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SECURITIES (Tables)
6 Months Ended
Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]  
Composition of Securities
(in thousands)

Amortized

cost (1)

 

Gross un-

realized gains

 

Gross un-

realized losses

 Fair Value 
June 30, 2016                    
Available-for-sale                    
U.S. Treasury notes  $9,998   $17   $   $10,015 
Municipal bonds   20,459    490        20,949 
Mortgage-backed securities                    
U.S. Government agencies and U.S. Government-sponsored enterprises   38,220    430    (9)   38,641 
Collateralized mortgage obligations                    
U.S. Government agencies   1,732    8        1,740 
Non-agency   3,928    395    (11)   4,312 
SBA bonds   2,628    26        2,654 
CRA mutual funds   774    14        788 
Corporate bonds   1,000        (3)   997 
Preferred stock   20    322        342 
Total securities available-for-sale  $78,759   $1,702   $(23)  $80,438 
Non-marketable securities                    
Federal Home Loan Bank of Boston stock  $3,436   $   $   $3,436 

 

(in thousands)

Amortized

cost (1)

 

Gross un-

realized gains

 

Gross un-

realized losses

 Fair Value 
December 31, 2015                    
Available-for-sale                    
U.S. Treasury notes  $2,499   $42   $   $2,541 
U.S. Government agency notes   498            498 
Municipal bonds   29,752    633        30,385 
Mortgage-backed securities                    
U.S. Government agencies and U.S. Government-sponsored enterprises   31,900    385    (83)   32,202 
Collateralized mortgage obligations                    
U.S. Government agencies   2,002    12        2,014 
Non-agency   4,487    468    (7)   4,948 
SBA bonds   3,065    31        3,096 
CRA mutual funds   766        (2)   764 
Preferred stock   20    226        246 
Total securities available-for-sale  $74,989   $1,797   $(92)  $76,694 
Non-marketable securities                    
Federal Home Loan Bank of Boston stock  $3,176   $   $   $3,176 
(1)Net of other-than-temporary impairment write-downs recognized in earnings.
Aggreggate fair value and gross unrealized loss of securities
  (in thousands)  Less than 12 Months  12 Months or Longer  Total
   Fair
value
 

Unrealized

losses

  Fair
value
 

Unrealized

losses

  Fair
value
  Unrealized losses
June 30, 2016                              
Available-for-sale                              
Mortgage-backed securities  $255   $(3)  $218   $(6)  $473   $(9)
Collateralized mortgage obligations:                              
Non-agency   323    (2)   192    (4)   515    (6)
Corporate bonds   498    (3)           498    (3)
Total temporarily impaired securities   1,076    (8)   410    (10)   1,486    (18)
Other-than-temporarily impaired securities                              
Collateralized mortgage obligations:                              
Non-agency   207    (5)           207    (5)
Total temporarily impaired and other-than-temporarily impaired securities  $1,283   $(13)  $410   $(10)  $1,693   $(23)
Activity related to credit losses recognized into earnings
  Six months ended June 30 (in thousands)    2016      2015  
Balance, beginning of period  $1,128   $1,128 
Credit component on debt securities in which OTTI was not previously recognized        
Balance, end of period  $1,128   $1,128