INVESTMENT SECURITIES (In Thousands)

The following table is the schedule of Available-For-Sale Securities at June 30, 2012, December 31, 2011 and June 30, 2011:



Available-For-Sale Securities
	U.S. Agency Obligations		State and Municipal Obligations		Mortgage- Backed Securities - Residential		Corporate and Other Debt Securities		Mututal Funds and Equity Securities		Total Available- For-Sale Securities
June 30, 2012
Available-For-Sale Securities, at Amortized Cost	$	48,300	$	54,746	$	314,394	$	1,001	$	1,364	$	419,805
Available-For-Sale Securities, at Fair Value	48,655		55,013		325,076		801		1,465		431,010
Gross Unrealized Gains	355		284		10,863		—		107		11,609
Gross Unrealized Losses	—		17		181		200		6		404
Available-For-Sale Securities, Pledged as Collateral											183,631

Maturities of Debt Securities, at Amortized Cost:
Within One Year	24,290		14,009		14,474		—				52,773
From 1 - 5 Years	24,010		37,707		271,696		1				333,414
From 5 - 10 Years	—		1,344		28,224		—				29,568
Over 10 Years	—		1,686		—		1,000				2,686

Maturities of Debt Securities, at Fair Value:
Within One Year	24,320		14,051		14,706		—				53,077
From 1 - 5 Years	24,335		37,881		280,416		1				342,633
From 5 - 10 Years	—		1,395		29,954		—				31,349
Over 10 Years	—		1,686		—		800				2,486

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	—	$	8,637	$	23,477	$	800	$	—	$	32,914
12 Months or Longer	—		—		—		—		39		39
Total	$	—	$	8,637	$	23,477	$	800	$	39	$	32,953
Number of Securities in a Continuous Loss Position	—		29		9		1		1		40

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	—	$	17	$	181	$	200	$	—	$	398
12 Months or Longer	—		—		—		—		6		6
Total	$	—	$	17	$	181	$	200	$	6	$	404



Available-For-Sale Securities
	U.S. Agency Obligations		State and Municipal Obligations		Mortgage- Backed Securities - Residential		Corporate and Other Debt Securities		Mututal Funds and Equity Securities		Total Available- For-Sale Securities
December 31, 2011
Available-For-Sale Securities, at Amortized Cost	$	116,055	$	44,712	$	382,118	$	1,015	$	1,365	$	545,265
Available-For-Sale Securities, at Fair Value	116,393		44,999		392,712		1,015		1,419		556,538
Gross Unrealized Gains	342		305		10,813		—		69		11,529
Gross Unrealized Losses	4		18		219		—		15		256
Available-For-Sale Securities, Pledged as Collateral											264,854

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	25,956	$	4,505	$	9,857	$	—	$	—	$	40,318
12 Months or Longer	—		—		5,715		—		78		5,793
Total	$	25,956	$	4,505	$	15,572	$	—	$	78	$	46,111
Number of Securities in a Continuous Loss Position	7		12		5		—		2		26

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	4	$	18	$	204	$	—	$	—	$	226
12 Months or Longer	—		—		15		—		15		30
Total	$	4	$	18	$	219	$	—	$	15	$	256

June 30, 2011
Available-For-Sale Securities, at Amortized Cost	$	49,312	$	90,451	$	357,194	$	1,357	$	1,314	$	499,628
Available-For-Sale Securities, at Fair Value	49,551		90,700		368,029		1,345		1,469		511,094
Gross Unrealized Gains	239		251		11,126		—		165		11,781
Gross Unrealized Losses	—		2		291		12		10		315
Available-For-Sale Securities, Pledged as Collateral											233,074

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	—	$	3,359	$	65,391	$	—	$	28	$	68,778
12 Months or Longer	—		—		146		317		46		509
Total	$	—	$	3,359	$	65,537	$	317	$	74	$	69,287
Number of Securities in a Continuous Loss Position	—		3		24		1		2		30

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	—	$	2	$	291	$	—	$	8	$	301
12 Months or Longer	—		—		—		12		2		14
Total	$	—	$	2	$	291	$	12	$	10	$	315

The following table is the schedule of Held-To-Maturity Securities at June 30, 2012, December 31, 2011 and June 30, 2011:



Held-To-Maturity Securities
	State and Municipal Obligations		Mortgage- Backed Securities - Residential		Corporate and Other Debt Securities		Total Held-To Maturity Securities
June 30, 2012
Held-To-Maturity Securities, at Amortized Cost	$	183,277	$	68,625	$	1,000	$	252,902
Held-To-Maturity Securities, at Fair Value	191,297		69,277		1,000		261,574
Gross Unrealized Gains	8,055		652		—		8,707
Gross Unrealized Losses	35		—		—		35
Held-To-Maturity Securities, Pledged as Collateral							252,902

Maturities of Debt Securities, at Amortized Cost:
Within One Year	35,450		—		—		35,450
From 1 - 5 Years	83,611		68,625		—		152,236
From 5 - 10 Years	59,047		—		—		59,047
Over 10 Years	5,169		—		1,000		6,169

Maturities of Debt Securities, at Fair Value:
Within One Year	35,563		—		—		35,563
From 1 - 5 Years	85,763		69,277		—		155,040
From 5 - 10 Years	64,429		—		—		64,429
Over 10 Years	5,542		—		1,000		6,542

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	14,908	$	—	$	—	$	14,908
12 Months or Longer	—		—		—		—
Total	$	14,908	$	—	$	—	$	14,908
Number of Securities in a Continuous Loss Position	34		—		—		34

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	35	$	—	$	—	$	35
12 Months or Longer	—		—		—		—
Total	$	35	$	—	$	—	$	35



Held-To-Maturity Securities
	State and Municipal Obligations		Mortgage- Backed Securities - Residential		Corporate and Other Debt Securities		Total Held-To Maturity Securities
December 31, 2011
Held-To-Maturity Securities, at Amortized Cost	$	149,688	$	—	$	1,000	$	150,688
Held-To-Maturity Securities, at Fair Value	158,059		—		1,000		159,059
Gross Unrealized Gains	8,378		—		—		8,378
Gross Unrealized Losses	7		—		—		7
Held-To-Maturity Securities, Pledged as Collateral							150,688

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	510	$	—	$	—	$	510
12 Months or Longer	—		—		—		—
Total	$	510	$	—	$	—	$	510
Number of Securities in a Continuous Loss Position	1		—		—		1

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	7	$	—	$	—	$	7
12 Months or Longer	—		—		—		—
Total	$	7	$	—	$	—	$	7

June 30, 2011
Held-To-Maturity Securities, at Amortized Cost	$	137,334	$	—	$	1,000	$	138,334
Held-To-Maturity Securities, at Fair Value	142,327		—		1,000		143,327
Gross Unrealized Gains	5,008		—		—		5,008
Gross Unrealized Losses	15		—		—		15
Held-To-Maturity Securities, Pledged as Collateral							138,334

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	—	$	—	$	—	$	—
12 Months or Longer	1,561		—		—		1,561
Total	$	1,561	$	—	$	—	$	1,561
Number of Securities in a Continuous Loss Position	5		—		—		5

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	—	$	—	$	—	$	—
12 Months or Longer	15		—		—		15
Total	$	15	$	—	$	—	$	15

In the tables above, maturities of mortgage-backed-securities - residential are included based on their expected average lives. Actual maturities will differ from the table below because issuers may have the right to call or prepay obligations with or without prepayment penalties.

Securities in a continuous loss position, in the tables above for June 30, 2012, December 31, 2011 and June 30, 2011 do not reflect any deterioration of the credit worthiness of the issuing entities. U.S. Agency issues, including agency-backed collateralized mortgage obligations and mortgage-backed securities, are all rated Aaa by Moody's and AA+ by Standard and Poor's. The state and municipal obligations are general obligations supported by the general taxing authority of the issuer, and in some cases are insured. Obligations issued by school districts are supported by state aid. For any non-rated municipal securities, credit analysis is performed in-house based upon data that has been submitted by the issuers to the NY State Comptroller. That analysis shows no deterioration in the credit worthiness of the municipalities. Subsequent to June 30, 2012, there were no securities downgraded below investment grade.

The unrealized losses on these temporarily impaired securities are primarily the result of changes in interest rates for fixed rate securities where the interest rate received is less than the current rate available for new offerings of similar securities, changes in market spreads as a result of shifts in supply and demand, and/or changes in the level of prepayments for mortgage related securities. Because we do not currently intend to sell any of our temporarily impaired securities, and because it is not more likely-than-not we would be required to sell the securities prior to recovery, the impairment is considered temporary.