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Investment Securities (Tables)
 9 Months Ended
Sep. 30, 2014
Investments, Debt and Equity Securities [Abstract]  
Comparison of Amortized Cost and Fair Value of Securities Available for Sale
Following is a comparison of the amortized cost and fair value of securities available-for-sale, as of September 30, 2014 and December 31, 2013:
(In thousands)
 Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value (Carrying Amount)
September 30, 2014
 
 
 
Securities available for sale:
 
 
 
U.S. Government agencies
$
12,595

 
$
412

 
$
—

 
$
13,007

U.S. Government collateralized mortgage obligations
32,588

 
343

 
(105
)
 
32,826

Mutual Funds
4,000

 
—

 
(209
)
 
3,791

Total securities available for sale
$
49,183

 
$
755

 
$
(314
)
 
$
49,624

 
 Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value (Carrying Amount)
December 31, 2013
 
 
 
Securities available for sale:
 
 
 
U.S. Government agencies
$
14,060

 
$
441

 
$
—

 
$
14,501

U.S. Government collateralized mortgage obligations
25,029

 
434

 
(78
)
 
25,385

Mutual Funds
4,000

 
—

 
(270
)
 
3,730

Total securities available for sale
$
43,089

 
$
875

 
$
(348
)
 
$
43,616
Contractual Maturities on Collateralized Mortgage Obligation
The amortized cost and fair value of securities available for sale at September 30, 2014, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because issuers have the right to call or prepay obligations with or without call or prepayment penalties. Contractual maturities on collateralized mortgage obligations cannot be anticipated due to allowed paydowns. Mutual funds are included in the "due in one year or less" category below.
 
September 30, 2014
 
Amortized Cost
 
Fair Value (Carrying Amount)
(In thousands)
 
Due in one year or less
$
4,000

 
$
3,791

Due after one year through five years
34

 
35

Due after five years through ten years
—

 
—

Due after ten years
12,561

 
12,972

Collateralized mortgage obligations
32,588

 
32,826

 
$
49,183

 
$
49,624
Temporarily Impaired Investment Securities
The following summarizes temporarily impaired investment securities:

(In thousands)
Less than 12 Months
 
12 Months or More
 
Total
September 30, 2014
Fair Value (Carrying Amount)
 
 Unrealized Losses
 
Fair Value (Carrying Amount)
 
 Unrealized Losses
 
Fair Value (Carrying Amount)
 
 Unrealized Losses
Securities available for sale:
 
 
 
 
 
U.S. Government agencies
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

U.S. Government agency collateral mortgage obligations
14,660

 
(105
)
 
—

 
—

 
14,660

 
(105
)
Mutual Funds
—

 
—

 
3,791

 
(209
)
 
3,791

 
(209
)
Total impaired securities
$
14,660

 
$
(105
)
 
$
3,791

 
$
(209
)
 
$
18,451

 
$
(314
)
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2013
 

 
 

 
 

 
 

 
 

 
 

Securities available for sale:
 

 
 

 
 

 
 

 
 

 
 

U.S. Government agencies
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

U.S. Government agency collateral mortgage obligations
11,069

 
(78
)
 
—

 
—

 
11,069

 
(78
)
Mutual Funds
—

 
—

 
3,730

 
(270
)
 
3,730

 
(270
)
Total impaired securities
$
11,069

 
$
(78
)
 
$
3,730

 
$
(270
)
 
$
14,799

 
$
(348
)