Investment and Mortgage-backed Securities (Tables)

3 Months Ended

Mar. 31, 2014

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost, gross unrealized gains, gross unrealized losses and estimated fair values of investment securities

			March 31, 2014
			Gross		Gross		Estimated
	Amortized		unrealized		unrealized		fair
	cost		gains		losses		value
	(In thousands)
Available for Sale:
U.S. Government agency securities	$	145,071	$	-	$	8,520	$	136,551
Municipal obligations		3,034		108		66		3,076
Corporate securities		758		317		-		1,075
	$	148,863	$	425	$	8,586	$	140,702
			December 31, 2013
			Gross		Gross		Estimated
	Amortized		unrealized		unrealized		fair
	cost		gains		losses		value
		(In thousands)
Available for Sale:
U.S. Government agency securities	$	160,063	$	-	$	11,714	$	148,349
Municipal obligations		3,035		83		103		3,015
Corporate securities		1,920		658		-		2,578
	$	165,018	$	741	$	11,817	$	153,942

Schedule of amortized cost of investment securities by contractual term to maturity

	March 31,
	2014
	(In thousands)
One to five years	$	29,444
Five to ten years		65,363
More than ten years		53,298
		148,105
Corporate securities		758
	$	148,863

Schedule of amortized cost, gross unrealized gains, gross unrealized losses and estimated fair values of mortgage-backed securities

	March 31, 2014
			Gross		Gross		Estimated
	Amortized		unrealized		unrealized		fair
	cost		holding gains		holding losses		value
	(In thousands)
Available for sale:
Federal Home Loan Mortgage Corporation adjustable-rate participation certificates	$	665	$	58	$	1	$	722
Federal National Mortgage Association adjustable-rate participation certificates		5,727		69		1		5,795
Government National Mortgage Association adjustable-rate participation certificates		2,522		91		-		2,613
	$	8,914	$	218	$	2	$	9,130
Held to maturity:
Federal Home Loan Mortgage Corporation adjustable-rate participation certificates	$	239	$	9	$	-	$	248
Federal National Mortgage Association adjustable-rate participation certificates		196		6		-		202
Government National Mortgage Association adjustable-rate participation certificates		2,560		106		-		2,666
	$	2,995	$	121	$	-	$	3,116
	December 31, 2013
			Gross		Gross		Estimated
	Amortized		unrealized		unrealized		fair
	cost		holding gains		holding losses		value
		(In thousands)
Available for sale:
Federal Home Loan Mortgage Corporation adjustable-rate participation certificates	$	677	$	34	$	1	$	710
Federal National Mortgage Association adjustable-rate participation certificates		5,940		40		36		5,944
Government National Mortgage Association adjustable-rate participation certificates		2,622		85		-		2,707
	$	9,239	$	159	$	37	$	9,361

			December 31, 2013
			Gross		Gross		Estimated
	Amortized		unrealized		unrealized		fair
	cost		holding gains		holding losses		value
	(In thousands)
Held to maturity:
Federal Home Loan Mortgage Corporation adjustable-rate participation certificates	$	253	$	8	$	-	$	261
Federal National Mortgage Association adjustable-rate participation certificates		212		6		-		218
Government National Mortgage Association adjustable-rate participation certificates		2,651		100		-		2,751
	$	3,116	$	114	$	-	$	3,230

Schedule of amortized cost of mortgage-backed securities, including those designated as available for sale, by contractual terms to maturity

	March 31,
	2014
	(In thousands)
Due in one year or less	$	800
Due in one year through five years		3,361
Due in five years through ten years		4,594
Due in more than ten years		3,154
	$	11,909

Schedule of unrealized loss position

	Less than 12 months								12 months or longer						Total
Description of	Number of		Fair		Unrealized			Number of	Fair		Unrealized		Number of		Fair		Unrealized
securities	investments		value		losses			investments	value		losses		investments		value		losses
							(Dollars in thousands)
U.S. Government agency securities		14	$	73,744	$	4,297		12	$	62,807	$	4,223		26	$	136,551	$	8,520
Municipal obligations		-		-		-		1		649		66		1		649		66
Corporate stocks		-		-		-		-		-		-		-		-		-
Mortgage-backed securities		6		17		1		7		102		1		13		119		2
Total temporarily impaired securities		20	$	73,761	$	4,298		20	$	63,558	$	4,290		40	$	137,319	$	8,588