Investment Securities (Tables)

9 Months Ended

Sep. 30, 2015

Investment Securities [Abstract]

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

As of September 30, 2015			Included in OCI*
			Gross		Gross
	Amortized		unrealized		unrealized
(In thousands)	cost		gains		losses		Fair value
U.S. government agencies	$	26,126	$	20	$	(239)	$	25,907
Mortgage-backed securities-residential		14,184		249		(15)		14,418
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		170,111		3,122		(488)		172,745
Non-agency		2,910		25		(8)		2,927
Corporate bonds		1,500		20		—		1,520
Municipal bonds		9,926		165		(19)		10,072
Other securities		2,198		823		(24)		2,997
Common stocks		26		—		—		26
Total available for sale	$	226,981	$	4,424	$	(793)	$	230,612

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

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

	As of September 30, 2015
	Amortized
(In thousands)	cost		Fair value
Within 1 year	$	—	$	—
After 1 but within 5 years		8,085		8,080
After 5 but within 10 years		20,354		20,382
After 10 years		9,113		9,037
Mortgage-backed securities-residential		14,184		14,418
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		170,111		172,745
Non-agency		2,910		2,927
Total available for sale debt securities		224,757		227,589
No contractual maturity		2,224		3,023
Total available for sale securities	$	226,981	$	230,612

Gross realized gains and losses realized on sale of securities

	For the three months ended				For the nine months ended
	September 30,				September 30,
(In thousands)	2015		2014		2015		2014
Gross realized gains	$	104	$	446	$	676	$	1,143
Gross realized losses		(24)		(208)		(24)		(813)
Net realized gains	$	80	$	238	$	652	$	330

Investment securities in a continuous unrealized loss position

September 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	$	—	$	—	—	$	19,149	$	(239)	6	$	19,149	$	(239)	6
Mortgage-backed securities-residential		—		—	—		2,691		(15)	1		2,691		(15)	1
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		15,253		(13)	5		26,704		(475)	9		41,957		(488)	14
Non-agency		1,184		(8)	1		—		—	—		1,184		(8)	1
Municipal bonds		3,557		(19)	4		—		—	—		3,557		(19)	4
Other securities		235		(24)	1		—		—	—		235		(24)	1
Total available for sale	$	20,229	$	(64)	11	$	48,544	$	(729)	16	$	68,773	$	(793)	27

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