Investment Securities (Tables)

12 Months Ended

Dec. 31, 2014

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, 2014 are as follows:

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(In thousands)	Cost		Gains		Losses		Value
Available for Sale:
U.S. Treasury Obligations	$	25,048	$	57	$	12	$	25,093
Residential Real Estate Mortgage-backed Securities ("Agency MBSs")		92,827		2,680		100		95,407
Agency Commercial Mortgage Backed Securities ("Agency CMBSs")		22,056		20		372		21,704
Agency Collateralized Mortgage Obligations ("Agency CMOs")		60,880		241		239		60,882
Asset Backed Securities ("ABSs")		351		36		0		387
Total Available for Sale	$	201,162	$	3,034	$	723	$	203,473
			Gross		Gross
	Amortized		Unrecognized		Unrecognized		Fair
	Cost		Gains		Losses		Value
Held to Maturity:
U.S. Agency Obligations	$	22,072	$	597	$	0	$	22,669
U.S. Government Sponsored Enterprises ("U.S. GSEs")		9,498		59		0		9,557
Federal Home Loan Bank ("FHLB") Obligations		4,720		100		0		4,820
Agency CMOs		94,022		280		519		93,783
Agency MBSs		8,109		233		0		8,342
Total Held to Maturity	$	138,421	$	1,269	$	519	$	139,171

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
Agency MBSs		97,882		2,876		1,487		99,271
Agency CMBSs		18,398		0		760		17,638
Agency CMOs		98,162		254		1,207		97,209
Collateralized Loan Obligations ("CLOs")		37,834		73		0		37,907
ABSs		357		31		0		388
Total Available for Sale	$	252,733	$	3,234	$	3,454	$	252,513
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
Held to Maturity:
U.S. Agency Obligations (SBA's only)	$	23,580	$	0	$	458	$	23,122
U.S. GSEs		9,442		0		512		8,930
FHLB Obligations		4,684		0		191		4,493
Agency CMOs		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

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, 2014, 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	$	25,093	$	0	$	0	$	25,093
Agency MBSs		32		2,674		21,265		71,436		95,407
Agency CMBSs		0		13,831		3,668		4,205		21,704
Agency CMOs		0		0		2,301		58,581		60,882
ABSs		0		0		0		387		387
Total Available for Sale	$	32	$	41,598	$	27,234	$	134,609	$	203,473
Available for Sale (at amortized cost):
U.S. Treasury Obligations	$	0	$	25,048	$	0	$	0	$	25,048
Agency MBSs		31		2,538		20,514		69,744		92,827
Agency CMBSs		0		13,989		3,740		4,327		22,056
Agency CMOs		0		0		2,292		58,588		60,880
ABSs		0		0		0		351		351
Total Available for Sale	$	31	$	41,575	$	26,546	$	133,010	$	201,162

The contractual final maturity distribution of the debt securities classified as held to maturity of December 31, 2014, 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	$	22,669	$	22,669
U.S. GSEs		0		0		9,557		0		9,557
FHLB Obligations		0		0		4,820		0		4,820
Agency CMOs		0		0		0		93,783		93,783
Agency MBSs		0		13		111		8,218		8,342
Total Held to Maturity	$	0	$	13	$	14,488	$	124,670	$	139,171
Held to Maturity (at amortized cost):
U.S. Agency Obligations	$	0	$	0	$	0	$	22,072	$	22,072
U.S. GSEs		0		0		9,498		0		9,498
FHLB Obligations		0		0		4,720		0		4,720
Agency CMOs		0		0		0		94,022		94,022
Agency MBSs		0		13		98		7,998		8,109
Total Held to Maturity	$	0	$	13	$	14,316	$	124,092	$	138,421

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

(In thousands)	2014		2013		2012
Proceeds	$	56,889	$	53,215	$	129,936
Gross gains		303		548		811
Gross losses		(196)		(560)		(304)
Net gains (losses)	$	107	$	(12)	$	507

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, 2014, 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	$	5,080	$	12	$	0	$	0	$	5,080	$	12
Agency MBSs		7,893		23	$	10,763		77		18,656		100
Agency CMBSs		0		0		17,478		372		17,478		372
Agency CMOs		11,384		49		10,962		190		22,346		239
Total	$	24,357	$	84	$	39,203	$	639	$	63,560	$	723

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, 2014, were as follows:

	Less Than 12 Months				12 Months or More				Total
(In thousands)	Fair Value		Loss		Fair Value		Loss			Fair Value	Loss
Agency CMOs		14,338		108	411	43,911	519	411		58,249		519
Agency MBSs		0		0	0	0	0	0		0		0
Total	$	14,338	$	108	$	43,911	$	411	$	58,249	$	519

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
Available for Sale
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
	Less Than 12 Months				12 Months or More				Total
(In thousands)	Fair Value		Loss		Fair Value		Loss		Fair Value		Loss
Held to Maturity
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