Investment Securities (Tables)

3 Months Ended

Mar. 31, 2016

Investment Securities [Abstract]

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

As of March 31, 2016
			Gross		Gross
	Amortized		unrealized		unrealized
(In thousands)	cost		gains		losses		Fair value
U.S. government agencies	$	15,949	$	11	$	(69)	$	15,891
Mortgage-backed securities-residential		10,673		250		—		10,923
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		155,465		2,852		(397)		157,920
Non-agency		2,449		29		—		2,478
Corporate bonds		1,500		58		—		1,558
Municipal bonds		9,895		172		(66)		10,001
Other securities		2,117		314		—		2,431
Common stocks		26		—		—		26
Total available for sale	$	198,074	$	3,686	$	(532)	$	201,228

As of December 31, 2015
			Gross		Gross
	Amortized		unrealized		unrealized
(In thousands)	cost		gains		losses		Fair value
U.S. government agencies	$	26,127	$	—	$	(564)	$	25,563
Mortgage-backed securities-residential		11,002		106		(50)		11,058
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		170,764		1,524		(1,554)		170,734
Non-agency		2,729		1		(26)		2,704
Corporate bonds		1,500		56		—		1,556
Municipal bonds		9,910		73		(52)		9,931
Other securities		2,050		445		—		2,495
Common stocks		26		—		—		26
Total available for sale	$	224,108	$	2,205	$	(2,246)	$	224,067

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

	As of March 31, 2016
	Amortized
(In thousands)	cost		Fair value
Within 1 year	$	—	$	—
After 1 but within 5 years		11,644		11,622
After 5 but within 10 years		11,587		11,649
After 10 years		4,113		4,179
Mortgage-backed securities-residential		10,673		10,923
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		155,465		157,920
Non-agency		2,449		2,478
Total available for sale debt securities		195,931		198,771
No contractual maturity		2,143		2,457
Total available for sale securities	$	198,074	$	201,228

Gross realized gains and losses realized on sale of securities

	For the three months ended
	March 31,
(In thousands)	2016		2015
Gross realized gains	$	367	$	187
Gross realized losses		—		—
Net realized gains	$	367	$	187

Investment securities in a continuous unrealized loss position

March 31, 2016	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	$	—	$	—	—	$	4,288	$	(69)	2	$	4,288	$	(69)	2
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		6,970		(82)	3		13,372		(315)	4		20,342		(397)	7
Municipal bonds		3,521		(63)	4		991		(3)	1		4,512		(66)	5
Total available for sale	$	10,491	$	(145)	7	$	18,651	$	(387)	7	$	29,142	$	(532)	14

December 31, 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	$	6,681	$	(57)	2	$	18,882	$	(507)	6	$	25,563	$	(564)	8
Mortgage-backed securities-residential		5,140		(5)	2		2,574		(45)	1		7,714		(50)	3
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		87,020		(994)	31		15,644		(560)	5		102,664		(1,554)	36
Non-agency		1,101		(26)	1		—		—	—		1,101		(26)	1
Municipal bonds		6,080		(52)	7		—		—	—		6,080		(52)	7
Total available for sale	$	106,022	$	(1,134)	43	$	37,100	$	(1,112)	12	$	143,122	$	(2,246)	55