Securities (Tables)

3 Months Ended

Mar. 31, 2014

Securities Tables

Schedule of amortized cost, unrealized gross gains and losses and fair values of securities available for sale

Securities have been classified according to management’s intent. The carrying amount of securities and approximate fair values are as follows (in thousands):

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
Securities Available for Sale:
At March 31, 2014:
Mortgage-backed securities	$	10,785	$	326	$	(68	)	$	11,042
U.S. Government and agency securities		20,348		126		(177	)		20,298
	$	31,133	$	452	$	(245	)	$	31,340
Securities Available for Sale:
At December 31, 2013:
Mortgage-backed securities	$	10,425	$	269	$	(69	)	$	10,625
U.S. Government and agency securities		12,561		37		(233	)		12,365
	$	22,986	$	306	$	(302	)	$	22,990

Schedule of securities available for sale, by contractual maturity

Securities not due at a single maturity date are shown separately (in thousands):

	Securities Available for Sale
	Amortized		Fair
	Cost		Value
Due in five through ten years	$	670	$	673
Due in ten years or more		19,678		19,625
Mortgage-backed securities		10,785		11,042
	$	31,133	$	31,340

Schedule of securities with continuous unrealized loss position

Securities with gross unrealized losses at March 31, 2014, aggregated by investment category and length of time that individual securities have been in a continuous loss position, are as follows (in thousands):

	Less Than Twelve Months
	Gross
	Unrealized			Fair
	Losses			Value
Securities Available for Sale:
Mortgage-backed securities	$	(68	)	$	3,606
U.S. Government and agency securities		(177	)		11,347
	$	(245	)	$	14,953