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Investments (Tables)
6 Months Ended
Jun. 30, 2019
Investments [Abstract]  
Available-for-sale Securities
Investments available-for-sale are summarized as follows at the dates indicated:
 
June 30, 2019
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair Value
 
(In thousands)
Mortgage-backed investments:
 
 
 
 
 
 
 
   Fannie Mae
$
23,619

 
$
227

 
$
(130
)
 
$
23,716

   Freddie Mac
6,269

 
118

 
—

 
6,387

   Ginnie Mae
22,856

 
71

 
(489
)
 
22,438

   Other
11,821

 
59

 
(16
)
 
11,864

Municipal bonds
7,598

 
291

 
—

 
7,889

U.S. Government agencies
46,565

 
54

 
(672
)
 
45,947

Corporate bonds
23,491

 
287

 
(438
)
 
23,340

Total
$
142,219

 
$
1,107

 
$
(1,745
)
 
$
141,581


 
December 31, 2018
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair Value
 
(In thousands)
Mortgage-backed investments:
 
 
 
 
 
 
 
   Fannie Mae
$
24,276

 
$
24

 
$
(657
)
 
$
23,643

   Freddie Mac
6,351

 
10

 
(74
)
 
6,287

   Ginnie Mae
23,311

 
—

 
(1,250
)
 
22,061

   Other
8,983

 
17

 
(21
)
 
8,979

Municipal bonds
10,615

 
49

 
(120
)
 
10,544

U.S. Government agencies
48,190

 
73

 
(825
)
 
47,438

Corporate bonds
23,490

 
399

 
(671
)
 
23,218

Total
$
145,216

 
$
572

 
$
(3,618
)
 
$
142,170

Schedule of Available for sale Securities in Continuous Unrealized Loss positions
The tables below summarize the aggregate fair value and gross unrealized loss by length of time those investment securities have been continuously in an unrealized loss position at the dates indicated:
 
June 30, 2019
 
Less Than 12 Months
 
12 Months or Longer
 
Total
 
Fair Value
 
Gross Unrealized
Loss
 
Fair Value
 
Gross Unrealized
Loss
 
Fair Value
 
Gross Unrealized
Loss
 
(In thousands)
Mortgage-backed investments:
 
 
 
 
 
 
 
 
 
 
 
   Fannie Mae
$
1,458

 
$
(14
)
 
$
9,181

 
$
(116
)
 
$
10,639

 
$
(130
)
   Freddie Mac
—

 
—

 
—

 
—

 
—

 
—

   Ginnie Mae
—

 
—

 
13,453

 
(489
)
 
13,453

 
(489
)
   Other
6,008

 
(16
)
 
—

 
—

 
6,008

 
(16
)
Municipal bonds
—

 
—

 
—

 
—

 
—

 
—

U.S. Government agencies
10,256

 
(113
)
 
31,281

 
(559
)
 
41,537

 
(672
)
Corporate bonds
—

 
—

 
7,062

 
(438
)
 
7,062

 
(438
)
Total
$
17,722

 
$
(143
)
 
$
60,977

 
$
(1,602
)
 
$
78,699

 
$
(1,745
)
 
December 31, 2018
 
Less Than 12 Months
 
12 Months or Longer
 
Total
 
Fair Value
 
Gross Unrealized
Loss
 
Fair Value
 
Gross Unrealized
Loss
 
Fair Value
 
Gross Unrealized
Loss
 
(In thousands)
Mortgage-backed investments:
 
 
 
 
 
 
 
 
 
 
 
   Fannie Mae
$
5,480

 
$
(32
)
 
$
16,721

 
$
(625
)
 
$
22,201

 
$
(657
)
   Freddie Mac
1,994

 
(23
)
 
3,185

 
(51
)
 
5,179

 
(74
)
   Ginnie Mae
2,867

 
(8
)
 
19,194

 
(1,242
)
 
22,061

 
(1,250
)
   Other
6,008

 
(21
)
 
—

 
—

 
6,008

 
(21
)
Municipal bonds
4,161

 
(46
)
 
934

 
(74
)
 
5,095

 
(120
)
U.S. Government agencies
5,985

 
(13
)
 
30,779

 
(812
)
 
36,764

 
(825
)
Corporate bonds
—

 
—

 
6,828

 
(671
)
 
6,828

 
(671
)
Total
$
26,495

 
$
(143
)
 
$
77,641

 
$
(3,475
)
 
$
104,136

 
$
(3,618
)
Schedule of Available for sale Securities, Debt Maturities
 
June 30, 2019
 
Amortized Cost
 
Fair Value
 
(In thousands)
Due within one year
$
250

 
$
250

Due after one year through five years
7,231

 
7,279

Due after five years through ten years
19,283

 
19,161

Due after ten years
50,890

 
50,486

 
77,654

 
77,176

Mortgage-backed investments
64,565

 
64,405

Total
$
142,219

 
$
141,581