3. Investments (Tables)

12 Months Ended

Dec. 31, 2015

Tables/Schedules

Schedule of Available-for-sale Securities Reconciliation

The amortized cost, gross unrealized holding gains and losses, and estimated fair value of the available-for-sale and held-to-maturity investment securities by major security type at December 31, 2015 and 2014 are as follows:

(In 000’s)	2015
		Gross	Gross
	Amortized	Unrealized	unrealized	Fair
	Cost	Gains	losses	Value
Available-for-sale:
U.S. Government agency securities	$  3,697	$  3	$  (38)	$   3,662
Government Sponsored Enterprises  residential mortgage-backed securities	3,774	36	(30)	3,780
Investments in money market funds	130	-	-	130
	$  7,601	$  39	$ (68)	$  7,572

United Bancshares, Inc. and Subsidiary

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED

December 31, 2015 and 2014

3.   INVESTMENTS-Continued

	2014
		Gross	Gross
	Amortized	Unrealized	unrealized	Fair
	Cost	Gains	losses	Value
Available-for-sale:
U.S. Government agency securities	$    4,097	$     -	$     (61)	$  4,036
Government Sponsored Enterprises  residential mortgage-backed securities	4,333	60	(20)	4,374
Investments in money market funds	130	-	-	130
	$    8,560	$  60	$    (81)	$  8,540

Schedule of Continuous Unrealized Loss Positions on Held-To-Maturity Investments

The table below indicates the length of time individual securities held-to-maturity have been in a continuous unrealized loss position at December 31, 2015 (in thousands):  

	Number	Less than 12 months		12 months or longer		Total
Description of	Of	Fair	Unrealized	Fair	Unrealized	Fair	Unrealized
Securities	Securities	value	Losses	Value	Losses	value	Losses
U.S. Government
agency securities	9	$  2,416	$   (32)	$  243	$   (6)	$  2,659	$  (38)
Mortgage backed
securities	8	1,486	(19)	227	(11)	1,713	(30)
Total temporarily
impaired investment
securities	17	$ 3,902	$   (51)	$ 470	$  (17)	$ 4,372	$  (68)

The table below indicates the length of time individual securities held-to-maturity have been in a continuous unrealized loss position at December 31, 2014 (in thousands):  

	Number	Less than 12 months		12 months or longer		Total
Description of	Of	Fair	Unrealized	Fair	Unrealized	Fair	Unrealized
Securities	Securities	value	Losses	Value	Losses	value	losses
U.S. Government
agency securities	13	$  246	$    (4)	$  3,290	$  (57)	$   3,536	$   (61)
Mortgage backed
securities	6	-	-	1,440	(20)	1,440	(20)
Total temporarily
impaired investment
securities	19	$  246	$    (4)	$ 4,730	$   (77)	$  4,976	$  (81)

Schedule of Investments Classified by Contractual Maturity Date

Maturities of investment securities classified as available-for-sale at December 31, 2015 were as follows. Expected maturities may differ from contractual maturities because the underlying mortgages supporting mortgage backed securities may be prepaid without any penalties. Consequently, mortgage-backed securities are not presented by maturity category.

(In 000’s)

	Amortized	Fair
	Cost	Value
Available-for-sale:
Due in one year	$         -	$       -
Due after one year through five years	-	-
Due after five years through ten years	3,697	3,662
Government-sponsored enterprises      residential mortgage-backed securities	3,774	3,780
Total debt securities	7,471	7,442
Investments in money market funds	130	130
	$ 7,601	$ 7,572