Securities (Tables)

9 Months Ended

Sep. 30, 2018

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-For-Sale Securities Reconciliation

The amortized cost and fair value of securities available-for-sale at September 30, 2018 and December 31, 2017 are summarized as follows (in thousands):



	September 30, 2018
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Government-sponsored enterprises (GSEs)	$	29,127	$	—	$	(1,143	)	$	27,984
Municipal securities	40,438		4		(829		)	39,613
Other debt securities	976		—		(52		)	924
Mortgage-backed securities (GSEs)	107,374		168		(3,024		)	104,518
	$	177,915	$	172	$	(5,048	)	$	173,039



	December 31, 2017
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Government-sponsored enterprises (GSEs)	$	26,207	$	1	$	(432	)	$	25,776
Municipal securities	9,122		28		(147		)	9,003
Other debt securities	974		—		(24		)	950
Mortgage-backed securities (GSEs)	117,263		136		(1,184		)	116,215
	$	153,566	$	165	$	(1,787	)	$	151,944

Investments Classified by Contractual Maturity Date

The amortized cost and estimated fair value of securities at September 30, 2018, by contractual maturity for non-mortgage backed securities, are shown below (in thousands). Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.



	Amortized Cost		Fair Value
Due in one year or less	$	—	$	—
Due from one year to five years	21,555		20,879
Due from five years to ten years	14,608		13,817
Due after ten years	34,378		33,825
	70,541		68,521
Mortgage-backed securities	107,374		104,518
	$	177,915	$	173,039

Schedule of Unrealized Loss on Investments

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 September 30, 2018 and December 31, 2017 (in thousands):



	As of September 30, 2018
	Less than 12 Months					12 Months or Greater					Total
	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
U.S. Government- sponsored enterprises (GSEs)	$	14,425	$	(575	)	$	13,559	$	(568	)	$	27,984	$	(1,143	)
Municipal securities	31,075		(648		)	2,559		(181		)	33,634		(829		)
Other debt securities	—		—			924		(52		)	924		(52		)
Mortgage-backed securities (GSEs)	49,185		(1,713		)	32,074		(1,311		)	81,259		(3,024		)
	$	94,685	$	(2,936	)	$	49,116	$	(2,112	)	$	143,801	$	(5,048	)



	As of December 31, 2017
	Less than 12 Months					12 Months or Greater					Total
	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
U.S. Government- sponsored enterprises (GSEs)	$	1,358	$	(1	)	$	13,420	$	(431	)	$	14,778	$	(432	)
Municipal securities	3,418		(43		)	2,112		(104		)	5,530		(147		)
Other debt securities	950		(24		)	—		—			950		(24		)
Mortgage-backed securities (GSEs)	61,332		(407		)	35,048		(777		)	96,380		(1,184		)
	$	67,058	$	(475	)	$	50,580	$	(1,312	)	$	117,638	$	(1,787	)