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SECURITIES (Tables)
 6 Months Ended
Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]  
Schedule of amortized cost and fair value of securities
The amortized cost and fair value of securities as of the dates set forth were as follows:
 
 
June 30, 2018
 
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
 
(Dollars in thousands)
Available-for-sale:
 
 
 
 
 
 
 
 
SBA guaranteed securities
 
$
99,125

 
$
74

 
$
(1,982
)
 
$
97,217

Mortgage-backed securities issued by U.S. government agencies or sponsored enterprises: residential
 
227,164

 
—

 
(7,095
)
 
220,069

Mortgage-backed securities issued by U.S. government agencies or sponsored enterprises: commercial
 
65,823

 
—

 
(2,823
)
 
63,000

Collateralized mortgage obligations issued by U.S. government agencies or sponsored enterprises: residential
 
211,291

 
—

 
(7,035
)
 
204,256

Collateralized mortgage obligations issued by U.S. government agencies or sponsored enterprises: commercial
 
35,990

 
—

 
(1,341
)
 
34,649

Corporate debt securities
 
15,913

 
53

 
(61
)
 
15,905

Obligations of municipal subdivisions
 
236

 
1

 
—

 
237

Total
 
$
655,542

 
$
128

 
$
(20,337
)
 
$
635,333

 
 
 
 
 
 
 
 
 
Held-to-maturity:
 
 
 
 
 
 
 
 
Mortgage-backed securities issued by U.S. government agencies or sponsored enterprises: residential
 
$
11,352

 
$
25

 
$
(389
)
 
$
10,988

Mortgage-backed securities issued by U.S. government agencies or sponsored enterprises: commercial
 
2,488

 
—

 
(90
)
 
2,398

Collateralized mortgage obligations issued by U.S. government agencies or sponsored enterprises: residential
 
44,499

 
60

 
(138
)
 
44,421

Obligations of municipal subdivisions
 
6,191

 
—

 
(5
)
 
6,186

Total
 
$
64,530

 
$
85

 
$
(622
)
 
$
63,993

 
Securities with fair value of $50.0 million were transferred from available-for-sale to held-to-maturity classification during the quarter ended March 31, 2018. The related unrealized loss at the date of transfer of $2.2 million remained in accumulated other comprehensive income and will be amortized over the remaining term of the securities. The net unamortized, unrealized loss on the transferred securities included in accumulated other comprehensive income as of June 30, 2018 totaled $2.1 million.

 
 
December 31, 2017
 
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
 
(Dollars in thousands)
Available-for-sale:
 
 
 
 
 
 
 
 
SBA guaranteed securities
 
$
104,111

 
$
129

 
$
(948
)
 
$
103,292

Mortgage-backed securities issued by U.S. government agencies or sponsored enterprises: residential
 
250,580

 
297

 
(1,701
)
 
249,176

Mortgage-backed securities issued by U.S. government agencies or sponsored enterprises: commercial
 
65,986

 
—

 
(500
)
 
65,486

Collateralized mortgage obligations issued by U.S. government agencies or sponsored enterprises: residential
 
234,881

 
—

 
(6,434
)
 
228,447

Collateralized mortgage obligations issued by U.S. government agencies or sponsored enterprises: commercial
 
36,151

 
—

 
(472
)
 
35,679

Corporate debt securities
 
5,789

 
5

 
—

 
5,794

Obligations of municipal subdivisions
 
6,672

 
—

 
(45
)
 
6,627

CRA qualified investment fund
 
11,337

 
—

 
(299
)
 
11,038

Total
 
$
715,507

 
$
431

 
$
(10,399
)
 
$
705,539

 
 
 
 
 
 
 
 
 
Held-to-maturity:
 
 

 
 

 
 

 
 

Mortgage-backed securities issued by U.S. government agencies or sponsored enterprises: residential
 
$
10,841

 
$
61

 
$
(170
)
 
$
10,732

Collateralized mortgage obligations issued by U.S. government agencies or sponsored enterprises: residential
 
2,434

 
—

 
(20
)
 
2,414

Total
 
$
13,275

 
$
61

 
$
(190
)
 
$
13,146
Schedule of contractual maturities of securities
The following table sets forth, as of the date indicated, contractual maturities of securities:
 
 
June 30, 2018
 
 
Available-for-sale
 
Held-to-maturity
 
 
Amortized Cost
 
Fair Value
 
Amortized Cost
 
Fair Value
 
 
(Dollars in thousands)
Due in one year or less
 
$
—

 
$
—

 
$
—

 
$
—

Due after one year through five years
 
4,913

 
4,871

 
—

 
—

Due after five years through ten years
 
11,236

 
11,271

 
—

 
—

Due after ten years
 
—

 
—

 
6,191

 
6,186

 
 
16,149

 
16,142

 
6,191

 
6,186

 
 
 
 
 
 
 
 
 
Mortgage-backed securities and collateralized mortgage obligations
 
540,268

 
521,974

 
58,339

 
57,807

SBA guaranteed securities
 
99,125

 
97,217

 
—

 
—

Total
 
$
655,542

 
$
635,333

 
$
64,530

 
$
63,993
Schedule of investments in a continuous unrealized loss position
Securities with unrealized losses segregated by length of continuous unrealized loss position as of the dates set forth were as follows:
 
 
June 30, 2018
 
 
Less than 12 Months
 
12 Months or More
 
 
Amortized Cost
 
Gross Unrealized Losses
 
Fair Value
 
Amortized Cost
 
Gross Unrealized Losses
 
Fair Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in thousands)
Available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
 
SBA guaranteed securities
 
$
89,688

 
$
(1,892
)
 
$
87,796

 
$
4,979

 
$
(90
)
 
$
4,889

Mortgage-backed securities issued by U.S. government agencies or sponsored enterprises: residential
 
227,164

 
(7,095
)
 
220,069

 
—

 
—

 
—

Mortgage-backed securities issued by U.S. government agencies or sponsored enterprises: commercial
 
52,887

 
(2,340
)
 
50,547

 
12,936

 
(483
)
 
12,453

Collateralized mortgage obligations issued by U.S. government agencies or sponsored enterprises: residential
 
72,794

 
(1,481
)
 
71,313

 
138,497

 
(5,554
)
 
132,943

Collateralized mortgage obligations issued by U.S. government agencies or sponsored enterprises: commercial
 
35,990

 
(1,341
)
 
34,649

 
—

 
—

 
—

Corporate debt securities
 
8,913

 
(61
)
 
8,852

 
—

 
—

 
—

Total
 
$
487,436

 
$
(14,210
)
 
$
473,226

 
$
156,412

 
$
(6,127
)
 
$
150,285

 
 
 
 
 
 
 
 
 
 
 
 
 
Held-to-maturity:
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed securities issued by U.S. government agencies or sponsored enterprises: residential
 
$
3,893

 
$
(78
)
 
$
3,815

 
$
6,017

 
$
(311
)
 
$
5,706

Mortgage-backed securities issued by U.S. government agencies or sponsored enterprises: commercial
 
2,488

 
(90
)
 
2,398

 
—

 
—

 
—

Collateralized mortgage obligations issued by U.S. government agencies or sponsored enterprises: residential
 
42,531

 
(138
)
 
42,393

 
—

 
—

 
—

Municipal bonds
 
6,191

 
(5
)
 
6,186

 
—

 
—

 
—

Total
 
$
55,103

 
$
(311
)
 
$
54,792

 
$
6,017

 
$
(311
)
 
$
5,706


 
 
December 31, 2017
 
 
Less than 12 Months
 
12 Months or More
 
 
Amortized Cost
 
Gross Unrealized Losses
 
Fair Value
 
Amortized Cost
 
Gross Unrealized Losses
 
Fair Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in thousands)
Available-for-sale:
 
 
 
 
 
 
 
            
 
 
 
            
SBA guaranteed securities
 
$
76,603

 
$
(948
)
 
$
75,655

 
$
—

 
$
—

 
$
—

Mortgage-backed securities issued by U.S. government agencies or sponsored enterprises: residential
 
192,105

 
(1,608
)
 
190,497

 
9,152

 
(93
)
 
9,059

Mortgage-backed securities issued by U.S. government agencies or sponsored enterprises: commercial
 
65,986

 
(500
)
 
65,486

 
—

 
—

 
—

Collateralized mortgage obligations issued by U.S. government agencies or sponsored enterprises: residential
 
210,034

 
(6,183
)
 
203,851

 
9,037

 
(251
)
 
8,786

Collateralized mortgage obligations issued by U.S. government agencies or sponsored enterprises: commercial
 
36,151

 
(472
)
 
35,679

 
—

 
—

 
—

Obligations of municipal subdivisions
 
6,436

 
(45
)
 
6,391

 
—

 
—

 
—

CRA qualified investment fund
 
—

 
—

 
—

 
11,337

 
(299
)
 
11,038

Total
 
$
587,315

 
$
(9,756
)
 
$
577,559

 
$
29,526

 
$
(643
)
 
$
28,883

 
 
 
 
 
 
 
 
 
 
 
 
 
Held-to-maturity:
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed securities issued by U.S. government agencies or sponsored enterprises: residential
 
$
1,086

 
$
(9
)
 
$
1,077

 
$
6,265

 
$
(161
)
 
$
6,104

Collateralized mortgage obligations issued by U.S. government agencies or sponsored enterprises: residential
 
2,434

 
(20
)
 
2,414

 
—

 
—

 
—

Total
 
$
3,520

 
$
(29
)
 
$
3,491

 
$
6,265

 
$
(161
)
 
$
6,104