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Securities (Tables)
 6 Months Ended
Jun. 30, 2017
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-sale Securities
The amortized cost and 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, 2017
 
 
Amortized Cost
 
Gross
Unrealized Gains
 
Gross
Unrealized Losses
 
Fair Value
 
 
(In Thousands)
Available-for-sale:
 
 
 
 
 
 
 
 
U.S. Government agency obligations - government-sponsored enterprises
 
$
5,299

 
$
12

 
$
(5
)
 
$
5,306

Municipal obligations
 
7,692

 
8

 
(30
)
 
7,670

Asset-backed securities
 
1,018

 
—

 
(9
)
 
1,009

Collateralized mortgage obligations - government issued
 
25,046

 
336

 
(148
)
 
25,234

Collateralized mortgage obligations - government-sponsored enterprises
 
98,320

 
137

 
(842
)
 
97,615

 
 
$
137,375

 
$
493

 
$
(1,034
)
 
$
136,834


 
 
As of December 31, 2016
 
 
Amortized Cost
 
Gross
Unrealized Gains
 
Gross
Unrealized Losses
 
Fair Value
 
 
(In Thousands)
Available-for-sale:
 
 
 
 
 
 
 
 
U.S. Government agency obligations - government-sponsored enterprises
 
$
6,298

 
$
7

 
$
(10
)
 
$
6,295

Municipal obligations
 
8,246

 
2

 
(92
)
 
8,156

Asset-backed securities
 
1,116

 
—

 
(35
)
 
1,081

Collateralized mortgage obligations - government issued
 
30,936

 
423

 
(146
)
 
31,213

Collateralized mortgage obligations - government-sponsored enterprises
 
99,865

 
252

 
(969
)
 
99,148

 
 
$
146,461

 
$
684

 
$
(1,252
)
 
$
145,893
Schedule of Held-to-maturity Securities
The amortized cost and fair value of securities held-to-maturity and the corresponding amounts of gross unrealized gains and losses were as follows:

 
 
As of June 30, 2017
 
 
Amortized Cost
 
Gross
Unrealized Gains
 
Gross
Unrealized Losses
 
Fair Value
 
 
(In Thousands)
Held-to-maturity:
 
 
 
 
 
 
 
 
U.S. Government agency obligations - government-sponsored enterprises
 
$
1,498

 
$
1

 
$
(5
)
 
$
1,494

Municipal obligations
 
21,953

 
398

 
(13
)
 
22,338

Collateralized mortgage obligations - government issued
 
8,198

 
19

 
(27
)
 
8,190

Collateralized mortgage obligations - government-sponsored enterprises
 
6,157

 
11

 
(38
)
 
6,130

 
 
$
37,806

 
$
429

 
$
(83
)
 
$
38,152



 
 
As of December 31, 2016
 
 
Amortized Cost
 
Gross
Unrealized Gains
 
Gross
Unrealized Losses
 
Fair Value
 
 
(In Thousands)
Held-to-maturity:
 
 
 
 
 
 
 
 
U.S. Government agency obligations - government-sponsored enterprises
 
$
1,497

 
$
2

 
$
(5
)
 
$
1,494

Municipal obligations
 
21,173

 
62

 
(78
)
 
21,157

Collateralized mortgage obligations - government issued
 
9,148

 
17

 
(38
)
 
9,127

Collateralized mortgage obligations - government-sponsored enterprises
 
6,794

 
6

 
(58
)
 
6,742

 
 
$
38,612

 
$
87

 
$
(179
)
 
$
38,520
Investments Classified by Contractual Maturity
The amortized cost and fair value of securities by contractual maturity at June 30, 2017 are shown below. Actual maturities may differ from contractual maturities because issuers have the right to call or prepay certain obligations with or without call or prepayment penalties.
 
 
Available-for-Sale
 
Held-to-Maturity
 
 
Amortized Cost
 
Fair Value
 
Amortized Cost
 
Fair Value
 
 
(In Thousands)
Due in one year or less
 
$
7,250

 
$
7,242

 
$
—

 
$
—

Due in one year through five years
 
13,409

 
13,422

 
11,191

 
11,313

Due in five through ten years
 
56,104

 
56,171

 
12,302

 
12,533

Due in over ten years
 
60,612

 
59,999

 
14,313

 
14,306

 
 
$
137,375

 
$
136,834

 
$
37,806

 
$
38,152
Schedule of Unrealized Loss on Investments
A summary of unrealized loss information for securities held-to-maturity, 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, 2017
 
 
Less than 12 Months
 
12 Months or Longer
 
Total
 
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
 
(In Thousands)
Held-to-maturity:
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government agency obligations - government-sponsored enterprises
 
$
1,000

 
$
5

 
$
—

 
$
—

 
$
1,000

 
$
5

Municipal obligations
 
1,257

 
8

 
261

 
5

 
1,518

 
13

Collateralized mortgage obligations - government issued
 
4,177

 
15

 
796

 
12

 
4,973

 
27

Collateralized mortgage obligations - government-sponsored enterprises
 
2,260

 
19

 
2,042

 
19

 
4,302

 
38

 
 
$
8,694

 
$
47

 
$
3,099

 
$
36

 
$
11,793

 
$
83



 
 
As of December 31, 2016
 
 
Less than 12 Months
 
12 Months or Longer
 
Total
 
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
 
(In Thousands)
Held-to-maturity:
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government agency obligations - government-sponsored enterprises
 
$
1,000

 
$
5

 
$
—

 
$
—

 
$
1,000

 
$
5

Municipal obligations
 
9,472

 
78

 
—

 
—

 
9,472

 
78

Collateralized mortgage obligations - government issued
 
6,980

 
38

 
—

 
—

 
6,980

 
38

Collateralized mortgage obligations - government-sponsored enterprises
 
4,682

 
58

 
—

 
—

 
4,682

 
58

 
 
$
22,134

 
$
179

 
$
—

 
$
—

 
$
22,134

 
$
179

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, 2017
 
 
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
 
$
4,295

 
$
5

 
$
—

 
$
—

 
$
4,295

 
$
5

Municipal obligations
 
4,956

 
28

 
756

 
2

 
5,712

 
30

Asset-backed securities
 
—

 
—

 
1,009

 
9

 
1,009

 
9

Collateralized mortgage obligations - government issued
 
9,159

 
134

 
452

 
14

 
9,611

 
148

Collateralized mortgage obligations - government-sponsored enterprises
 
63,427

 
696

 
8,049

 
146

 
71,476

 
842

 
 
$
81,837

 
$
863

 
$
10,266

 
$
171

 
$
92,103

 
$
1,034


 
 
As of December 31, 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
 
$
1,991

 
$
10

 
$
—

 
$
—

 
$
1,991

 
$
10

Municipal obligations
 
7,207

 
89

 
406

 
3

 
7,613

 
92

Asset-backed securities
 
—

 
$
—

 
1,081

 
35

 
1,081

 
35

Collateralized mortgage obligations - government issued
 
10,552

 
130

 
493

 
16

 
11,045

 
146

Collateralized mortgage obligations - government-sponsored enterprises
 
54,843

 
931

 
1,819

 
38

 
56,662

 
969

 
 
$
74,593

 
$
1,160

 
$
3,799

 
$
92

 
$
78,392

 
$
1,252