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Investment Securities (Tables)
 6 Months Ended
Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]  
Comparison of amortized cost and fair value of securities available for sale
Following is a comparison of the amortized cost and fair value of securities available-for-sale, as of June 30, 2016 and December 31, 2015:
(in 000's)
 Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value (Carrying Amount)
June 30, 2016
 
 
 
Securities available for sale:
 
 
 
U.S. Government agencies
$
13,419

 
$
330

 
$
(4
)
 
$
13,745

U.S. Government sponsored entities & agencies collateralized by mortgage obligations
24,628

 
372

 
—

 
25,000

Mutual Funds
4,000

 
—

 
(110
)
 
3,890

Total securities available for sale
$
42,047

 
$
702

 
$
(114
)
 
$
42,635

(in 000's)
 Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value (Carrying Amount)
December 31, 2015
 
 
 
Securities available for sale:
 
 
 
U.S. Government agencies
$
9,778

 
$
453

 
$
(108
)
 
$
10,123

U.S. Government sponsored entities & agencies collateralized by mortgage obligations
16,835

 
175

 
(52
)
 
16,958

Mutual Funds
4,000

 
—

 
(188
)
 
3,812

Total securities available for sale
$
30,613

 
$
628

 
$
(348
)
 
$
30,893
Contractual maturities on collateralized mortgage obligation
The amortized cost and fair value of securities available for sale at June 30, 2016, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because issuers have the right to call or prepay obligations with or without call or prepayment penalties. Contractual maturities on collateralized mortgage obligations cannot be anticipated due to allowed paydowns. Mutual funds are included in the "due in one year or less" category below.
 
June 30, 2016
 
Amortized Cost
 
Fair Value (Carrying Amount)
(in 000's)
 
Due in one year or less
$
4,006

 
$
3,896

Due after one year through five years
—

 
—

Due after five years through ten years
921

 
938

Due after ten years
12,492

 
12,801

Collateralized mortgage obligations
24,628

 
25,000

 
$
42,047

 
$
42,635
Temporarily impaired investment securities
The following summarizes temporarily impaired investment securities:
(in 000's)
Less than 12 Months
 
12 Months or More
 
Total
June 30, 2016
Fair Value (Carrying Amount)
 
 Unrealized Losses
 
Fair Value (Carrying Amount)
 
 Unrealized Losses
 
Fair Value (Carrying Amount)
 
 Unrealized Losses
Securities available for sale:
 
 
 
 
 
U.S. Government agencies
$
1,966

 
$
(4
)
 


 


 
$
1,966

 
$
(4
)
Mutual Funds
—

 
—

 
3,890

 
(110
)
 
3,890

 
(110
)
Total impaired securities
$
1,966

 
$
(4
)
 
$
3,890

 
$
(110
)
 
$
5,856

 
$
(114
)
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
 

 
 

 
 

 
 

 
 

 
 

Securities available for sale:
 

 
 

 
 

 
 

 
 

 
 

U.S. Government agencies
$
79

 
$
(108
)
 
$
—

 
$
—

 
$
79

 
$
(108
)
U.S. Government sponsored entities & agencies collateralized by mortgage obligations
9,913

 
(52
)
 
—

 
—

 
9,913

 
(52
)
Mutual Funds
—

 
—

 
3,812

 
(188
)
 
3,812

 
(188
)
Total impaired securities
$
9,992

 
$
(160
)
 
$
3,812

 
$
(188
)
 
$
13,804

 
$
(348
)