Investment Securities (Tables)

3 Months Ended

Mar. 31, 2018

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and estimated fair value of securities

	March 31, 2018
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
(In thousands)	Cost		Gains		Losses			Value
Available-for-Sale Portfolio
U.S. Government and agency obligations	$	10,611	$	-	$	(207	)	$	10,404
Mortgage-backed securities – residential		7,507		15		(134	)		7,388
Total available-for-sale	$	18,118	$	15	$	(341	)	$	17,792
Held-to-Maturity Portfolio
Mortgage-backed securities – residential	$	472	$	6	$	-		$	478
State and municipal securities		5,932		19		(73	)		5,878
Total held-to-maturity	$	6,404	$	25	$	(73	)	$	6,356

	December 31, 2017
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
(In thousands)	Cost		Gains		Losses			Value
Available-for-Sale Portfolio
U.S. Government and agency obligations	$	10,612	$	-	$	(142	)	$	10,470
Mortgage-backed securities – residential		7,909		19		(85	)		7,843
Total available-for-sale	$	18,521	$	19	$	(227	)	$	18,313
Held-to-Maturity Portfolio
Mortgage-backed securities – residential	$	637	$	9	$	-		$	646
State and municipal securities		5,938		41		(37	)		5,942
Total held-to-maturity	$	6,575	$	50	$	(37	)	$	6,588

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

	Available-for-Sale				Held-to-Maturity
	Amortized				Amortized
(In thousands)	Cost		Fair Value		Cost		Fair Value
Due in one year or less	$	-	$	-	$	838	$	835
Due after one year through five years		8,606		8,423		3,299		3,274
Due after five years through ten years		1,005		1,004		1,795		1,769
Due after ten years		1,000		977		-		-
Sub-total	$	10,611	$	10,404	$	5,932	$	5,878
Mortgage-backed securities – residential		7,507		7,388		472		478
Totals	$	18,118	$	17,792	$	6,404	$	6,356

Schedule of continuous unrealized loss position for investment securities

	March 31, 2018
	Less than Twelve Months						Twelve Months or More						Total
	Number of						Number of						Number of
	Individual		Unrealized		Fair		Individual		Unrealized		Fair		Individual		Unrealized		Fair
(Dollars in thousands)	Securities		Losses		Value		Securities		Losses		Value		Securities		Losses		Value
Available-for-Sale
U.S. Government and agency obligations		4	$	66	$	4,438		5	$	141	$	5,966		9	$	207	$	10,404
Mortgage-backed securities - residential		5		42		2,894		3		92		3,055		8		134		5,949
Totals		9	$	108	$	7,332		8	$	233	$	9,021		17	$	341	$	16,353
Held-to-Maturity
Mortgage-backed securities – residential(1)		-	$	-	$	-		1	$	-	$	169		1	$	-	$	169
State and municipal securities		16		48		3,375		5		25		1,322		21		73		4,697
Totals		16	$	48	$	3,375		6	$	25	$	1,491		22	$	73	$	4,866

	December 31, 2017
	Less than Twelve Months						Twelve Months or More						Total
	Number of						Number of						Number of
	Individual		Unrealized		Fair		Individual		Unrealized		Fair		Individual		Unrealized		Fair
(Dollars in thousands)	Securities		Losses		Value		Securities		Losses		Value		Securities		Losses		Value
Available-for-Sale
U.S. Government and agency obligations		4	$	34	$	4,472		5	$	108	$	5,999		9	$	142	$	10,471
Mortgage-backed securities - residential		4		23		2,459		4		62		3,435		8		85		5,894
Totals		8	$	57	$	6,931		9	$	170	$	9,434		17	$	227	$	16,365
Held-to-Maturity
Mortgage-backed securities – residential(1)		-	$	-	$	-		1	$	-	$	171		1	$	-	$	171
State and municipal securities		10		16		1,574		5		21		1,331		15		37		2,905
Totals		10	$	16	$	1,574		6	$	21	$	1,502		16	$	37	$	3,076

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