Investment Securities (Tables)

6 Months Ended

Jun. 30, 2015

Investment Securities [Abstract]

Amortized cost, gross unrealized gains and losses, and fair value of available-for-sale investment securities

As of June 30, 2015			Included in OCL*
			Gross		Gross
	Amortized		unrealized		unrealized
(In thousands)	cost		gains		losses		Fair value
U.S. government agencies	$	26,125	$	—	$	(641)	$	25,484
Mortgage-backed securities-residential		14,692		114		(115)		14,691
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		143,463		2,582		(919)		145,126
Non-agency		3,093		3		(30)		3,066
Corporate bonds		10,583		76		(19)		10,640
Municipal bonds		9,941		77		(35)		9,983
Other securities		2,198		832		(24)		3,006
Common stocks		26		—		—		26
Total available for sale	$	210,121	$	3,684	$	(1,783)	$	212,022

As of December 31, 2014			Included in OCI*
			Gross		Gross
	Amortized		unrealized		unrealized
(In thousands)	cost		gains		losses		Fair value
U.S. government agencies	$	26,123	$	—	$	(834)	$	25,289
Mortgage-backed securities-residential		22,073		375		(61)		22,387
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		167,711		2,350		(1,084)		168,977
Non-agency		3,738		7		(14)		3,731
Corporate bonds		15,617		144		(34)		15,727
Municipal bonds		10,117		91		(35)		10,173
Other securities		2,684		1,350		—		4,034
Common stocks		33		17		—		50
Total available for sale	$	248,096	$	4,334	$	(2,062)	$	250,368

*Other comprehensive income (loss)

Amortized cost and fair value of investment securities, by contractual maturity

	As of June 30, 2015
	Amortized
(In thousands)	cost		Fair value
Within 1 year	$	—	$	—
After 1 but within 5 years		12,234		12,184
After 5 but within 10 years		25,303		25,057
After 10 years		9,112		8,866
Mortgage-backed securities-residential		14,692		14,691
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		143,463		145,126
Non-agency		3,093		3,066
Total available for sale debt securities		207,897		208,990
No contractual maturity		2,224		3,032
Total available for sale securities	$	210,121	$	212,022

Gross realized gains and losses realized on sale of securities

	For the three months ended				For the six months ended
	June 30,				June 30,
(In thousands)	2015		2014		2015		2014
Gross realized gains	$	385	$	697	$	572	$	697
Gross realized losses		—		(605)		—		(605)
Net realized gains	$	385	$	92	$	572	$	92

Investment securities in a continuous unrealized loss position

June 30, 2015	Less than 12 months					12 months or longer					Total
			Gross		Number			Gross		Number			Gross		Number
			unrealized		of			unrealized		of			unrealized		of
(In thousands)	Fair value		losses		positions	Fair value		losses		positions	Fair value		losses		positions
U.S. government agencies	$	—	$	—	—	$	25,484	$	(641)	8	$	25,484	$	(641)	8
Mortgage-backed securities-residential		8,367		(72)	3		2,748		(43)	1		11,115		(115)	4
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		27,728		(171)	10		27,300		(748)	9		55,028		(919)	19
Non-agency		1,221		(30)	1		—		—	—		1,221		(30)	1
Corporate bonds		997		(3)	1		1,984		(16)	2		2,981		(19)	3
Municipal bonds		4,108		(32)	5		1,003		(3)	1		5,111		(35)	6
Other securities		235		(24)	1		—		—	—		235		(24)	1
Total available for sale	$	42,656	$	(332)	21	$	58,519	$	(1,451)	21	$	101,175	$	(1,783)	42

December 31, 2014	Less than 12 months					12 months or longer					Total
			Gross		Number			Gross		Number			Gross		Number
			unrealized		of			unrealized		of			unrealized		of
(In thousands)	Fair value		losses		positions	Fair value		losses		positions	Fair value		losses		positions
U.S. government agencies	$	—	$	—	—	$	25,289	$	(834)	8	$	25,289	$	(834)	8
Mortgage-backed securities-residential		—		—	—		8,913		(61)	3		8,913		(61)	3
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		36,757		(204)	12		38,798		(880)	12		75,555		(1,084)	24
Non-agency		1,432		(14)	1		—		—	—		1,432		(14)	1
Corporate bonds		8,054		(25)	5		991		(9)	1		9,045		(34)	6
Municipal bonds		1,639		(7)	2		3,079		(28)	4		4,718		(35)	6
Total available for sale	$	47,882	$	(250)	20	$	77,070	$	(1,812)	28	$	124,952	$	(2,062)	48