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Securities (Tables)
 6 Months Ended
Jun. 30, 2014
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-sale Securities
The amortized cost and estimated fair value of securities available-for-sale and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income were as follows:

 
 
As of June 30, 2014
 
 
Amortized cost
 
Gross
unrealized
holding gains
 
Gross
unrealized
holding losses
 
Estimated
fair value
 
 
(In Thousands)
Available-for-sale:
 
 
 
 
 
 
 
 
U.S. Government agency obligations - government-sponsored enterprises
 
$
7,250

 
$
—

 
$
(84
)
 
$
7,166

Municipal obligations
 
—

 
—

 
—

 
—

Asset-backed securities
 
1,515

 
—

 
(1
)
 
1,514

Collateralized mortgage obligations - government issued
 
80,800

 
1,956

 
(289
)
 
82,467

Collateralized mortgage obligations - government-sponsored enterprises
 
52,492

 
204

 
(201
)
 
52,495

 
 
$
142,057

 
$
2,160

 
$
(575
)
 
$
143,642


 
 
As of December 31, 2013
 
 
Amortized cost
 
Gross
unrealized
holding gains
 
Gross
unrealized
holding losses
 
Estimated
fair value
 
 
(In Thousands)
Available-for-sale:
 
 
 
 
 
 
 
 
U.S. Government agency obligations - government-sponsored enterprises
 
$
16,380

 
$
9

 
$
(145
)
 
$
16,244

Municipal obligations
 
16,207

 
35

 
(753
)
 
15,489

Asset-backed securities
 
1,517

 
$
—

 
(23
)
 
1,494

Collateralized mortgage obligations - government issued
 
111,010

 
2,238

 
(1,279
)
 
111,969

Collateralized mortgage obligations - government-sponsored enterprises
 
35,561

 
57

 
(696
)
 
34,922

 
 
$
180,675

 
$
2,339

 
$
(2,896
)
 
$
180,118
Schedule of Held-to-maturity Securities
The amortized cost and estimated fair value of securities held-to-maturity and the corresponding amounts of gross unrecognized gains and losses were as follows:

 
 
As of June 30, 2014
 
 
Amortized cost
 
Gross
unrecognized
holding gains
 
Gross
unrecognized
holding losses
 
Estimated
fair value
 
 
(In Thousands)
Held-to-maturity:
 
 
 
 
 
 
 
 
U.S. Government agency obligations - government-sponsored enterprises
 
$
1,474

 
$
—

 
$
(11
)
 
$
1,463

Municipal obligations
 
16,113

 
—

 
(141
)
 
15,972

Collateralized mortgage obligations - government issued
 
15,776

 
10

 
(60
)
 
15,726

Collateralized mortgage obligations - government-sponsored enterprises
 
10,071

 
—

 
(92
)
 
9,979

 
 
$
43,434

 
$
10

 
$
(304
)
 
$
43,140
Investments Classified by Contractual Maturity
The amortized cost and estimated fair value of securities by contractual maturity at June 30, 2014 are shown below. Actual maturities may differ from contractual maturities because issuers have the right to call or prepay certain obligations without call or prepayment penalties.
 
 
Available-for-Sale
 
Held-to-Maturity
 
 
Amortized cost
 
Estimated
fair value
 
Amortized cost
 
Estimated
fair value
 
 
(In Thousands)
Due in one year or less
 
$
—

 
$
—

 
$
—

 
$
—

Due in one year through five years
 
7,789

 
7,724

 
2,277

 
2,263

Due in five through ten years
 
51,569

 
51,955

 
13,133

 
13,020

Due in over ten years
 
82,699

 
83,963

 
28,024

 
27,857

 
 
$
142,057

 
$
143,642

 
$
43,434

 
$
43,140
Schedule of Unrealized Loss on Investments
A summary of unrealized loss information for securities available-for-sale, categorized by security type follows:

 
 
As of June 30, 2014
 
 
Less than 12 months
 
12 months or longer
 
Total
 
 
Fair value
 
Unrealized
losses
 
Fair value
 
Unrealized
losses
 
Fair value
 
Unrealized
losses
 
 
(In Thousands)
Available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government agency obligations - government-sponsored enterprises
 
$
2,491

 
$
9

 
$
4,675

 
$
75

 
$
7,166

 
$
84

Municipal obligations
 
—

 
—

 
—

 
—

 
—

 
—

Asset-backed securities
 
—

 
—

 
1,514

 
1

 
1,514

 
1

Collateralized mortgage obligations - government issued
 
8,347

 
23

 
11,934

 
266

 
20,281

 
289

Collateralized mortgage obligations - government-sponsored enterprises
 
17,669

 
70

 
4,672

 
131

 
22,341

 
201

 
 
$
28,507

 
$
102

 
$
22,795

 
$
473

 
$
51,302

 
$
575


 
 
As of December 31, 2013
 
 
Less than 12 months
 
12 months or longer
 
Total
 
 
Fair value
 
Unrealized
losses
 
Fair value
 
Unrealized
losses
 
Fair value
 
Unrealized
losses
 
 
(In Thousands)
Available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government agency obligations - government-sponsored enterprises
 
$
10,608

 
$
145

 
$
—

 
$
—

 
$
10,608

 
$
145

Municipal obligations
 
12,001

 
650

 
981

 
103

 
12,982

 
753

Asset-backed securities
 
1,494

 
$
23

 
—

 
—

 
1,494

 
23

Collateralized mortgage obligations - government issued
 
34,021

 
997

 
6,146

 
282

 
40,167

 
1,279

Collateralized mortgage obligations - government-sponsored enterprises
 
20,628

 
506

 
5,418

 
190

 
26,046

 
696

 
 
$
78,752

 
$
2,321

 
$
12,545

 
$
575

 
$
91,297

 
$
2,896



A summary of unrecognized loss information for securities held-to-maturity, categorized by security type follows:

 
 
As of June 30, 2014
 
 
Less than 12 months
 
12 months or longer
 
Total
 
 
Fair value
 
Unrecognized
losses
 
Fair value
 
Unrecognized
losses
 
Fair value
 
Unrecognized
losses
 
 
(In Thousands)
Held-to-maturity:
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government agency obligations - government-sponsored enterprises
 
$
1,474

 
$
11

 
$
—

 
$
—

 
$
1,474

 
$
11

Municipal obligations
 
16,113

 
141

 
—

 
—

 
16,113

 
141

Collateralized mortgage obligations - government issued
 
13,586

 
60

 
—

 
—

 
13,586

 
60

Collateralized mortgage obligations - government-sponsored enterprises
 
10,071

 
92

 
—

 
—

 
10,071

 
92

 
 
$
41,244

 
$
304

 
$
—

 
$
—

 
$
41,244

 
$
304