INVESTMENT SECURITIES (In Thousands)

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



Available-For-Sale Securities
	U.S. Agency Obligations		State and Municipal Obligations		Mortgage- Backed Securities - Residential		Corporate and Other Debt Securities		Mutual Funds and Equity Securities		Total Available- For-Sale Securities
September 30, 2012
Available-For-Sale Securities, at Amortized Cost	$	56,054	$	62,706	$	292,716	$	1,000	$	1,120	$	413,596
Available-For-Sale Securities, at Fair Value	56,391		62,965		304,085		800		1,175		425,416
Gross Unrealized Gains	337		285		11,549		—		55		12,226
Gross Unrealized Losses	—		26		180		200		—		406
Available-For-Sale Securities, Pledged as Collateral											276,357

Maturities of Debt Securities, at Amortized Cost:
Within One Year	31,007		15,777		21,841		—				68,625
From 1 - 5 Years	25,047		43,969		253,650		—				322,666
From 5 - 10 Years	—		1,343		17,225		—				18,568
Over 10 Years	—		1,617		—		1,000				2,617

Maturities of Debt Securities, at Fair Value:
Within One Year	31,012		15,818		22,494		—				69,324
From 1 - 5 Years	25,379		44,131		263,126		—				332,636
From 5 - 10 Years	—		1,399		18,465		—				19,864
Over 10 Years	—		1,617		—		800				2,417

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	4,999	$	17,432	$	18,825	$	800	$	—	$	42,056
12 Months or Longer	—		—		—		—		—		—
Total	$	4,999	$	17,432	$	18,825	$	800	$	—	$	42,056
Number of Securities in a Continuous Loss Position	1		73		7		1				82

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	—	$	26	$	180	$	200	$	—	$	406
12 Months or Longer	—		—		—		—		—		—
Total	$	—	$	26	$	180	$	200	$	—	$	406



Available-For-Sale Securities
	U.S. Agency Obligations		State and Municipal Obligations		Mortgage- Backed Securities - Residential		Corporate and Other Debt Securities		Mutual 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											291,147

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

September 30, 2011
Available-For-Sale Securities, at Amortized Cost	$	43,058	$	48,564	$	366,485	$	1,330	$	1,365	$	460,802
Available-For-Sale Securities, at Fair Value	43,416		48,850		377,375		1,318		1,381		472,340
Gross Unrealized Gains	358		286		11,156		—		41		11,841
Gross Unrealized Losses	—		—		266		12		25		303
Available-For-Sale Securities, Pledged as Collateral											344,341

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	—	$	257	$	17,637	$	—	$	148	$	18,042
12 Months or Longer	—		—		4,390		317		—		4,707
Total	$	—	$	257	$	22,027	$	317	$	148	$	22,749
Number of Securities in a Continuous Loss Position	—		1		10		1		4		16

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	—	$	—	$	251	$	—	$	25	$	276
12 Months or Longer	—		—		15		12		—		27
Total	$	—	$	—	$	266	$	12	$	25	$	303

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



Held-To-Maturity Securities
	State and Municipal Obligations		Mortgage- Backed Securities - Residential		Corporate and Other Debt Securities		Total Held-To Maturity Securities
September 30, 2012
Held-To-Maturity Securities, at Amortized Cost	$	179,412	$	64,537	$	1,000	$	244,949
Held-To-Maturity Securities, at Fair Value	188,127		65,809		1,000		254,936
Gross Unrealized Gains	8,718		1,272		—		9,990
Gross Unrealized Losses	3		—		—		3
Held-To-Maturity Securities, Pledged as Collateral							244,949

Maturities of Debt Securities, at Amortized Cost:
Within One Year	31,578		—		—		31,578
From 1 - 5 Years	86,409		64,537		—		150,946
From 5 - 10 Years	56,959		—		—		56,959
Over 10 Years	4,466		—		1,000		5,466

Maturities of Debt Securities, at Fair Value:
Within One Year	31,664		—		—		31,664
From 1 - 5 Years	89,124		65,809		—		154,933
From 5 - 10 Years	62,578		—		—		62,578
Over 10 Years	4,761		—		1,000		5,761

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	3,165	$	—	$	—	$	3,165
12 Months or Longer	—		—		—		—
Total	$	3,165	$	—	$	—	$	3,165
Number of Securities in a Continuous Loss Position	9		—		—		9

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	3	$	—	$	—	$	3
12 Months or Longer	—		—		—		—
Total	$	3	$	—	$	—	$	3



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

September 30, 2011
Held-To-Maturity Securities, at Amortized Cost	$	145,416	$	—	$	1,000	$	146,416
Held-To-Maturity Securities, at Fair Value	152,131		—		1,000		153,131
Gross Unrealized Gains	6,715		—		—		6,715
Gross Unrealized Losses	—		—		—		—
Held-To-Maturity Securities, Pledged as Collateral							146,416

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

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

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 September 30, 2012, December 31, 2011 and September 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 September 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 that we would be required to sell the securities prior to recovery, the impairment is considered temporary.