Investment Securities (Tables)

6 Months Ended

Jun. 30, 2018

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and estimated fair value of securities

	June 30, 2018
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
(In thousands)	Cost		Gains		Losses			Value
Available-for-Sale Portfolio
U.S. Government and agency obligations	$	11,111	$	7	$	(232	)	$	10,886
Mortgage-backed securities – residential		6,968		23		(129	)		6,862
Total available-for-sale	$	18,079	$	30	$	(361	)	$	17,748
Held-to-Maturity Portfolio
Mortgage-backed securities – residential	$	467	$	6	$	-		$	473
State and municipal securities		5,880		19		(65	)		5,834
Total held-to-maturity	$	6,347	$	25	$	(65	)	$	6,307

	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	$	-	$	-	$	376	$	375
Due after one year through five years		9,611		9,414		3,885		3,846
Due after five years through ten years		500		500		1,619		1,613
Due after ten years		1,000		972		-		-
Sub-total	$	11,111	$	10,886	$	5,880	$	5,834
Mortgage-backed securities – residential		6,968		6,862		467		473
Totals	$	18,079	$	17,748	$	6,347	$	6,307

Schedule of continuous unrealized loss position for investment securities

	June 30, 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	$	84	$	3,916		5	$	148	$	5,958		9	$	232	$	9,874
Mortgage-backed securities - residential		2		38		1,572		3		91		2,879		5		129		4,451
Totals		6	$	122	$	5,488		8	$	239	$	8,837		14	$	361	$	14,325
Held-to-Maturity
Mortgage-backed securities – residential(1)		-	$	-	$	-		1	$	-	$	168		1	$	-	$	168
State and municipal securities		16		44		3,375		4		21		1,063		20		65		4,438
Totals		16	$	44	$	3,375		5	$	21	$	1,231		21	$	65	$	4,606

	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.