Investment Securities (Tables)

3 Months Ended

Mar. 31, 2013

Investment Securities [Abstract]

Summary Of Amortized Cost And Fair Values Of Securitiies Classified As Available For Sale And Held To Maturity

The amortized cost and fair values of the securities classified as available for sale and held to maturity as of March 31, 2013 are as follows:

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(In thousands)	Cost		Gains		Losses		Value
Available for Sale:
U.S. Treasury Obligations	$	100	$	0	$	0	$	100
U.S. Agency Obligations		25,959		25		173		25,811
U.S. Government Sponsored Enterprises ("U.S. GSEs")		46,144		609		164		46,589
Federal Home Loan Bank ("FHLB") Obligations		22,528		19		106		22,441
Residential Real Estate Mortgage-backed Securities ("Agency MBSs")		130,551		5,313		11		135,853
Agency Commercial Mortgage Backed Securities ("Agency CMBSs")		18,764		13		87		18,690
Agency Collateralized Mortgage Obligations ("Agency CMOs")		225,112		2,498		640		226,970
Non-agency Collateralized Mortgage Obligations ("Non-agency CMOs")		4,346		29		0		4,375
Collateralized Loan Obligations ("CLOs")		26,799		0		49		26,750
Asset Backed Securities ("ABSs")		357		58		0		415
Total Available for Sale	$	500,660	$	8,564	$	1,230	$	507,994
Held to Maturity:
Agency MBSs	$	366	$	37	$	0	$	403
Total Held to Maturity	$	366	$	37	$	0	$	403

The amortized cost and fair values of the securities classified as available for sale and held to maturity as of December 31, 2012 are as follows:

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(In thousands)	Cost		Gains		Losses		Value
Available for Sale:
U.S. Treasury Obligations	$	100	$	0	$	0	$	100
U.S. Agency Obligations		10,956		0		59		10,897
U.S. GSEs		58,731		723		88		59,366
FHLB Obligations		24,546		39		0		24,585
Agency MBSs		142,441		6,326		0		148,767
Agency CMBSs		5,087		0		58		5,029
Agency CMOs		227,815		2,922		338		230,399
Non-agency CMOs		4,589		6		2		4,593
CLOs		24,748		0		221		24,527
ABSs		357		61		0		418
Total Available for Sale	$	499,370	$	10,077	$	766	$	508,681
Held to Maturity:
Agency MBSs	$	407	$	47	$	0	$	454
Total Held to Maturity	$	407	$	47	$	0	$	454

Summary Of Contractual Maturity Distribution Of Debt Securities Classified As Available For Sale And Held To Maturity

The contractual final maturity distribution of the debt securities classified as available for sale and held to maturity as of March 31, 2013, are as follows:

			After One		After Five
	Within		But Within		But Within		After Ten
(In thousands)	One Year		Five Years		Ten Years		Years		Total
Available for Sale (at fair value):
U.S. Treasury Obligations	$	0	$	100	$	0	$	0	$	100
U.S. Agency Obligations		0		0		0		25,811		25,811
U.S. GSEs		0		2,512		44,077		0		46,589
FHLB Obligations		0		0		22,441		0		22,441
Agency MBSs		151		4,614		19,321		111,767		135,853
Agency CMBSs		0		0		13,829		4,861		18,690
Agency CMOs		0		0		3,877		223,093		226,970
Non-agency CMOs		0		0		0		4,375		4,375
CLOs		0		0		26,750		0		26,750
ABSs		0		0		0		415		415
Total Available for Sale	$	151	$	7,226	$	130,295	$	370,322	$	507,994
Held to Maturity (at amortized cost):
Agency MBSs	$	6	$	63	$	0	$	297	$	366
Total Held to Maturity	$	6	$	63	$	0	$	297	$	366

The contractual final maturity distribution of the debt securities classified as available for sale and held to maturity as of December 31, 2012, are as follows:

			After One		After Five
	Within		But Within		But Within		After Ten
(In thousands)	One Year		Five Years		Ten Years		Years		Total
Available for Sale (at fair value):
U.S. Treasury Obligations	$	0	$	100	$	0	$	0	$	100
U.S. Agency Obligations		0		0		0		10,897		10,897
U.S. GSEs		0		10,025		49,341		0		59,366
FHLB Obligations		0		0		24,585		0		24,585
Agency MBSs		316		3,387		22,854		122,210		148,767
Agency CMBSs		0		0		5,029		0		5,029
Agency CMOs		0		0		4,139		226,260		230,399
Non-agency CMOs		0		0		0		4,593		4,593
CLOs		0		0		24,527		0		24,527
ABSs		0		0		0		418		418
Total Available for Sale	$	316	$	13,512	$	130,475	$	364,378	$	508,681
Held to Maturity (at amortized cost):
Agency MBSs	$	11	$	73	$	0	$	323	$	407
Total Held to Maturity	$	11	$	73	$	0	$	323	$	407

Summary of Proceeds, Gross Gains and Gross Losses on Available for Sale Securities

(In thousands)	2013		2012
Proceeds	$	0	$	14,630
Gross gains		0		122
Gross losses		0		(46)
Net gains	$	0	$	76

Summary Of Gross Unrealized Losses On Investment Securities Available For Sale

Gross unrealized losses on investment securities available for sale and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in continuous unrealized loss position, at March 31, 2013, were as follows:

	Less Than 12 Months				12 Months or More				Total
(In thousands)	Fair Value		Loss		Fair Value		Loss			Fair Value	Loss
U.S. Agency Obligations	$	20,751	$	173	$	0	$	0	$	20,751	$	173
U.S. GSEs		14,788		164		0		0		14,788		164
FHLB Obligations		19,894		106		0		0		19,894		106
Agency MBSs		4,943		11		0		0		4,943		11
Agency CMBSs		9,875		87		0		0		9,875		87
Agency CMOs		69,028		640		0		0		69,028		640
CLOs		24,750		49		0		0		24,750		49
	$	164,029	$	1,230	$	0	$	0	$	164,029	$	1,230

Gross unrealized losses on investment securities available for sale and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in continuous unrealized loss position, at December 31, 2012, were as follows:

	Less Than 12 Months				12 Months or More				Total
(In thousands)	Fair Value		Loss		Fair Value		Loss		Fair Value		Loss
U.S. Agency Obligations	$	10,897	$	59	$	0	$	0	$	10,897	$	59
U.S. GSEs		9,882		88		0		0		9,882		88
Agency CMBSs		5,029		58		0		0		5,029		58
Agency CMOs		39,047		338		0		0		39,047		338
Non-agency CMOs		0		0		3,041		2		3,041		2
CLOs		24,527		221		0		0		24,527		221
	$	89,382	$	764	$	3,041	$	2	$	92,423	$	766