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Securities (Tables)
 3 Months Ended
Mar. 31, 2018
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-For-Sale Securities Reconciliation
The amortized cost and fair value of securities available-for-sale at March 31, 2018 and December 31, 2017 are summarized as follows (in thousands):
 
 
 
March 31, 2018
 
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
U.S. Government-sponsored enterprises (GSEs)
 
$
30,147

 
$
—

 
$
(844
)
 
$
29,303

Municipal securities
 
10,141

 
10

 
(265
)
 
9,886

Other debt securities
 
975

 
—

 
(51
)
 
924

Mortgage-backed securities (GSEs)
 
118,386

 
195

 
(2,484
)
 
116,097

 
 
$
159,649

 
$
205

 
$
(3,644
)
 
$
156,210

Note 3. Securities, Continued
 
 
December 31, 2017
 
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
U.S. Government-sponsored enterprises (GSEs)
 
$
26,207

 
$
1

 
$
(432
)
 
$
25,776

Municipal securities
 
9,122

 
28

 
(147
)
 
9,003

Other debt securities
 
974

 
—

 
(24
)
 
950

Mortgage-backed securities (GSEs)
 
117,263

 
136

 
(1,184
)
 
116,215

 
 
$
153,566

 
$
165

 
$
(1,787
)
 
$
151,944
Investments Classified by Contractual Maturity Date
The amortized cost and estimated fair value of securities at March 31, 2018, by contractual maturity for non-mortgage backed securities, are shown below (in thousands). Expected maturities may 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
 
$
1,175

 
$
1,175

Due from one year to five years
 
21,606

 
21,011

Due from five years to ten years
 
12,665

 
12,237

Due after ten years
 
5,817

 
5,690

 
 
41,263

 
40,113

Mortgage-backed securities
 
118,386

 
116,097

 
 
$
159,649

 
$
156,210
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, 2018 and December 31, 2017 (in thousands):
 
 
 
As of March 31, 2018
 
 
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)
 
$
16,016

 
$
(281
)
 
$
13,287

 
$
(563
)
 
$
29,303

 
$
(844
)
Municipal securities
 
5,915

 
(129
)
 
2,077

 
(136
)
 
7,992

 
(265
)
Other debt securities
 
—

 
—

 
924

 
(51
)
 
924

 
(51
)
Mortgage-backed securities (GSEs)
 
60,316

 
(1,389
)
 
30,822

 
(1,095
)
 
91,138

 
(2,484
)
 
 
$
82,247

 
$
(1,799
)
 
$
47,110

 
$
(1,845
)
 
$
129,357

 
$
(3,644
)
Note 3. Securities, Continued
 
 
As of December 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)
 
$
1,358

 
$
(1
)
 
$
13,420

 
$
(431
)
 
$
14,778

 
$
(432
)
Municipal securities
 
3,418

 
(43
)
 
2,112

 
(104
)
 
5,530

 
(147
)
Other debt securities
 
950

 
(24
)
 
—

 
—

 
950

 
(24
)
Mortgage-backed securities (GSEs)
 
61,332

 
(407
)
 
35,048

 
(777
)
 
96,380

 
(1,184
)
 
 
$
67,058

 
$
(475
)
 
$
50,580

 
$
(1,312
)
 
$
117,638

 
$
(1,787
)