Investment Securities (Tables)

12 Months Ended

Dec. 31, 2016

Summary of Investments in Available-for-sale and Held-to-maturity Securities

The following is a summary of the Company's investment in available for sale and held to maturity securities as of December 31, 2016 and 2015:



As of December 31, 2016	Amortized cost		Gross unrealized gains		Gross unrealized losses		Other than temporary impairments in OCI		Fair value
	(Amounts in thousands)
Available for sale:
Corporate debt obligations	$	1,000	$	11	$	—	$	—	$	1,011
Residential mortgage-backed securities	43,530		218		508		—		43,240
Collateralized mortgage obligations	160		6		—		—		166
Collateralized debt obligations	746		—		—		309		437
Total available for sale	$	45,436	$	235	$	508	$	309	$	44,854

Held to maturity:
States and political subdivisions	$	2,224	$	187	$	—	$	—	$	2,411



As of December 31, 2015	Amortized cost		Gross unrealized gains		Gross unrealized losses		Other than temporary impairments in OCI		Fair value
	(Amounts in thousands)
Available for sale:
Corporate debt obligations	$	1,000	$	31	$	—	$	—	$	1,031
Residential mortgage-backed securities	40,788		451		418		—		40,821
Collateralized mortgage obligations	246		7		—		—		253
Collateralized debt obligations	806		—		—		344		462
Total available for sale	$	42,840	$	489	$	418	$	344	$	42,567

Held to maturity:
States and political subdivisions	$	2,181	$	290	$	—	$	—	$	2,471

Investments Classified by Contractual Maturity

The amortized cost and fair value of debt securities classified as available for sale and held to maturity, by contractual maturity, as of December 31, 2016, are as follows:



	Amortized Cost		Fair Value
	(Amounts in thousands)
Available for sale:
Due within one year	$	—	$	—
Due after one year through five years	—		—
Due after five years through ten years	500		500
Due after ten years	1,246		948
Residential mortgage-backed securities and collateralized mortgage obligations	43,690		43,406
Total available for sale	$	45,436	$	44,854

Held to maturity:
Due within one year	$	—	$	—
Due after one year through five years	—		—
Due after five years through ten years	1,212		1,253
Due after ten years	1,012		1,158
Total held to maturity	$	2,224	$	2,411

Gross Unrealized Losses and Fair Value of Investments with Continuous Unrealized Loss Position

The following tables show the gross unrealized losses and fair value of the Company's investments with unrealized losses that are not deemed to be other than temporarily impaired (“OTTI”), aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at December 31, 2016 there were 7 securities in a less than 12 months loss position and 3 in a greater than 12 months. At December 31, 2015 there were 5 securities in a less than 12 months loss position and 3 greater than 12 months.



As of December 31, 2016	Less Than 12 Months				12 Months or Greater				Total
Description of Securities	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(Amounts in thousands)
Available for sale:
Residential mortgage-backed securities	$	17,519	$	484	$	1,077	$	24	$	18,596	$	508
Total available for sale	$	17,519	$	484	$	1,077	$	24	$	18,596	$	508



As of December 31, 2015	Less Than 12 Months				12 Months or Greater				Total
Description of Securities	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(Amounts in thousands)
Available for sale:
Residential mortgage-backed securities	$	19,191	$	343	$	3,221	$	75	$	22,412	$	418
Total available for sale	$	19,191	$	343	$	3,221	$	75	$	22,412	$	418