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Securities
 12 Months Ended
Dec. 31, 2013
Securities  
Securities

Note 3 – Securities

The following table summarizes the amortized cost and fair value of the available-for-sale investment securities portfolios at December 31, 2013 and December 31, 2012 and the corresponding amounts of unrealized gains which are recognized in accumulated other comprehensive income (loss):

 
   Amortized Cost   Gross
Unrealized
Gains		   Gross
Unrealized
Losses		   Fair Value  
 
   (In thousands)
  

December 31, 2013:

                          

Residential mortgage-backed

   $ 8,917   $ 480   $ -   $ 9,397  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total available-for-sale securities

   $ 8,917   $ 480   $ -   $ 9,397  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

December 31, 2012:

                          

Residential mortgage-backed

   $ 12,660   $ 718   $ -   $ 13,378  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total available-for-sale securities

   $ 12,660   $ 718   $ -   $ 13,378  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

At December 31, 2013, the Bank's investment portfolio consisted of residential mortgage-backed securities with an estimated remaining life of 4.5 years. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties.

At December 31, 2013 and December 31, 2012, securities pledged to secure public deposits and FHLB advances had a carrying amount of $9.4 million and $1.5 million, respectively. At December 31, 2013 and December 31, 2012, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of stockholders' equity. There were no sales of securities during the year ended December 31, 2013. During the year ended December 31, 2012, $1.0 million of U.S. federal agency bonds were sold and the Company recognized a gain of $50 thousand.