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Securities Available-for-sale (Tables)
12 Months Ended
Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-sale Securities Reconciliation
The following tables present the amortized costs, unrealized gains, unrealized losses, and estimated fair values of securities available-for-sale at December 31, 2016 and 2015:
 
December 31, 2016
SECURITIES AVAILABLE-FOR-SALE

Amortized
Cost
 

Unrealized
Gains
 

Unrealized
Losses
 
Estimated
Fair
Values
U.S. agency securities
$
8,150

 
$
12

 
$
(94
)
 
$
8,068

Corporate securities
7,654

 
14

 
(168
)
 
7,500

Municipal bonds
15,183

 
164

 
(83
)
 
15,264

Mortgage-backed securities
45,856

 
52

 
(713
)
 
45,195

U.S. Small Business Administration securities
5,862

 
27

 
(41
)
 
5,848

Total securities available-for-sale
$
82,705

 
$
269

 
$
(1,099
)
 
$
81,875


 
December 31, 2015
SECURITIES AVAILABLE-FOR-SALE

Amortized
Cost
 

Unrealized
Gains
 

Unrealized
Losses
 
Estimated
Fair
Values
U.S. agency securities
$
6,134

 
$

 
$
(99
)
 
$
6,035

Corporate securities
3,495

 
5

 
(67
)
 
3,433

Municipal bonds
18,531

 
373

 
(13
)
 
18,891

Mortgage-backed securities
22,926

 
72

 
(163
)
 
22,835

U.S. Small Business Administration securities
4,011

 
23

 
(11
)
 
4,023

Total securities available-for-sale
$
55,097

 
$
473

 
$
(353
)
 
$
55,217

Available-for-sale Securities, Gross Unrealized Loss
Investment securities that were in an unrealized loss position at December 31, 2016 and 2015 are presented in the following tables, based on the length of time individual securities have been in an unrealized loss position. Management believes that these securities are only temporarily impaired due to changes in market interest rates or the widening of market spreads subsequent to the initial purchase of the securities, and not due to concerns regarding the underlying credit of the issuers or the underlying collateral. 
 
December 31, 2016
 
Less than 12 Months
 
12 Months or Longer
 
Total
SECURITIES AVAILABLE-FOR-SALE
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
U.S. agency securities
$
6,998

 
$
(94
)
 
$

 
$

 
$
6,998

 
$
(94
)
Corporate securities
5,048

 
(106
)
 
1,438

 
(62
)
 
6,486

 
(168
)
Municipal bonds
6,741

 
(83
)
 

 

 
6,741

 
(83
)
Mortgage-backed securities
39,373

 
(713
)
 

 

 
39,373

 
(713
)
U.S. Small Business Administration securities
2,963

 
(41
)
 

 

 
2,963

 
(41
)
Total
$
61,123

 
$
(1,037
)
 
$
1,438

 
$
(62
)
 
$
62,561

 
$
(1,099
)

 
December 31, 2015
 
Less than 12 Months
 
12 Months or Longer
 
Total
 
SECURITIES AVAILABLE-FOR-SALE
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
U.S. agency securities
$
2,107

 
$
(31
)
 
$
3,928

 
$
(68
)
 
$
6,035

 
$
(99
)
Corporate securities
994

 
(6
)
 
1,439

 
(61
)
 
2,433

 
(67
)
Municipal bonds
956

 
(1
)
 
293

 
(12
)
 
1,249

 
(13
)
Mortgage-backed securities
15,642

 
(112
)
 
2,119

 
(51
)
 
17,761

 
(163
)
U.S. Small Business Administration securities
990

 
(11
)
 

 

 
990

 
(11
)
Total
$
20,689

 
$
(161
)
 
$
7,779

 
$
(192
)
 
$
28,468

 
$
(353
)
Schedule of Available for Sale Securities by Contractual Mataurity
The contractual maturities of securities available-for-sale at December 31, 2016 and 2015 are listed below. Expected maturities of mortgage-backed securities may differ from contractual maturities because borrowers may have the right to call or prepay the obligations; therefore, these securities are classified separately with no specific maturity date.
 
December 31, 2016
 
December 31, 2015
U.S. agency securities
Amortized
Cost
 
Fair
Value
 
Amortized
Cost
 
Fair
Value
Due after one year through five years
$
4,000

 
$
3,956

 
$

 
$

Due after five years through ten years
4,150

 
4,112

 
6,134

 
6,035

Subtotal
8,150

 
8,068

 
6,134

 
6,035

Corporate securities
 
 
 
 
 
 
 
Due after one year through five years
5,659

 
5,625

 
1,500

 
1,490

Due after five years through ten years
1,995

 
1,875

 
1,995

 
1,943

Subtotal
7,654

 
7,500

 
3,495

 
3,433

Municipal bonds
 
 
 
 
 
 
 
Due in one year or less
509

 
513

 
991

 
997

Due after one year through five years
5,326

 
5,386

 
3,904

 
3,954

Due after five years through ten years
7,476

 
7,492

 
7,807

 
7,981

Due after ten years
1,872

 
1,873

 
5,829

 
5,959

Subtotal
15,183

 
15,264

 
18,531

 
18,891

Mortgage-backed securities
 
 
 
 
 
 
 
Federal National Mortgage Association (“FNMA”)
23,522

 
23,197

 
12,515

 
12,466

Federal Home Loan Mortgage Corporation (“FHLMC”)
14,950

 
14,662

 
4,524

 
4,501

Government National Mortgage Association (“GNMA”)
7,384

 
7,336

 
5,887

 
5,868

Subtotal
45,856

 
45,195

 
22,926

 
22,835

U.S. Small Business Administration securities
 
 
 
 
 
 
 
Due after five years through ten years
5,862

 
5,848

 
4,011

 
4,023

Total
$
82,705

 
$
81,875

 
$
55,097

 
$
55,217

Schedule of Realized Gain (Loss)
The proceeds and resulting gains and losses, computed using specific identification from sales of securities available-for-sale for the years ended December 31, 2016 and 2015 were as follows:
 
December 31, 2016
 
Proceeds
 
Gross Gains
 
Gross Losses
Securities available-for-sale
$
13,577

 
$
149

 
$
(3
)
 
 
 
 
 
 
 
December 31, 2015
 
Proceeds
 
Gross Gains
 
Gross Losses
Securities available-for-sale
$
4,178

 
$
76

 
$