v2.4.0.8
Securities (Tables)
 9 Months Ended
Sep. 30, 2014
Investments Debt And Equity Securities [Abstract]  
Summary of AFS Securities Portfolio

The following table provides a summary of the Company’s securities AFS portfolio as of:

 

 

Amortized

 

 

Gross Unrealized

 

 

Estimated

 

(dollars in thousands)

Cost

 

 

Gains

 

 

Losses

 

 

Fair Value

 

September 30, 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US Treasury securities

$

300

 

 

$

-

 

 

$

-

 

 

$

300

 

FNMA and FHLB Agency notes

 

10,496

 

 

 

-

 

 

 

(323

)

 

 

10,173

 

Agency mortgage-backed securities

 

124,383

 

 

 

580

 

 

 

(676

)

 

 

124,287

 

Total

$

135,179

 

 

$

580

 

 

$

(999

)

 

$

134,760

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US Treasury securities

$

300

 

 

$

-

 

 

$

-

 

 

$

300

 

FNMA and FHLB Agency notes

 

10,496

 

 

 

-

 

 

 

(716

)

 

 

9,780

 

Agency mortgage-backed securities

 

50,983

 

 

 

30

 

 

 

(1,982

)

 

 

49,031

 

Total

$

61,779

 

 

$

30

 

 

$

(2,698

)

 

$

59,111

 

 
Schedule of Securities in a Continuous Unrealized Loss Position Aggregated by Investment Category and Length of Time

The table below indicates, as of September 30, 2014, the gross unrealized losses and fair values of our investments, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position.

 

 

 

Securities with Unrealized Loss at September 30, 2014

 

 

 

Less than 12 months

 

 

12 months or more

 

 

Total

 

(dollars in thousands)

 

Fair Value

 

 

 

Unrealized Loss

 

 

Fair Value

 

 

 

Unrealized Loss

 

 

Fair Value

 

 

Unrealized Loss

 

FNMA and FHLB Agency notes

 

$

-

 

 

$

-

 

 

$

10,173

 

 

$

(323

)

 

$

10,173

 

 

$

(323)

 

Agency mortgage backed securities

 

 

19,805

 

 

 

(21

)

 

 

27,536

 

 

 

(655

)

 

 

47,341

 

 

 

(676)

 

Total temporarily impaired securities

 

$

19,805

 

 

$

(21

)

 

$

37,709

 

 

$

(978

)

 

 

57,514

 

 

 

(999)

 

 
Scheduled Maturities of Securities AFS Other than Mortgage Backed Securities and the Related Weighted Average Yield

The scheduled maturities of securities AFS and the related weighted average yields were as follows as of September 30, 2014:

 

(dollars in thousands)

Less than
1 Year

 

 

1 Through
5 years

 

 

5 Through
10 Years

 

 

After 10
Years

 

 

Total

 

Amortized Cost:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US Treasury securities

$

-

 

 

$

300

 

 

$

-

 

 

$

-

 

 

$

300

 

FNMA and FHLB Agency notes

 

-

 

 

 

-

 

 

 

10,496

 

 

 

-

 

 

 

10,496

 

Total

$

-

 

 

$

300

 

 

$

10,496

 

 

$

-

 

 

$

10,796

 

Weighted average yield

 

0.00

%

 

 

0.45

%

 

 

1.78

%

 

 

0.00

%

 

 

1.74

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Estimated Fair Value:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US Treasury securities

$

-

 

 

$

300

 

 

$

-

 

 

$

-

 

 

$

300

 

FNMA and FHLB Agency notes

 

-

 

 

 

-

 

 

 

10,173

 

 

 

-

 

 

 

10,173

 

Total

$

-

 

 

$

300

 

 

$

10,173

 

 

$

-

 

 

$

10,473