Investment Securities (Tables)

12 Months Ended

Dec. 31, 2012

Investment Securities [Abstract]

Estimated fair values of investment securities

The amortized cost, gross unrealized gains, gross unrealized losses and estimated fair values of investment securities at December 31, 2012 and 2011 are as follows:

	2012
	Amortized cost		Gross unrealized gains		Gross unrealized losses		Estimated fair value
			(In thousands)
Available for sale:
U.S. Government sponsored enterprises	$	83,956	$	118	$	3	$	84,071
Corporate equity securities		44		0		0		44
Mortgage-backed securities		1,146		37		0		1,183
Total investment securities available for sale	$	85,146	$	155	$	3	$	85,298
Held to maturity:
Mortgage-backed securities	$	903	$	54	$	0	$	957
Total investment securities held to maturity	$	903	$	54	$	0	$	957

	2011
	Amortized cost		Gross unrealized gains		Gross unrealized losses		Estimated fair value
			(In thousands)
Available for sale:
U.S. Government sponsored enterprises	$	16,289	$	6	$	3	$	16,292
Corporate equity securities		106		0		54		52
Mortgage-backed securities		1,469		32		0		1,501
Total investment securities available for sale	$	17,864	$	38	$	57	$	17,845
Held to maturity:
Municipal bonds	$	2,008	$	0	$	0	$	2,008
Mortgage-backed securities		1,075		52		0		1,127
Total investment securities held to maturity	$	3,083	$	52	$	0	$	3,135

Fair value of investment securities by contractual term maturity

The amortized cost and estimated fair value of investment securities at December 31, 2012 by contractual term to maturity are shown below.

	Available for Sale				Held to Maturity
	Amortized cost		Estimated fair value		Amortized cost		Estimated fair value
	(In thousands)
Due in one year or less	$	6,499	$	6,500	$	0	$	0
Due after one year through five years		77,457		77,571		0		0
Due after five years through ten years		0		0		0		0
Due after ten years		0		0		0		0
Subtotal		83,956		84,071		0		0
Mortgage-backed securities		1,146		1,183		903		957
Corporate equity securities		44		44		0		0
Total	$	85,146	$	85,298	$	903	$	957

Length of time individual securities have been in a continuous unrealized loss position

The table below indicates the length of time individual securities have been in a continuous unrealized loss position at December 31, 2012 and 2011.

	2012
	Less than 12 months						More than 12 months
(In thousands)	Fair value		Unrealized losses		No. of Securities		Fair value		Unrealized losses		No. of Securities
Available for sale:
U.S. Government sponsored enterprises		2,995		3		1		0		0		0
Total	$	2,995	$	3		1	$	0	$	0		0

	2011
	Less than 12 months						More than 12 months
(In thousands)	Fair value		Unrealized losses		No. of Securities		Fair value		Unrealized losses		No. of Securities
Available for sale:
Corporate equity securities	$	0	$	0		0	$	52	$	54		2
U.S. Government sponsored enterprises		6,994		3		3		0		0		0
Total	$	6,994	$	3		3	$	52	$	54		2