Securities (Tables)

3 Months Ended

Mar. 31, 2016

Securities [Abstract]

Reconciliation from Amortized Cost to Estimated Fair Value of Marketable Securities

	March 31, 2016								December 31, 2015
(In thousands)	Amortized cost		Gross unrealized gains		Gross unrealized losses		Estimated fair value		Amortized cost		Gross unrealized gains		Gross unrealized losses		Estimated fair value
Available for sale:
U.S. Government sponsored entities	$	7,001	$	28	$	(25)	$	7,004	$	6,649	$	-	$	(68)	$	6,581
State and political subdivisions		7,439		134		-		7,573		10,625		159		(2)		10,782
Residential mortgage-backed securities		24,635		541		(142)		25,034		26,191		449		(201)		26,439
Corporate and other securities		9,437		5		(487)		8,955		9,404		71		(412)		9,063
Total securities available for sale	$	48,512	$	708	$	(654)	$	48,566	$	52,869	$	679	$	(683)	$	52,865
Held to maturity:
U.S. Government sponsored entities	$	3,988	$	-	$	(30)	$	3,958	$	3,988	$	-	$	(87)	$	3,901
State and political subdivisions		2,362		204		-		2,566		2,364		187		(1)		2,550
Residential mortgage-backed securities		5,952		159		(11)		6,100		6,232		141		(28)		6,345
Commercial mortgage-backed securities		3,876		72		-		3,948		3,902		-		(62)		3,840
Corporate and other securities		1,985		-		(1)		1,984		1,985		-		(14)		1,971
Total securities held to maturity	$	18,163	$	435	$	(42)	$	18,556	$	18,471	$	328	$	(192)	$	18,607

Schedule of Marketable Securities by Contractual Maturity

	Within one year				After one through five years				After five through ten years				After ten years				Total carrying value
(In thousands, except percentages)	Amount		Yield		Amount		Yield		Amount		Yield		Amount		Yield		Amount		Yield
Available for sale at fair value:
U.S. Government sponsored entities	$	10	1.06	%	$	3,762	1.61	%	$	915	2.09	%	$	2,317	2.04	%	$	7,004	1.81	%
State and political subdivisions		-	-			1,407	2.55			3,749	2.98			2,417	2.58			7,573	2.77
Residential mortgage-backed securities		-	-			930	2.21			3,717	2.47			20,387	2.84			25,034	2.76
Corporate and other securities		1,990	1.34			659	1.51			4,284	1.39			2,022	1.75			8,955	1.46
Total securities available for sale	$	2,000	1.34	%	$	6,758	1.88	%	$	12,665	2.23	%	$	27,143	2.67	%	$	48,566	2.39	%
Held to maturity at cost:
U.S. Government sponsored entities	$	-	-	%	$	-	-	%	$	-	-	%	$	3,988	1.97	%	$	3,988	1.97	%
State and political subdivisions		264	0.75			-	-			-	-			2,098	4.74			2,362	4.29
Residential mortgage-backed securities		59	4.26			102	4.91			176	5.22			5,615	3.19			5,952	3.29
Commercial mortgage-backed securities		-	-			-	-			-	-			3,876	2.75			3,876	2.75
Corporate and other securities		-	-			-	-			1,985	4.61			-	-			1,985	4.61
Total securities held to maturity	$	323	1.39	%	$	102	4.91	%	$	2,161	4.66	%	$	15,577	2.98	%	$	18,163	3.16	%

Schedule of Marketable Securities in Unrealized Loss Position

	March 31, 2016
			Less than 12 months				12 months and greater				Total
(In thousands, except number in a loss position)	Total number in a loss position		Estimated fair value		Unrealized loss		Estimated fair value		Unrealized loss		Estimated fair value		Unrealized loss
Available for sale:
U.S. Government sponsored entities		4	$	2,774	$	(9)	$	1,538	$	(16)	$	4,312	$	(25)
Residential mortgage-backed securities		7		2,082		(7)		4,142		(135)		6,224		(142)
Corporate and other securities		13		4,709		(196)		3,702		(291)		8,411		(487)
Total temporarily impaired securities		24	$	9,565	$	(212)	$	9,382	$	(442)	$	18,947	$	(654)
Held to maturity:
U.S. Government sponsored entities		2	$	3,957	$	(30)	$	-	$	-	$	3,957	$	(30)
Residential mortgage-backed securities		3		-		-		1,770		(11)		1,770		(11)
Corporate and other securities		1	$	984		(1)		-		-		984		(1)
Total temporarily impaired securities		6	$	4,941	$	(31)	$	1,770	$	(11)	$	6,711	$	(42)

	December 31, 2015
			Less than 12 months				12 months and greater				Total
(In thousands, except number in a loss position)	Total number in a loss position		Estimated fair value		Unrealized loss		Estimated fair value		Unrealized loss		Estimated fair value		Unrealized loss
Available for sale:
U.S. Government sponsored entities		9	$	4,165	$	(12)	$	2,416	$	(56)	$	6,581	$	(68)
State and political subdivisions		3		1,584		(2)		-		-		1,584		(2)
Residential mortgage-backed securities		11		6,195		(36)		4,508		(165)		10,703		(201)
Corporate and other securities		11		4,730		(174)		3,756		(238)		8,486		(412)
Total temporarily impaired securities		34	$	16,674	$	(224)	$	10,680	$	(459)	$	27,354	$	(683)
Held to maturity:
U.S. Government sponsored entities		2	$	-	$	-	$	3,901	$	(87)	$	3,901	$	(87)
State and political subdivisions		1		263		(1)		-		-		263		(1)
Residential mortgage-backed securities		3		-		-		1,853		(28)		1,853		(28)
Commercial mortgage-backed securities		2		3,840		(62)		-		-		3,840		(62)
Corporate and other securities		1		971		(14)		-		-		971		(14)
Total temporarily impaired securities		9	$	5,074	$	(77)	$	5,754	$	(115)	$	10,828	$	(192)

Schedule of Realized Gains (Losses) for Marketable Securities

	For the years ended March 31,
(In thousands)	2016		2015
Available for sale:
Realized gains	$	94	$	-
Realized losses		-		-
Total securities available for sale		94		-
Held to maturity:
Realized gains		-		-
Realized losses		-		-
Total securities held to maturity		-		-
Net gains on sales of securities	$	94	$	-