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2. Investment Securities (Tables)

3 Months Ended

Mar. 31, 2014

The amortized costs of investment securities held to maturity are carried in the consolidated balance sheets and their approximate market values at March 31, 2014 and December 31, 2013 are as follows:

	2014				2013
			Market				Market
	Cost		Value		Cost		Value

Securities held to maturity
U. S. Treasury and agency obligations	$	106	$	106	$	106	$	106
Total	$	106	$	106	$	106	$	106

	March 31, 2014
			Unrealized				Market
	Cost		Gains		Losses		Value
Securities available for sale
Government sponsored enterprises	$	10,080	$	19	$	24	$	10,075
Mortgage-backed securities		1,161		5		-		1,166
Total	$	11,241	$	24	$	24	$	11,241

	December 31, 2013
			Unrealized				Market
	Cost		Gains		Losses		Value
Securities available for sale
Government sponsored enterprises	$	29,076	$	11	$	22	$	29,065
Mortgage-backed securities		1,209		-		8		1,201
Total	$	30,285	$	11	$	30	$	30,266

Schedule Amortized Cost and Fair Value for Securities

The amortized cost and fair value of securities at March 31, 2014, by contractual maturity are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

	Securities Held to Maturity				Securities Available for Sale
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
Due in one year or less	$	106	$	106	$	2,002	$	1,999
Due after one year through five years		-		-		8,078		8,076
Due after five years		-		-		1,161		1,166
Total	$	106	$	106	$	11,241	$	11,241

Schedule of Securities with Unrealized Losses

The fair value and gross unrealized losses for securities, segregated by the length of time that individual securities have been in a continuous gross unrealized loss position, at March 31, 2014 and December 31, 2013 were as follows (dollars in thousands):

	Less than 12 Months					More than 12 Months				Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses		Fair Value		Unrealized Losses

March 31, 2014
Government sponsored Enterprises	$	5,985	$	(24	)	$	-	$	-	$	5,985	$	(24	)
Total	$	5,985	$	(24	)	$	-	$	-	$	5,985	$	(24	)

December 31, 2013
Government sponsored Enterprises	$	4,984	$	(22	)	$	-	$	-	$	4,984	$	(22	)
Mortgage backed obligations		1,191		(8	)		-		-		1,191		(8	)
Total	$	6,175	$	(30	)	$	-	$	-	$	6,175	$	(30	)

- Definition

Disclosure of accounting policy for investments in financial assets, including marketable securities (debt and equity securities with readily determinable fair values), investments accounted for under the equity method and cost method, securities borrowed and loaned, and repurchase and resale agreements. For marketable securities, the disclosure may include the entity's accounting treatment for transfers between investment categories and how the fair values for such securities are determined. Also, for all investments, an entity may describe its policy for assessing, recognizing and measuring impairment of the investment.

+ References+ Details