INVESTMENT SECURITIES (Tables)

9 Months Ended

Sep. 30, 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
September 30, 2017 (in thousands)	Cost		Gains		Losses		Value
U.S. Treasury securities and U.S. Government agencies	$	236,899	$	13	$	(653)	$	236,259
Private label mortgage backed security		3,245		1,330		—		4,575
Mortgage backed securities - residential		102,657		1,644		(299)		104,002
Collateralized mortgage obligations		92,348		425		(539)		92,234
Freddie Mac preferred stock		—		407		—		407
Community Reinvestment Act mutual fund		2,500		5		(24)		2,481
Corporate bonds		15,002		259		—		15,261
Trust preferred security		3,482		18		—		3,500
Total securities available for sale	$	456,133	$	4,101	$	(1,515)	$	458,719

			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
September 30, 2017 (in thousands)	Value		Gains		Losses		Value
Mortgage backed securities - residential	$	153	$	11	$	—	$	164
Collateralized mortgage obligations		24,378		239		(21)		24,596
Corporate bonds		40,182		541		—		40,723
Obligations of state and political subdivisions		464		2		—		466
Total securities held to maturity	$	65,177	$	793	$	(21)	$	65,949

			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
September 30, 2017 (in thousands)	Cost		Value		Value		Value
Due in one year or less	$	85,073	$	85,055	$	—	$	—
Due from one year to five years		156,828		156,225		10,574		10,606
Due from five years to ten years		10,000		10,240		30,072		30,583
Due beyond ten years		3,482		3,500		—		—
Private label mortgage backed security		3,245		4,575		—		—
Mortgage backed securities - residential		102,657		104,002		153		164
Collateralized mortgage obligations		92,348		92,234		24,378		24,596
Freddie Mac preferred stock		—		407		—		—
Community Reinvestment Act mutual fund		2,500		2,481		—		—
Total securities	$	456,133	$	458,719	$	65,177	$	65,949

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, 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	$	9,933	$	(67)	$	186,270	$	(586)	$	196,203	$	(653)
Mortgage backed securities - residential		—		—		48,738		(299)		48,738		(299)
Collateralized mortgage obligations		—		—		41,752		(539)		41,752		(539)
Community Reinvestment Act mutual fund		1,476		(24)		—		—		1,476		(24)
Total securities available for sale	$	11,409	$	(91)	$	276,760	$	(1,424)	$	288,169	$	(1,515)

	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
September 30, 2017 (in thousands)	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
Securities held to maturity:
Collateralized mortgage obligations	$	—	$	—	$	6,602	$	(21)	$	6,602	$	(21)
Total securities held to maturity	$	—	$	—	$	6,602	$	(21)	$	6,602	$	(21)

	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)	September 30, 2017		December 31, 2016
Carrying amount	$	212,825	$	231,695
Fair value		213,048		231,891