Securities (Tables)
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3 Months Ended |
Mar. 31, 2017 |
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| Investments, Debt and Equity Securities [Abstract] |
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| Schedule of Available-For-Sale Securities Reconciliation |
The amortized cost and fair value of securities available-for-sale at March 31, 2017 and December 31, 2016 are summarized as follows (in thousands): | | | | | | | | | | | | | | | | | | | | March 31, 2017 | | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | U.S. Government-sponsored enterprises (GSEs) | | $ | 18,261 |
| | $ | 5 |
| | $ | (468 | ) | | $ | 17,798 |
| Municipal securities | | 8,434 |
| | 23 |
| | (119 | ) | | 8,338 |
| Other debt securities | | 972 |
| | — |
| | (26 | ) | | 946 |
| Mortgage-backed securities | | 110,573 |
| | 228 |
| | (750 | ) | | 110,051 |
| | | $ | 138,240 |
| | $ | 256 |
| | $ | (1,363 | ) | | $ | 137,133 |
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| | | | | | | | | | | | | | | | | | | | December 31, 2016 | | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | U.S. Government-sponsored enterprises (GSEs) | | $ | 18,279 |
| | $ | 8 |
| | $ | (564 | ) | | $ | 17,723 |
| Municipal securities | | 8,182 |
| | 16 |
| | (179 | ) | | 8,019 |
| Mortgage-backed securities | | 104,585 |
| | 185 |
| | (1,090 | ) | | 103,680 |
| | | $ | 131,046 |
| | $ | 209 |
| | $ | (1,833 | ) | | $ | 129,422 |
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| Investments Classified by Contractual Maturity Date |
The amortized cost and estimated fair value of securities at March 31, 2017, by contractual maturity, are shown below (in thousands). Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. | | | | | | | | | | | | Amortized Cost | | Fair Value | Due in one year or less | | $ | 3,011 |
| | $ | 3,011 |
| Due from one year to five years | | 12,391 |
| | 12,048 |
| Due from five years to ten years | | 8,543 |
| | 8,341 |
| Due after ten years | | 3,722 |
| | 3,682 |
| | | 27,667 |
| | 27,082 |
| Mortgage-backed securities | | 110,573 |
| | 110,051 |
| | | $ | 138,240 |
| | $ | 137,133 |
|
|
| Schedule of Unrealized Loss on Investments |
The following tables present the gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities available-for-sale have been in a continuous unrealized loss position, as of March 31, 2017 and December 31, 2016 (in thousands): | | | | | | | | | | | | | | | | | | | | | | As of March 31, 2017 | | | Less than 12 Months | | 12 Months or Greater | | Total | | | Fair Value | | Gross Unrealized Losses | | Fair Value | | Gross Unrealized Losses | | Fair Value | | Gross Unrealized Losses | U.S. Government- sponsored enterprises (GSEs) | | 14,379 |
| | (468 | ) | | — |
| | — |
| | 14,379 |
| | (468 | ) | Municipal securities | | 5,115 |
| | (118 | ) | | 254 |
| | (1 | ) | | 5,369 |
| | (119 | ) | Other debt securities | | 945 |
| | (26 | ) | | — |
| | — |
| | 945 |
| | (26 | ) | Mortgage-backed securities | | 62,827 |
| | (380 | ) | | 12,129 |
| | (370 | ) | | 74,956 |
| | (750 | ) | | | 83,266 |
| | (992 | ) | | 12,383 |
| | (371 | ) | | 95,649 |
| | (1,363 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2016 | | | Less than 12 Months | | 12 Months or Greater | | Total | | | Fair Value | | Gross Unrealized Losses | | Fair Value | | Gross Unrealized Losses | | Fair Value | | Gross Unrealized Losses | U.S. Government- sponsored enterprises (GSEs) | | $ | 14,702 |
| | $ | (564 | ) | | $ | — |
| | $ | — |
| | $ | 14,702 |
| | $ | (564 | ) | Municipal securities | | 6,368 |
| | (179 | ) | | — |
| | — |
| | 6,368 |
| | (179 | ) | Mortgage-backed securities | | 67,063 |
| | (690 | ) | | 8,948 |
| | (400 | ) | | 76,011 |
| | (1,090 | ) | | | $ | 88,133 |
| | $ | (1,433 | ) | | $ | 8,948 |
| | $ | (400 | ) | | $ | 97,081 |
| | $ | (1,833 | ) |
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