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Securities | 3 Months Ended
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Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract] |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 4. Securities The amortized cost and fair value of securities available-for-sale at March 31, 2016 and December 31, 2015 are summarized as follows (in thousands):
|  | March 31, 2016 |
|  |  |  |  | Gross |  | Gross |  |  |  |
|  | Amortized |  | Unrealized |  | Unrealized |  | Fair |
|  | Cost |  | Gains |  | Losses |  | Value |
U.S. Government-sponsored enterprises (GSEs) |  | $ | 17,732 |  | $ | 97 |  | $ | - |  | $ | 17,829 |
Municipal securities |  |  | 7,582 |  |  | 83 |  |  | (1) |  |  | 7,664 |
Mortgage-backed securities |  |  | 131,905 |  |  | 593 |  |  | (430) |  |  | 132,068 |
|  | $ | 157,219 |  | $ | 773 |  | $ | (431) |  | $ | 157,561 |
|  | December 31, 2015 |
|  |  |  |  | Gross |  | Gross |  |  |  |
|  | Amortized |  | Unrealized |  | Unrealized |  | Fair |
|  | Cost |  | Gains |  | Losses |  | Value |
U.S. Government-sponsored enterprises (GSEs) |  | $ | 22,745 |  | $ | 48 |  | $ | (50) |  | $ | 22,743 |
Municipal securities |  |  | 7,614 |  |  | 52 |  |  | (17) |  |  | 7,649 |
Mortgage-backed securities |  |  | 136,625 |  |  | 375 |  |  | (979) |  |  | 136,021 |
|  | $ | 166,984 |  | $ | 475 |  | $ | (1,046) |  | $ | 166,413 |
At March 31, 2016, securities with a fair value totaling approximately $105,900,000 were pledged to secure public funds and securities sold under agreements to repurchase. For the three months ended March 31, 2016, there were available-for-sale securities sold with proceeds totaling $5,072,500 which resulted in gross gains realized of $83,263 and gross losses of $-. For the three months ended March 31, 2015 there were no securities sold. The amortized cost and estimated fair value of securities at March 31, 2016, by contractual maturity, are shown below (in thousands). Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
|  | Amortized |  | Fair |
|  | Cost |  | Value |
Due in one year or less |  | $ | 1,949 |  | $ | 1,952 |
Due from one year to five years |  |  | 12,899 |  |  | 12,946 |
Due from five years to ten years |  |  | 5,356 |  |  | 5,429 |
Due after ten years |  |  | 5,110 |  |  | 5,166 |
|  |  | 25,314 |  |  | 25,493 |
Mortgage-backed securities |  |  | 131,905 |  |  | 132,068 |
|  | $ | 157,219 |  | $ | 157,561 |
The following tables present the gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities available-for-sale have been in a continuous unrealized loss position, as of March 31, 2016 and December 31, 2015 (in thousands):
|  | As of March 31, 2016 |
|  | Less than 12 Months |  | 12 Months or Greater |  | Total |
|  |  |  |  | Gross |  |  |  |  | Gross |  |  |  |  | Gross |
|  | Fair |  | Unrealized |  | Fair |  | Unrealized |  | Fair |  | Unrealized |
|  | Value |  | Losses |  | Value |  | Losses |  | Value |  | Losses |
Municipal securities |  |  | 534 |  |  | (1) |  |  | - |  |  | - |  |  | 534 |  |  | (1) |
Mortgage-backed securities |  |  | 34,957 |  |  | (136) |  |  | 12,127 |  |  | (294) |  |  | 47,084 |  |  | (430) |
|  | $ | 35,491 |  | $ | (137) |  | $ | 12,127 |  | $ | (294) |  | $ | 47,618 |  | $ | (431) |
|  | As of December 31, 2015 |
|  | Less than 12 Months |  | 12 Months or Greater |  | Total |
|  |  |  |  | Gross |  |  |  |  | Gross |  |  |  |  | Gross |
|  | Fair |  | Unrealized |  | Fair |  | Unrealized |  | Fair |  | Unrealized |
|  | Value |  | Losses |  | Value |  | Losses |  | Value |  | Losses |
U.S. Government- sponsored enterprises (GSEs) |  | $ | 8,464 |  | $ | (50) |  | $ | - |  | $ | - |  | $ | 8,464 |  | $ | (50) |
Municipal securities |  |  | 2,456 |  |  | (17) |  |  | - |  |  | - |  |  | 2,456 |  |  | (17) |
Mortgage-backed securities |  |  | 72,641 |  |  | (470) |  |  | 16,325 |  |  | (509) |  |  | 88,966 |  |  | (979) |
|  | $ | 83,561 |  | $ | (537) |  | $ | 16,325 |  | $ | (509) |  | $ | 99,886 |  | $ | (1,046) |
At March 31, 2016, the categories of temporarily impaired securities, and management’s evaluation of those securities, are as follows: U.S. Government-sponsored enterprises: At March 31, 2016, one investment in U.S. GSE securities had unrealized losses. This unrealized loss related principally to changes in market interest rates. The contractual terms of the investment does not permit the issuer to settle the security at a price less than the amortized cost bases of the investment. Because the Bank does not intend to sell the investment and it is more likely than not that the Bank will not be required to sell the investment before recovery of its amortized cost basis, which may be maturity, the Bank does not consider this investment to be other-than temporarily impaired at March 31, 2016. Municipal securities: At March 31, 2016, two investments in obligations of municipal securities had unrealized losses. The Bank believes the unrealized losses on those investments were caused by the interest rate environment and do not relate to the underlying credit quality of the issuers. Because the Bank does not intend to sell the investments and it is not more likely than not that the Bank will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Bank does not consider these investments to be other-than-temporarily impaired at March 31, 2016. Mortgage-backed securities: At March 31, 2016, 34 (or thirty four) investments in residential mortgage-backed securities had unrealized losses. This impairment is believed to be caused by the current interest rate environment. The contractual cash flows of those investments are guaranteed by an agency of the U.S. Government. Because the decline in market value is attributable to the current interest rate environment and not credit quality, and because the Bank does not intend to sell the investments and it is not more likely than not that the Bank will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Bank does not deem those investments to be other-than-temporarily impaired at March 31, 2016.

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