XML 26 R12.htm IDEA: XBRL DOCUMENT

Mortgage-Backed Securities

3 Months Ended

Dec. 31, 2011

6.	MORTGAGE-BACKED SECURITIES

Mortgage-backed securities held to maturity consisted of the following (in thousands):

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
December 31, 2011
FHLMC mortgage-backed securities	$	72	$	4	$	-	$	76
FNMA mortgage-backed securities		105		1		-		106
Total	$	177	$	5	$	-	$	182
March 31, 2011
FHLMC mortgage-backed securities	$	78	$	4	$	-	$	82
FNMA mortgage-backed securities		112		5		-		117
Total	$	190	$	9	$	-	$	199

The contractual maturities of mortgage-backed securities classified as held to maturity are as follows (in thousands):

December 31, 2011	Amortized Cost		Estimated Fair Value
Due in one year or less	$	-	$	-
Due after one year through five years		4		4
Due after five years through ten years		-		-
Due after ten years		173		178
Total	$	177	$	182

Mortgage-backed securities held to maturity with an amortized cost of $71,000 and $76,000 and a fair value of $73,000 and $80,000 at December 31, 2011 and March 31, 2011, respectively, were pledged as collateral for governmental public funds held by the Bank. Mortgage-backed securities held to maturity with an amortized cost of $93,000 and $98,000 and a fair value of $96,000 and $103,000 at December 31, 2011 and March 31, 2011, respectively, were pledged as collateral for treasury tax and loan funds held by the Bank.

Mortgage-backed securities available for sale consisted of the following (in thousands):

December 31, 2011	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Real estate mortgage investment conduits	$	343	$	11	$	-	$	354
FHLMC mortgage-backed securities		754		27		-		781
FNMA mortgage-backed securities		10		1		-		11
Total	$	1,107	$	39	$	-	$	1,146
March 31, 2011
Real estate mortgage investment conduits	$	421	$	12	$	-	$	433
FHLMC mortgage-backed securities		1,270		34		-		1,304
FNMA mortgage-backed securities		38		2		-		40
Total	$	1,729	$	48	$	-	$	1,777

The contractual maturities of mortgage-backed securities available for sale are as follows (in thousands):

December 31, 2011	Amortized Cost		Estimated Fair Value
Due in one year or less	$	-	$	-
Due after one year through five years		868		902
Due after five years through ten years		-		-
Due after ten years		239		244
Total	$	1,107	$	1,146

Mortgage-backed securities available for sale with an amortized cost of $861,000 and $178,000 and a fair value of $895,000 and $187,000 at December 31, 2011 and March 31, 2011, respectively, were pledged as collateral for government public funds held by the Bank. Mortgage-backed securities available for sale with an amortized cost of $71,000 and $128,000 and a fair value of $72,000 and $131,000 at December 31, 2011 and March 31, 2011, respectively, were pledged as collateral for treasury tax and loan funds held by the Bank.