Securities (Tables)

6 Months Ended

Jun. 30, 2015

Amortized Cost and Approximate Fair Values, Together with Gross Unrealized Gains and Losses of Securities

The amortized cost and approximate fair values, together with gross unrealized gains and losses of securities are as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Approximate Fair Value
	(In thousands)
Available-for-sale Securities:
June 30, 2015:
U.S. government agencies	$	35,998	$	18	$	(89)	$	35,927
State and political subdivisions		3,586		52		––		3,638
	$	39,584	$	70	$	(89)	$	39,565

Available-for-sale Securities:
December 31, 2014:
U.S. government agencies	$	14,443	$	4	$	(67)	$	14,380
State and political subdivisions		4,841		105		––		4,946
Equity securities		4		18		––		22

	$	19,288	$	127	$	(67)	$	19,348

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Approximate Fair Value
	(In thousands)
Held-to-maturity Securities:
June 30, 2015:
State and political subdivisions	$	235	$	1	$	—	$	236

December 31, 2014:
State and political subdivisions	$	450	$	1	$	––	$	451

Amortized Cost and Fair Value of Available-for-Sale Securities and Held-to-Maturity Securities, by Contractual Maturity

The amortized cost and fair value of available-for-sale securities and held-to-maturity securities at June 30, 2015, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.

	Available-for-sale				Held-to-maturity
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(In thousands)

Within one year	$	830	$	840	$	235	$	236
One to five years		37,262		37,217		—		—
Five to ten years		1,492		1,508		—		—

Totals	$	39,584	$	39,565	$	235	$	236

Investments' Gross Unrealized Losses and Fair Value, Aggregated by Investment Category and Length of Time that Individual Securities have been in Continuous Unrealized Loss Position

The following tables show the Company’s investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2015 and December 31, 2014:

	June 30, 2015
	Less than 12 Months				12 Months or More				Total
Description of			Unrealized				Unrealized				Unrealized
Securities	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
	(In thousands)

U.S. Government agencies	$	26,909	$	(89)	$	—	$	—	$	26,909	$	(89)

	December 31, 2014
	Less than 12 Months				12 Months or More				Total
Description of			Unrealized				Unrealized				Unrealized
Securities	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
	(In thousands)
U.S. Government agencies	$	1,141	$	(2)	$	5,935	$	(65)	$	7,076	$	(67)