INVESTMENT SECURITIES (Tables)

6 Months Ended

Jun. 30, 2013

INVESTMENT SECURITIES

Gross Amortized Cost and Fair Value of Securities Available for Sale and Related Gross Unrealized Gains and Losses Recognized in Accumulated Other Comprehensive Income (Loss)

	Gross		Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
June 30, 2013 (in thousands)	Cost		Gains		Losses			Value
U.S. Treasury securities and U.S. Government agencies	$	45,180	$	451	$	(115	)	$	45,516
Private label mortgage backed security	5,216		425		—			5,641
Mortgage backed securities - residential	144,733		5,331		(9		)	150,055
Collateralized mortgage obligations	204,093		1,678		(1,623		)	204,148
Corporate bonds	15,017		—		(46		)	14,971
Total securities available for sale	$	414,239	$	7,885	$	(1,793	)	$	420,331

	Gross		Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
December 31, 2012 (in thousands)	Cost		Gains		Losses			Value
U.S. Treasury securities and U.S. Government agencies	$	38,931	$	547	$	(6	)	$	39,472
Private label mortgage backed security	5,684		3		—			5,687
Mortgage backed securities - residential	190,569		6,641		—			197,210
Collateralized mortgage obligations	194,427		1,580		(130		)	195,877
Total securities available for sale	$	429,611	$	8,771	$	(136	)	$	438,246

Carrying Value, Gross Unrecognized Gains and Losses, and Fair Value of Securities to be Held to Maturity

			Gross		Gross
	Carrying		Unrecognized		Unrecognized			Fair
June 30, 2013 (in thousands)	Value		Gains		Losses			Value
U.S. Treasury securities and U.S. Government agencies	$	2,348	$	6	$	(17	)	$	2,337
Mortgage backed securities - residential	524		43		—			567
Collateralized mortgage obligations	47,297		634		(23		)	47,908
Corporate bonds	5,000		—		(108		)	4,892
Total securities to be held to maturity	$	55,169	$	683	$	(148	)	$	55,704

			Gross		Gross
	Carrying		Unrecognized		Unrecognized		Fair
December 31, 2012 (in thousands)	Value		Gains		Losses		Value
U.S. Treasury securities and U.S. Government agencies	$	4,388	$	27	$	—	$	4,415
Mortgage backed securities - residential	827		63		—		890
Collateralized mortgage obligations	40,795		316		—		41,111
Total securities to be held to maturity	$	46,010	$	406	$	—	$	46,416

Amortized Cost and Fair Value of Investment Securities Portfolio by Contractual Maturity

	Securities				Securities
	available for sale				held to maturity
	Amortized		Fair		Carrying		Fair
June 30, 2013 (in thousands)	Cost		Value		Value		Value
Due in one year or less	$	1,007	$	1,007	$	—	$	—
Due from one year to five years	46,666		46,981		2,348		2,337
Due from five years to ten years	12,524		12,499		5,000		4,892
Due beyond ten years	—		—		—		—
Private label mortgage backed security	5,216		5,641		—		—
Mortgage backed securities - residential	144,733		150,055		524		567
Collateralized mortgage obligations	204,093		204,148		47,297		47,908
Total securities	$	414,239	$	420,331	$	55,169	$	55,704

Securities with Unrealized Losses, Aggregated by Investment Category with Continuous Unrealized Loss Position

	Less than 12 months					12 months or more				Total
June 30, 2013 (in thousands)	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Available for sale
U.S. Treasury securities and U.S. Government agencies	$	21,791	$	(115	)	$	—	$	—	$	21,791	$	(115	)
Mortgage backed securities - residential	1,150		(9		)	—		—		1,150		(9		)
Collateralized mortgage obligations	62,643		(1,623		)	—		—		62,643		(1,623		)
Corporate bonds	14,971		(46		)	—		—		14,971		(46		)
Total available for sale	$	100,555	$	(1,793	)	$	—	$	—	$	100,555	$	(1,793	)

	Less than 12 months					12 months or more				Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Held to maturity
U.S. Treasury securities and U.S. Government agencies	$	1,814	$	(17	)	$	—	$	—	$	1,814	$	(17	)
Collateralized mortgage obligations	9,870		(23		)	—		—		9,870		(23		)
Corporate bonds	4,892		(108		)	—		—		4,892		(108		)
Total held to maturity	$	16,576	$	(148	)	$	—	$	—	$	16,576	$	(148	)

	Less than 12 months					12 months or more				Total
December 31, 2012 (in thousands)	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Available for sale
U.S. Treasury securities and U.S. Government agencies	$	3,588	$	(6	)	$	—	$	—	$	3,588	$	(6	)
Collateralized mortgage obligations	20,508		(130		)	—		—		20,508		(130		)
Total available for sale	$	24,096	$	(136	)	$	—	$	—	$	24,096	$	(136	)

Pledged Investment Securities

(in thousands)	June 30, 2013		December 31, 2012
Carrying amount	$	184,001	$	334,560
Fair value	184,480		334,843