Securities (Tables)

9 Months Ended

Sep. 30, 2015

Investments Debt And Equity Securities [Abstract]

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, 2015:
US Treasury securities	$	300	$	—	$	—		$	300
FNMA and FHLB Agency notes		16,167		69		—			16,236
Agency mortgage-backed securities		341,085		3,126		(188	)		344,023
Total	$	357,552	$	3,195	$	(188	)	$	360,559

December 31, 2014:
US Treasury securities	$	300	$	—	$	—		$	300
FNMA and FHLB Agency notes		10,496		—		(219	)		10,277
Agency mortgage-backed securities		125,944		1,881		(132	)		127,693
Total	$	136,740	$	1,881	$	(351	)	$	138,270

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, 2015 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, 2015
	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	$	—	$	—		$	—	$	—	$	—	$	—
Agency mortgage backed securities		20,268		(188	)		—		—		20,268		(188)
Total temporarily impaired securities	$	20,268	$	(188	)	$	—	$	—	$	20,268	$	(188)

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, 2015:

(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		—			12,760			2,748			659			16,167
Total	$	300		$	12,760		$	2,748		$	659		$	16,467
Weighted average yield		0.45	%		1.50	%		1.94	%		2.86	%		1.61	%

Estimated Fair Value:
US Treasury securities	$	300		$	—		$	—		$	—		$	300
FNMA and FHLB Agency notes		—			12,798			2,763			675			16,236
Total	$	300		$	12,798		$	2,763		$	675		$	16,536

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

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