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Securities | 12 Months Ended
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Dec. 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 December 31, 201 6 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
﻿December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |
﻿Issued by U.S. government-sponsored entities and agencies: |  |  |  |  |  |  |  |  |  |  |  |
﻿U.S. Treasury |  | $ | 13,521 |  | $ | 11 |  | $ | 27 |  | $ | 13,505
﻿Mortgage-backed securities - residential |  |  | 345 |  |  | 12 |  |  | - |  |  | 357
﻿Collateralized mortgage obligations |  |  | 189 |  |  | 7 |  |  | - |  |  | 196
﻿Total |  | $ | 14,055 |  | $ | 30 |  | $ | 27 |  | $ | 14,058
﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  | 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 December 31, 201 6 or December 31, 201 5. The re were no sales of securities for the years ended December 31, 2016 or December 31, 2015; however, there was an early redemption of a municipal security during the first quarter of 2015 which is reflected in net loss on sales of securities. The amortized cost and fair value of debt securities at December 31, 201 6 and December 31, 2015 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.
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | December 31, 2016 |  | December 31, 2015
﻿ |  | Amortized |  | Fair |  | Amortized |  | Fair
﻿ |  | Cost |  | Value |  | Cost |  | Value
﻿Due in one year or less |  | $ | 2,518 |  | $ | 2,518 |  | $ | 1,002 |  | $ | 1,000
﻿Due from one to five years |  |  | 11,003 |  |  | 10,987 |  |  | 7,573 |  |  | 7,536
﻿Mortgage-backed securities - residential |  |  | 345 |  |  | 357 |  |  | 463 |  |  | 481
﻿Collateralized mortgage obligations |  |  | 189 |  |  | 196 |  |  | 339 |  |  | 351
﻿ Total |  | $ | 14,055 |  | $ | 14,058 |  | $ | 9,377 |  | $ | 9,368
﻿ ﻿ ﻿ Fair value of securities pledged was as follows:
﻿ |  |  |  |  |  |
﻿ |  | 2016 |  | 2015
﻿Pledged as collateral for: |  |  |  |  |  |
﻿FHLB advances |  | $ | 2,327 |  | $ | 3,530
﻿Public deposits |  |  | 2,043 |  |  | 2,055
﻿Interest-rate swaps |  |  | 195 |  |  | 261
﻿Total |  | $ | 4,565 |  | $ | 5,846
﻿ ﻿ At year end 2016 and 2015, there were no holdings of securities of any one issuer, other than U.S. Treasuries and 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 December 31, 201 6 and December 31, 201 5 aggregated by major security type and length of time in a continuous unrealized loss position. ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿December 31, 2016 |  | 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 |  | $ | 10,492 |  | $ | 27 |  | $ | - |  | $ | - |  | $ | 10,492 |  | $ | 27
﻿Mortgage-backed securities - residential (1) |  |  | 1 |  |  | - |  |  | - |  |  | - |  |  | 1 |  |  | -
﻿Total temporarily impaired |  | $ | 10,493 |  | $ | 27 |  | $ | - |  | $ | - |  | $ | 10,493 |  | $ | 27
﻿
| (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 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
﻿Total temporarily impaired |  | $ | 6,541 |  | $ | 43 |  | $ | - |  | $ | - |  | $ | 6,541 |  | $ | 43
﻿ ﻿ The unrealized loss es in U.S. Treasuries and Mortgage-backed securities at December 31, 2016 and U.S. Treasuries at December 31, 201 5, 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 will unlikely 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, 201 6 and December 31, 201 5.

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