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Securities Held-to-Maturity
6 Months Ended
Jun. 30, 2017
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:

 

     June 30,
2017
     December 31,
2016
 

Federal agency debt instruments (amortized cost)

   $ 21,149      $ 22,496  
  

 

 

    

 

 

 

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

 

     June 30,
2017
     December 31,
2016
 

Cost/amortized cost

   $ 21,149      $ 22,496  

Gross unrealized gains

     11        13  

Gross unrealized losses

     (1,271      (1,353
  

 

 

    

 

 

 

Fair value

   $ 19,889      $ 21,156  
  

 

 

    

 

 

 

The Company assesses these securities for other-than-temporary impairment on a quarterly basis. No securities were determined to be other-than-temporarily impaired at June 30, 2017 or December 31, 2016. 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:

 

     June 30,
2017
     December 31,
2016
 

Due within one year

   $ 2,999      $ 3,994  

Due one year through five years

     16        1,023  

Due five years through ten years

     4,029        4,031  

Due over ten years

     14,105        13,448  
  

 

 

    

 

 

 

Total

   $ 21,149      $ 22,496