securities gains (losses)	$	—		$	126		$	1,215

- Definition

Tabular disclosure of the realized and unrealized gains and losses reported in the statement of income which have resulted from the sale and holding of marketable securities, respectively, as well as the sale or disposal of cost method investments. Such amounts would include realized gains and losses on the sale or disposal of trading, available-for-sale, and held-to-maturity securities, unrealized gains and losses on trading securities, unrealized gains and losses on available-for-sale and held-to-maturity securities transferred to the trading securities category, realized gains and losses on the sale or disposal of cost method investments, and losses recognized for other than temporary impairments (OTTI) of such investments.

+ References + Details