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Securities (Tables)

12 Months Ended

Dec. 31, 2018

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 December 31, 2018
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
		(In Thousands)
Available-for-sale:
U.S. government agency securities - government-sponsored enterprises		$	999			$	—			$	(9	)		$	990
Municipal securities		5,953				2				(69		)		5,886
Mortgage backed securities - government issued		20,007				47				(426		)		19,628
Mortgage backed securities - government-sponsored enterprises		110,928				279				(1,729		)		109,478
Other securities		2,450				—				(74		)		2,376
		$	140,337			$	328			$	(2,307	)		$	138,358

		As of December 31, 2017
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
		(In Thousands)
Available-for-sale:
U.S. government agency securities - government-sponsored enterprises		$	999			$	1			$	—			$	1,000
Municipal securities		9,494				2				(82		)		9,414
Mortgage backed securities - government issued		22,313				149				(213		)		22,249
Mortgage backed securities - government-sponsored enterprises		91,480				24				(1,199		)		90,305
Other securities		3,040				3				(6		)		3,037
		$	127,326			$	179			$	(1,500	)		$	126,005

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 December 31, 2018
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
		(In Thousands)
Held-to-maturity:
Municipal securities		$	21,066			$	72			$	(59	)		$	21,079
Mortgage backed securities - government issued		7,358				—				(172		)		7,186
Mortgage backed securities - government-sponsored enterprises		9,307				2				(165		)		9,144
		$	37,731			$	74			$	(396	)		$	37,409

		As of December 31, 2017
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
		(In Thousands)
Held-to-maturity:
U.S. government agency securities - government-sponsored enterprises		$	1,499			$	—			$	(9	)		$	1,490
Municipal securities		21,680				176				(34		)		21,822
Mortgage backed securities - government issued		9,072				1				(130		)		8,943
Mortgage backed securities - government-sponsored enterprises		5,527				—				(86		)		5,441
		$	37,778			$	177			$	(259	)		$	37,696

Realized gains and losses on sale of securities

Total proceeds and gross realized gains and losses from sales of securities available-for-sale were as follows:

		For the Year Ended December 31,
		2018				2017				2016
		(In Thousands)
Gross gains		$	22			$	92			$	10
Gross losses		(26		)		(495		)		—
Net (losses) gains on sale of available-for-sale securities		$	(4	)		$	(403	)		$	10
Proceeds from sale of available-for-sale securities		$	6,207			$	40,144			$	5,227

Investments Classified by Contractual Maturity

The amortized cost and fair value of securities by contractual maturity at December 31, 2018 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		$	1,801			$	1,800			$	771			$	771
Due in one year through five years		21,353				21,027				11,834				11,822
Due in five through ten years		26,957				26,536				19,053				18,839
Due in over ten years		90,226				88,995				6,073				5,977
		$	140,337			$	138,358			$	37,731			$	37,409

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:

		December 31, 2018
		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 securities - government-sponsored enterprises		$	—			$	—			$	990			$	9			$	990			$	9
Municipal securities		—				—				4,371				69				4,371				69
Mortgage backed securities - government issued		—				—				13,748				426				13,748				426
Mortgage backed securities - government-sponsored enterprises		8,178				46				69,602				1,683				77,780				1,729
Other securities		238				7				2,138				67				2,376				74
		$	8,416			$	53			$	90,849			$	2,254			$	99,265			$	2,307

		December 31, 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:
Municipal securities		$	6,132			$	43			$	2,755			$	39			$	8,887			$	82
Mortgage backed securities - government issued		7,104				40				6,715				173				13,819				213
Mortgage backed securities - government-sponsored enterprises		59,256				476				28,004				723				87,260				1,199
Other securities		1,954				6				—				—				1,954				6
		$	74,446			$	565			$	37,474			$	935			$	111,920			$	1,500

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:

		December 31, 2018
		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:
Municipal securities		$	6,876			$	14			$	4,364			$	45			$	11,240			$	59
Mortgage backed securities - government issued		—				—				7,186				172				7,186				172
Mortgage backed securities - government-sponsored enterprises		4,038				24				4,338				141				8,376				165
		$	10,914			$	38			$	15,888			$	358			$	26,802			$	396

		December 31, 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 securities - government-sponsored enterprises		$	—			$	—			$	1,499			$	9			$	1,499			$	9
Municipal securities		3,723				27				259				7				3,982				34
Mortgage backed securities - government issued		3,868				51				4,677				79				8,545				130
Mortgage backed securities - government-sponsored enterprises		—				—				5,527				86				5,527				86
		$	7,591			$	78			$	11,962			$	181			$	19,553			$	259

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