Investment Securities (Tables)

3 Months Ended

Mar. 31, 2017

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and estimated fair value of securities

	March 31, 2017
				Gross		Gross
		Amortized		Unrealized		Unrealized			Fair
(In thousands)		Cost		Gains		Losses			Value
Available-for-Sale Portfolio
U.S. Government and agency obligations		$	9,606	$	1	$	(99	)	$	9,508
Mortgage-backed securities – residential			8,870		33		(48	)		8,855
Total available-for-sale		$	18,476	$	34	$	(147	)	$	18,363
Held-to-Maturity Portfolio
Mortgage-backed securities – residential		$	663	$	8	$	-		$	671
State and municipal securities			6,666		32		(41	)		6,657
Total held-to-maturity		$	7,329	$	40	$	(41	)	$	7,328

	December 31, 2016
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
(In thousands)	Cost		Gains		Losses			Value
Available-for-Sale Portfolio
U.S. Government and agency obligations	$	8,106	$	3	$	(110	)	$	7,999
Mortgage-backed securities – residential		9,769		42		(63	)		9,748
Total available-for-sale	$	17,875	$	45	$	(173	)	$	17,747
Held-to-Maturity Portfolio
Mortgage-backed securities – residential	$	745	$	13	$	-		$	758
State and municipal securities		6,675		25		(74	)		6,626
Total held-to-maturity	$	7,420	$	38	$	(74	)	$	7,384

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	$	-	$	-	$	754	$	754
Due after one year through five years		7,606		7,531		3,638		3,649
Due after five years through ten years		1,000		1,000		2,274		2,254
Due after ten years		1,000		977		-		-
Sub-total	$	9,606	$	9,508	$	6,666	$	6,657
Mortgage-backed securities – residential		8,870		8,855		663		671
Totals	$	18,476	$	18,363	$	7,329	$	7,328

Schedule of continuous unrealized loss position for investment securities

	March 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		7	$	99	$	8,007		-	$	-	$	-		7	$	99	$	8,007
Mortgage-backed securities - residential		3		34		4,029		2		14		929		5		48		4,958
Totals		10	$	133	$	12,036		2	$	14	$	929		12	$	147	$	12,965
Held-to-Maturity
Mortgage-backed securities – residential(1)		1	$	-	$	177		-	$	-	$	-		1	$	-	$	177
State and municipal securities(1)		12		41		3,297		1		-		45		13		41		3,342
Totals		13	$	41	$	3,474		1	$	-	$	45		14	$	41	$	3,519

	December 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		6	$	110	$	6,996		-	$	-	$	-		6	$	110	$	6,996
Mortgage-backed securities - residential		3		49		4,441		2		14		987		5		63		5,428
Totals		9	$	159	$	11,437		2	$	14	$	987		11	$	173	$	12,424
Held-to-Maturity
Mortgage-backed securities – residential(1)		1	$	-	$	178		-	$	-	$	-		1	$	-	$	178
State and municipal securities(1)		14		74		4,275		1		-		45		15		74		4,320
Totals		15	$	74	$	4,453		1	$	-	$	45		16	$	74	$	4,498

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