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Investment Securities (Tables)
 6 Months Ended
Jun. 30, 2012
Investment Securities [Abstract]  
Summary of the Company's investment portfolio

The following is a summary of the Company's investment portfolio as of June 30, 2012: 

 

(In 000’s)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortized Cost

 

 

Gross unrealized gains

 

 

Gross unrealized losses

 

 

Fair Value

 

Available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

    Government Sponsored Enterprises residential mortgage-backed securities

 

$

973

 

 

$

58

 

 

$

 -

 

 

$

1,031

 

Investments in money market funds

 

 

129

 

 

 

-

 

 

 

-

 

 

 

129

 

 

 

$

1,102

 

 

$

58

 

 

 

-

 

 

$

1,160

 

Held-to-maturity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government agencies

 

$

3,640

 

 

$

157

 

 

$

-

 

 

$

3,797

 

    Government Sponsored Enterprises residential mortgage-backed securities

 

 

   9,441

 

 

 

  454

 

 

 

   -

 

 

 

  9,895

 

 

 

$

13,081

 

 

$

611

 

 

$

-

 

 

$

13,692

 

 

The following is a summary of the Company's investment portfolio as of December 31, 2011: 

 

(In 000’s)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortized Cost

 

 

Gross unrealized gains

 

 

Gross unrealized losses

 

 

Fair Value

 

Available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

    Government Sponsored Enterprises residential mortgage-backed securities

 

$

1,094

 

 

$

58

 

 

$

 -

 

 

$

1,152

 

Investments in money market funds

 

 

129

 

 

 

-

 

 

 

-

 

 

 

129

 

 

 

$

1,223

 

 

$

58

 

 

$

-

 

 

$

1,281

 

Held-to-maturity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government agencies

 

$

7,531

 

 

$

158

 

 

$

-

 

 

$

7,689

 

    Government Sponsored Enterprises residential mortgage-backed securities

 

 

  9,678

 

 

 

  373

 

 

 

(2

)

 

 

  10,049

 

 

 

$

17,209

 

 

$

531

 

 

$

(2

)

 

$

17,738

 

 
Amortized cost and fair value of debt securities classified as available-for-sale and held-to-maturity, by contractual maturity

The amortized cost and fair value of debt securities classified as available-for-sale and held-to-maturity, by contractual maturity, as of June 30, 2012, are as follows:

(In 000’s)

 

Amortized Cost

 

 

Fair Value

 

Available-for-Sale

 

 

 

 

 

 

Due in one year

 

$

-

 

 

$

-

 

Due after one year through five years

 

 

-

 

 

 

-

 

Due after five years through ten years

 

 

-

 

 

 

-

 

Government Sponsored Enterprises residential mortgage-backed securities

 

 

973

 

 

 

1,031

 

 Total debt securities

 

$

973

 

 

$

1,031

 

 Investments in money market funds

 

$

129

 

 

$

129

 

 

 

$

1,102

 

 

$

1,160

 

Held-to-maturity

 

 

 

 

 

 

 

 

Due in one year

 

$

-

 

 

 

-

 

Due after one year through five years

 

 

3,640

 

 

 

3,797

 

Due after five years through ten years

 

 

-

 

 

 

-

 

Government Sponsored Enterprises residential mortgage-backed securities

 

 

9,441

 

 

 

9,895

 

 

 

$

13,081

 

 

$

13,692

 

 
Held-to-maturity securities, continuous unrealized loss position

The table below indicates the length of time individual securities have been in a continuous unrealized loss position at December 31, 2011:

 

    (in 000’s)

Less Than 12 Months

 

12 Months or Greater

 

Total

 

Description of Securities

Fair

Value

 

Unrealized

Losses

 

Fair

Value

 

Unrealized

Losses

 

Fair

Value

 

Unrealized

Losses

 

Held-to-maturity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Government Sponsored Enterprises residential mortgage-backed securities

 

$

1,018

 

 

$

(2

)

 

$

-

 

 

$

-

 

 

$

1,018

 

 

$

(2

)

     Total

 

$

1,018

 

 

$

(2

)

 

$

-

 

 

$

-

 

 

$

1,018

 

 

$

(2

)