Investment Securities (Tables)

3 Months Ended

Mar. 31, 2016

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and estimated fair value of securities

	March 31, 2016
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
(In thousands)	Cost		Gains		Losses			Value
Available-for-Sale Portfolio
U.S. Government and agency obligations	$	6,077	$	12	$	-		$	6,089
Mortgage-backed securities – residential		13,117		110		(32	)		13,195
Total available-for-sale	$	19,194	$	122	$	(32	)	$	19,284
Held-to-Maturity Portfolio
Mortgage-backed securities – residential	$	1,504	$	39	$	-		$	1,543
U.S. Government and agency obligations		3,405		102		-			3,507
State and municipal securities		4,647		107		-			4,754
Total held-to-maturity	$	9,556	$	248	$	-		$	9,804

	December 31, 2015
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
(In thousands)	Cost		Gains		Losses			Value
Available-for-Sale Portfolio
U.S. Government and agency obligations	$	6,000	$	-	$	(32	)	$	5,968
Mortgage-backed securities – residential		13,974		101		(75	)		14,000
Total available-for-sale	$	19,974	$	101	$	(107	)	$	19,968
Held-to-Maturity Portfolio
Mortgage-backed securities – residential	$	1,535	$	39	$	-		$	1,574
U.S. Government and agency obligations		6,793		129		-			6,922
State and municipal securities		4,651		76		(1	)		4,726
Total held-to-maturity	$	12,979	$	244	$	(1	)	$	13,222

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	$	-	$	-	$	156	$	158
Due after one year through five years		1,000		1,001		2,438		2,489
Due after five years through ten years		3,167		3,173		4,503		4,614
Due after ten years		1,910		1,915		955		1,000
Sub-total	$	6,077	$	6,089	$	8,052	$	8,261
Mortgage-backed securities – residential		13,117		13,195		1,504		1,543
Totals	$	19,194	$	19,284	$	9,556	$	9,804

Schedule of continuous unrealized loss position for investment securities

	March 31, 2016
		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			-	$	-	$	-		-	$	-	$	-		-	$	-	$	-
Mortgage-backed securities - residential			2		5		2,295		3		27		2,536		5		32		4,831
Totals			2	$	5	$	2,295		3	$	27	$	2,536		5	$	32	$	4,831
Held-to-Maturity
State and municipal securities(1)			1	$	-	$	81		1	$	-	$	45		2	$	-	$	126
Totals			1	$	-	$	81		1	$	-	$	45		2	$	-	$	126

	December 31, 2015
	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		6	$	32	$	5,968		-	$	-	$	-		6	$	32	$	5,968
Mortgage-backed securities - residential		5		61		6,283		1		14		821		6		75		7,104
Totals		11	$	93	$	12,251		1	$	14	$	821		12	$	107	$	13,072
Held-to-Maturity
State and municipal securities(1)		2	$	-	$	455		2	$	1	$	126		4	$	1	$	581
Totals		2	$	-	$	455		2	$	1	$	126		4	$	1	$	581

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