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Securities (Tables)
12 Months Ended
Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-sale Securities
The amortized cost and estimated fair value of securities available-for-sale and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income were as follows:
 
 
As of December 31, 2014
 
 
Amortized cost
 
Gross
unrealized
holding gains
 
Gross
unrealized
holding losses
 
Estimated
fair value
 
 
(In Thousands)
Available-for-sale:
 
 
 
 
 
 
 
 
U.S. Government agency obligations - government-sponsored enterprises
 
$
9,046

 
$

 
$
(81
)
 
$
8,965

Municipal obligations
 
573

 
5

 

 
578

Asset-backed securities
 
1,514

 

 
(4
)
 
1,510

Collateralized mortgage obligations - government issued
 
67,740

 
1,390

 
(256
)
 
68,874

Collateralized mortgage obligations - government-sponsored enterprises
 
64,763

 
234

 
(226
)
 
64,771

 
 
$
143,636

 
$
1,629

 
$
(567
)
 
$
144,698

 
 
As of December 31, 2013
 
 
Amortized cost
 
Gross
unrealized
holding gains
 
Gross
unrealized
holding losses
 
Estimated
fair value
 
 
(In Thousands)
Available-for-sale:
 
 
 
 
 
 
 
 
U.S. Government agency obligations - government-sponsored enterprises
 
$
16,380

 
$
9

 
$
(145
)
 
$
16,244

Municipal obligations
 
16,207

 
35

 
(753
)
 
15,489

Asset-backed securities
 
1,517

 

 
(23
)
 
1,494

Collateralized mortgage obligations - government issued
 
111,010

 
2,238

 
(1,279
)
 
111,969

Collateralized mortgage obligations - government-sponsored enterprises
 
35,561

 
57

 
(696
)
 
34,922

 
 
$
180,675

 
$
2,339

 
$
(2,896
)
 
$
180,118

Schedule of Held-to-maturity Securities
The amortized cost and estimated fair value of securities held-to-maturity and the corresponding amounts of gross unrecognized gains and losses were as follows:

 
 
As of December 31, 2014
 
 
Amortized cost
 
Gross
unrecognized
holding gains
 
Gross
unrecognized
holding losses
 
Estimated
fair value
 
 
(In Thousands)
Held-to-maturity:
 
 
 
 
 
 
 
 
U.S. Government agency obligations - government-sponsored enterprises
 
$
1,490

 
$

 
$
(17
)
 
$
1,473

Municipal obligations
 
16,088

 
85

 
(18
)
 
16,155

Asset-backed securities
 

 

 

 

Collateralized mortgage obligations - government issued
 
14,505

 
57

 
(31
)
 
14,531

Collateralized mortgage obligations - government-sponsored enterprises
 
9,480

 
74

 
(19
)
 
9,535

 
 
$
41,563

 
$
216

 
$
(85
)
 
$
41,694

Investments Classified by Contractual Maturity
The amortized cost and estimated fair value of securities by contractual maturity at December 31, 2014 are shown below. Actual maturities may differ from contractual maturities because issuers have the right to call or prepay obligations without call or prepayment penalties.
 
 
Available-for-Sale
 
Held-to-Maturity
 
 
Amortized Cost
 
Estimated
Fair Value
 
Amortized Cost
 
Estimated
Fair Value
 
 
(In Thousands)
Due in one year or less
 
$

 
$

 
$

 
$

Due in one year through five years
 
8,869

 
8,820

 
2,289

 
2,270

Due in five through ten years
 
71,255

 
71,845

 
14,314

 
14,379

Due in over ten years
 
63,512

 
64,033

 
24,960

 
25,045

 
 
$
143,636

 
$
144,698

 
$
41,563

 
$
41,694

Schedule of Unrealized Loss on Investments
A summary of unrealized loss information for available-for-sale securities, categorized by security type follows:

 
 
As of December 31, 2014
 
 
Less than 12 months
 
12 months or longer
 
Total
 
 
Fair value
 
Unrealized
losses
 
Fair value
 
Unrealized
losses
 
Fair value
 
Unrealized
losses
 
 
(In Thousands)
Available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government agency obligations - government-sponsored enterprises
 
$
3,486

 
$
12

 
$
5,479

 
$
69

 
$
8,965

 
$
81

Municipal obligations
 

 

 

 

 

 

Asset-backed securities
 

 

 
1,510

 
4

 
1,510

 
4

Collateralized mortgage obligations - government issued
 
9,201

 
50

 
9,536

 
206

 
18,737

 
256

Collateralized mortgage obligations - government-sponsored enterprises
 
29,498

 
97

 
4,993

 
129

 
34,491

 
226

 
 
$
42,185

 
$
159

 
$
21,518

 
$
408

 
$
63,703

 
$
567

 
 
As of December 31, 2013
 
 
Less than 12 months
 
12 months or longer
 
Total
 
 
Fair value
 
Unrealized
losses
 
Fair value
 
Unrealized
losses
 
Fair value
 
Unrealized
losses
 
 
(In Thousands)
Available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government agency obligations - government-sponsored enterprises
 
$
10,608

 
$
145

 
$

 
$

 
$
10,608

 
$
145

Municipal obligations
 
12,001

 
650

 
981

 
103

 
12,982

 
753

Collateralized mortgage obligations - government issued
 
34,021

 
997

 
6,146

 
282

 
40,167

 
1,279

Collateralized mortgage obligations - government-sponsored enterprises
 
20,628

 
506

 
5,418

 
190

 
26,046

 
696

 
 
$
78,752

 
$
2,321

 
$
12,545

 
$
575

 
$
91,297

 
$
2,896

A summary of unrecognized loss information for securities held-to-maturity, categorized by security type follows:

 
 
As of December 31, 2014
 
 
Less than 12 months
 
12 months or longer
 
Total
 
 
Fair value
 
Unrecognized
losses
 
Fair value
 
Unrecognized
losses
 
Fair value
 
Unrecognized
losses
 
 
(In Thousands)
Held-to-maturity:
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government agency obligations - government-sponsored enterprises
 
$
1,490

 
$
17

 
$

 
$

 
$
1,490

 
$
17

Municipal obligations
 
2,222

 
18

 

 

 
2,222

 
18

Collateralized mortgage obligations - government issued
 
3,247

 
31

 

 

 
3,247

 
31

Collateralized mortgage obligations - government-sponsored enterprises
 
3,076

 
19

 

 

 
3,076

 
19

 
 
$
10,035

 
$
85

 
$

 
$

 
$
10,035

 
$
85