Investment Securities (Tables)

9 Months Ended

Sep. 30, 2016

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and estimated fair value of securities

	September 30, 2016
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
(In thousands)	Cost		Gains		Losses			Value
Available-for-Sale Portfolio
U.S. Government and agency obligations	$	7,106	$	5	$	(4	)	$	7,107
Mortgage-backed securities – residential		10,514		55		(24	)		10,545
Total available-for-sale	$	17,620	$	60	$	(28	)	$	17,652
Held-to-Maturity Portfolio
Mortgage-backed securities – residential	$	802	$	18	$	-		$	820
U.S. Government and agency obligations		-		-		-			-
State and municipal securities		5,567		104		(2	)		5,669
Total held-to-maturity	$	6,369	$	122	$	(2	)	$	6,489

	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	$	-	$	-	$	371	$	371
Due after one year through five years		6,106		6,102		3,193		3,247
Due after five years through ten years		-		-		2,003		2,051
Due after ten years		1,000		1,005		-		-
Sub-total	$	7,106	$	7,107	$	5,567	$	5,669
Mortgage-backed securities – residential		10,514		10,545		802		820
Totals	$	17,620	$	17,652	$	6,369	$	6,489

Schedule of continuous unrealized loss position for investment securities

	September 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		3	$	4	$	4,102		-	$	-	$	-		3	$	4	$	4,102
Mortgage-backed securities - residential		2		9		3,021		2		15		1,092		4		24		4,113
Totals		5	$	13	$	7,123		2	$	15	$	1,092		7	$	28	$	8,215
Held-to-Maturity
State and municipal securities(1)		3	$	2	$	560		1	$	-	$	45		4	$	2	$	605
Totals		3	$	2	$	560		1	$	-	$	45		4	$	2	$	605

	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.