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Securities (Tables)
 9 Months Ended
Sep. 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 September 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
 
$
3,799

 
$
11

 
$
(3
)
 
$
3,807

Municipal obligations
 
9,342

 
13

 
(23
)
 
9,332

Collateralized mortgage obligations - government issued
 
22,750

 
301

 
(149
)
 
22,902

Collateralized mortgage obligations - government-sponsored enterprises
 
95,608

 
165

 
(684
)
 
95,089

 
 
$
131,499

 
$
490

 
$
(859
)
 
$
131,130


 
 
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 September 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

 
$
—

 
$
(5
)
 
$
1,493

Municipal obligations
 
21,928

 
443

 
(14
)
 
22,357

Collateralized mortgage obligations - government issued
 
9,601

 
16

 
(33
)
 
9,584

Collateralized mortgage obligations - government-sponsored enterprises
 
5,846

 
12

 
(18
)
 
5,840

 
 
$
38,873

 
$
471

 
$
(70
)
 
$
39,274



 
 
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 September 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
 
$
6,785

 
$
6,783

 
$
—

 
$
—

Due in one year through five years
 
13,156

 
13,194

 
11,177

 
11,326

Due in five through ten years
 
48,051

 
48,168

 
13,258

 
13,495

Due in over ten years
 
63,507

 
62,985

 
14,438

 
14,453

 
 
$
131,499

 
$
131,130

 
$
38,873

 
$
39,274
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 September 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
 
$
800

 
$
—

 
$
1,997

 
$
3

 
$
2,797

 
$
3

Municipal obligations
 
1,916

 
9

 
3,011

 
14

 
4,927

 
23

Collateralized mortgage obligations - government issued
 
3,679

 
14

 
6,185

 
135

 
9,864

 
149

Collateralized mortgage obligations - government-sponsored enterprises
 
32,752

 
121

 
31,883

 
563

 
64,635

 
684

 
 
$
39,147

 
$
144

 
$
43,076

 
$
715

 
$
82,223

 
$
859


 
 
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

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 September 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
 
853

 
11

 
260

 
3

 
1,113

 
14

Collateralized mortgage obligations - government issued
 
2,806

 
8

 
3,804

 
25

 
6,610

 
33

Collateralized mortgage obligations - government-sponsored enterprises
 
—

 
—

 
1,927

 
18

 
1,927

 
18

 
 
$
4,659

 
$
24

 
$
5,991

 
$
46

 
$
10,650

 
$
70



 
 
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