XML 34 R12.htm IDEA: XBRL DOCUMENT v3.6.0.2
Securities Held-to-Maturity
12 Months Ended
Dec. 31, 2016
Text Block [Abstract]  
Securities Held-to-Maturity

5. Securities Held-to-Maturity

The following table is a summary of the Company’s securities held-to-maturity:

 

     December 31,  
     2016      2015  

Federal agency debt instruments

   $ 22,496      $ 23,689  
  

 

 

    

 

 

 

The following table summarizes unrealized gains, losses, and fair value of securities held-to-maturity:

 

     December 31,  
     2016      2015  

Cost/amortized cost

   $ 22,496      $ 23,689  

Gross unrealized gains

     13        82  

Gross unrealized losses

     (1,353      (609
  

 

 

    

 

 

 

Fair value

   $ 21,156      $ 23,162  
  

 

 

    

 

 

 

The Company assesses these securities for other-than-temporary impairment on a quarterly basis. No securities were determined to be other-than-temporarily impaired for the years ending December 31, 2016 and 2015. The Company does not intend to sell these securities and it is not more likely than not that the Company will be required to sell the securities before recovery of their amortized cost bases, which may be maturity.

The following table sets forth the maturity profile of the securities held-to-maturity; however, these securities may be called prior to maturity date:

 

     December 31,  
     2016      2015  

Due within one year

   $ 3,994      $ —    

Due one year through five years

     1,023        8,369  

Due five years through ten years

     4,031        3,127  

Due over ten years

     13,448        12,193  
  

 

 

    

 

 

 

Total

   $ 22,496      $ 23,689