Investment Securities (Tables)

6 Months Ended

Jun. 30, 2017

Investment Securities [Abstract]

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

As of June 30, 2017
			Gross		Gross
	Amortized		unrealized		unrealized
(In thousands)	cost		gains		losses		Fair value
U.S. government agencies	$	2,127	$	—	$	(5)	$	2,122
Mortgage-backed securities-residential		7,029		178		—		7,207
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		115,532		911		(854)		115,589
Non-agency		—		—		—		—
Corporate bonds		1,700		28		—		1,728
Municipal bonds		7,468		132		(42)		7,558
Other securities		1,706		—		—		1,706
Common stocks		26		—		—		26
Total available for sale	$	135,588	$	1,249	$	(901)	$	135,936

As of December 31, 2016
			Gross		Gross
	Amortized		unrealized		unrealized
(In thousands)	cost		gains		losses		Fair value
U.S. government agencies	$	988	$	—	$	(22)	$	966
Mortgage-backed securities-residential		6,985		70		(17)		7,038
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		146,666		1,022		(2,129)		145,559
Non-agency		4,121		—		(86)		4,035
Corporate bonds		1,700		1		—		1,701
Municipal bonds		8,691		92		(75)		8,708
Other securities		1,821		—		—		1,821
Common stocks		26		—		—		26
Total available for sale	$	170,998	$	1,185	$	(2,329)	$	169,854

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

	As of June 30, 2017
	Amortized
(In thousands)	cost		Fair value
Within 1 year	$	1,798	$	1,797
After 1 but within 5 years		7,490		7,544
After 5 but within 10 years		1,007		1,039
After 10 years		1,000		1,028
Mortgage-backed securities-residential		7,029		7,207
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		115,532		115,589
Total available for sale debt securities		133,856		134,204
No contractual maturity		1,732		1,732
Total available for sale securities	$	135,588	$	135,936

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)	2017		2016		2017		2016
Gross realized gains	$	293	$	779	$	293	$	1,146
Gross realized losses		(17)		(44)		(17)		(44)
Net realized gains	$	276	$	735	$	276	$	1,102

Investment securities in a continuous unrealized loss position

June 30, 2017	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	$	2,122	$	(5)	2	$	—	$	—	—	$	2,122	$	(5)	2
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		47,191		(422)	18		15,647		(432)	6		62,838		(854)	24
Municipal bonds		664		(1)	2		2,151		(41)	3		2,815		(42)	5
Total available for sale	$	49,977	$	(428)	22	$	17,798	$	(473)	9	$	67,775	$	(901)	31

December 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	$	966	$	(22)	1	$	—	$	—	—	$	966	$	(22)	1
Mortgage-backed securities-residential		4,237		(17)	2		—		—	—		4,237		(17)	2
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		73,864		(1,630)	31		12,045		(499)	4		85,909		(2,129)	35
Non-agency		4,035		(86)	3		—		—	—		4,035		(86)	3
Municipal bonds		1,678		(45)	3		2,314		(30)	3		3,992		(75)	6
Total available for sale	$	84,780	$	(1,800)	40	$	14,359	$	(529)	7	$	99,139	$	(2,329)	47