Investments (Tables)

9 Months Ended

Sep. 30, 2016

Investments [Abstract]

Available-for-sale Securities

Investments available-for-sale are summarized as follows at the dates indicated:

	September 30, 2016
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In thousands)
Mortgage-backed investments:
Fannie Mae	$	41,456	$	719	$	(31	)	$	42,144
Freddie Mac	18,969		489		—			19,458
Ginnie Mae	20,006		114		(153		)	19,967
Municipal bonds	13,237		584		(4		)	13,817
U.S. Government agencies	14,296		174		(5		)	14,465
Corporate bonds	24,007		404		(397		)	24,014
Total	$	131,971	$	2,484	$	(590	)	$	133,865

	December 31, 2015
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In thousands)
Mortgage-backed investments:
Fannie Mae	$	50,288	$	260	$	(227	)	$	50,321
Freddie Mac	26,011		243		(117		)	26,137
Ginnie Mae	13,802		44		(114		)	13,732
Municipal bonds	11,787		277		—			12,064
U.S. Government agencies	13,541		89		(88		)	13,542
Corporate bonds	14,010		4		(245		)	13,769
Total	$	129,439	$	917	$	(791	)	$	129,565

Schedule of Available for sale Securities in Continuous Unrealized Loss positions

The tables below summarize the aggregate fair value and gross unrealized loss by length of time those investment securities have been continuously in an unrealized loss position at the dates indicated. At September 30, 2016, we had two municipal bonds in an unrealized loss position. At December 31, 2015, we had no municipal bonds in an unrealized loss position.

	September 30, 2016
	Less Than 12 Months					12 Months or Longer					Total
	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
	(In thousands)
Mortgage-backed investments:
Fannie Mae	$	9,194	$	(31	)	$	—	$	—		$	9,194	$	(31	)
Ginnie Mae	15,877		(153		)	—		—			15,877		(153		)
Municipal bonds	447		(4		)	—		—			447		(4		)
U.S. Government agencies	2,002		(2		)	1,617		(3		)	3,619		(5		)
Corporate bonds	3,883		(117		)	4,720		(280		)	8,603		(397		)
Total	$	31,403	$	(307	)	$	6,337	$	(283	)	$	37,740	$	(590	)

	December 31, 2015
	Less Than 12 Months					12 Months or Longer					Total
	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
	(In thousands)
Mortgage-backed investments:
Fannie Mae	$	37,593	$	(227	)	$	—	$	—		$	37,593	$	(227	)
Freddie Mac	12,115		(117		)	—		—			12,115		(117		)
Ginnie Mae	5,508		(29		)	3,233		(85		)	8,741		(114		)
U.S. Government agencies	9,605		(88		)	—		—			9,605		(88		)
Corporate bonds	10,263		(245		)	—		—			10,263		(245		)
Total	$	75,084	$	(706	)	$	3,233	$	(85	)	$	78,317	$	(791	)

Schedule of Available for sale Securities, Debt Maturities

	September 30, 2016
	Amortized Cost		Fair Value
	(In thousands)
Due within one year	$	515	$	517
Due after one year through five years	8,861		8,919
Due after five years through ten years	25,518		25,804
Due after ten years	16,646		17,056
	51,540		52,296
Mortgage-backed investments	80,431		81,569
Total	$	131,971	$	133,865