Securities Available for Sale and Securities Held to Maturity (Tables)

12 Months Ended

Dec. 31, 2014

Securities Available for Sale and Securities Held to Maturity [Abstract]

Amortized Cost, Gross Unrealized Gains and Losses, and Fair Value of Securities Available for Sale and Securities Held to Maturity


			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
December 31, 2014	Cost		Gains		Losses		Value
Securities available for sale:
Asset-backed securities	$	19,320	$	64	$	18	$	19,366
U.S. agency mortgage-backed securities		18,487		242		12		18,717
Corporate debt securities		8,023		30		8		8,045
U.S. agency notes		3,839		-		44		3,795
Treasury securities		2,993		2		1		2,994
Certificates of deposit		1,533		1		-		1,534
Non-agency commercial mortgage-backed securities		310		7		-		317
Other securities		15		-		-		15
Total securities available for sale	$	54,520	$	346	$	83	$	54,783
Securities held to maturity:
U.S. agency mortgage-backed securities	$	33,388	$	531	$	174	$	33,745
Non-agency commercial mortgage-backed securities		1,001		11		14		998
Total securities held to maturity	$	34,389	$	542	$	188	$	34,743


			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
December 31, 2013	Cost		Gains		Losses		Value
Securities available for sale:
U.S. agency mortgage-backed securities	$	18,554	$	140	$	49	$	18,645
Asset-backed securities		15,201		42		37		15,206
Corporate debt securities		8,973		49		15		9,007
U.S. agency notes		4,239		1		104		4,136
Certificates of deposit		3,650		4		2		3,652
Non-agency residential mortgage-backed securities		616		11		34		593
Non-agency commercial mortgage-backed securities		271		8		-		279
Other securities		100		-		-		100
Total securities available for sale	$	51,604	$	255	$	241	$	51,618
Securities held to maturity:
U.S. agency mortgage-backed securities	$	29,260	$	161	$	921	$	28,500
Non-agency commercial mortgage-backed securities		958		-		68		890
Other securities		100		-		-		100
Total securities held to maturity	$	30,318	$	161	$	989	$	29,490

Securities with Unrealized Losses, Aggregated by Category and Period of Continuous Unrealized Loss


	Less than				12 months
	12 months				or longer				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
December 31, 2014	Value		Losses		Value		Losses		Value		Losses
Securities available for sale:
Asset-backed securities	$	5,754	$	15	$	792	$	3	$	6,546	$	18
U.S agency mortgage-backed securities		2,247		5		1,767		7		4,014		12
Corporate debt securities		1,781		4		552		4		2,333		8
U.S. agency notes		-		-		3,696		44		3,696		44
Treasury securities		1,246		1		-		-		1,246		1
Total	$	11,028	$	25	$	6,807	$	58	$	17,835	$	83
Securities held to maturity:
U.S. agency mortgage-backed securities	$	264	$	1	$	10,415	$	173	$	10,679	$	174
Non-agency commercial mortgage-backed
securities		-		-		660		14		660		14
Total	$	264	$	1	$	11,075	$	187	$	11,339	$	188
Total securities with unrealized losses (1)	$	11,292	$	26	$	17,882	$	245	$	29,174	$	271

(1)	The number of investment positions with unrealized losses totaled 173 for securities available for sale and 111 for securities held to maturity.


	Less than				12 months
	12 months				or longer				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
December 31, 2013	Value		Losses		Value		Losses		Value		Losses
Securities available for sale:
U.S agency mortgage-backed securities	$	5,044	$	47	$	93	$	2	$	5,137	$	49
Asset-backed securities		6,391		33		591		4		6,982		37
Corporate debt securities		1,802		14		499		1		2,301		15
U.S. agency notes		3,636		104		-		-		3,636		104
Certificates of deposit		-		-		299		2		299		2
Non-agency residential mortgage-backed
securities		89		2		374		32		463		34
Total	$	16,962	$	200	$	1,856	$	41	$	18,818	$	241
Securities held to maturity:
U.S. agency mortgage-backed securities	$	19,175	$	698	$	2,345	$	223	$	21,520	$	921
Non-agency commercial mortgage-backed
securities		630		43		260		25		890		68
Total	$	19,805	$	741	$	2,605	$	248	$	22,410	$	989
Total securities with unrealized losses (1)	$	36,767	$	941	$	4,461	$	289	$	41,228	$	1,230

(1)	The number of investment positions with unrealized losses totaled 273 for securities available for sale and 193 for securities held to maturity.

Rollforward Amount of Credit Losses Recognized in Earnings for OTTI Securities for Portion of Impairment Recognized in or Reclassified From Other Comprehensive Income


Year Ended December 31,		2014		2013		2012
Balance at beginning of year	$	169	$	159	$	127
Credit losses recognized into current year earnings on debt securities for
which an other-than-temporary impairment was not previously recognized		1		1		6
Credit losses recognized into current year earnings on debt securities for
which an other-than-temporary impairment was previously recognized		-		9		26
Reductions due to sale of debt securities for which an other-than-temporary
impairment was previously recognized		(168)		-		-
Balance at end of year	$	2	$	169	$	159

Maturities of Securities Available for Sale and Securities Held to Maturity


			After 1 year		After 5 years
	Within		through		through		After
	1 year		5 years		10 years		10 years		Total
Securities available for sale:
Asset-backed securities	$	-	$	2,946	$	5,062	$	11,358	$	19,366
U.S. agency mortgage-backed securities (1)		-		1,281		5,196		12,240		18,717
Corporate debt securities		999		7,046		-		-		8,045
U.S. agency notes		-		3,795		-		-		3,795
Treasury securities		-		2,994		-		-		2,994
Certificates of deposit		624		910		-		-		1,534
Non-agency commercial mortgage-backed
securities (1)		-		-		-		317		317
Other securities		-		-		-		15		15
Total fair value	$	1,623	$	18,972	$	10,258	$	23,930	$	54,783
Total amortized cost	$	1,621	$	18,981	$	10,168	$	23,750	$	54,520
Securities held to maturity:
U.S. agency mortgage-backed securities (1)	$	-	$	857	$	15,618	$	17,270	$	33,745
Non-agency commercial mortgage-backed
securities (1)		-		-		359		639		998
Total fair value	$	-	$	857	$	15,977	$	17,909	$	34,743
Total amortized cost	$	-	$	853	$	15,789	$	17,747	$	34,389

(1)	Mortgage-backed securities have been allocated to maturity groupings based on final contractual maturities. Actual maturities will differ from final contractual maturities because borrowers on a certain portion of loans underlying these securities have the right to prepay their obligations.

Proceeds and Gross Realized Gains and Losses from Sales of Securities Available for Sale


Year Ended December 31,		2014		2013		2012
Proceeds	$	6,556	$	6,167	$	3,336
Gross realized gains	$	30	$	7	$	35
Gross realized losses	$	23	$	-	$	-

- Definition

Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income.

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