Securities (Tables)

6 Months Ended

Jun. 30, 2016

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, 2016
	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	$	7,298	$	48	$	(5	)	$	7,341
Municipal obligations	6,147		27		(4		)	6,170
Asset-backed securities	1,223		—		(50		)	1,173
Collateralized mortgage obligations - government issued	35,026		763		(21		)	35,768
Collateralized mortgage obligations - government-sponsored enterprises	86,418		849		(27		)	87,240
	$	136,112	$	1,687	$	(107	)	$	137,692



	As of December 31, 2015
	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	$	8,047	$	2	$	(32	)	$	8,017
Municipal obligations	4,278		12		(7		)	4,283
Asset-backed securities	1,327		—		(58		)	1,269
Collateralized mortgage obligations - government issued	43,845		814		(116		)	44,543
Collateralized mortgage obligations - government-sponsored enterprises	82,707		145		(416		)	82,436
	$	140,204	$	973	$	(629	)	$	140,548

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, 2016
	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	$	1,496	$	8	$	—		$	1,504
Municipal obligations	16,727		499		(2		)	17,224
Collateralized mortgage obligations - government issued	10,487		171		—			10,658
Collateralized mortgage obligations - government-sponsored enterprises	7,457		166		—			7,623
	$	36,167	$	844	$	(2	)	$	37,009



	As of December 31, 2015
	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	$	1,495	$	1	$	(11	)	$	1,485
Municipal obligations	16,038		332		(5		)	16,365
Collateralized mortgage obligations - government issued	11,718		32		(41		)	11,709
Collateralized mortgage obligations - government-sponsored enterprises	8,031		12		(44		)	7,999
	$	37,282	$	377	$	(101	)	$	37,558

Investments Classified by Contractual Maturity

The amortized cost and estimated fair value of securities by contractual maturity at June 30, 2016 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.



	As of June 30, 2016
	Available-for-Sale				Held-to-Maturity
	Amortized cost		Estimated fair value		Amortized cost		Estimated fair value
	(In Thousands)
Due in one year or less	$	2,510	$	2,510	$	—	$	—
Due in one year through five years	12,180		12,278		5,700		5,786
Due in five through ten years	85,137		86,292		12,522		12,942
Due in over ten years	36,285		36,612		17,945		18,281
	$	136,112	$	137,692	$	36,167	$	37,009

Schedule of Unrealized Loss on Investments

A summary of unrealized loss information for securities available-for-sale, categorized by security type and length of time for which the security has been in a continuous unrealized loss position follows:



	As of June 30, 2016
	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	$	999	$	1	$	1,996	$	4	$	2,995	$	5
Municipal obligations	1,391		2		412		2		1,803		4
Asset-backed securities	—		—		1,173		50		1,173		50
Collateralized mortgage obligations - government issued	730		1		2,731		20		3,461		21
Collateralized mortgage obligations - government-sponsored enterprises	6,602		20		961		7		7,563		27
	$	9,722	$	24	$	7,273	$	83	$	16,995	$	107



	As of December 31, 2015
	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	$	3,536	$	13	$	1,981	$	19	$	5,517	$	32
Municipal obligations	2,403		7		—		—		2,403		7
Asset-backed securities	1,269		$	58	—		—		1,269		58
Collateralized mortgage obligations - government issued	3,373		19		5,687		97		9,060		116
Collateralized mortgage obligations - government-sponsored enterprises	59,992		373		1,717		43		61,709		416
	$	70,573	$	470	$	9,385	$	159	$	79,958	$	629

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



	As of June 30, 2016
	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	$	—	$	—		$	—	$	—	$	—	$	—
Municipal obligations	264		(2		)	—		—		264		(2		)
Collateralized mortgage obligations - government issued	—		—			—		—		—		—
Collateralized mortgage obligations - government-sponsored enterprises	—		—			—		—		—		—
	$	264	$	(2	)	$	—	$	—	$	264	$	(2	)



	As of December 31, 2015
	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	$	—	$	—	$	1,000	$	11	$	1,000	$	11
Municipal obligations	436		4		199		1		635		5
Collateralized mortgage obligations - government issued	6,518		41		—		—		6,518		41
Collateralized mortgage obligations - government-sponsored enterprises	5,168		44		—		—		5,168		44
	$	12,122	$	89	$	1,199	$	12	$	13,321	$	101

- Definition

Tabular disclosure of all investments in certain debt and equity securities for which the entity has the positive intent and ability to hold until maturity.

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