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Securities Held-to-Maturity
12 Months Ended
Dec. 31, 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:

 

     December 31,  
     2017      2016  

Federal agency debt instruments

   $ 21,299      $ 22,496  
  

 

 

    

 

 

 

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

 

     December 31,  
     2017      2016  

Cost/amortized cost

   $ 21,299      $ 22,496  

Gross unrealized gains

     9        13  

Gross unrealized losses

     (1,257      (1,353
  

 

 

    

 

 

 

Fair value

   $ 20,051      $ 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 for the years ending December 31, 2017 and 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 at 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,  
     2017      2016  

Due within one year

   $ 1,000      $ 3,994  

Due one year through five years

     11        1,023  

Due five years through ten years

     6,027        4,031  

Due over ten years

     14,261        13,448  
  

 

 

    

 

 

 

Total

   $ 21,299      $ 22,496