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Securities | 9 Months Ended
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Sep. 30, 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 September 30, 2016 and December 31, 2015 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
﻿September 30, 2016 (unaudited) |  |  |  |  |  |  |  |  |  |  |  |
﻿Issued by U.S. government-sponsored entities and agencies: |  |  |  |  |  |  |  |  |  |  |  |
﻿U.S. Treasury |  | $ | 8,548 |  | $ | 61 |  | $ | - |  | $ | 8,609
﻿Mortgage-backed securities - residential |  |  | 375 |  |  | 17 |  |  | - |  |  | 392
﻿Collateralized mortgage obligations |  |  | 217 |  |  | 8 |  |  | - |  |  | 225
﻿Total |  | $ | 9,140 |  | $ | 86 |  | $ | - |  | $ | 9,226
﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  | 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 September 30, 2016 or September 30, 2015. ﻿ There were no sales of securities for the three and nine months ended September 30, 2016 or September 30, 2015; 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 September 30, 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. ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | September 30, 2016 |  |  | December 31, 2015
﻿ |  | (unaudited) |  |  |  |  |  |
﻿ |  | Amortized |  | Fair |  | Amortized |  | Fair
﻿ |  | Cost |  | Value |  | Cost |  | Value
﻿Due in one year or less |  | $ | 3,014 |  | $ | 3,015 |  | $ | 1,002 |  | $ | 1,000
﻿Due from one to five years |  |  | 5,534 |  |  | 5,594 |  |  | 7,573 |  |  | 7,536
﻿Mortgage-backed securities - residential |  |  | 375 |  |  | 392 |  |  | 463 |  |  | 481
﻿Collateralized mortgage obligations |  |  | 217 |  |  | 225 |  |  | 339 |  |  | 351
﻿ Total |  | $ | 9,140 |  | $ | 9,226 |  | $ | 9,377 |  | $ | 9,368
﻿ ﻿ ﻿ Fair value of securities pledged was as follows: ﻿
﻿ |  |  |  |  |
﻿ | September 30, 2016 |  | December 31, 2015
﻿ | (unaudited) |  |  |
﻿Pledged as collateral for: |  |  |  |  |
﻿FHLB advances | $ | 3,390 |  | $ | 3,530
﻿Public deposits |  | 2,053 |  |  | 2,055
﻿Interest-rate swaps |  | 214 |  |  | 261
﻿Total | $ | 5,657 |  | $ | 5,846
﻿ At September 30, 2016 and December 31, 2015, 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 September 30, 2016 and December 31, 2015 aggregated by major security type and length of time in a continuous unrealized loss position. ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿September 30, 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) |  | $ | 1,512 |  | $ | - |  | $ | - |  | $ | - |  | $ | 1,512 |  | $ | -
﻿Mortgage-backed securities - residential |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
﻿Collateralized mortgage obligations |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
﻿Total temporarily impaired |  | $ | 1,512 |  | $ | - |  | $ | - |  | $ | - |  | $ | 1,512 |  | $ | -
﻿
| (1) |  | Securities with an unrealized loss were less than $1 resulting in rounding to zero
﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿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 September 30, 2016 and 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 December 31, 2015. ﻿

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