Investment Securities (Tables)

12 Months Ended

Dec. 31, 2013

Investment Securities [Abstract]

Summary Of Amortized Cost And Fair Values Of Securities 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 December 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		0		0		0		0
U.S. Government Sponsored Enterprises ("U.S. GSEs")		0		0		0		0
Federal Home Loan Bank ("FHLB") Obligations		0		0		0		0
Residential Real Estate Mortgage-backed Securities ("Agency MBSs")		97,882		2,876		1,487		99,271
Agency Commercial Mortgage Backed Securities ("Agency CMBSs")		18,398		0		760		17,638
Agency Collateralized Mortgage Obligations ("Agency CMOs")		98,162		254		1,207		97,209
Non-agency Collateralized Mortgage Obligations ("Non-agency CMOs")		0		0		0		0
Collateralized Loan Obligations ("CLOs")		37,834		73		0		37,907
Asset Backed Securities ("ABSs")		357		31		0		388
Total Available for Sale	$	252,733	$	3,234	$	3,454	$	252,513

			Gross		Gross
	Amortized		Unrecognized		Unrecognized		Fair
	Cost		Gains		Losses		Value
Held to Maturity:
U.S. Agency Obligations	$	23,580	$	0	$	458	$	23,122
U.S. Government Sponsored Enterprises ("U.S. GSEs")		9,442		0		512		8,930
Federal Home Loan Bank ("FHLB") Obligations		4,684		0		191		4,493
Agency Collateralized Mortgage Obligations		94,105		0		2,426		91,679
Agency MBSs		9,015		25		177		8,863
Total Held to Maturity	$	140,826	$	25	$	3,764	$	137,087

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
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
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 of December 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	$	100	$	0	$	0	$	0	$	100
Agency MBSs		143		4,383		14,989		79,756		99,271
Agency CMBSs		0		0		13,226		4,412		17,638
Agency CMOs		0		0		3,095		94,114		97,209
CLOs		0		0		28,022		9,885		37,907
ABSs		0		0		0		388		388
Total Available for Sale	$	243	$	4,383	$	59,332	$	188,555	$	252,513
Available for Sale (at amortized cost):
U.S. Treasury Obligations	$	100	$	0	$	0	$	0	$	100
Agency MBSs		135		4,123		14,200		79,424		97,882
Agency CMBSs		0		0		13,754		4,644		18,398
Agency CMOs		0		0		3,092		95,070		98,162
CLOs		0		0		27,949		9,885		37,834
ABSs		0		0		0		357		357
Total Available for Sale	$	235	$	4,123	$	58,995	$	189,380	$	252,733

The contractual final maturity distribution of the debt securities classified as held to maturity of December 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
Held to Maturity (at fair value):
U.S. Agency Obligations	$	0	$	0	$	0	$	23,122	$	23,122
U.S. GSEs		0		0		8,930		0		8,930
FHLB Obligations		0		0		4,493		0		4,493
Agency MBSs		7		26		0		8,830		8,863
Agency CMOs		0		0		0		91,679		91,679
Total Held to Maturity	$	7	$	26	$	13,423	$	123,631	$	137,087
Held to Maturity (at amortized cost):
U.S. Agency Obligations	$	0	$	0	$	0	$	23,580	$	23,580
U.S. GSEs		0		0		9,442		0		9,442
FHLB Obligations		0		0		4,684		0		4,684
Agency MBSs		7		25		0		8,983		9,015
Agency CMOs		0		0		0		94,105		94,105
Total Held to Maturity	$	7	$	25	$	14,126	$	126,668	$	140,826

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

(In thousands)	2013		2012		2011
Proceeds	$	53,215	$	129,936	$	131,858
Gross gains		548		811		1,188
Gross losses		(560)		(304)		(139)
Net gains (losses)	$	(12)	$	507	$	1,049

Summary Of Gross Unrealized/Unrecognized 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 December 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
Agency MBSs	$	46,547	$	1,487	$	0	$	0	$	46,547	$	1,487
Agency CMBSs		12,778		578		4,860		182		17,638		760
Agency CMOs		57,904		977		3,557		230		61,461		1,207
Total	$	117,229	$	3,042	$	8,417	$	412	$	125,646	$	3,454

Gross unrecognized losses on investment securities held to maturity 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, 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	$	13,722	$	307	$	9,400	$	151	$	23,122	$	458
U.S. GSEs		8,930		512		0		0		8,930		512
FHLB Obligations		4,493		191		0		0		4,493		191
Agency CMOs		66,203		1,410		25,476		1,016		91,679		2,426
Agency MBSs		8,569		177		0		0		8,569		177
Total	$	101,917	$	2,597	$	34,876	$	1,167	$	136,793	$	3,764

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. Treasury Obligations	$	0	$	0	$	0	$	0	$	0	$	0
U.S. Agency Obligations	$	10,897	$	59	$	0	$	0	$	10,897	$	59
U.S. GSEs		9,882		88		0		0		9,882		88
FHLB Obligations		0		0		0		0		0		0
Agency MBSs		0		0		0		0		0		0
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
ABSs		0		0		0		0		0		0
Total	$	89,382	$	764	$	3,041	$	2	$	92,423	$	766