Investment Securities (Tables)

6 Months Ended

Jun. 30, 2016

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and estimated fair value of securities

	June 30, 2016
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
(In thousands)	Cost		Gains		Losses			Value
Available-for-Sale Portfolio
U.S. Government and agency obligations	$	5,000	$	11	$	(3	)	$	5,008
Mortgage-backed securities – residential		13,632		116		(10	)		13,738
Total available-for-sale	$	18,632	$	127	$	(13	)	$	18,746
Held-to-Maturity Portfolio
Mortgage-backed securities – residential	$	1,277	$	40	$	-		$	1,317
U.S. Government and agency obligations		955		45		-			1,000
State and municipal securities		5,574		138		-			5,712
Total held-to-maturity	$	7,806	$	223	$	-		$	8,029

	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	$	-	$	-	$	372	$	373
Due after one year through five years		2,000		1,999		3,197		3,272
Due after five years through ten years		2,000		2,002		2,005		2,067
Due after ten years		1,000		1,007		955		1,000
Sub-total	$	5,000	$	5,008	$	6,529	$	6,712
Mortgage-backed securities – residential		13,632		13,738		1,277		1,317
Totals	$	18,632	$	18,746	$	7,806	$	8,029

Schedule of continuous unrealized loss position for investment securities

	June 30, 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		2	$	3	$	1,997		-	$	-	$	-		2	$	3	$	1,997
Mortgage-backed securities - residential		2		3		1,815		1		7		852		3		10		2,667
Totals		4	$	6	$	3,812		1	$	7	$	852		5	$	13	$	4,664
Held-to-Maturity
State and municipal securities(1)		1	$	-	$	266		1	$	-	$	45		2	$	-	$	311
Totals		1	$	-	$	266		1	$	-	$	45		2	$	-	$	311

	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.