INVESTMENT SECURITIES (In Thousands)

The following table is the schedule of Available-For-Sale Securities at March 31, 2013, December 31, 2012 and March 31, 2012:



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
March 31, 2013
Available-For-Sale Securities, at Amortized Cost	$	132,217	$	104,304	$	219,067	$	12,913	$	1,120	$	469,621
Available-For-Sale Securities, at Fair Value	132,153		104,469		228,323		12,691		1,139		478,775
Gross Unrealized Gains	23		228		9,256		2		19		9,528
Gross Unrealized Losses	87		63		—		224		—		374
Available-For-Sale Securities, Pledged as Collateral											274,433

Maturities of Debt Securities, at Amortized Cost:
Within One Year	—		29,880		14,955		—				44,835
From 1 - 5 Years	132,217		69,269		193,002		11,913				406,401
From 5 - 10 Years	—		4,235		11,110		—				15,345
Over 10 Years	—		920		—		1,000				1,920

Maturities of Debt Securities, at Fair Value:
Within One Year	—		29,925		15,367		—				45,292
From 1 - 5 Years	132,153		69,340		200,956		11,891				414,340
From 5 - 10 Years	—		4,284		12,000		—				16,284
Over 10 Years	—		920		—		800				1,720

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	94,909	$	31,325	$	3	$	8,452	$	—	$	134,689
12 Months or Longer	—		1,481		—		—		—		1,481
Total	$	94,909	$	32,806	$	3	$	8,452	$	—	$	136,170
Number of Securities in a Continuous Loss Position	28		154		1		11		—		194

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	87	$	61	$	—	$	224	$	—	$	372



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
12 Months or Longer	—		2		—		—		—		2
Total	$	87	$	63	$	—	$	224	$	—	$	374
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

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

March 31, 2012
Available-For-Sale Securities, at Amortized Cost	$	65,303	$	43,186	$	345,294	$	1,028	$	1,365	$	456,176
Available-For-Sale Securities, at Fair Value	65,660		43,482		355,382		828		1,433		466,785
Gross Unrealized Gains	357		308		10,240		—		74		10,979
Gross Unrealized Losses	—		12		152		200		6		370
Available-For-Sale Securities, Pledged as Collateral											304,303

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	—	$	2,831	$	14,205	$	800	$	39	$	17,875
12 Months or Longer	—		—		—		—		—		—
Total	$	—	$	2,831	$	14,205	$	800	$	39	$	17,875
Number of Securities in a Continuous Loss Position	—		7		4		1		1		13

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	—	$	12	$	152	$	200	$	6	$	370
12 Months or Longer	—		—		—		—		—		—
Total	$	—	$	12	$	152	$	200	$	6	$	370

The following table is the schedule of Held-To-Maturity Securities at March 31, 2013, December 31, 2011 and March 31, 2012:



Held-To-Maturity Securities
	State and Municipal Obligations		Mortgage- Backed Securities - Residential		Corporate and Other Debt Securities		Total Held-To Maturity Securities
March 31, 2013
Held-To-Maturity Securities, at Amortized Cost	$	198,858	$	51,598	$	1,000	$	251,456
Held-To-Maturity Securities, at Fair Value	206,141		52,421		1,000		259,562
Gross Unrealized Gains	7,317		823		—		8,140
Gross Unrealized Losses	34		—		—		34
Held-To-Maturity Securities, Pledged as Collateral							250,456

Maturities of Debt Securities, at Amortized Cost:
Within One Year	46,701		—		—		46,701
From 1 - 5 Years	71,562		51,598		—		123,160
From 5 - 10 Years	75,122		—		—		75,122
Over 10 Years	5,473		—		1,000		6,473

Maturities of Debt Securities, at Fair Value:
Within One Year	46,740		—		—		46,740
From 1 - 5 Years	72,640		52,421		—		125,061
From 5 - 10 Years	80,919		—		—		80,919
Over 10 Years	5,842		—		1,000		6,842

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	8,794	$	—	$	—	$	8,794
12 Months or Longer	173		—		—		173
Total	$	8,967	$	—	$	—	$	8,967
Number of Securities in a Continuous Loss Position	33		—		—		33

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	34	$	—	$	—	$	34
12 Months or Longer	—		—		—		—
Total	$	34	$	—	$	—	$	34



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

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

March 31, 2012
Held-To-Maturity Securities, at Amortized Cost	$	159,790	$	39,817	$	1,000	$	200,607
Held-To-Maturity Securities, at Fair Value	167,109		39,670		1,000		207,779
Gross Unrealized Gains	7,415		17		—		7,432
Gross Unrealized Losses	96		164		—		260
Held-To-Maturity Securities, Pledged as Collateral							199,607

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	11,719	$	33,704	$	—	$	45,423
12 Months or Longer	—		—		—		—
Total	$	11,719	$	33,704	$	—	$	45,423
Number of Securities in a Continuous Loss Position	33		18		—		51

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	96	$	164	$	—	$	260
12 Months or Longer	—		—		—		—
Total	$	96	$	164	$	—	$	260

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 March 31, 2013, U.S. agency obligations consisted solely of U.S. Government Agency securities with an amortized cost of $132.2 million and a fair value of $132.2 million. Mortgage-backed securities-residential consisted of U.S. Government Agency securities with an amortized cost of $35.3 million and a fair value of $37.2 million and GSE securities with an amortized cost of $183.8 million and a fair value of $191.1 million. In the held-to-maturity category at March 31, 2013, mortgage-backed securities-residential consisted of GSEs with an amortized cost of $51.6 million and a fair value of $52.4 million.

In the available-for-sale category at March 31, 2012, U.S. agency obligations consisted solely of U.S. Government Agency securities with an amortized cost of $65.3 million and a fair value of $65.7 million. Mortgage-backed securities-residential consisted of US Government Agency securities with an amortized cost of $44.4 million and a fair value of $45.9 million and GSEs with an amortized cost of $300.9 million and a fair value of $309.5 million. In the held-to-maturity category at March 31, 2012, mortgage-backed securities-residential consisted of GSEs with an amortized cost of $39.8 million and a fair value of $39.7 million.

Securities in a continuous loss position, in the tables above for March 31, 2013, December 31, 2012 and March 31, 2012 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 March 31, 2013, 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.