XML 26 R13.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Securities | 12 Months Ended
--- | ---
Dec. 31, 2016
Securities [Abstract] |
Securities | ﻿ Note 4 - Securities A summary of the amortized cost and fair value of securities, with gross unrealized gains and losses, follows:
﻿ |  |  |  |  |  |  |  |
﻿ |  | December 31, 2016
﻿ |  | Amortized |  | Gross Unrealized |  | Fair
﻿ |  | Cost |  | Gains |  | Losses |  | Value
Held-to-maturity |  |  |  |  |  |  |  |
﻿U.S. agency obligations |  | $3,299 |  | $65 |  | $(91) |  | $3,273
﻿ |  |  |  |  |  |  |  |
Available-for-sale |  |  |  |  |  |  |  |
﻿U.S. Treasuries |  | $1,952 |  | $ - |  | $(119) |  | $1,833
﻿U.S. agency obligations |  | 14,332 |  | 5 |  | (1,224) |  | 13,113
﻿Mortgage-backed securities |  | 12,358 |  | - |  | (353) |  | 12,005
﻿Municipals |  | 10,426 |  | 55 |  | (534) |  | 9,947
﻿Corporates |  | 4,132 |  | - |  | (254) |  | 3,878
﻿ |  |  |  |  |  |  |  |
﻿ |  | $43,200 |  | $60 |  | $(2,484) |  | $40,776
﻿
﻿ |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |
﻿ |  | December 31, 2015
﻿ |  | Amortized |  | Gross Unrealized |  | Fair
﻿ |  | Cost |  | Gains |  | Losses |  | Value
Held-to-maturity |  |  |  |  |  |  |  |
﻿U.S. agency obligations |  | $2,519 |  | $130 |  | $ - |  | $2,649
﻿ |  |  |  |  |  |  |  |
Available-for-sale |  |  |  |  |  |  |  |
﻿U.S. agency obligations |  | $19,606 |  | $3 |  | $(799) |  | $18,810
﻿Mortgage-backed securities |  | 10,778 |  | 4 |  | (135) |  | 10,647
﻿Municipals |  | 4,984 |  | 84 |  | (34) |  | 5,034
﻿ Corporates |  | 1,521 |  | - |  | (16) |  | 1,505
﻿ |  |  |  |  |  |  |  |
﻿ |  | $36,889 |  | $91 |  | $(984) |  | $35,996
Temporarily Impaired Securities ﻿ The following tables show the gross unrealized losses and fair value of the Bank’s investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, a t December 31, 201 6 and 201 5: ﻿ Note 4 –Securities (continued)
﻿ |  |  |  |  |  |  |  |
December 31, 2016 | Less than 12 months |  | More than 12 months |  | Total
﻿ | Fair | Unrealized |  | Fair | Unrealized |  | Fair | Unrealized
﻿ | Value | Losses |  | Value | Losses |  | Value | Losses
Held-to-maturity |  |  |  |  |  |  |  |
﻿ U.S. agency obligations | $1,193 | $91 |  | $ - | $ - |  | $1,193 | $91
﻿ |  |  |  |  |  |  |  |
Available-for-sale |  |  |  |  |  |  |  |
﻿ U.S. Treauries | 1,833 | 119 |  | - | - |  | 1,833 | 119
﻿ U.S. agency obligations | 13,109 | 1,224 |  | - | - |  | 13,109 | 1,224
﻿ Mortgage-backed securities | 11,331 | 353 |  | - | - |  | 11,331 | 353
﻿ Municipals | 7,170 | 534 |  | - | - |  | 7,170 | 534
﻿ Corporates | 3,878 | 254 |  | - | - |  | 3,878 | 254
﻿ |  |  |  |  |  |  |  |
﻿Total temporarily impaired securities | $38,514 | $2,575 |  | $ - | $ - |  | $38,514 | $2,575
﻿ ﻿
﻿ |  |  |  |  |  |  |  |
December 31, 2015 | Less than 12 months |  | More than 12 months |  | Total
﻿ | Fair | Unrealized |  | Fair | Unrealized |  | Fair | Unrealized
﻿ | Value | Losses |  | Value | Losses |  | Value | Losses
Available-for-sale |  |  |  |  |  |  |  |
﻿ U.S. agency obligations | $7,160 | $353 |  | $10,650 | $446 |  | $17,810 | $799
﻿ Mortgage-backed securities | 6,726 | 77 |  | 1,979 | 58 |  | 8,705 | 135
﻿ Municipals | 2,341 | 25 |  | 503 | 9 |  | 2,844 | 34
﻿ Corporates | 1,505 | 16 |  | - | - |  | 1,505 | 16
﻿ |  |  |  |  |  |  |  |
﻿Total temporarily impaired securities | $17,732 | $471 |  | $13,132 | $513 |  | $30,864 | $984
﻿ ﻿ U.S. Treasuries. The unrealized losses on these two investments in U.S. Treasuries at December 31, 2016 were caused by an increase in interest rates. The contractual terms of those investments do no t permit the issuer to settle the securities at a price less than the amortized cost bases of the investments. Because the Bank does not intend to sell the investments and it is not more likely than not that the Bank will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Bank does not consider those investments to be other-than-temporarily impaired at December 31, 201 6. Each of these two investments carries a Moody’s investment grade rating of A. ﻿ ﻿ U.S. agency obligations. The unrealized losses on the 10 investments in U.S. agency obligations at December 31, 2016 were caused by an increase in interest rate s. The contractual terms of those investments do no t permit the issuer to settle the securities at a price less than the amortized cost bases of the investments. Because the Bank does not intend to sell the investments and it is not more likely than not that the Bank will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Bank does not consider those investments to be other-than-temporarily impaired at December 31, 201 6. Each of these 10 investments carries an S&P investment grade rating of AA. ﻿ Mortgage-backed securities. The unrealized loss on the seven investment s in U.S. government agency mortgage-backed securities at December 31, 2016 was caused by an increase in interest rates. The contractual terms of those investment s do es no t permit the issuer to settle the securities at a price le ss than the amortized cost basis of the investment s. Because the Bank does not intend to sell the investments and it is not more likely than not that the Bank will be required to sell the investments before recovery of the amortized cost basi s, which may be maturity, the Bank does not consider those investments to be other-than-temporarily impaired at December 31, 201 6. Each of these seven investments carries an S&P investment grade rating of AA. ﻿ Municipals. The unrealized losses on the 13 investments in municipal obligatio ns at December 31, 201 6 were caused by an increase in interest rate s. The contractual terms of those investments do no t permit the issuer to settle the securities at a price less than the amortized cost bases of the investments. Because the Bank does not intend to sell the investments and it is not more likely than not that the Bank will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Bank does not consider those investments to be other-than-temporarily impa ired at December 31, 201 6. Each of these 13 investments carries an S&P investment grade rating of AA or above. ﻿ Corporates. The unrealized loss es on the five investment s in domestic corporate issued securities at December 31, 2016 were caused by an increase in interest rate s. The contractual terms of those investment s do es no t permit the issuer to settle the securities at a price le ss than the amortized cost basis of the investment s. Because the Bank does not intend to sell the investments and it is not more likely than not that the Bank will be required to sell the investments before recovery of the amortized cost basi s, which may be maturity, the Bank does not consider those investments to be other-than-temporarily impaired at December 31, 201 6. Each of these five investments carries an S&P investment grade rating of AA. ﻿ The amortized costs and fair values of securities at December 31, 201 6, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because borrowers may h ave the right to call or prepay obligations with or without call or prepayment penalties.
﻿ |  |  |  |  |  |  |  |
Note 4 –Securities (continued) |  |  |  |  |  |  |  |
﻿ |  | Held-to-Maturity |  | Available-for-Sale
﻿ |  | Amortized |  | Fair |  | Amortized |  | Fair
﻿ |  | Cost |  | Values |  | Cost |  | Values
﻿ |  |  |  |  |  |  |  |
﻿Due in one year or less |  | $ - |  | $ - |  | $ - |  | $ -
﻿Due after one year through five years |  | 2,015 |  | 2,080 |  | 551 |  | 535
﻿Due after five years through ten years |  | - |  | - |  | 14,874 |  | 14,318
﻿Due after ten years |  | 1,284 |  | 1,193 |  | 27,775 |  | 25,923
﻿ |  |  |  |  |  |  |  |
﻿ |  | $3,299 |  | $3,273 |  | $43,200 |  | $40,776
﻿ The Bank received $24,637 in proceeds from sales of securities available-for-sale in 201 6. Gross realized gains amounted to $487 and gross realized losses amounted to $0. The Bank received $13,440 in proceeds from sales of securities available-for-sale in 201 5. Gross realized gains amounted to $52 and gross realized losses amounted to $3. At December 31, 2016 and 2015, securities with a carrying value of $11,756 and $11,582, respectively, were pledged as collateral for public deposits and for other purposes as required or permitted by law.

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 Accounting Standards Codification -Topic 320 -Glossary Debt Security -URI http://asc.fasb.org/extlink&oid=6509901 Reference 2: 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=27724398&loc=d3e27290-111563 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 320 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27232-111563 Reference 5: 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 Reference 6: 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 7: 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=27724398&loc=d3e27161-111563 Reference 8: 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=27724398&loc=d3e27357-111563 Reference 9: 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=27724398&loc=d3e27405-111563 + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration