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INVESTMENT SECURITIES (Tables)
3 Months Ended
Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost, Gross Unrealized Gains, Gross Unrealized Losses, and Fair Values of Securities Available-for-sale
 
December 31, 2015
Securities Available-for-Sale:
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
Taxable municipal securities
$
24,789

 
$
225

 
$
447

 
$
24,567

Mortgage-backed securities
 
 
 
 
 
 
 
GNMA
13,512

 
68

 
50

 
13,530

FNMA & FHLMC
32,024

 
—

 
351

 
31,673

Other debt securities
500

 
—

 
—

 
500

Equity securities
11

 
—

 
—

 
11

Total
$
70,836

 
$
293

 
$
848

 
$
70,281

 
March 31, 2016
Securities Available-for-Sale:
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
Taxable municipal securities
$
24,781

 
$
665

 
$
26

 
$
25,420

Mortgage-backed securities
 
 
 
 
 
 
 
GNMA
13,343

 
207

 
5

 
13,545

FNMA & FHLMC
30,831

 
169

 
16

 
30,984

Other debt securities
500

 
—

 
—

 
500

Equity securities
11

 
—

 
—

 
11

Total
$
69,466

 
$
1,041

 
$
47

 
$
70,460

Schedule of Amortized Cost, Gross Unrealized Gains, Gross Unrealized Losses, and Fair Values of Securities Held-to-maturity
 
December 31, 2015
Securities Held-to-Maturity:
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
Taxable municipal securities
$
3,531

 
$
1

 
$
20

 
$
3,512

Mortgage-backed securities
 
 
 
 
 
 
 
  GNMA
59,185

 
509

 
230

 
59,464

  FNMA
2,638

 
19

 
—

 
2,657

Total
$
65,354

 
$
529

 
$
250

 
$
65,633

 
March 31, 2016
Securities Held-to-Maturity:
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
Taxable municipal securities
$
3,418

 
$
48

 
$
—

 
$
3,466

Mortgage-backed securities
 
 
 
 
 
 
 
GNMA
56,351

 
1,068

 
16

 
57,403

FNMA
2,443

 
56

 
—

 
2,499

Total
$
62,212

 
$
1,172

 
$
16

 
$
63,368

Schedule of Gross Unrealized Losses and Fair Values of Investment Securities
The following tables show gross unrealized losses and fair values of investment securities, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at March 31, 2016 and December 31, 2015 (amounts in thousands).
 
March 31, 2016
 
Less Than 12 Months
 
12 Months or More
 
Total
Securities Available-for-Sale:
# Securities
 
Fair
value
 
Unrealized
losses
 
# Securities
 
Fair
value
 
Unrealized
losses
 
Fair
value
 
Unrealized
losses
Taxable municipal securities
5

 
$
4,384

 
$
11

 
1

 
$
779

 
$
15

 
$
5,163

 
$
26

Mortgage-backed securities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
GNMA
1

 
4,624

 
5

 
—

 
—

 
—

 
4,624

 
5

FNMA & FHLMC
3

 
3,438

 
16

 
—

 
—

 
—

 
3,438

 
16

Total temporarily impaired securities
9

 
$
12,446

 
$
32

 
1

 
$
779

 
$
15

 
$
13,225

 
$
47


 
March 31, 2016
 
Less Than 12 Months
 
12 Months or More
 
Total
Securities Held-to-Maturity:
# Securities
 
Fair
value
 
Unrealized
losses
 
# Securities
 
Fair
value
 
Unrealized
losses
 
Fair
value
 
Unrealized
losses
Mortgage-backed securities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
GNMA
1

 
$
1,000

 
$
1

 
1

 
$
3,292

 
$
15

 
$
4,292

 
$
16

Total temporarily impaired securities
1

 
$
1,000

 
$
1

 
1

 
$
3,292

 
$
15

 
$
4,292

 
$
16


 
December 31, 2015
 
Less Than 12 Months
 
12 Months or More
 
Total
Securities Available-for-Sale:
# Securities
 
Fair
value
 
Unrealized
losses
 
# Securities
 
Fair
value
 
Unrealized
losses
 
Fair
value
 
Unrealized
losses
Taxable municipal securities
20

 
$
16,888

 
$
447

 
—

 
$
—

 
$
—

 
$
16,888

 
$
447

Mortgage-backed securities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
GNMA
3

 
10,010

 
50

 
—

 
—

 
—

 
10,010

 
50

FNMA & FHLMC
11

 
31,673

 
351

 
—

 
—

 
—

 
31,673

 
351

Total temporarily impaired securities
34

 
$
58,571

 
$
848

 
—

 
$
—

 
$
—

 
$
58,571

 
$
848



 
December 31, 2015
 
Less Than 12 Months
 
12 Months or More
 
Total
Securities Held-to-Maturity:
# Securities
 
Fair
value
 
Unrealized
losses
 
# Securities
 
Fair
value
 
Unrealized
losses
 
Fair
value
 
Unrealized
losses
Taxable municipal securities
9

 
$
3,325

 
$
20

 
—

 
$
—

 
$
—

 
$
3,325

 
$
20

Mortgage-backed securities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
GNMA
14

 
20,784

 
116

 
3

 
5,130

 
114

 
25,914

 
230

Total temporarily impaired securities
23

 
$
24,109

 
$
136

 
3

 
$
5,130

 
$
114

 
$
29,239

 
$
250

Amortized Cost and Fair Value of Available-for-sale and Held-to-maturity Securities by Expected Maturities
The amortized cost and fair value of available-for-sale and held-to-maturity securities at March 31, 2016 by expected maturities are shown on the following table (amounts 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.
 
March 31, 2016
Securities Available-for-Sale:
Amortized Cost
 
Fair Value
Taxable municipal securities:
 
 
 
Due after ten years
$
24,781

 
$
25,420

Total taxable municipal securities
24,781

 
25,420

 
 
 
 
Mortgage-backed securities - GNMA/FNMA & FHLMC:
 
 
 
Due after ten years
44,174

 
44,529

Total mortgage-backed securities - GNMA/FNMA & FHLMC
44,174

 
44,529

 
 
 
 
Other debt securities:
 
 
 
Due after five years through ten years
500

 
500

Total other debt securities
500

 
500

 
 
 
 
Other securities:
 
 
 
Equity securities
11

 
11

Total other securities
11

 
11

 
 
 
 
Total available-for-sale securities
$
69,466

 
$
70,460

 
 
 
 
Securities Held-to-Maturity:
 
 
 
Taxable municipal securities:
 
 
 
Due within one year
$
157

 
$
158

Due after one year through five years
2,200

 
2,225

Due after five years through ten years
1,061

 
1,083

Total taxable municipal securities
3,418

 
3,466

 
 
 
 
Mortgage-backed securities - GNMA/FNMA:
 
 
 
Due after five years through ten years
7,443

 
7,664

Due after ten years
51,351

 
52,238

Total mortgage-backed securities - GNMA/FNMA
58,794

 
59,902

 
 
 
 
Total held-to-maturity securities
$
62,212

 
$
63,368