INVESTMENT SECURITIES (Tables)

3 Months Ended

Mar. 31, 2017

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
March 31, 2017 (in thousands)	Cost		Gains		Losses		Value
U.S. Treasury securities and U.S. Government agencies	$	320,381	$	92	$	(948)	$	319,525
Private label mortgage backed security		3,543		1,139		—		4,682
Mortgage backed securities - residential		95,857		2,191		(226)		97,822
Collateralized mortgage obligations		83,317		394		(780)		82,931
Freddie Mac preferred stock		—		394		—		394
Community Reinvestment Act mutual fund		2,500		—		(42)		2,458
Corporate bonds		15,003		255		—		15,258
Trust preferred security		3,460		—		(260)		3,200
Total securities available for sale	$	524,061	$	4,465	$	(2,256)	$	526,270

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
December 31, 2016 (in thousands)	Cost		Gains		Losses		Value
U.S. Treasury securities and U.S. Government agencies	$	295,425	$	226	$	(1,107)	$	294,544
Private label mortgage backed security		3,691		1,086		—		4,777
Mortgage backed securities - residential		71,197		2,027		(220)		73,004
Collateralized mortgage obligations		88,559		334		(1,239)		87,654
Freddie Mac preferred stock		—		483		—		483
Community Reinvestment Act mutual fund		2,500		—		(45)		2,455
Corporate bonds		15,004		154		—		15,158
Trust preferred security		3,449		—		(249)		3,200
Total securities available for sale	$	479,825	$	4,310	$	(2,860)	$	481,275

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

			Gross		Gross
	Carrying		Unrecognized		Unrecognized		Fair
March 31, 2017 (in thousands)	Value		Gains		Losses		Value
U.S. Treasury securities and U.S. Government agencies	$	504	$	—	$	(1)	$	503
Mortgage backed securities - residential		156		11		—		167
Collateralized mortgage obligations		26,141		267		(36)		26,372
Corporate bonds		25,059		439		(61)		25,437
Total securities held to maturity	$	51,860	$	717	$	(98)	$	52,479

			Gross		Gross
	Carrying		Unrecognized		Unrecognized		Fair
December 31, 2016 (in thousands)	Value		Gains		Losses		Value
U.S. Treasury securities and U.S. Government agencies	$	506	$	—	$	(2)	$	504
Mortgage backed securities - residential		158		12		—		170
Collateralized mortgage obligations		27,142		250		(124)		27,268
Corporate bonds		25,058		312		(63)		25,307
Total securities held to maturity	$	52,864	$	574	$	(189)	$	53,249

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

	Securities				Securities
	Available for Sale				Held to Maturity
	Amortized		Fair		Carrying		Fair
March 31, 2017 (in thousands)	Cost		Value		Value		Value
Due in one year or less	$	96,033	$	96,079	$	504	$	502
Due from one year to five years		229,351		228,480		5,075		5,015
Due from five years to ten years		10,000		10,224		19,984		20,423
Due beyond ten years		3,460		3,200		—		—
Private label mortgage backed security		3,543		4,682		—		—
Mortgage backed securities - residential		95,857		97,822		156		167
Collateralized mortgage obligations		83,317		82,931		26,141		26,372
Freddie Mac preferred stock		—		394		—		—
Community Reinvestment Act mutual fund		2,500		2,458		—		—
Total securities	$	524,061	$	526,270	$	51,860	$	52,479

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
March 31, 2017 (in thousands)	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
Securities available for sale:
U.S. Treasury securities and U.S. Government agencies	$	—	$	—	$	183,282	$	(948)	$	183,282	$	(948)
Mortgage backed securities - residential		—		—		17,537		(226)		17,537		(226)
Collateralized mortgage obligations		—		—		46,440		(780)		46,440		(780)
Community Reinvestment Act mutual fund		2,458		(42)		—		—		2,458		(42)
Trust preferred security		—		—		3,200		(260)		3,200		(260)
Total securities available for sale	$	2,458	$	(42)	$	250,459	$	(2,214)	$	252,917	$	(2,256)

	Less than 12 months				12 months or more				Total
			Unrealized				Unrealized				Unrealized
December 31, 2016 (in thousands)	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
Securities available for sale:
U.S. Treasury securities and U.S. Government agencies	$	138,002	$	(1,107)	$	—	$	—	$	138,002	$	(1,107)
Mortgage backed securities - residential		9,427		(122)		4,211		(98)		13,638		(220)
Collateralized mortgage obligations		37,547		(690)		15,668		(549)		53,215		(1,239)
Community Reinvestment Act mutual fund		2,455		(45)		—		—		2,455		(45)
Trust preferred security		3,200		(249)		—		—		3,200		(249)
Total securities available for sale	$	190,631	$	(2,213)	$	19,879	$	(647)	$	210,510	$	(2,860)

	Less than 12 months				12 months or more				Total
			Unrealized				Unrealized				Unrealized
March 31, 2017 (in thousands)	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
Securities held to maturity:
U.S. Treasury securities and U.S. Government agencies	$	503	$	(1)	$	—	$	—	$	503	$	(1)
Collateralized mortgage obligations		—		—		7,066		(36)		7,066		(36)
Corporate bonds		—		—		4,940		(61)		4,940		(61)
Total securities held to maturity	$	503	$	(1)	$	12,006	$	(97)	$	12,509	$	(98)

	Less than 12 months				12 months or more				Total
			Unrealized				Unrealized				Unrealized
December 31, 2016 (in thousands)	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
Securities held to maturity:
U.S. Treasury securities and U.S. Government agencies	$	506	$	(2)	$	—	$	—	$	506	$	(2)
Collateralized mortgage obligations		13,315		(124)		—		—		13,315		(124)
Corporate bonds		—		—		4,937		(63)		4,937		(63)
Total securities held to maturity	$	13,821	$	(126)	$	4,937	$	(63)	$	18,758	$	(189)

Pledged Investment Securities

(in thousands)	March 31, 2017		December 31, 2016
Carrying amount	$	224,778	$	231,695
Fair value		224,978		231,891