Note 2—Securities

The following table summarizes the amortized cost and fair value of the available-for-sale investment securities portfolios at December 31, 2015 and December 31, 2014 and the corresponding amounts of unrealized gains which are recognized in accumulated other comprehensive income:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(In thousands)
December 31, 2015:
Residential mortgage-backed	$	11,796	$	371	$	—	$	12,167
U.S. Government and federal agency		1,946		27		—		1,973

Total available-for-sale securities	$	13,742	$	398	$	—	$	14,140


December 31, 2014:
Residential mortgage-backed	$	14,578	$	540	$	—	$	15,118
U.S. Government and federal agency		1,932		25		—		1,957

Total available-for-sale securities	$	16,510	$	565	$	—	$	17,075

The amortized cost and fair value of the investment securities portfolios are shown by contractual maturity at December 31, 2015. 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, primarily residential mortgage-backed securities, are shown separately.

	Available-for-Sale
Maturity	Amortized Cost		Fair Value
	(In thousands)
Within one year	$	—	$	—
One to five years		1,946		1,973
Five to ten years		—		—
Beyond ten years		—		—
Residential mortgage-backed		11,796		12,167

Total	$	13,742	$	14,140

At December 31, 2015 and 2014, securities pledged to secure public deposits had a carrying amount of $719 thousand and $1.2 million, respectively. At December 31, 2015 and 2014, 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 years ended December 31, 2015 and 2014.