XML 18 R9.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Securities | 12 Months Ended
--- | ---
Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract] |
Securities | (2) Securities Securities have been classified according to management’s intent. The carrying amount of securities and approximate fair values are as follows (in thousands):
|  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
At December 31, 2015: |  |  |  |  |  |  |  |  |  |  |  |
Securities Available for Sale- |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  | $ | 10,107 |  | $ | 31 |  | $ | (52 | ) | $ | 10,086
Collateralized mortgage obligations |  |  | 15,223 |  |  | 21 |  |  | (227 | ) |  | 15,017
SBA Pool Security |  |  | 644 |  |  | 2 |  |  | — |  |  | 646
Total |  | $ | 25,974 |  | $ | 54 |  | $ | (279 | ) | $ | 25,749
At December 31, 2014: |  |  |  |  |  |  |  |  |  |  |  |
Securities Available for Sale- |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  | $ | 14,621 |  | $ | 164 |  | $ | (25 | ) | $ | 14,760
Collateralized mortgage obligations |  |  | 11,260 |  |  | 22 |  |  | (40 | ) |  | 11,242
SBA Pool Security |  |  | 735 |  |  | 11 |  |  | — |  |  | 746
Total |  | $ | 26,616 |  | $ | 197 |  | $ | (65 | ) | $ | 26,748
The following summarizes sales of securities (in thousands):
|  | Year Ended December 31, |
|  | 2015 |  | 2014 |
Proceeds from sales of securities |  | $ | 8,530 |  | $ | 13,120 |
Gross gains from sale of securities |  |  | 87 |  |  | 168 |
Gross losses from sale of securities |  |  | (27 | ) |  | (32 | )
Net gain from sales of securities |  | $ | 60 |  | $ | 136 |
Securities with gross unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous loss position, is as follows (in thousands):
|  | At December 31, 2015 |
|  | Over Twelve Months |  |  | Less Than Twelve Months |
|  | Gross Unrealized Losses |  |  | Fair Value |  |  | Gross Unrealized Losses |  |  | Fair Value |
Securities Available for Sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  | $ | — |  |  | $ | — |  |  | $ | (52 | ) |  | $ | 5,526 |
Collateralized mortgage obligations |  |  | — |  |  |  | — |  |  |  | (227 | ) |  |  | 11,783 |
|  | $ | — |  |  | $ | — |  |  | $ | (279 | ) |  | $ | 17,309 |
|  | At December 31, 2014 |
|  | Over Twelve Months |  |  | Less Than Twelve Months |
|  | Gross Unrealized Losses |  |  | Fair Value |  |  | Gross Unrealized Losses |  |  | Fair Value |
Securities Available for Sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  | $ | (25 | ) |  | $ | 2,553 |  |  | $ | — |  |  | $ | — |
Collateralized mortgage obligations |  |  | — |  |  |  | — |  |  |  | (40 | ) |  |  | 6,402 |
|  | $ | (25 | ) |  | $ | 2,553 |  |  | $ | (40 | ) |  | $ | 6,402 |
At December 31, 2015 and 2014, the unrealized losses on eighteen and ten investment securities, respectively were caused by market conditions. It is expected that the securities would not be settled at a price less than the book value of the investments. Because the decline in fair value is attributable to market conditions and not credit quality, and because the Company has the ability and intent to hold these investments until a market price recovery or maturity, these investments are not considered other-than-temporarily impaired. Available-for-sale securities measured at fair value on a recurring basis are summarized below (in thousands):
|  |  |  | Fair Value Measurements Using
|  | Fair Value |  | Quoted Prices In Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
At December 31, 2015: |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  | $ | 10,086 |  | $ | — |  | $ | 10,086 |  | $ | —
Collateralized mortgage obligations |  |  | 15,017 |  |  | — |  |  | 15,017 |  |  | —
SBA Pool Security |  |  | 646 |  |  | — |  |  | 646 |  |  | —
|  | $ | 25,749 |  | $ | — |  | $ | 25,749 |  | $ | —
At December 31, 2014: |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  | $ | 14,760 |  | $ | — |  | $ | 14,760 |  | $ | —
Collateralized mortgage obligations |  |  | 11,242 |  |  | — |  |  | 11,242 |  |  | —
SBA Pool Securities |  |  | 746 |  |  | — |  |  | 746 |  |  | —
|  | $ | 26,748 |  | $ | — |  | $ | 26,748 |  | $ | —
During the years ended December 31, 2015 and 2014, no securities were transferred in or out of Level 1, Level 2 or Level 3.

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