Investment Securities (Tables)

6 Months Ended

Jun. 30, 2017

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and estimated fair value of securities

	June 30, 2017
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
(In thousands)	Cost		Gains		Losses			Value
Available-for-Sale Portfolio
U.S. Government and agency obligations	$	10,609	$	-	$	(80	)	$	10,529
Mortgage-backed securities – residential		7,885		25		(44	)		7,866
Total available-for-sale	$	18,494	$	25	$	(124	)	$	18,395
Held-to-Maturity Portfolio
Mortgage-backed securities – residential	$	655	$	8	$	-		$	663
State and municipal securities		5,943		54		(16	)		5,981
Total held-to-maturity	$	6,598	$	62	$	(16	)	$	6,644

	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	$	-	$	-	$	1,000	$	1,002
Due after one year through five years		9,609		9,543		3,536		3,549
Due after five years through ten years		-		-		1,407		1,430
Due after ten years		1,000		986		-		-
Sub-total	$	10,609	$	10,529	$	5,943	$	5,981
Mortgage-backed securities – residential		7,885		7,866		655		663
Totals	$	18,494	$	18,395	$	6,598	$	6,644

Schedule of continuous unrealized loss position for investment securities

	June 30, 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		8	$	63	$	9,046		1	$	17	$	982		9	$	80	$	10,028
Mortgage-backed securities - residential		2		22		2,497		3		22		1,927		5		44		4,424
Totals		10	$	85	$	11,543		4	$	39	$	2,909		14	$	124	$	14,452
Held-to-Maturity
Mortgage-backed securities – residential(1)		1	$	-	$	175		-	$	-	$	-		1	$	-	$	175
State and municipal securities(1)		7		16		1,974		1		-		45		8		16		2,019
Totals		8	$	16	$	2,149		1	$	-	$	45		9	$	16	$	2,194

	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.