INVESTMENT SECURITIES (In Thousands)

The following table is the schedule of Available-For-Sale Securities at June 30, 2013, December 31, 2012 and June 30, 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
June 30, 2013
Available-For-Sale Securities, at Amortized Cost	$	151,199	$	131,154	$	197,775	$	17,219	$	1,120	$	498,467
Available-For-Sale Securities, at Fair Value	150,046		130,444		203,230		16,711		1,143		501,574
Gross Unrealized Gains	—		135		5,586		—		23		5,744
Gross Unrealized Losses	1,153		845		131		508		—		2,637
Available-For-Sale Securities, Pledged as Collateral											270,243

Maturities of Debt Securities, at Amortized Cost:
Within One Year	—		47,464		19,226		—				66,690
From 1 - 5 Years	151,199		80,191		168,347		16,219				415,956
From 5 - 10 Years	—		2,819		10,202		—				13,021
Over 10 Years	—		680		—		1,000				1,680

Maturities of Debt Securities, at Fair Value:
Within One Year	—		47,501		19,969		—				67,470
From 1 - 5 Years	150,046		79,434		172,421		15,911				417,812
From 5 - 10 Years	—		2,829		10,840		—				13,669
Over 10 Years	—		680		—		800				1,480

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	150,048	$	80,443	$	6,750	$	15,910	$	—	$	253,151
12 Months or Longer	—		4,228		—		800		—		5,028
Total	$	150,048	$	84,671	$	6,750	$	16,710	$	—	$	258,179
Number of Securities in a Continuous Loss Position	47		347		3		22		—		419

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	1,153	$	826	$	131	$	308	$	—	$	2,418



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	—		19		—		200		—		219
Total	$	1,153	$	845	$	131	$	508	$	—	$	2,637
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

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											184,631

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

The following table is the schedule of Held-To-Maturity Securities at June 30, 2013, December 31, 2012 and June 30, 2012:



Held-To-Maturity Securities
	State and Municipal Obligations		Mortgage- Backed Securities - Residential		Corporate and Other Debt Securities		Total Held-To Maturity Securities
June 30, 2013
Held-To-Maturity Securities, at Amortized Cost	$	200,182	$	47,732	$	1,000	$	248,914
Held-To-Maturity Securities, at Fair Value	204,153		47,538		1,000		252,691
Gross Unrealized Gains	4,833		8		—		4,841
Gross Unrealized Losses	862		202		—		1,064
Held-To-Maturity Securities, Pledged as Collateral							247,914

Maturities of Debt Securities, at Amortized Cost:
Within One Year	53,463		—		—		53,463
From 1 - 5 Years	75,659		47,732		—		123,391
From 5 - 10 Years	67,248		—		—		67,248
Over 10 Years	3,812		—		1,000		4,812

Maturities of Debt Securities, at Fair Value:
Within One Year	53,490		—		—		53,490
From 1 - 5 Years	76,624		47,538		—		124,162
From 5 - 10 Years	70,091		—		—		70,091
Over 10 Years	3,948		—		1,000		4,948

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	39,598	$	42,813	$	—	$	82,411
12 Months or Longer	13,204		—		—		13,204
Total	$	52,802	$	42,813	$	—	$	95,615
Number of Securities in a Continuous Loss Position	172		27		—		199

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	712	$	203	$	—	$	915
12 Months or Longer	149		—		—		149
Total	$	861	$	203	$	—	$	1,064



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

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							251,902

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

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 June 30, 2013, U.S. agency obligations consisted solely of U.S. Government Agency securities with an amortized cost of $151.2 million and a fair value of $150.0 million. Mortgage-backed securities-residential consisted of U.S. Government Agency securities with an amortized cost of $34.1 million and a fair value of $35.1 million and GSE securities with an amortized cost of $163.7 million and a fair value of $168.1 million. In the held-to-maturity category at June 30, 2013, mortgage-backed securities-residential consisted of GSEs with an amortized cost of $47.7 million and a fair value of $47.5 million.

In the available-for-sale category at June 30, 2012, U.S. agency obligations consisted solely of U.S. Government Agency securities with an amortized cost of $48.3 million and a fair value of $48.7 million. Mortgage-backed securities-residential consisted of US Government Agency securities with an amortized cost of $42.5 million and a fair value of $44.0 million and GSEs with an amortized cost of $271.9 million and a fair value of $281.1 million. In the held-to-maturity category at June 30, 2012, mortgage-backed securities-residential consisted of GSEs with an amortized cost of $68.6 million and a fair value of $69.3 million.

Securities in a continuous loss position, in the tables above for June 30, 2013, December 31, 2012 and June 30, 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 at least Aaa by Moody's or 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, 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.