XML 35 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
Securities (Tables)
 9 Months Ended
Sep. 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 September 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

 
$
—

 
$
(79
)
 
$
7,171

Asset-backed securities
 
1,515

 
—

 
(1
)
 
1,514

Collateralized mortgage obligations - government issued
 
74,535

 
1,686

 
(336
)
 
75,885

Collateralized mortgage obligations - government-sponsored enterprises
 
57,973

 
166

 
(282
)
 
57,857

 
 
$
141,273

 
$
1,852

 
$
(698
)
 
$
142,427


 
 
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 September 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
 
$
1,487

 
$
—

 
$
(24
)
 
$
1,463

Municipal obligations
 
16,100

 
16

 
(65
)
 
16,051

Collateralized mortgage obligations - government issued
 
15,145

 
5

 
(113
)
 
15,037

Collateralized mortgage obligations - government-sponsored enterprises
 
9,790

 
—

 
(129
)
 
9,661

 
 
$
42,522

 
$
21

 
$
(331
)
 
$
42,212
Investments Classified by Contractual Maturity
The amortized cost and estimated fair value of securities by contractual maturity at September 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
 
7,736

 
7,672

 
2,288

 
2,266

Due in five through ten years
 
59,260

 
59,640

 
13,531

 
13,493

Due in over ten years
 
74,277

 
75,115

 
26,703

 
26,453

 
 
$
141,273

 
$
142,427

 
$
42,522

 
$
42,212
Schedule of Unrealized Loss on Investments
A summary of unrecognized loss information for securities held-to-maturity, categorized by security type follows:

 
 
As of September 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
 
$
1,487

 
$
24

 
$
—

 
$
—

 
$
1,487

 
$
24

Municipal obligations
 
11,795

 
65

 
—

 
—

 
11,795

 
65

Collateralized mortgage obligations - government issued
 
11,448

 
113

 
—

 
—

 
11,448

 
113

Collateralized mortgage obligations - government-sponsored enterprises
 
9,790

 
129

 
—

 
—

 
9,790

 
129

 
 
$
34,520

 
$
331

 
$
—

 
$
—

 
$
34,520

 
$
331

A summary of unrealized loss information for securities available-for-sale, categorized by security type follows:

 
 
As of September 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

 
$
4,680

 
$
70

 
$
7,171

 
$
79

Asset-backed securities
 
—

 
—

 
1,514

 
1

 
1,514

 
1

Collateralized mortgage obligations - government issued
 
8,041

 
44

 
11,404

 
292

 
19,445

 
336

Collateralized mortgage obligations - government-sponsored enterprises
 
34,805

 
132

 
5,275

 
150

 
40,080

 
282

 
 
$
45,337

 
$
185

 
$
22,873

 
$
513

 
$
68,210

 
$
698


 
 
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