Securities (Tables)

9 Months Ended

Sep. 30, 2016

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-For-Sale Securities Reconciliation

The amortized cost and fair value of securities available-for-sale at September 30, 2016 and December 31, 2015 are summarized as follows (in thousands):

	September 30, 2016
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Government-sponsored enterprises (GSEs)	$	18,297	$	21	$	(30	)	$	18,288
Municipal securities	7,661		137		(6		)	7,792
Mortgage-backed securities	111,943		1,009		(404		)	112,548
	$	137,901	$	1,167	$	(440	)	$	138,628

	December 31, 2015
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Government-sponsored enterprises (GSEs)	$	22,745	$	48	$	(50	)	$	22,743
Municipal securities	7,614		52		(17		)	7,649
Mortgage-backed securities	136,625		375		(979		)	136,021
	$	166,984	$	475	$	(1,046	)	$	166,413

Investments Classified by Contractual Maturity Date

The amortized cost and estimated fair value of securities at September 30, 2016, by contractual maturity, are shown below (in thousands). Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

	Amortized Cost		Fair Value
Due in one year or less	$	2,030	$	2,036
Due from one year to five years	13,606		13,595
Due from five years to ten years	6,323		6,366
Due after ten years	3,999		4,083
	25,958		26,080
Mortgage-backed securities	111,943		112,548
	$	137,901	$	138,628

Schedule of Unrealized Loss on Investments

The following tables present the gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities available-for-sale have been in a continuous unrealized loss position, as of September 30, 2016 and December 31, 2015 (in thousands):

	As of September 30, 2016
	Less than 12 Months			12 Months or Greater			Total
	Fair Value	Gross Unrealized Losses		Fair Value	Gross Unrealized Losses		Fair Value	Gross Unrealized Losses
U.S. Government- sponsored enterprises (GSEs)	8,404	(30	)	—	—		8,404	(30	)
Municipal securities	1,552	(6	)	—	—		1,552	(6	)
Mortgage-backed securities	27,845	(230	)	11,269	(174	)	39,114	(404	)
	37,801	(266	)	11,269	(174	)	49,070	(440	)

	As of December 31, 2015
	Less than 12 Months					12 Months or Greater					Total
	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
U.S. Government- sponsored enterprises (GSEs)	$	8,464	$	(50	)	$	—	$	—		$	8,464	$	(50	)
Municipal securities	2,456		(17		)	—		—			2,456		(17		)
Mortgage-backed securities	72,641		(470		)	16,325		(509		)	88,966		(979		)
	$	83,561	$	(537	)	$	16,325	$	(509	)	$	99,886	$	(1,046	)