Investment Securities (Tables)

6 Months Ended

Jun. 30, 2016

Investment Securities [Abstract]

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

As of June 30, 2016
			Gross		Gross
	Amortized		unrealized		unrealized
(In thousands)	cost		gains		losses		Fair value
U.S. government agencies	$	13,594	$	33	$	—	$	13,627
Mortgage-backed securities-residential		10,145		357		—		10,502
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		160,639		3,639		(286)		163,992
Non-agency		2,243		51		—		2,294
Corporate bonds		1,700		94		—		1,794
Municipal bonds		9,724		275		(53)		9,946
Other securities		1,877		—		—		1,877
Common stocks		26		—		—		26
Total available for sale	$	199,948	$	4,449	$	(339)	$	204,058

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 June 30, 2016
	Amortized
(In thousands)	cost		Fair value
Within 1 year	$	1,003	$	1,001
After 1 but within 5 years		10,811		10,827
After 5 but within 10 years		9,091		9,319
After 10 years		4,113		4,220
Mortgage-backed securities-residential		10,145		10,502
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		160,639		163,992
Non-agency		2,243		2,294
Total available for sale debt securities		198,045		202,155
No contractual maturity		1,903		1,903
Total available for sale securities	$	199,948	$	204,058

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)	2016		2015		2016		2015
Gross realized gains	$	779	$	385	$	1,146	$	572
Gross realized losses		(44)		—		(44)		—
Net realized gains	$	735	$	385	$	1,102	$	572

Investment securities in a continuous unrealized loss position

June 30, 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
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies	$	8,801	$	(77)	3	$	10,705	$	(209)	3	$	19,506	$	(286)	6
Municipal bonds		3,034		(49)	3		1,328		(4)	2		4,362		(53)	5
Total available for sale	$	11,835	$	(126)	6	$	12,033	$	(213)	5	$	23,868	$	(339)	11

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