INVESTMENT SECURITIES (In Thousands)

The following table is the schedule of Available-For-Sale Securities at June 30, 2016, December 31, 2015 and June 30, 2015:



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, 2016
Available-For-Sale Securities, at Amortized Cost	$	155,859	$	36,256	$	157,926	$	5,749	$	1,120	$	356,910
Available-For-Sale Securities, at Fair Value	157,990		36,425		161,728		5,555		1,231		362,929
Gross Unrealized Gains	2,131		169		3,806		6		111		6,223
Gross Unrealized Losses	—		—		4		200		—		204
Available-For-Sale Securities, Pledged as Collateral											267,912

Maturities of Debt Securities, at Amortized Cost:
Within One Year	—		20,424		10,368		3,248				34,040
From 1 - 5 Years	155,859		14,724		137,109		1,501				309,193
From 5 - 10 Years	—		548		10,449		—				10,997
Over 10 Years	—		560		—		1,000				1,560



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
Maturities of Debt Securities, at Fair Value:
Within One Year	$	—	$	20,459	$	10,468	$	3,251			$	34,178
From 1 - 5 Years	157,990		14,858		140,293		1,504				314,645
From 5 - 10 Years	—		548		10,967		—				11,515
Over 10 Years	—		560		—		800				1,360

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	—	$	—	$	710	$	—	$	—	$	710
12 Months or Longer	—		256		—		2,281		—		2,537
Total	$	—	$	256	$	710	$	2,281	$	—	$	3,247
Number of Securities in a Continuous Loss Position	—		1		2		3		—		6

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	—	$	—	$	4	$	—	$	—	$	4
12 Months or Longer	—		—		—		200		—		200
Total	$	—	$	—	$	4	$	200	$	—	$	204

December 31, 2015
Available-For-Sale Securities, at Amortized Cost	$	155,932	$	52,306	$	177,376	$	14,544	$	1,120	$	401,278
Available-For-Sale Securities, at Fair Value	155,782		52,408		178,588		14,299		1,232		402,309
Gross Unrealized Gains	264		105		2,236		—		112		2,717
Gross Unrealized Losses	414		3		1,024		245		—		1,686
Available-For-Sale Securities, Pledged as Collateral											310,857

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	76,802	$	4,289	$	99,569	$	3,616	$	—	$	184,276
12 Months or Longer	—		1,443		903		10,671		—		13,017
Total	$	76,802	$	5,732	$	100,472	$	14,287	$	—	$	197,293
Number of Securities in a Continuous Loss Position	21		19		30		19		—		89

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	413	$	2	$	1,023	$	2	$	—	$	1,440
12 Months or Longer	1		1		1		243		—		246
Total	$	414	$	3	$	1,024	$	245	$	—	$	1,686

June 30, 2015
Available-For-Sale Securities, at Amortized Cost	$	156,248	$	59,230	$	154,501	$	16,910	$	1,120	$	388,009
Available-For-Sale Securities, at Fair Value	156,937		59,303		157,641		16,691		1,245		391,817
Gross Unrealized Gains	788		117		3,350		5		125		4,385
Gross Unrealized Losses	99		43		210		224		—		576
Available-For-Sale Securities, Pledged as Collateral											289,418



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
Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	—	$	—	$	—	$	—	$	—	$	—
12 Months or Longer	35,149		16,401		47,859		10,232		—		109,641
Total	$	35,149	$	16,401	$	47,859	$	10,232	$	—	$	109,641
Number of Securities in a Continuous Loss Position	10		71		1		14		—		96

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	—	$	—	$	—	$	—	$	—	$	—
12 Months or Longer	99		43		210		224		—		576
Total	$	99	$	43	$	210	$	224	$	—	$	576

The following table is the schedule of Held-To-Maturity Securities at June 30, 2016, December 31, 2015 and June 30, 2015:



Held-To-Maturity Securities
	State and Municipal Obligations		Mortgage- Backed Securities - Residential		Corporate and Other Debt Securities		Total Held-To Maturity Securities
June 30, 2016
Held-To-Maturity Securities, at Amortized Cost	$	257,982	$	84,832	$	1,000	$	343,814
Held-To-Maturity Securities, at Fair Value	265,983		87,795		1,000		354,778
Gross Unrealized Gains	8,002		2,963		—		10,965
Gross Unrealized Losses	1		—		—		1
Held-To-Maturity Securities, Pledged as Collateral							327,820

Maturities of Debt Securities, at Amortized Cost:
Within One Year	$	35,656	$	—	$	—	$	35,656
From 1 - 5 Years	86,496		73,022		—		159,518
From 5 - 10 Years	131,644		11,810		—		143,454
Over 10 Years	4,186		—		1,000		5,186

Maturities of Debt Securities, at Fair Value:
Within One Year	$	35,754	$	—	$	—	$	35,754
From 1 - 5 Years	89,653		75,495		—		165,148
From 5 - 10 Years	136,186		12,300		—		148,486
Over 10 Years	4,390		—		1,000		5,390

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	—	$	—	$	—	$	—
12 Months or Longer	659		—		—		659
Total	$	659	$	—	$	—	$	659
Number of Securities in a Continuous Loss Position	3		—		—		3

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



Held-To-Maturity Securities
	State and Municipal Obligations		Mortgage- Backed Securities - Residential		Corporate and Other Debt Securities		Total Held-To Maturity Securities

December 31, 2015
Held-To-Maturity Securities, at Amortized Cost	$	226,053	$	93,558	$	1,000	$	320,611
Held-To-Maturity Securities, at Fair Value	230,621		94,309		1,000		325,930
Gross Unrealized Gains	4,619		868		—		5,487
Gross Unrealized Losses	51		117		—		168
Held-To-Maturity Securities, Pledged as Collateral							299,767

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	2,302	$	6,000	$	—	$	8,302
12 Months or Longer	11,764		4,154		—		15,918
Total	$	14,066	$	10,154	$	—	$	24,220
Number of Securities in a Continuous Loss Position	54		8		—		62

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	11	$	93	$	—	$	104
12 Months or Longer	40		24		—		64
Total	$	51	$	117	$	—	$	168

June 30, 2015
Held-To-Maturity Securities, at Amortized Cost	$	219,878	$	103,238	$	1,000	$	324,116
Held-To-Maturity Securities, at Fair Value	223,031		104,330		1,000		328,361
Gross Unrealized Gains	3,737		1,201		—		4,938
Gross Unrealized Losses	583		109		—		692
Held-To-Maturity Securities, Pledged as Collateral							300,040

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	—	$	—	$	—	$	—
12 Months or Longer	44,748		3,967		—		48,715
Total	$	44,748	$	3,967	$	—	$	48,715
Number of Securities in a Continuous Loss Position	157		1		—		158

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	—	$	—	$	—	$	—
12 Months or Longer	583		109		—		692
Total	$	583	$	109	$	—	$	692

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 above 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, 2016, U.S. agency obligations consisted solely of U.S. Government Agency securities with an amortized cost of $155.9 million and a fair value of $158.0 million. Mortgage-backed securities - residential consisted of U.S. Government Agency securities with an amortized cost of $10.3 million and a fair value of $10.4 million and government sponsored entity (GSE) securities with an amortized cost of $147.6 million and a fair value of $151.3 million. In the held-to-maturity category at June 30, 2016, mortgage-backed securities-residential consisted of U.S Government Agency securities with an amortized cost of $3.5 million and a fair value of $3.6 million and GSE securities with an amortized cost of $81.3 million and a fair value of $84.2 million.

In the available-for-sale category at December 31, 2015, U.S. agency obligations consisted solely of U.S. Government Agency securities with an amortized cost of $155.9 million and a fair value of $155.8 million. Mortgage-backed securities - residential consisted of U.S. Government Agency securities with an amortized cost of $15.7 million and a fair value of $15.8 million and GSE securities with an amortized cost of $161.7 million and a fair value of $162.7 million. In the held-to-maturity category at December 31, 2015, mortgage-backed securities-residential consisted of U.S. Government Agency securities with an amortized cost of $3.8 million and a fair value of $3.9 million and GSE securities with an amortized cost of $89.8 million and a fair value of $90.5 million.

In the available-for-sale category at June 30, 2015, U.S. agency obligations consisted solely of U.S. Government Agency securities with an amortized cost of $156.2 million and a fair value of $156.9 million. Mortgage-backed securities - residential consisted of US Government Agency securities with an amortized cost of $30.8 million and a fair value of $31.7 million and GSE securities with an amortized cost of $123.7 million and a fair value of $126.0 million. In the held-to-maturity category at June 30, 2015, mortgage-backed securities-residential consisted of U.S. Government Agency securities with an amortized cost of $28.8 million and a fair value of $29.0 million and GSE securities with an amortized cost of $74.5 million and a fair value of $75.4 million.

Securities in a continuous loss position, in the tables above for June 30, 2016, December 31, 2015 and June 30, 2015, 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 reflects satisfactory credit worthiness of the municipalities. Corporate and other debt securities continue to be rated above investment grade according to Moody's and Standard and Poor's. Subsequent to June 30, 2016, and through the date of filing this report, 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.