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Securities | 3 Months Ended
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Mar. 31, 2016
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, 2016 and December 31, 201 5 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, 2016 (unaudited) |  |  |  |  |  |  |  |  |  |  |  |
﻿Issued by U.S. government-sponsored entities and agencies: |  |  |  |  |  |  |  |  |  |  |  |
﻿U.S. Treasury |  | $ | 8,566 |  | $ | 63 |  | $ | 1 |  | $ | 8,628
﻿Mortgage-backed securities - residential |  |  | 432 |  |  | 17 |  |  | - |  |  | 449
﻿Collateralized mortgage obligations |  |  | 283 |  |  | 12 |  |  | - |  |  | 295
﻿Total |  | $ | 9,281 |  | $ | 92 |  | $ | 1 |  | $ | 9,372
﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  | Gross |  | Gross |  |  |
﻿ |  | Amortized |  | Unrealized |  | Unrealized |  | Fair
﻿ |  | Cost |  | Gains |  | Losses |  | Value
﻿December 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |
﻿Issued by U.S. government-sponsored entities and agencies: |  |  |  |  |  |  |  |  |  |  |  |
﻿U.S. Treasury |  | $ | 8,575 |  | $ | 4 |  | $ | 43 |  | $ | 8,536
﻿Mortgage-backed securities - residential |  |  | 463 |  |  | 18 |  |  | - |  |  | 481
﻿Collateralized mortgage obligations |  |  | 339 |  |  | 12 |  |  | - |  |  | 351
﻿Total |  | $ | 9,377 |  | $ | 34 |  | $ | 43 |  | $ | 9,368
﻿ There was no other-than-temporary impairment recognized in accumulated other comprehensive income (loss) for securities available for sale at March 31, 2016 or March 31, 20 15. There were no sales of securities for the three months ended March 31, 2016 or March 31, 201 5; however, there was an early redemption of a municipal security during the first quarter of 2015 which is reflected in net gain (loss) on sales of securities. ﻿ The amortized cost and fair value of debt securities at March 31, 2016 and December 31, 2015 are shown in the table below 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, 2016 |  |  | December 31, 2015
﻿ |  | (unaudited) |  |  |  |  |  |
﻿ |  | Amortized |  | Fair |  | Amortized |  | Fair
﻿ |  | Cost |  | Value |  | Cost |  | Value
﻿Due in one year or less |  | $ | 1,002 |  | $ | 1,002 |  | $ | 1,002 |  | $ | 1,000
﻿Due from one to five years |  |  | 7,564 |  |  | 7,626 |  |  | 7,573 |  |  | 7,536
﻿Mortgage-backed securities |  |  | 432 |  |  | 449 |  |  | 463 |  |  | 481
﻿Collateralized mortgage obligations |  |  | 283 |  |  | 295 |  |  | 339 |  |  | 351
﻿ Total |  | $ | 9,281 |  | $ | 9,372 |  | $ | 9,377 |  | $ | 9,368
﻿ ﻿ ﻿ Fair value of securities pledged was as follows: ﻿
﻿ |  |  |  |  |
﻿ | March 31, 2016 |  | December 31, 2015
﻿ | (unaudited) |  |  |
﻿Pledged as collateral for: |  |  |  |  |
﻿FHLB advances | $ | 3,491 |  | $ | 3,530
﻿Public deposits |  | 2,064 |  |  | 2,055
﻿Interest-rate swaps |  | 243 |  |  | 261
﻿Total | $ | 5,798 |  | $ | 5,846
﻿ At March 31, 2016 and December 31, 201 5, 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, 2016 and December 31, 201 5 aggregated by major security type and length of time in a continuous unrealized loss position. ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿March 31, 2016 (unaudited) |  | Less than 12 Months |  | 12 Months or More |  | Total
﻿Description of Securities |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss
﻿Issued by U.S. government-sponsored entities and agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿U.S. Treasury |  | $ | 1,518 |  | $ | 1 |  | $ | - |  | $ | - |  | $ | 1,518 |  | $ | 1
﻿Mortgage-backed securities - residential |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
﻿Collateralized mortgage obligations |  |  | 3 |  |  | - |  |  | - |  |  | - |  |  | 3 |  |  | -
﻿Total temporarily impaired |  | $ | 1,521 |  | $ | 1 |  | $ | - |  | $ | - |  | $ | 1,521 |  | $ | 1
﻿ ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿December 31, 2015 |  | Less than 12 Months |  | 12 Months or More |  | Total
﻿Description of Securities |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss
﻿Issued by U.S. government-sponsored entities and agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿U.S. Treasury |  | $ | 6,541 |  | $ | 43 |  | $ | - |  | $ | - |  | $ | 6,541 |  | $ | 43
﻿Mortgage-backed securities - residential |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
﻿Collateralized mortgage obligations |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
﻿Total temporarily impaired |  | $ | 6,541 |  | $ | 43 |  | $ | - |  | $ | - |  | $ | 6,541 |  | $ | 43
﻿ The unrealized losses in U.S Treasuries at March 31, 2016 are related to two securities. The unrealized losses in U.S. Treasuries at December 31, 2015 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, 2016 and December 31, 2015. ﻿

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