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Securities | 3 Months Ended
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Mar. 31, 2014
Securities [Abstract] |
SECURITIES | NOTE 3 – SECURITIES The following table summarizes the amortized cost and fair value of the available-for-sale securities portfolio at March 31, 2014 and December 31, 2013 and the corresponding amounts of unrealized gains and losses recognized in accumulated other comprehensive income (loss):
|  |  |  |  | Gross |  | Gross |  |  |
|  | Amortized |  | Unrealized |  | Unrealized |  | Fair
|  | Cost |  | Gains |  | Losses |  | Value
March 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt |  | $ | 4,343 |  | $ | 13 |  | $ | 5 |  | $ | 4,351
State and municipal |  |  | 1,918 |  |  | - |  |  | 29 |  |  | 1,889
Issued by U.S. government-sponsored entities and agencies: |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities - residential |  |  | 840 |  |  | 42 |  |  | - |  |  | 882
Collateralized mortgage obligations |  |  | 1,899 |  |  | 53 |  |  | - |  |  | 1,952
Total |  | $ | 9,000 |  | $ | 108 |  | $ | 34 |  | $ | 9,074
|  |  |  |  | Gross |  | Gross |  |  |
|  | Amortized |  | Unrealized |  | Unrealized |  | Fair
|  | Cost |  | Gains |  | Losses |  | Value
December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt |  | $ | 4,360 |  | $ | 11 |  | $ | 8 |  | $ | 4,363
State and municipal |  |  | 1,926 |  |  | - |  |  | 7 |  |  | 1,919
Issued by U.S. government-sponsored entities and agencies: |  |  |  |  |  |  |  |  |  |  |  | -
Mortgage-backed securities - residential |  |  | 934 |  |  | 49 |  |  | - |  |  | 983
Collateralized mortgage obligations |  |  | 2,354 |  |  | 53 |  |  | - |  |  | 2,407
Total |  | $ | 9,574 |  | $ | 113 |  | $ | 15 |  | $ | 9,672
There was no other-than-temporary impairment recognized in accumulated other comprehensive income (loss) for securities available for sale at March 31, 2014 or March 31, 2013. There were no sales of securities for the three months ended March 31, 2014 or March 31, 2013. The amortized cost and fair value of debt securities at March 31, 2014 are shown by contractual maturity. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.
|  |  | March 31, 2014 |  |  | December 31, 2013
|  |  | Amortized |  |  | Fair |  |  | Amortized |  |  | Fair
|  |  | Cost |  | Value |  |  | Cost |  |  | Value
Due in one year or less |  | $ | 2,379 |  | $ | 2,373 |  | $ | 2,386 |  | $ | 2,379
Due from one to five years |  |  | 3,882 |  |  | 3,867 |  |  | 3,900 |  |  | 3,903
Mortgage-backed securities |  |  | 840 |  |  | 882 |  |  | 934 |  |  | 983
Collateralized mortgage obligations |  |  | 1,899 |  |  | 1,952 |  |  | 2,354 |  |  | 2,407
Total |  | $ | 9,000 |  | $ | 9,074 |  | $ | 9,574 |  | $ | 9,672
Fair value of securities pledged was as follows:
| March 31, |  | December 31,
| 2014 |  | 2013
Pledged as collateral for: |  |  |  |  |
FHLB advances | $ | 1,789 |  | $ | 2,024
Public deposits |  | 604 |  |  | 905
Interest-rate swaps |  | 422 |  |  | 443
Total | $ | 2,815 |  | $ | 3,372
At March 31, 2014 and December 31, 2013, there were no holdings of securities of any one issuer, other than U.S. government-sponsored entities and agencies, in an amount greater than 10% of stockholders’ equity. The following table summarizes securities with unrealized losses at March 31, 2014 and December 31, 2013 aggregated by major security type and length of time in a continuous unrealized loss position.
March 31, 2014 |  | Less than 12 Months |  | 12 Months or More |  | Total
Description of Securities |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss
Corporate debt |  | $ | 238 |  | $ | - |  | $ | 1,001 |  | $ | 5 |  | $ | 1,239 |  | $ | 5
State and municipal |  |  | 1,011 |  |  | 1 |  |  | 878 |  |  | 28 |  |  | 1,889 |  |  | 29
Total temporarily impaired |  | $ | 1,249 |  | $ | 1 |  | $ | 1,879 |  | $ | 33 |  | $ | 3,128 |  | $ | 34
December 31, 2013 |  | Less than 12 Months |  | 12 Months or More |  | Total
Description of Securities |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss
Corporate debt |  | $ | 239 |  | $ | 1 |  | $ | 1,002 |  | $ | 7 |  | $ | 1,241 |  | $ | 8
State and municipal |  |  | 1,015 |  |  | 1 |  |  | 904 |  |  | 6 |  |  | 1,919 |  |  | 7
Total temporarily impaired |  | $ | 1,254 |  | $ | 2 |  | $ | 1,906 |  | $ | 13 |  | $ | 3,160 |  | $ | 15
The unrealized losses in Corporate debt and State and municipal securities at March 31, 2014 and December 31, 2013, are related to multiple securities. Because the decline in fair value is attributable to changes in market conditions, and not credit quality, and because the Company does not have the intent to sell these securities and it is likely that it will not be required to sell these securities before their anticipated recovery, the Company did not consider these securities to be other-than-temporarily impaired at March 31, 2014 and December 31, 2013. There was no unrealized loss in Collateralized mortgage obligations at March 31, 2014 and December 31, 2013.

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- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 115 -Paragraph 3, 19, 20, 21, 22, 137 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -Glossary Debt Security -URI http://asc.fasb.org/extlink&oid=6509901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6379141&loc=d3e15032-111544 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27161-111563 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27357-111563 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27405-111563 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27232-111563 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -Glossary Equity Security -URI http://asc.fasb.org/extlink&oid=6511694 + Details
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