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Securities (Tables)
9 Months Ended
Sep. 30, 2013
Securities  
Summary of securities

 

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

 

 

Cost

 

Gains

 

Losses

 

Value

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

At September 30, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

State and municipal

 

$

2,516

 

$

2

 

$

(118

)

$

2,400

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage-backed securities

 

16,915

 

94

 

(380

)

16,629

 

 

 

 

 

 

 

 

 

 

 

Total securities available for sale

 

$

19,431

 

$

96

 

$

(498

)

$

19,029

 

 

 

 

 

 

 

 

 

 

 

Securities held to maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage-backed securities

 

$

1,169

 

$

94

 

$

—

 

$

1,263

 

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

 

 

Cost

 

Gains

 

Losses

 

Value

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage-backed securities

 

$

7,900

 

$

284

 

$

—

 

$

8,184

 

 

 

 

 

 

 

 

 

 

 

Securities held to maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage-backed securities

 

$

1,594

 

$

137

 

$

—

 

$

1,731

 

Schedule of amortized cost and estimated fair value of debt securities

 

 

 

 

Available for Sale

 

Held to Maturity

 

 

 

Amortized

 

Fair

 

Amortized

 

Fair

 

 

 

Cost

 

Value

 

Cost

 

Value

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

Over ten years

 

$

2,516

 

$

2,400

 

$

—

 

$

—

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage-backed securities

 

16,915

 

16,629

 

1,169

 

1,263

 

 

 

 

 

 

 

 

 

 

 

 

 

$

19,431

 

$

19,029

 

$

1,169

 

$

1,263

 

Schedule of securities with gross unrealized losses, aggregated by investment category and length of time that the individual securities have been in a continuous loss position

 

 

 

 

Less Than Twelve Months

 

Greater Than Twelve Months

 

 

 

Gross

 

 

 

Gross

 

 

 

 

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

 

 

Losses

 

Value

 

Losses

 

Value

 

 

 

(In thousands)

 

At September 30, 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

State and municipal

 

$

118

 

$

1,832

 

$

—

 

$

—

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage-backed securities

 

380

 

10,727

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

Total securities available for sale

 

$

498

 

$

12,559

 

$

—

 

$

—