Investment Securities (Tables)

9 Months Ended

Sep. 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 September 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	$	903	$	56	$	-		$	959
Investments in money market funds		129		-		-			129
	$	1,032	$	56		-		$	1,088
Held-to-maturity:
U.S. government agencies	$	3,355	$	171	$	-		$	3,526
Government Sponsored Enterprises residential mortgage-backed securities		9,044		505		(1	)		9,548
	$	12,399	$	676	$	(1	)	$	13,074

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 September 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		903			959
Total debt securities	$	903		$	959
Investments in money market funds	$	129		$	129
	$	1,032		$	1,088
Held-to-maturity
Due in one year	$	-			-
Due after one year through five years		250			270
Due after five years through ten years		3,105			3,256
Government Sponsored Enterprises residential mortgage-backed securities		9,044			9,548
	$	12,399		$	13,074

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 September 30, 2012:

(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		$	255		$	(1	)		$	-		$	-		$	255		$	(1	)
Total		$	255		$	(1	)		$	-		$	-		$	255		$	(1	)

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	)