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Securities (Tables)
 6 Months Ended
Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]  
Schedule of Classification of Available for Sale Securities Investment
The following tables summarize securities available-for-sale as of June 30, 2016 and December 31, 2015.
 
 
June 30, 2016
 
 
Amortized
 
Gross Unrealized
 
Fair
 
 
Cost
 
Gains
 
Losses
 
Value
Securities available-for-sale
 
 

 
 

 
 

 
 

U.S. Government-sponsored agencies
 
$
75,133

 
$
701

 
$
(156
)
 
$
75,678

Municipal securities
 
78,594

 
2,227

 
(23
)
 
80,798

Mortgage-backed securities
 
233,886

 
2,147

 
(122
)
 
235,911

Asset-backed securities
 
19,457

 
—

 
(125
)
 
19,332

Corporate securities
 
20,000

 
—

 
(926
)
 
19,074

Other securities
 
3,000

 
13

 
—

 
3,013

Total available-for-sale
 
$
430,070

 
$
5,088

 
$
(1,352
)
 
$
433,806

 
 
 
December 31, 2015
 
 
Amortized
 
Gross Unrealized
 
Fair
 
 
Cost
 
Gains
 
Losses
 
Value
Securities available-for-sale
 
 

 
 

 
 

 
 

U.S. Government-sponsored agencies
 
$
38,093

 
$
139

 
$
(482
)
 
$
37,750

Municipal securities
 
21,091

 
385

 
(7
)
 
21,469

Mortgage-backed securities
 
113,948

 
110

 
(1,006
)
 
113,052

Asset-backed securities
 
19,444

 
—

 
(83
)
 
19,361

Corporate securities
 
20,000

 
—

 
(913
)
 
19,087

Other securities
 
3,000

 
—

 
(21
)
 
2,979

Total available-for-sale
 
$
215,576

 
$
634

 
$
(2,512
)
 
$
213,698
Available-for-sale Securities
The carrying value of securities at June 30, 2016 is shown below by their contractual maturity date. Actual maturities will differ because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
 
 
Available-for-Sale
 
 
Amortized
Cost
 
Fair
Value
Within one year
 
$
—

 
$
—

One to five years
 
400

 
362

Five to ten years
 
32,047

 
31,904

After ten years
 
141,280

 
143,284

 
 
173,727

 
175,550

Mortgage-backed securities
 
233,886

 
235,911

Asset-backed securities
 
19,457

 
19,332

Other securities
 
3,000

 
3,013

Total
 
$
430,070

 
$
433,806
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value
The following tables show the available-for-sale securities portfolio’s gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2016 and December 31, 2015. 
 
 
June 30, 2016
 
 
Less Than 12 Months
 
12 Months or Longer
 
Total
 
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
Securities available-for-sale
 
 

 
 

 
 

 
 

 
 

 
 

U.S. Government-sponsored agencies
 
$
19,171

 
$
(116
)
 
$
4,043

 
$
(40
)
 
$
23,214

 
$
(156
)
Municipal securities
 
2,241

 
(23
)
 
—

 
—

 
2,241

 
(23
)
Mortgage-backed securities
 
39,268

 
(122
)
 
—

 
—

 
39,268

 
(122
)
Asset-backed securities
 
9,806

 
(43
)
 
9,526

 
(82
)
 
19,332

 
(125
)
Corporate securities
 
4,904

 
(95
)
 
14,170

 
(831
)
 
19,074

 
(926
)
Total
 
$
75,390

 
$
(399
)
 
$
27,739

 
$
(953
)
 
$
103,129

 
$
(1,352
)
 
 
 
December 31, 2015
 
 
Less Than 12 Months
 
12 Months or Longer
 
Total
 
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
Securities available-for-sale
 
 

 
 

 
 

 
 

 
 

 
 

U.S. Government-sponsored agencies
 
$
18,289

 
$
(237
)
 
$
8,537

 
$
(245
)
 
$
26,826

 
$
(482
)
Municipal securities
 
1,026

 
(7
)
 
—

 
—

 
1,026

 
(7
)
Mortgage-backed securities
 
74,198

 
(562
)
 
22,655

 
(444
)
 
96,853

 
(1,006
)
Asset-backed securities
 
19,361

 
(83
)
 
—

 
—

 
19,361

 
(83
)
Corporate securities
 
19,087

 
(913
)
 
—

 
—

 
19,087

 
(913
)
Other securities
 
2,979

 
(21
)
 
—

 
—

 
2,979

 
(21
)
Total
 
$
134,940

 
$
(1,823
)
 
$
31,192

 
$
(689
)
 
$
166,132

 
$
(2,512
)
Reclassification out of Accumulated Other Comprehensive Income
Amounts reclassified from accumulated other comprehensive income (loss) and the affected line items in the consolidated statements of income during the three and six months ended June 30, 2016 were as follows:
Details About Accumulated Other Comprehensive Income Components
 
Amounts Reclassified from
Accumulated Other Comprehensive Income for the
 
Affected Line Item in the
Statements of Income
 
Three Months Ended June 30, 2016
 
Six Months Ended June 30, 2016
 
Unrealized gains and losses on securities available-for-sale
 
 

 
 

 
 
Gain realized in earnings
 
$
177

 
$
177

 
Gain on sale of securities
Total reclassified amount before tax
 
177

 
177

 
Income Before Income Taxes
Tax expense
 
60

 
60

 
Income Tax Provision
Total reclassifications out of accumulated other comprehensive income
 
$
117

 
$
117

 
Net Income