INVESTMENT SECURITIES (In Thousands)

The following table is the schedule of Available-For-Sale Securities at March 31, 2017, December 31, 2016 and March 31, 2016:



Available-For-Sale Securities
	U.S. Government & 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, 2017
Available-For-Sale Securities, at Amortized Cost	$	147,012	$	25,467	$	170,601	$	3,501	$	1,120	$	347,701
Available-For-Sale Securities, at Fair Value	147,231		25,507		169,728		3,298		1,395		347,159
Gross Unrealized Gains	270		40		934		—		275		1,519
Gross Unrealized Losses	52		—		1,806		203		—		2,061
Available-For-Sale Securities, Pledged as Collateral											295,797

Maturities of Debt Securities, at Amortized Cost:
Within One Year	$	—	$	15,395	$	4,226	$	2,501	$	—	$	22,122
From 1 - 5 Years	147,012		9,071		112,712		—		—		268,795
From 5 - 10 Years	—		442		53,662		—		—		54,104
Over 10 Years	—		560		—		1,000		—		1,560

Maturities of Debt Securities, at Fair Value:
Within One Year	$	—	$	15,398	$	4,287	$	2,498	$	—	$	22,183
From 1 - 5 Years	147,231		9,108		112,296		—		—		268,635
From 5 - 10 Years	—		441		53,145		—		—		53,586
Over 10 Years	—		560		—		800		—		1,360

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	42,937	$	828	$	127,931	$	2,498	$	—	$	174,194
12 Months or Longer	—		—		—		800		—		800
Total	$	42,937	$	828	$	127,931	$	3,298	$	—	$	174,994
Number of Securities in a Continuous Loss Position	11		5		41		4		—		61

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	52	$	—	$	1,806	$	3	$	—	$	1,861
12 Months or Longer	—		—		—		200		—		200
Total	$	52	$	—	$	1,806	$	203	$	—	$	2,061

Disaggregated Details:
US Treasury Obligations, at Amortized Cost	$	54,649
US Treasury Obligations, at Fair Value	54,695
US Agency Obligations, at Amortized Cost	92,363
US Agency Obligations, at Fair Value	92,536
US Government Agency Securities, at Amortized Cost					$	1,616
US Government Agency Securities, at Fair Value					1,625
Government Sponsored Entity Securities, at Amortized Cost					168,985
Government Sponsored Entity Securities, at Fair Value					168,103



Available-For-Sale Securities
	U.S. Government & 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, 2016
Available-For-Sale Securities, at Amortized Cost	$	147,110	$	27,684	$	168,189	$	3,512	$	1,120	$	347,615
Available-For-Sale Securities, at Fair Value	147,377		27,690		167,239		3,308		1,382		346,996
Gross Unrealized Gains	304		24		986		—		262		1,576
Gross Unrealized Losses	37		18		1,936		204		—		2,195
Available-For-Sale Securities, Pledged as Collateral, at Fair Value											262,852

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	70,605	$	12,165	$	126,825	$	500	$	—	$	210,095
12 Months or Longer	—		7,377		—		2,809		—		10,186
Total	$	70,605	$	19,542	$	126,825	$	3,309	$	—	$	220,281
Number of Securities in a Continuous Loss Position	19		84		40		4		—		147

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	37	$	13	$	1,936	$	1	$	—	$	1,987
12 Months or Longer	—		5		—		203		—		208
Total	$	37	$	18	$	1,936	$	204	$	—	$	2,195

Disaggregated Details:
US Treasury Obligations, at Amortized Cost	$	54,701
US Treasury Obligations, at Fair Value	54,706
US Agency Obligations, at Amortized Cost	92,409
US Agency Obligations, at Fair Value	92,671
US Government Agency Securities, at Amortized Cost					$	3,694
US Government Agency Securities, at Fair Value					3,724
Government Sponsored Entity Securities, at Amortized Cost					164,495
Government Sponsored Entity Securities, at Fair Value					163,515



Available-For-Sale Securities
	U.S. Government & 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, 2016
Available-For-Sale Securities, at Amortized Cost	$	155,896	$	49,382	$	164,905	$	11,903	$	1,120	$	383,206
Available-For-Sale Securities, at Fair Value	157,646		49,543		168,110		11,715		1,233		388,247
Gross Unrealized Gains	1,750		161		3,224		15		113		5,263
Gross Unrealized Losses	—		—		19		203		—		222
Available-For-Sale Securities, Pledged as Collateral											328,123

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	—	$	1,766	$	10,603	$	—	$	—	$	12,369
12 Months or Longer	—		—		—		1,797		—		1,797
Total	$	—	$	1,766	$	10,603	$	1,797	$	—	$	14,166
Number of Securities in a Continuous Loss Position	—		2		9		1		—		12

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	—	$	—	$	19	$	—	$	—	$	19
12 Months or Longer	—		—		—		203		—		203
Total	$	—	$	—	$	19	$	203	$	—	$	222

Disaggregated Details:
US Agency Obligations, at Amortized Cost	$	155,896
US Agency Obligations, at Fair Value	157,646
US Government Agency Securities, at Amortized Cost					$	13,148
US Government Agency Securities, at Fair Value					13,274
Government Sponsored Entity Securities, at Amortized Cost					151,757
Government Sponsored Entity Securities, at Fair Value					154,836

The following table is the schedule of Held-To-Maturity Securities at March 31, 2017, December 31, 2016 and March 31, 2016:



Held-To-Maturity Securities
	State and Municipal Obligations		Mortgage- Backed Securities - Residential		Corporate and Other Debt Securities		Total Held-To Maturity Securities
March 31, 2017
Held-To-Maturity Securities, at Amortized Cost	$	263,642	$	71,569	$	—	$	335,211
Held-To-Maturity Securities, at Fair Value	263,255		71,850		—		335,105
Gross Unrealized Gains	2,410		298		—		2,708
Gross Unrealized Losses	2,796		17		—		2,813
Held-To-Maturity Securities, Pledged as Collateral							316,966

Maturities of Debt Securities, at Amortized Cost:
Within One Year	$	29,743	$	—	$	—	$	29,743
From 1 - 5 Years	85,621		64,421		—		150,042
From 5 - 10 Years	144,519		7,148		—		151,667
Over 10 Years	3,758		—		—		3,758

Maturities of Debt Securities, at Fair Value:
Within One Year	$	29,788	$	—	$	—	$	29,788
From 1 - 5 Years	87,239		64,647		—		151,886
From 5 - 10 Years	142,472		7,203		—		149,675
Over 10 Years	3,756		—		—		3,756

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	95,450	$	7,682	$	—	$	103,132
12 Months or Longer	657		—		—		657
Total	$	96,107	$	7,682	$	—	$	103,789

Number of Securities in a Continuous Loss Position	251		8		—		259

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	2,793	$	17	$	—	$	2,810
12 Months or Longer	3		—		—		3
Total	$	2,796	$	17	$	—	$	2,813

Disaggregated Details:
US Government Agency Securities, at Amortized Cost			$	3,106
US Government Agency Securities, at Fair Value			3,121
Government Sponsored Entity Securities, at Amortized Cost			68,463
Government Sponsored Entity Securities, at Fair Value			68,729



Held-To-Maturity Securities
	State and Municipal Obligations		Mortgage- Backed Securities - Residential		Corporate and Other Debt Securities		Total Held-To Maturity Securities
December 31, 2016
Held-To-Maturity Securities, at Amortized Cost	$	268,892	$	75,535	$	1,000	$	345,427
Held-To-Maturity Securities, at Fair Value	267,127		75,624		1,000		343,751
Gross Unrealized Gains	2,058		258		—		2,316
Gross Unrealized Losses	3,823		169		—		3,992
Held-To-Maturity Securities, Pledged as Collateral							321,202

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	107,255	$	13,306	$	—	$	120,561
12 Months or Longer	12,363		—		—		12,363
Total	$	119,618	$	13,306	$	—	$	132,924
Number of Securities in a Continuous Loss Position	347		13		—		360

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	3,129	$	169	$	—	$	3,298
12 Months or Longer	694		—		—		694
Total	$	3,823	$	169	$	—	$	3,992

Disaggregated Details:
US Government Agency Securities, at Amortized Cost			$	3,206
US Government Agency Securities, at Fair Value			3,222
Government Sponsored Entity Securities, at Amortized Cost			72,329
Government Sponsored Entity Securities, at Fair Value			72,402

March 31, 2016
Held-To-Maturity Securities, at Amortized Cost	$	224,831	$	89,453	$	1,000	$	315,284
Held-To-Maturity Securities, at Fair Value	231,598		91,739		1,000		324,337
Gross Unrealized Gains	6,769		2,292		—		9,061
Gross Unrealized Losses	2		6		—		8
Held-To-Maturity Securities, Pledged as Collateral							299,767

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	648	$	3,645	$	—	$	4,293
12 Months or Longer	658		—		—		658
Total	$	1,306	$	3,645	$	—	$	4,951
Number of Securities in a Continuous Loss Position	7		1		—		8

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	—	$	6	$	—	$	6
12 Months or Longer	2		—		—		2
Total	$	2	$	6	$	—	$	8

Held-To-Maturity Securities

State and

Municipal

Obligations

Mortgage-

Backed

Securities -

Residential

Corporate

and Other

Debt

Securities

Total

Held-To

Maturity

Securities

March 31, 2016

Disaggregated Details:

US Government Agency

Securities, at Amortized Cost

3,674

US Government Agency

Securities, at Fair Value

3,794

Government Sponsored Entity

Securities, at Amortized Cost

85,779

Government Sponsored Entity
Securities, at Fair Value

87,945

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.

Securities in a continuous loss position, in the tables above for March 31, 2017, December 31, 2016 and March 31, 2016, 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 March 31, 2017, 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.