Investment Securities (Tables)

9 Months Ended

Sep. 30, 2015

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 September 30, 2015 are as follows:

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(In thousands)	Cost		Gains		Losses		Value
Available for Sale:
U.S. Treasury Obligations	$	25,060	$	284	$	—	$	25,344
U.S. Government Sponsored Enterprises ("U.S. GSEs")		16,947		153		—		17,100
Federal Home Loan Bank ("FHLB") Obligations		46,160		484		—		46,644
Residential Real Estate Mortgage-backed Securities ("Agency MBSs")		101,396		2,371		66		103,701
Agency Commercial Mortgage Backed Securities ("Agency CMBSs")		25,432		104		16		25,520
Agency Collateralized Mortgage Obligations ("Agency CMOs")		63,014		460		70		63,404
Asset Backed Securities ("ABSs")		333		37		—		370
Total Available for Sale	$	278,342	$	3,893	$	152	$	282,083

			Gross		Gross
	Amortized		Unrecognized		Unrecognized		Fair
	Cost		Gains		Losses		Value
Held to Maturity:
U.S. Agency Obligations	$	20,332	$	693	$	—	$	21,025
U.S. GSEs		9,541		288		—		9,829
FHLB Obligations		4,748		182		—		4,930
Agency CMOs		82,038		714		168		82,584
Agency MBSs		7,270		237		—		7,507
Total Held to Maturity	$	123,929	$	2,114	$	168	$	125,875

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
Agency MBSs		92,827		2,680		100		95,407
Agency CMBSs		22,056		20		372		21,704
Agency CMOs		60,880		241		239		60,882
ABSs		351		36		—		387
Total Available for Sale	$	201,162	$	3,034	$	723	$	203,473

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
Held to Maturity:
U.S. Agency Obligations (SBA's only)	$	22,072	$	597	$	—	$	22,669
U.S. GSEs		9,498		59		—		9,557
FHLB Obligations		4,720		100		—		4,820
Agency CMOs		94,022		280		519		93,783
Agency MBSs		8,109		233		—		8,342
Total Held to Maturity	$	138,421	$	1,269	$	519	$	139,171

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 as of September 30, 2015, 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	$	—	$	25,344	$	—	$	—	$	25,344
U.S. GSEs		—		11,080		6,020		—		17,100
FHLB Obligations		—		30,054		16,590		—		46,644
Agency MBSs		50		3,506		33,916		66,229		103,701
Agency CMBSs		479		13,294		7,656		4,091		25,520
Agency CMOs		—		—		1,788		61,616		63,404
ABSs		—		—		—		370		370
Total Available for Sale	$	529	$	83,278	$	65,970	$	132,306	$	282,083
Available for Sale (at amortized cost):
U.S. Treasury Obligations	$	—	$	25,060	$	—	$	—	$	25,060
U.S. GSEs		—		10,951		5,996		—		16,947
FHLB Obligations		—		29,810		16,350		—		46,160
Agency MBSs		50		3,421		33,343		64,582		101,396
Agency CMBSs		476		13,296		7,577		4,083		25,432
Agency CMOs		—		—		1,778		61,236		63,014
ABSs		—		—		—		333		333
Total Available for Sale	$	526	$	82,538	$	65,044	$	130,234	$	278,342

The contractual final maturity distribution of the debt securities classified as held to maturity as of September 30, 2015, 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	$	—	$	—	$	—	$	21,025	$	21,025
U.S. GSEs		—		—		9,829		—		9,829
FHLB Obligations		—		—		4,930		—		4,930
Agency CMOs		—		—		—		82,584		82,584
Agency MBSs		4		—		99		7,404		7,507
Total Held to Maturity	$	4	$	—	$	14,858	$	111,013	$	125,875
Held to Maturity (at amortized cost):
U.S. Agency Obligations	$	—	$	—	$	—	$	20,332	$	20,332
U.S. GSEs		—		—		9,541		—		9,541
FHLB Obligations		—		—		4,748		—		4,748
Agency CMOs		—		—		—		82,038		82,038
Agency MBSs		4		—		86		7,180		7,270
Total Held to Maturity	$	4	$	—	$	14,375	$	109,550	$	123,929

Summary of Proceeds, Gross Gains and Gross Losses

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In thousands)	2015		2014		2015		2014
Proceeds	$	—	$	11,674	$	—	$	56,889
Gross gains		—		—		—		302
Gross losses		—		(37)		—		(196)
Net gains (losses)	$	—	$	(37)	$	—	$	106

Summary Of Gross Unrealized Losses On Investment Securities

Gross unrealized losses on investment securities 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 September 30, 2015 were as follows:

	Less Than 12 Months				12 Months or More				Total
	Fair				Fair				Fair
(In thousands)	Value		Loss		Value		Loss		Value		Loss
Available for Sale:
U.S. Treasury Obligations	$	—	$	—	$	—	$	—	$	—	$	—
U.S. GSEs		—		—		—		—		—		—
FHLB Obligations		—		—		—		—		—		—
Agency MBSs		15,843		66		—		—		15,843		66
Agency CMBSs		—		—		4,839		16		4,839		16
Agency CMOs		7,138		20		6,532		50		13,670		70
ABSs		—		—		—		—		—		—
Total Available for Sale	$	22,981	$	86	$	11,371	$	66	$	34,352	$	152
Held to Maturity:
U.S. Agency Obligations		—	$	—	$	—	$	—	$	—	$	—
U.S. GSEs		—		—		—		—		—		—
FHLB Obligations	$	—		—		—		—		—		—
Agency CMOs		7,342		113		5,673		55		13,015		168
Agency MBSs		—		—		—		—		—		—
Total Held to Maturity	$	7,342	$	113	$	5,673	$	55	$	13,015	$	168

Gross unrealized losses on investment securities 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 over our entire holding period, at December 31, 2014, were as follows:

		Less Than 12 Months			12 Months or More					Total
		Fair				Fair				Fair
(In thousands)		Value		Loss		Value		Loss		Value		Loss
Available for Sale:
U.S. Treasury Obligations	$	5,080	$	12	$	—	$	—	$	5,080	$	12
Agency MBSs		7,893		23		10,763		77		18,656		100
Agency CMBSs		—		—		17,478		372		17,478		372
Agency CMOs		11,384		49		10,962		190		22,346		239
ABSs		—		—		—		—		—		—
Total Available for Sale	$	24,357	$	84	$	39,203	$	639	$	63,560	$	723
Held to Maturity:
U.S. Agency Obligations	$	—	$	—	$	—	$	—	$	—	$	—
U.S. GSEs		—		—		—		—		—		—
FHLB Obligations		—		—		—		—		—		—
Agency CMOs		14,338		108		43,911		411		58,249		519
Agency MBSs		—		—		—		—		—		—
Total Held to Maturity	$	14,338	$	108	$	43,911	$	411	$	58,249	$	519