
	INVESTMENT SECURITIES (Dollars In Thousands)

The following table is the schedule of Available-For-Sale Securities at December 31, 2012 and 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
December 31, 2012
Available-For-Sale Securities, at Amortized Cost	$	122,297	$	84,798	$	252,480	$	8,689	$	1,120	$	469,384
Available-For-Sale Securities, at Fair Value	122,457		84,838		261,804		8,451		1,148		478,698
Gross Unrealized Gains	204		206		9,405		—		28		9,843
Gross Unrealized Losses	44		166		81		238		—		529
Available-For-Sale Securities, Pledged as Collateral											260,292

Maturities of Debt Securities, at Amortized Cost:
Within One Year	—		28,231		19,180		—				47,411
From 1 - 5 Years	122,297		53,797		217,387		6,381				399,862
From 5 - 10 Years	—		1,593		15,913		1,308				18,814
Over 10 Years	—		1,177		—		1,000				2,177

Maturities of Debt Securities, at Fair Value:
Within One Year	—		28,284		19,838		—				48,122
From 1 - 5 Years	122,457		53,731		224,982		6,350				407,520
From 5 - 10 Years	—		1,646		16,984		1,301				19,931
Over 10 Years	—		1,177		—		800				1,977

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	72,531	$	46,627	$	10,230	$	8,451	$	—	$	137,839
12 Months or Longer	—		2,149		4,968		—		—		7,117
Total	$	72,531	$	48,776	$	15,198	$	8,451	$	—	$	144,956
Number of Securities in a Continuous Loss Position	22		198		7		11		—		238

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	44	$	160	$	50	$	238	$	—	$	492
12 Months or Longer	—		6		31		—		—		37
Total	$	44	$	166	$	81	$	238	$	—	$	529
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											265,854

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



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
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

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



Held-To-Maturity Securities
	State and Municipal Obligations		Mortgage- Backed Securities - Residential		Corporate and Other Debt Securities		Total Held-To Maturity Securities
December 31, 2012
Held-To-Maturity Securities, at Amortized Cost	$	183,373	$	55,430	$	1,000	$	239,803
Held-To-Maturity Securities, at Fair Value	191,196		56,056		1,000		248,252
Gross Unrealized Gains	7,886		626		—		8,512
Gross Unrealized Losses	63		—		—		63
Held-To-Maturity Securities, Pledged as Collateral							238,803

Maturities of Debt Securities, at Amortized Cost:
Within One Year	32,047		—		—		32,047
From 1 - 5 Years	69,431		55,430		—		124,861
From 5 - 10 Years	76,096		—		—		76,096
Over 10 Years	5,799		—		1,000		6,799

Maturities of Debt Securities, at Fair Value:
Within One Year	32,115		—		—		32,115
From 1 - 5 Years	70,371		56,056		—		126,427
From 5 - 10 Years	82,476		—		—		82,476
Over 10 Years	6,234		—		1,000		7,234

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	21,583	$	—	$	—	$	21,583
12 Months or Longer	503		—		—		503
Total	$	22,086	$	—	$	—	$	22,086
Number of Securities in a Continuous Loss Position	61		—		—		61

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	62	$	—	$	—	$	62
12 Months or Longer	1		—		—		1
Total	$	63	$	—	$	—	$	63



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							149,688

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

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.

In the available-for-sale category at December 31, 2012, U.S. agency obligations consisted solely of U.S. Government Agency securities with an amortized cost of $122.3 million and a fair value of $122.5 million. Mortgage-backed securities-residential consisted of U.S. Government Agency securities with an amortized cost of $36.4 million and a fair value of $37.8 million and GSE securities with an amortized cost of $216.1 million and a fair value of $224.0 million. In the held-to-maturity category at December 31, 2012, mortgage-backed securities-residential consisted of GSEs with an amortized cost of $55.4 million and a fair value of $56.1 million.

In the available-for-sale category at December 31, 2011, U.S. agency obligations consisted solely of U.S. Government Agency securities with an amortized cost of $116.1 million and a fair value of $116.4 million. Mortgage-backed securities-residential consisted of US Government Agency securities with an amortized cost of $52.6 million and a fair value of $54.5 million and GSEs with an amortized cost of $329.5 million and a fair value of $338.2 million.

Securities in a continuous loss position, in the tables above for December 31, 2012 and December 31, 2011 do not reflect any deterioration of the credit worthiness of the issuing entities. U.S. agency issues, including 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 December 31, 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.

Other investments consist solely of Federal Reserve Bank and Federal Home Loan Bank Stock and are carried at cost.

Schedule of Federal Reserve Bank and Federal Home Loan Bank Stock



	December 31,
	2012		2011
Federal Reserve Bank Stock	$	1,018	$	1,031
Federal Home Loan Bank Stock	4,774		5,691
Total Federal Reserve Bank and Federal Home Loan Bank Stock	$	5,792	$	6,722