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

12 Months Ended

Dec. 31, 2015


			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
December 31, 2015	Cost		Gains		Losses		Value
Securities available for sale:
U.S. agency mortgage-backed securities	$	22,014	$	183	$	48	$	22,149
Asset-backed securities		21,784		7		306		21,485
Corporate debt securities		10,764		14		31		10,747
U.S. Treasury securities		5,719		2		17		5,704
U.S. agency notes		3,177		-		27		3,150
Certificates of deposit		1,685		1		3		1,683
U.S. state and municipal securities		414		10		-		424
Non-agency commercial mortgage-backed securities		298		1		-		299
Other securities		5		-		-		5
Total securities available for sale	$	65,860	$	218	$	432	$	65,646
Securities held to maturity:
U.S. agency mortgage-backed securities	$	48,785	$	391	$	293	$	48,883
Non-agency commercial mortgage-backed securities		999		6		20		985
U.S. Treasury securities		223		-		3		220
Total securities held to maturity	$	50,007	$	397	$	316	$	50,088


			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
December 31, 2014	Cost		Gains		Losses		Value
Securities available for sale:
U.S. agency mortgage-backed securities	$	18,487	$	242	$	12	$	18,717
Asset-backed securities		19,320		64		18		19,366
Corporate debt securities		8,023		30		8		8,045
U.S. Treasury securities		2,993		2		1		2,994
U.S. agency notes		3,839		-		44		3,795
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


	Less than				12 months
	12 months				or longer				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
December 31, 2015	Value		Losses		Value		Losses		Value		Losses
Securities available for sale:
U.S. agency mortgage-backed securities	$	8,541	$	47	$	813	$	1	$	9,354	$	48
Asset-backed securities		17,127		240		2,743		66		19,870		306
Corporate debt securities		5,433		25		942		6		6,375		31
U.S. Treasury securities		5,010		17		-		-		5,010		17
U.S. agency notes		1,281		10		1,547		17		2,828		27
Certificates of deposit		773		2		599		1		1,372		3
Total	$	38,165	$	341	$	6,644	$	91	$	44,809	$	432
Securities held to maturity:
U.S. agency mortgage-backed securities	$	24,219	$	253	$	1,842	$	40	$	26,061	$	293
Non-agency commercial mortgage-backed
securities		729		20		-		-		729		20
U.S. Treasury securities		220		3		-		-		220		3
Total	$	25,168	$	276	$	1,842	$	40	$	27,010	$	316
Total securities with unrealized losses (1)	$	63,333	$	617	$	8,486	$	131	$	71,819	$	748

(1)	The number of investment positions with unrealized losses totaled 409 for securities available for sale and 286 for securities held to maturity.


	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:
U.S. agency mortgage-backed securities	$	2,247	$	5	$	1,767	$	7	$	4,014	$	12
Asset-backed securities		5,754		15		792		3		6,546		18
Corporate debt securities		1,781		4		552		4		2,333		8
U.S. Treasury securities		1,246		1		-		-		1,246		1
U.S. agency notes		-		-		3,696		44		3,696		44
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.


Year Ended December 31,		2015		2014		2013
Balance at beginning of year	$	2	$	169	$	159
Credit losses recognized into current year earnings on debt securities for
which an OTTI was not previously recognized		-		1		1
Credit losses recognized into current year earnings on debt securities for
which an OTTI was previously recognized		-		-		9
Reductions due to sale of debt securities for which an OTTI was
previously recognized		(1)		(168)		-
Balance at end of year	$	1	$	2	$	169


			After 1 year		After 5 years
	Within		through		through		After
December 31, 2015	1 year		5 years		10 years		10 years		Total
Securities available for sale:
U.S. agency mortgage-backed securities (1)	$	-	$	1,883	$	10,372	$	9,894	$	22,149
Asset-backed securities		-		7,014		3,555		10,916		21,485
Corporate debt securities		2,344		8,403		-		-		10,747
U.S. Treasury securities		2,494		3,015		195		-		5,704
U.S. agency notes		-		3,150		-		-		3,150
Certificates of deposit		935		748		-		-		1,683
U.S. state and municipal securities		-		-		19		405		424
Non-agency commercial mortgage-backed
securities (1)		-		-		-		299		299
Other securities		-		-		-		5		5
Total fair value	$	5,773	$	24,213	$	14,141	$	21,519	$	65,646
Total amortized cost	$	5,774	$	24,247	$	14,160	$	21,679	$	65,860
Securities held to maturity:
U.S. agency mortgage-backed securities (1)	$	-	$	2,380	$	20,337	$	26,166	$	48,883
Non-agency commercial mortgage-backed
securities (1)		-		-		357		628		985
U.S. Treasury securities		-		-		220		-		220
Total fair value	$	-	$	2,380	$	20,914	$	26,794	$	50,088
Total amortized cost	$	-	$	2,311	$	20,878	$	26,818	$	50,007

(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.