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SECURITIES (Tables)
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3 Months Ended |
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Mar. 31, 2014
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| Investments, Debt and Equity Securities [Abstract] |
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| Amortized Cost and Fair Value of Available for Sale And Held to Maturity Securities |
The amortized cost and fair value of available-for-sale and held-to-maturity securities at March 31, 2014 and December 31, 2013 are summarized as follows: | | | | | | Gross | | Gross | | | | | | | | Amortized | | Unrealized | | Unrealized | | Market | | | | | Cost | | Gain | | Loss | | Value | | | | | (In Thousands) | | | March 31, 2014 | | | | | | | | | | | | | | | Securities Available for Sale | | | | | | | | | | | | | | | U.S. Treasury and government sponsored agencies | | $ | 42,846 | | $ | 632 | | $ | (51) | | $ | 43,427 | | | Mortgage-backed securities | | | 83,753 | | | 2,785 | | | (62) | | | 86,476 | | | State and municipal securities | | | 128,507 | | | 3,634 | | | (488) | | | 131,653 | | | Corporate debt | | | 15,758 | | | 196 | | | (9) | | | 15,945 | | | Total | | $ | 270,864 | | $ | 7,247 | | $ | (610) | | $ | 277,501 | | | Securities Held to Maturity | | | | | | | | | | | | | | | Mortgage-backed securities | | $ | 26,428 | | $ | 336 | | $ | (1,083) | | $ | 25,681 | | | State and municipal securities | | | 5,546 | | | 332 | | | - | | | 5,878 | | | Total | | $ | 31,974 | | $ | 668 | | $ | (1,083) | | $ | 31,559 | | | | | | | | | | | | | | | | | | December 31, 2013 | | | | | | | | | | | | | | | Securities Available for Sale | | | | | | | | | | | | | | | U.S. Treasury and government sponsored agencies | | $ | 31,641 | | $ | 674 | | $ | (41) | | $ | 32,274 | | | Mortgage-backed securities | | | 85,764 | | | 2,574 | | | (98) | | | 88,240 | | | State and municipal securities | | | 127,083 | | | 3,430 | | | (682) | | | 129,831 | | | Corporate debt | | | 15,738 | | | 163 | | | (26) | | | 15,875 | | | Total | | $ | 260,226 | | $ | 6,841 | | $ | (847) | | $ | 266,220 | | | Securities Held to Maturity | | | | | | | | | | | | | | | Mortgage-backed securities | | $ | 26,730 | | $ | 266 | | $ | (1,422) | | $ | 25,574 | | | State and municipal securities | | | 5,544 | | | 197 | | | - | | | 5,741 | | | Total | | $ | 32,274 | | $ | 463 | | $ | (1,422) | | $ | 31,315 | |
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| Amortized Cost and Fair Value of Securities |
The amortized cost and fair value of debt securities as of March 31, 2014 by contractual maturity are shown below. Actual maturities may differ from contractual maturities of mortgage-backed securities since the mortgages underlying the securities may be called or prepaid with or without penalty. Therefore, these securities are not included in the maturity categories along with the other categories of debt securities. | | | March 31, 2014 | | | | | Available-for-sale | | Held-to-maturity | | | | | Amortized
Cost | | Fair Value | | Amortized
Cost | | Fair Value | | | | | (In thousands) | | | Less than one year | | $ | 3,891 | | $ | 3,871 | | $ | - | | $ | - | | | One year to five years | | | 108,817 | | | 111,350 | | | - | | | - | | | Five years to ten years | | | 73,615 | | | 74,969 | | | - | | | - | | | More than ten years | | | 788 | | | 835 | | | 5,546 | | | 5,878 | | | Mortgage-backed securities | | | 83,753 | | | 86,476 | | | 26,428 | | | 25,681 | | | | | $ | 270,864 | | $ | 277,501 | | $ | 31,974 | | $ | 31,559 | |
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| Investment Securities Continuous Unrealized Loss Position |
| | | Less Than Twelve Months | | Twelve Months or More | | Total | | | | | Gross | | | | | Gross | | | | | Gross | | | | | | | | Unrealized | | | | | Unrealized | | | | | Unrealized | | | | | | | | Losses | | Fair Value | | Losses | | Fair Value | | Losses | | Fair Value | | | | | (In Thousands) | | | March 31, 2014 | | | | | | | | | | | | | | | | | | | | | U.S. Treasury and government sponsored agencies | | $ | (51) | | $ | 12,589 | | $ | - | | $ | - | | $ | (51) | | $ | 12,589 | | | Mortgage-backed securities | | | (621) | | | 20,014 | | | (524) | | | 6,659 | | | (1,145) | | | 26,673 | | | State and municipal securities | | | (419) | | | 25,385 | | | (69) | | | 4,038 | | | (488) | | | 29,423 | | | Corporate debt | | | (9) | | | 2,991 | | | - | | | - | | | (9) | | | 2,991 | | | Total | | $ | (1,100) | | $ | 60,979 | | $ | (593) | | $ | 10,697 | | $ | (1,693) | | $ | 71,676 | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2013: | | | | | | | | | | | | | | | | | | | | | U.S. Treasury and government sponsored agencies | | $ | (41) | | $ | 5,854 | | $ | - | | $ | - | | $ | (41) | | $ | 5,854 | | | Mortgage-backed securities | | | (852) | | | 21,365 | | | (668) | | | 6,691 | | | (1,520) | | | 28,056 | | | State and municipal securities | | | (607) | | | 30,666 | | | (75) | | | 3,443 | | | (682) | | | 34,109 | | | Corporate debt | | | (26) | | | 5,958 | | | - | | | - | | | (26) | | | 5,958 | | | Total | | $ | (1,526) | | $ | 63,843 | | $ | (743) | | $ | 10,134 | | $ | (2,269) | | $ | 73,977 | |
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