Securities (Tables)

12 Months Ended

Dec. 31, 2017

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and estimated fair value of securities with gross unrealized gains and losses

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In Thousands)
December 31, 2017:
Available-for-Sale:
U.S. Government and agency obligations	$	10,612	$	-	$	(142	)	$	10,470
Mortgage-backed securities - residential		7,909		19		(85	)		7,843
	$	18,521	$	19	$	(227	)	$	18,313
Held-to-Maturity:
Mortgage-backed securities - residential	$	637	$	9	$	-		$	646
State and municipal securities		5,938		41		(37	)		5,942
	$	6,575	$	50	$	(37	)	$	6,588
December 31, 2016:
Available-for-Sale:
U.S. Government and agency obligations	$	8,106	$	3	$	(110	)	$	7,999
Mortgage-backed securities - residential		9,769		42		(63	)		9,748
	$	17,875	$	45	$	(173	)	$	17,747
Held-to-Maturity:
Mortgage-backed securities - residential	$	745	$	13	$	-		$	758
State and municipal securities		6,675		25		(74	)		6,626
	$	7,420	$	38	$	(74	)	$	7,384

Schedule of amortized cost and estimated fair value by contractual maturity of debt securities

	Available-for-Sale				Held-to-Maturity
	Amortized Cost		Estimated Fair Value		Amortized Cost		Estimated Fair Value
	(In Thousands)
Due in one year or less	$	-	$	-	$	839	$	837
Due after one year through five years		8,607		8,489		3,302		3,294
Due after five years through ten years		1,005		1,001		1,797		1,811
Due after ten years		1,000		980		-		-
Mortgage-backed securities - residential		7,909		7,843		637		646
	$	18,521	$	18,313	$	6,575	$	6,588

Schedule of continuous unrealized loss position for investment securities

	Less than 12 Months				12 Months or More				Total
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
	(In Thousands)
2017:
Available-for-Sale
U.S. Government and agency obligations	$	4,472	$	34	$	5,999	$	108	$	10,471	$	142
Mortgage-backed securities - residential		2,459		23		3,435		62		5,894		85
	$	6,931	$	57	$	9,434	$	170	$	16,365	$	227
2017:
Held-to-Maturity
Mortgage-backed securities – residential(1)	$	-	$	-	$	171	$	-	$	171	$	-
State and municipal Securities		1,574		16		1,331		21		2,905		37
	$	1,574	$	16	$	1,502	$	21	$	3,076	$	37
2016:
Available-for-Sale
U.S. Government and agency obligations	$	6,996	$	110	$	-	$	-	$	6,996	$	110
Mortgage-backed securities - residential		4,441		49		987		14		5,428		63
	$	11,437	$	159	$	987	$	14	$	12,424	$	173
2016:
Held-to-Maturity
Mortgage-backed securities – residential(1)	$	178	$	-	$	-	$	-	$	178	$	-
State and municipal  Securities(1)		4,275		74		45		-		4,320		74
	$	4,453	$	74	$	45	$	-	$	4,498	$	74

⁽¹⁾ Aggregate unrealized loss position of these securities is less than $500.