INVESTMENT SECURITIES (In Thousands)

The following table is the schedule of Available-For-Sale Securities at June 30, 2017, December 31, 2016 and June 30, 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
June 30, 2017
Available-For-Sale Securities, at Amortized Cost	$	146,914	$	15,410	$	161,324	$	2,500	$	1,120	$	327,268
Available-For-Sale Securities, at Fair Value	147,085		15,441		161,077		2,299		1,490		327,392
Gross Unrealized Gains	252		31		964		—		370		1,617
Gross Unrealized Losses	81		—		1,211		201		—		1,493
Available-For-Sale Securities, Pledged as Collateral											267,912

Maturities of Debt Securities, at Amortized Cost:
Within One Year	$	—	$	5,482	$	3,842	$	1,500	$	—	$	10,824
From 1 - 5 Years	146,914		8,966		105,663		—		—		261,543
From 5 - 10 Years	—		442		51,819		—		—		52,261
Over 10 Years	—		520		—		1,000		—		1,520

Maturities of Debt Securities, at Fair Value:
Within One Year	$	—	$	5,483	$	3,893	$	1,499	$	—	$	10,875
From 1 - 5 Years	147,085		8,996		105,638		—		—		261,719
From 5 - 10 Years	—		442		51,546		—		—		51,988
Over 10 Years	—		520		—		800		—		1,320

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	49,176	$	543	$	97,870	$	1,499	$	—	$	149,088
12 Months or Longer	—		—		—		800		—		800
Total	$	49,176	$	543	$	97,870	$	2,299	$	—	$	149,888
Number of Securities in a Continuous Loss Position	13		2		34		3		—		52

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	81	$	—	$	1,211	$	1	$	—	$	1,293
12 Months or Longer	—		—		—		200		—		200
Total	$	81	$	—	$	1,211	$	201	$	—	$	1,493

Disaggregated Details:
US Treasury Obligations, at Amortized Cost	$	54,597
US Treasury Obligations, at Fair Value	54,676
US Agency Obligations, at Amortized Cost	92,317
US Agency Obligations, at Fair Value	92,409
US Government Agency Securities, at Amortized Cost					$	3,740
US Government Agency Securities, at Fair Value					3,756
Government Sponsored Entity Securities, at Amortized Cost					157,584
Government Sponsored Entity Securities, at Fair Value					157,321



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
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

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

Disaggregated Details:
US Agency Obligations, at Amortized Cost	$	155,859
US Agency Obligations, at Fair Value	157,990
US Government Agency Securities, at Amortized Cost					$	10,318
US Government Agency Securities, at Fair Value					10,401
Government Sponsored Entity Securities, at Amortized Cost					147,608
Government Sponsored Entity Securities, at Fair Value					151,327

The following table is the schedule of Held-To-Maturity Securities at June 30, 2017, December 31, 2016 and June 30, 2016:



Held-To-Maturity Securities
	State and Municipal Obligations		Mortgage- Backed Securities - Residential		Corporate and Other Debt Securities		Total Held-To Maturity Securities
June 30, 2017
Held-To-Maturity Securities, at Amortized Cost	$	280,485	$	67,533	$	—	$	348,018
Held-To-Maturity Securities, at Fair Value	282,157		68,198		—		350,355
Gross Unrealized Gains	3,208		677		—		3,885
Gross Unrealized Losses	1,536		12		—		1,548
Held-To-Maturity Securities, Pledged as Collateral							327,820

Maturities of Debt Securities, at Amortized Cost:
Within One Year	$	13,986	$	—	$	—	$	13,986
From 1 - 5 Years	91,072		61,506		—		152,578
From 5 - 10 Years	164,161		6,027		—		170,188
Over 10 Years	11,266		—		—		11,266

Maturities of Debt Securities, at Fair Value:
Within One Year	$	14,006	$	—	$	—	$	14,006
From 1 - 5 Years	92,549		62,078		—		154,627
From 5 - 10 Years	164,399		6,120		—		170,519
Over 10 Years	11,203		—		—		11,203

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	93,046	$	4,338	$	—	$	97,384
12 Months or Longer	403		—		—		403
Total	$	93,449	$	4,338	$	—	$	97,787

Number of Securities in a Continuous Loss Position	263		9		—		272

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	1,534	$	12	$	—	$	1,546
12 Months or Longer	2		—		—		2
Total	$	1,536	$	12	$	—	$	1,548

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			64,427
Government Sponsored Entity Securities, at Fair Value			65,077



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

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

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

June 30, 2016

Disaggregated Details:

US Government Agency

Securities, at Amortized Cost

3,497

US Government Agency

Securities, at Fair Value

3,622

Government Sponsored Entity

Securities, at Amortized Cost

81,335

Government Sponsored Entity
Securities, at Fair Value

84,173

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 June 30, 2017, December 31, 2016 and June 30, 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 June 30, 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.