Securities (Tables)

6 Months Ended

Jun. 30, 2016

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, 2016:
U.S. government agencies	$	30,000	$	9	$	(18)	$	29,991
State and political subdivisions		1,813		8		—		1,821
	$	31,813	$	17	$	(18)	$	31,812

Available-for-sale Securities:
December 31, 2015:
U.S. government agencies	$	32,000	$	11	$	(50)	$	31,961
State and political subdivisions		2,637		25		—		2,662

	$	34,637	$	36	$	(50)	$	34,623

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 at June 30, 2016, 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
	Amortized Cost		Fair Value
	(In thousands)

Within one year	$	250	$	251
One to five years		31,563		31,561

Totals	$	31,813	$	31,812

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, 2016 and December 31, 2015:

			June 30, 2016
	Less than 12 Months				12 Months or More				Total
Description of Securities	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
			(In thousands)

U.S. Government agencies	$	17,981	$	(18)	$	—	$	—	$	17,981	$	(18)

			December 31, 2015
	Less than 12 Months				12 Months or More				Total
Description of Securities	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
			(In thousands)

U.S. Government agencies	$	23,950	$	(50)	$	—	$	—	$	23,950	$	(50)