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Securities (Tables)
12 Months Ended
Dec. 31, 2014
SECURITIES  
Summary of securities

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

 

 

Cost

 

Gains

 

Losses

 

Value

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

State and municipal

 

$

2,458

 

$

54

 

$

(5

)

$

2,507

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage-backed securities

 

16,844

 

234

 

(59

)

17,019

 

 

 

 

 

 

 

 

 

 

 

Total securities available for sale

 

$

19,302

 

$

288

 

$

(64

)

$

19,526

 

 

 

 

 

 

 

 

 

 

 

Securities held to maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage-backed securities

 

$

837

 

$

79

 

$

—

 

$

916

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

State and municipal

 

$

2,505

 

$

4

 

$

(115

)

$

2,394

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage-backed securities

 

16,381

 

67

 

(561

)

15,887

 

 

 

 

 

 

 

 

 

 

 

Total securities available for sale

 

$

18,886

 

$

71

 

$

(676

)

$

18,281

 

 

 

 

 

 

 

 

 

 

 

Securities held to maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage-backed securities

 

$

1,050

 

$

86

 

$

—

 

$

1,136

 

 

Schedule of maturities of debt securities

 

 

 

Available for Sale

 

Held to Maturity

 

 

 

Amortized

 

Fair

 

Amortized

 

Fair

 

 

 

Cost

 

Value

 

Cost

 

Value

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

Over ten years

 

$

2,458 

 

$

2,507 

 

$

—

 

$

—

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage-backed securities

 

16,844 

 

17,019 

 

837 

 

916 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

19,302 

 

$

19,526 

 

$

837 

 

$

916 

 

 

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

 

Twelve Months Or Longer

 

 

 

Gross

 

 

 

Gross

 

 

 

 

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

 

 

Losses

 

Value

 

Losses

 

Value

 

 

 

(In thousands)

 

At December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

State and municipal

 

$

—

 

$

—

 

$

(5

)

$

805

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage-backed securities

 

—

 

—

 

(59

)

5,456

 

 

 

 

 

 

 

 

 

 

 

Total temporarily impaired securities

 

$

—

 

$

—

 

$

(64

)

$

6,261

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

State and municipal

 

$

(115

)

$

1,827

 

$

—

 

$

—

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage-backed securities

 

(561

)

13,389

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

Total temporarily impaired securities

 

$

(676

)

$

15,216

 

$

—

 

$

—