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Securities Held-to-Maturity
6 Months Ended
Jun. 30, 2018
Text Block [Abstract]  
Securities Held-to-Maturity

7. Securities Held-to-Maturity

The following table is a summary of the Company’s securities held-to-maturity:

 

     June 30,
2018
     December 31,
2017
 

Federal agency debt instruments (amortized cost)

   $ 20,229      $ 21,299  
  

 

 

    

 

 

 

The following table summarizes unrealized gains, losses, and fair value of securities held-to-maturity:

 

     June 30,
2018
     December 31,
2017
 

Cost/amortized cost

   $ 20,229      $ 21,299  

Gross unrealized gains

     5        9  

Gross unrealized losses

     (1,950      (1,257
  

 

 

    

 

 

 

Fair value

   $ 18,284      $ 20,051  
  

 

 

    

 

 

 

The Company assesses these securities for other-than-temporary impairment on a quarterly basis. No securities were determined to be other-than-temporarily impaired at June 30, 2018 or December 31, 2017. The Company does not intend to sell these securities and it is not more-likely-than-not that the Company will be required to sell the securities before recovery of their amortized cost bases, which may be maturity.

 

The following table sets forth the maturity profile of the securities held-to-maturity; however, these securities may be called prior to maturity date:

 

     June 30,
2018
     December 31,
2017
 

Due within one year

   $ —        $ 1,000  

Due one year through five years

     6        11  

Due five years through ten years

     6,025        6,027  

Due over ten years

     14,198        14,261  
  

 

 

    

 

 

 

Total

   $ 20,229      $ 21,299