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Investments Investments (Tables)
12 Months Ended
Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost and Fair Value of Securities Available-for-sale
The amortized cost and fair value of securities available for sale are as follows:
 
 
 
As of December 31, 2014
 
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Estimated Fair Value
Available for sale:
 
 
 
 
 
 
 
 
Mortgage-backed securities
 
$
167,740

 
$
2,686

 
$
(1,492
)
 
$
168,934

 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2013
 
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Estimated Fair Value
Available for sale:
 
 
 
 
 
 
 
 
Mortgage-backed securities
 
$
106,977

 
$
706

 
$
(5,578
)
 
$
102,105

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value
The following table summarizes the amount of gross unrealized losses for our mortgage-backed securities and the estimated fair value by length of time the securities have been in an unrealized loss position:

 
 
Less than 12 months
 
12 months or more
 
Total
 
 
Gross unrealized losses
 
Estimated fair value
 
Gross unrealized losses
 
Estimated fair value
 
Gross unrealized losses
 
Estimated fair value
As of December 31, 2014:
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed securities
 
$
(27
)
 
$
12,147

 
$
(1,465
)
 
$
41,462

 
$
(1,492
)
 
$
53,609

 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed securities
 
$
(3,633
)
 
$
69,809

 
$
(1,945
)
 
$
16,176

 
$
(5,578
)
 
$
85,985

Amortized Cost and Fair Value of Securities by Contractual Maturities
As of December 31, 2014, the amortized cost and fair value of securities, by contractual maturities, are summarized below. Contractual maturities versus actual maturities may differ due to the effect of prepayments.
Year of Maturity
 
Amortized Cost
 
Estimated Fair Value
2038
 
$
604

 
$
647

2039
 
11,298

 
12,145

2042
 
27,721

 
26,617

2043
 
73,534

 
74,505

2044
 
54,583

 
55,020

Total
 
$
167,740

 
$
168,934