INVESTMENT SECURITIES (Tables)

9 Months Ended

Sep. 30, 2016

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
	Amortized		Unrealized		Unrealized		Fair
September 30, 2016 (in thousands)	Cost		Gains		Losses		Value
U.S. Treasury securities and U.S. Government agencies	$	286,295	$	1,350	$	—	$	287,645
Private label mortgage backed security		3,864		1,004		—		4,868
Mortgage backed securities - residential		78,048		2,814		(30)		80,832
Collateralized mortgage obligations		95,173		660		(238)		95,595
Freddie Mac preferred stock		—		193		—		193
Community Reinvestment Act mutual fund		2,500		44		—		2,544
Corporate bonds		15,005		123		—		15,128
Trust preferred security		3,438		—		(338)		3,100
Total securities available for sale	$	484,323	$	6,188	$	(606)	$	489,905

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
December 31, 2015 (in thousands)	Cost		Gains		Losses		Value
U.S. Treasury securities and U.S. Government agencies	$	286,914	$	59	$	(494)	$	286,479
Private label mortgage backed security		4,037		1,095		—		5,132
Mortgage backed securities - residential		88,968		3,395		(95)		92,268
Collateralized mortgage obligations		113,972		748		(1,052)		113,668
Freddie Mac preferred stock		—		173		—		173
Community Reinvestment Act mutual fund		1,000		11		—		1,011
Corporate bonds		15,009		16		(103)		14,922
Trust preferred security		3,405		—		—		3,405
Total securities available for sale	$	513,305	$	5,497	$	(1,744)	$	517,058

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

			Gross		Gross
	Carrying		Unrecognized		Unrecognized		Fair
September 30, 2016 (in thousands)	Value		Gains		Losses		Value
U.S. Treasury securities and U.S. Government agencies	$	509	$	7	$	—	$	516
Mortgage backed securities - residential		160		12		—		172
Collateralized mortgage obligations		28,795		254		(76)		28,973
Corporate bonds		5,075		—		(85)		4,990
Total securities held to maturity	$	34,539	$	273	$	(161)	$	34,651

			Gross		Gross
	Carrying		Unrecognized		Unrecognized		Fair
December 31, 2015 (in thousands)	Value		Gains		Losses		Value
U.S. Treasury securities and U.S. Government agencies	$	515	$	1	$	—	$	516
Mortgage backed securities - residential		53		6		—		59
Collateralized mortgage obligations		33,159		464		—		33,623
Corporate bonds		5,000		—		(2)		4,998
Total securities held to maturity	$	38,727	$	471	$	(2)	$	39,196

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

	Securities				Securities
	Available for Sale				Held to Maturity
	Amortized		Fair		Carrying		Fair
September 30, 2016 (in thousands)	Cost		Value		Value		Value
Due in one year or less	$	96,170	$	96,479	$	509	$	516
Due from one year to five years		195,130		196,203		5,075		4,990
Due from five years to ten years		10,000		10,091		—		—
Due beyond ten years		3,438		3,100		—		—
Private label mortgage backed security		3,864		4,868		—		—
Mortgage backed securities - residential		78,048		80,832		160		172
Collateralized mortgage obligations		95,173		95,595		28,795		28,973
Freddie Mac preferred stock		—		193		—		—
Community Reinvestment Act mutual fund		2,500		2,544		—		—
Total securities	$	484,323	$	489,905	$	34,539	$	34,651

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

	Less than 12 months				12 months or more				Total
			Unrealized				Unrealized				Unrealized
September 30, 2016 (in thousands)	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
Securities available for sale:
Mortgage backed securities - residential	$	—	$	—	$	4,619	$	(30)	$	4,619	$	(30)
Collateralized mortgage obligations		20,765		(64)		17,557		(174)		38,322		(238)
Trust preferred security		3,100		(338)		—		—		3,100		(338)
Total securities available for sale	$	23,865	$	(402)	$	22,176	$	(204)	$	46,041	$	(606)

	Less than 12 months				12 months or more				Total
			Unrealized				Unrealized				Unrealized
December 31, 2015 (in thousands)	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
Securities available for sale:
U.S. Treasury securities and U.S. Government agencies	$	191,584	$	(433)	$	9,914	$	(61)	$	201,498	$	(494)
Mortgage backed securities - residential		5,727		(95)		—		—		5,727		(95)
Collateralized mortgage obligations		6,831		(212)		35,869		(840)		42,700		(1,052)
Corporate bonds		9,896		(103)		—		—		9,896		(103)
Total securities available for sale	$	214,038	$	(843)	$	45,783	$	(901)	$	259,821	$	(1,744)

	Less than 12 months				12 months or more				Total
			Unrealized				Unrealized				Unrealized
September 30, 2016 (in thousands)	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
Securities held to maturity:
Collateralized mortgage obligations	$	74,312	$	(76)	$	—	$	—	$	74,312	$	(76)
Corporate bonds		—		—		4,915		(85)		4,915		(85)
Total securities held to maturity	$	74,312	$	(76)	$	4,915	$	(85)	$	79,227	$	(161)

	Less than 12 months				12 months or more				Total
			Unrealized				Unrealized				Unrealized
December 31, 2015 (in thousands)	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
Securities held to maturity:
Corporate bonds	$	4,998	$	(2)	$	—		—	$	4,998	$	(2)
Total securities held to maturity	$	4,998	$	(2)	$	—	$	—	$	4,998	$	(2)

Pledged Investment Securities

(in thousands)	September 30, 2016		December 31, 2015
Carrying amount	$	205,553	$	489,598
Fair value		205,773		490,074