Investment Securities (Tables)

6 Months Ended

Jun. 30, 2015

Investments, Debt and Equity Securities [Abstract]

Amortized Cost and Approximate Fair Values of Available for Sale Securities with Unrealized Gains and Losses

The following tables provide the composition of investment securities at June 30, 2015 and December 31, 2014 (dollars in thousands):

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available for sale at June 30, 2015
Ginnie Mae and GSE mortgage-backed pass-through securities	$	43,887	$	304	$	123	$	44,068
Ginnie Mae collateralized mortgage obligations		1,901		—		29		1,872
Mutual fund		1,846		34		—		1,880
	$	47,634	$	338	$	152	$	47,820

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Held to maturity at June 30, 2015
GSE mortgage-backed pass-through securities	$	11,736	$	4	$	6	$	11,734
Municipal securities		5,405		14		—		5,419
	$	17,141	$	18	$	6	$	17,153

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available for sale at December 31, 2014
Ginnie Mae and GSE mortgage-backed pass-through securities	$	43,675	$	566	$	43	$	44,198
Ginnie Mae collateralized mortgage obligations		2,053		—		34		2,019
Mutual fund		1,826		41		—		1,867
	$	47,554	$	607	$	77	$	48,084
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Held to maturity at December 31, 2014
GSE mortgage-backed pass-through securities	$	4,736	$	20	$	—	$	4,756
Municipal securities		2,346		8		—		2,354
	$	7,082	$	28	$	—	$	7,110

Amortized Cost and Fair Value of Securities by Contractual Maturity

The amortized cost and fair value of securities at June 30, 2015 by contractual maturity are shown below (dollars in thousands). 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
Within one year	$	—	$	—
One to five years		—		—
Five to ten years		—		—
After ten years		—		—
		—		—
Ginnie Mae and GSE mortgage-backed pass-through securities		43,887		44,068
Ginnie Mae collateralized mortgage obligations		1,901		1,872
Mutual fund		1,846		1,880
	$	47,634	$	47,820

	Held to Maturity
	Amortized Cost		Fair Value
Within one year	$	360	$	361
One to five years		1,559		1,563
Five to ten years		2,262		2,268
After ten years		1,224		1,227
Municipal securities		5,405		5,419
GSE mortgage-backed pass-through securities		11,736		11,734
	$	17,141	$	17,153

Company's Investments' Gross Unrealized Losses and Fair Value

The following table shows 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 (dollars in thousands):

	Less Than 12 Months				12 Months or Longer				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Available for sale at June 30, 2015
Ginnie Mae and GSE mortgage-backed pass-through securities	$	17,859	$	122	$	44	$	1	$	17,903	$	123
Ginnie Mae collateralized mortgage obligations		—		—		1,872		29		1,872		29
	$	17,859	$	122	$	1,916	$	30	$	19,775	$	152
	Less Than 12 Months				12 Months or Longer				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Available for sale at December 31, 2014
Ginnie Mae and GSE mortgage-backed pass-through securities	$	5,540	$	5	$	4,563	$	38	$	10,103	$	43
Ginnie Mae collateralized mortgage obligations		—		—		2,019		34		2,019		34
	$	5,540	$	5	$	6,582	$	72	$	12,122	$	77