INVESTMENT SECURITIES (In Thousands)

The following table is the schedule of Available-For-Sale Securities at September 30, 2017, December 31, 2016 and September 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
September 30, 2017
Available-For-Sale Securities, at Amortized Cost	$	146,976	$	11,875	$	152,858	$	2,500	$	1,120	$	315,329
Available-For-Sale Securities, at Fair Value	146,978		11,902		152,806		2,299		1,474		315,459
Gross Unrealized Gains	152		27		964		—		354		1,497
Gross Unrealized Losses	150		—		1,016		201		—		1,367
Available-For-Sale Securities, Pledged as Collateral											206,637

Maturities of Debt Securities, at Amortized Cost:
Within One Year	$	—	$	9,068	$	3,649	$	1,500			$	14,217
From 1 - 5 Years	146,976		1,890		114,127		—				262,993
From 5 - 10 Years	—		397		35,082		—				35,479
Over 10 Years	—		520		—		1,000				1,520

Maturities of Debt Securities, at Fair Value:
Within One Year	$	—	$	9,076	$	3,691	$	1,499			$	14,266
From 1 - 5 Years	146,978		1,910		114,202		—				263,090
From 5 - 10 Years	—		396		34,913		—				35,309
Over 10 Years	—		520		—		800				1,320

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	89,563	$	—	$	85,091	$	500	$	—	$	175,154
12 Months or Longer	—		—		—		1,800		—		1,800
Total	$	89,563	$	—	$	85,091	$	2,300	$	—	$	176,954
Number of Securities in a Continuous Loss Position	23		—		31		3		—		57

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	150	$	—	$	1,016	$	—	$	—	$	1,166
12 Months or Longer	—		—		—		201		—		201
Total	$	150	$	—	$	1,016	$	201	$	—	$	1,367

Disaggregated Details:
US Treasury Obligations, at Amortized Cost	$	64,711
US Treasury Obligations, at Fair Value	64,730
US Agency Obligations, at Amortized Cost	82,265
US Agency Obligations, at Fair Value	82,248
US Government Agency Securities, at Amortized Cost					$	503
US Government Agency Securities, at Fair Value					505
Government Sponsored Entity Securities, at Amortized Cost					152,355
Government Sponsored Entity Securities, at Fair Value					152,301



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
September 30, 2016
Available-For-Sale Securities, at Amortized Cost	$	152,511	$	31,562	$	144,598	$	4,500	$	1,120	$	334,291
Available-For-Sale Securities, at Fair Value	153,926		31,628		148,087		4,299		1,250		339,190
Gross Unrealized Gains	1,415		69		3,489		—		130		5,103
Gross Unrealized Losses	—		3		—		201		—		204
Available-For-Sale Securities, Pledged as Collateral											277,832

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	—	$	9,237	$	—	$	1,022	$	—	$	10,259
12 Months or Longer	—		—		—		1,800		—		1,800
Total	$	—	$	9,237	$	—	$	2,822	$	—	$	12,059
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	$	—	$	3	$	—	$	1	$	—	$	4
12 Months or Longer	—		—		—		200		—		200
Total	$	—	$	3	$	—	$	201	$	—	$	204

Disaggregated Details:
US Agency Obligations, at Amortized Cost	$	152,511
US Agency Obligations, at Fair Value	153,926
US Government Agency Securities, at Amortized Cost					$	10,849
US Government Agency Securities, at Fair Value					11,003
Government Sponsored Entity Securities, at Amortized Cost					133,749
Government Sponsored Entity Securities, at Fair Value					137,084

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



Held-To-Maturity Securities
	State and Municipal Obligations		Mortgage- Backed Securities - Residential		Corporate and Other Debt Securities		Total Held-To Maturity Securities
September 30, 2017
Held-To-Maturity Securities, at Amortized Cost	$	277,738	$	63,788	$	—	$	341,526
Held-To-Maturity Securities, at Fair Value	279,384		64,515		—		343,899
Gross Unrealized Gains	2,977		738		—		3,715
Gross Unrealized Losses	1,331		11		—		1,342
Held-To-Maturity Securities, Pledged as Collateral							325,096

Maturities of Debt Securities, at Amortized Cost:
Within One Year	$	39,609	$	—	$	—	$	39,609
From 1 - 5 Years	79,412		54,504		—		133,916
From 5 - 10 Years	154,981		9,284		—		164,265
Over 10 Years	3,736		—		—		3,736

Maturities of Debt Securities, at Fair Value:
Within One Year	$	39,782	$	—	$	—	$	39,782
From 1 - 5 Years	80,944		55,120		—		136,064
From 5 - 10 Years	154,892		9,395		—		164,287
Over 10 Years	3,766		—		—		3,766

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	78,238	$	3,544	$	—	$	81,782
12 Months or Longer	13,331		—		—		13,331
Total	$	91,569	$	3,544	$	—	$	95,113

Number of Securities in a Continuous Loss Position	252		7		—		259

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	1,034	$	11	$	—	$	1,045
12 Months or Longer	297		—		—		297
Total	$	1,331	$	11	$	—	$	1,342

Disaggregated Details:
US Government Agency Securities, at Amortized Cost			$	2,792
US Government Agency Securities, at Fair Value			2,799
Government Sponsored Entity Securities, at Amortized Cost			60,996
Government Sponsored Entity Securities, at Fair Value			61,716



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

September 30, 2016
Held-To-Maturity Securities, at Amortized Cost	$	257,255	$	79,983	$	1,000	$	338,238
Held-To-Maturity Securities, at Fair Value	263,897		82,544		1,000		347,441
Gross Unrealized Gains	6,712		2,561		—		9,273
Gross Unrealized Losses	70		—		—		70
Held-To-Maturity Securities, Pledged as Collateral							320.774

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	11,891	$	—	$	—	$	11,891
12 Months or Longer	1,172		—		—		1,172
Total	$	13,063	$	—	$	—	$	13,063
Number of Securities in a Continuous Loss Position	3		—		—		3

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	68	$	—	$	—	$	68
12 Months or Longer	2		—		—		2
Total	$	70	$	—	$	—	$	70

Held-To-Maturity Securities

State and

Municipal

Obligations

Mortgage-

Backed

Securities -

Residential

Corporate

and Other

Debt

Securities

Total

Held-To

Maturity

Securities

September 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

76,486

Government Sponsored Entity
Securities, at Fair Value

78,922

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 September 30, 2017, December 31, 2016 and September 30, 2016, do not reflect any deterioration of the credit worthiness of the issuing entities. U.S. Government and 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 September 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 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.