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Securities (Tables)
 12 Months Ended
Dec. 31, 2016
Marketable Securities [Abstract]  
Reconciliation From Amortized Cost to Estimated Fair Value of Marketable Securities
This table provides the major components of securities available for sale (“AFS”) and held to maturity (“HTM”) at amortized cost and estimated fair value at December 31, 2016 and December 31, 2015:
 
 
December 31, 2016
 
December 31, 2015
(In thousands)
 
Amortized cost
 
Gross unrealized gains
 
Gross unrealized losses
 
Estimated fair value
 
Amortized cost
 
Gross unrealized gains
 
Gross unrealized losses
 
Estimated fair value
Available for sale:
 
 
 
 
 
 
 
 
 
 

 
 

 
 

 
 

U.S. Government sponsored entities  
 
$
3,744

 
$
2

 
$
(30
)
 
$
3,716

 
$
6,649

 
$
—

 
$
(68
)
 
$
6,581

State and political subdivisions    
 
5,545

 
19

 
(62
)
 
5,502

 
10,625

 
159

 
(2
)
 
10,782

Residential mortgage-backed securities    
 
21,547

 
339

 
(255
)
 
21,631

 
26,191

 
449

 
(201
)
 
26,439

Corporate and other securities
 
10,003

 
—

 
(284
)
 
9,719

 
9,404

 
71

 
(412
)
 
9,063

Total securities available
for sale
 
$
40,839

 
$
360

 
$
(631
)
 
$
40,568

 
$
52,869

 
$
679

 
$
(683
)
 
$
52,865

Held to maturity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government sponsored entities  
 
$
3,530

 
$
—

 
$
(128
)
 
$
3,402

 
$
3,988

 
$
—

 
$
(87
)
 
$
3,901

State and political subdivisions    
 
2,306

 
181

 
(1
)
 
2,486

 
2,364

 
187

 
(1
)
 
2,550

Residential mortgage-backed securities    
 
4,799

 
98

 
(25
)
 
4,872

 
6,232

 
141

 
(28
)
 
6,345

Commercial mortgage-backed securities    
 
3,796

 
—

 
(148
)
 
3,648

 
3,902

 
—

 
(62
)
 
3,840

Corporate and other securities
 
6,548

 
12

 
—

 
6,560

 
1,985

 
—

 
(14
)
 
1,971

Total securities held to
maturity
 
$
20,979

 
$
291

 
$
(302
)
 
$
20,968

 
$
18,471

 
$
328

 
$
(192
)
 
$
18,607
Schedule of Marketable Securities By Contractual Maturity
This table provides the remaining contractual maturities and yields of securities within the investment portfolios. The carrying value of securities at December 31, 2016 is distributed by contractual maturity. Mortgage-backed securities and other securities, which may have principal prepayment provisions, are distributed based on contractual maturity. Expected maturities will differ materially from contractual maturities as a result of early prepayments and calls.
 
 
Within one year
 
After one through five years
 
After five through ten years
 
After ten years
 
Total carrying value
(In thousands, except percentages)
 
Amount
 
Yield
 
Amount
 
Yield
 
Amount
 
Yield
 
Amount
 
Yield
 
Amount
 
Yield
Available for sale at fair value:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government sponsored entities  
 
$
—

 
—
%
 
$
3,716

 
1.61
%
 
$
—

 
—
%
 
$
—

 
—
%
 
$
3,716

 
1.61
%
State and political subdivisions    
 
—

 
—
%
 
769

 
3.12

 
1,306

 
3.05

 
3,427

 
2.73

 
5,502

 
2.86

Residential mortgage-backed securities    
 
11

 
4.16
%
 
526

 
2.25

 
4,641

 
2.23

 
16,453

 
2.93

 
21,631

 
2.77

Corporate and other securities
 
2,402

 
1.72
%
 
112

 
1.65

 
4,443

 
1.72

 
2,762

 
3.71

 
9,719

 
2.29

Total securities available
for sale
 
$
2,413

 
1.73
%
 
$
5,123

 
1.90
%
 
$
10,390

 
2.11
%
 
$
22,642

 
3.00
%
 
$
40,568

 
2.56
%
Held to maturity at cost:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government sponsored entities  
 
$
—

 
—
%
 
$
—

 
—
%
 
$
—

 
—
%
 
$
3,530

 
1.97
%
 
$
3,530

 
1.97
%
State and political subdivisions    
 
213

 
1.00

 
—

 
—
%
 
492

 
5.07
%
 
1,601

 
4.64

 
2,306

 
4.39

Residential mortgage-backed securities    
 
17

 
3.56

 
34

 
5.00

 
753

 
2.80

 
3,995

 
2.87

 
4,799

 
2.88

Commercial mortgage-backed securities    
 
—

 
—
%
 
—

 
—
%
 
—

 
—
%
 
3,796

 
2.76

 
3,796

 
2.76

Corporate and other securities
 
—

 
—
%
 
—

 
—
%
 
4,535

 
5.72

 
2,013

 
8.80

 
6,548

 
6.67

Total securities held to
maturity
 
$
230

 
1.19
%
 
$
34

 
5.00
%
 
$
5,780

 
5.28
%
 
$
14,935

 
3.62
%
 
$
20,979

 
4.05
%
Schedule of Marketable Securities In Unrealized Loss Position
The fair value of securities with unrealized losses by length of time that the individual securities have been in a continuous unrealized loss position at December 31, 2016 and December 31, 2015 are as follows:
 
 
December 31, 2016
 
 
 
 
Less than 12 months
 
12 months and greater
 
Total
(In thousands, except number in a loss position)
 
Total number in a loss position
 
Estimated fair value
 
Unrealized loss
 
Estimated fair value
 
Unrealized loss
 
Estimated fair value
 
Unrealized loss
Available for sale:
 
 
 
 

 
 

 
 

 
 
 
 

 
 

U.S. Government sponsored entities  
 
1
 
$
1,962

 
$
(30
)
 
$
—

 
$
—

 
$
1,962

 
$
(30
)
State and political subdivisions    
 
4
 
3,833

 
(62
)
 
—

 
—

 
3,833

 
(62
)
Residential mortgage-backed securities    
 
13
 
7,813

 
(139
)
 
2,983

 
(116
)
 
10,796

 
(255
)
Corporate and other securities
 
6
 
822

 
(67
)
 
5,376

 
(217
)
 
6,198

 
(284
)
Total temporarily impaired securities
 
24
 
$
14,430

 
$
(298
)
 
$
8,359

 
$
(333
)
 
$
22,789

 
$
(631
)
Held to maturity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government sponsored entities  
 
2
 
$
3,402

 
$
(128
)
 
$
—

 
$
—

 
$
3,402

 
$
(128
)
State and political subdivisions    
 
1
 
212

 
(1
)
 
—

 
—

 
212

 
(1
)
Residential mortgage-backed securities    
 
2
 
776

 
(15
)
 
441

 
(10
)
 
1,217

 
(25
)
Commercial mortgage-backed securities    
 
2
 
3,648

 
(148
)
 
—

 
—

 
3,648

 
(148
)
Total temporarily impaired securities
 
7
 
$
8,038

 
$
(292
)
 
$
441

 
$
(10
)
 
$
8,479

 
$
(302
)
 
 
December 31, 2015
 
 
 
 
Less than 12 months
 
12 months and greater
 
Total
(In thousands, except number in a loss position)
 
Total number in a loss position
 
Estimated fair value
 
Unrealized loss
 
Estimated fair value
 
Unrealized loss
 
Estimated fair value
 
Unrealized loss
Available for sale:
 
 
 
 

 
 

 
 

 
 

 
 

 
 

U.S. Government sponsored entities  
 
9
 
$
4,165

 
$
(12
)
 
$
2,416

 
$
(56
)
 
$
6,581

 
$
(68
)
State and political subdivisions    
 
3
 
1,584

 
(2
)
 
—

 
—

 
1,584

 
(2
)
Residential mortgage-backed securities    
 
11
 
6,195

 
(36
)
 
4,508

 
(165
)
 
10,703

 
(201
)
Corporate and other securities
 
11
 
4,730

 
(174
)
 
3,756

 
(238
)
 
8,486

 
(412
)
Total temporarily impaired securities
 
34
 
$
16,674

 
$
(224
)
 
$
10,680

 
$
(459
)
 
$
27,354

 
$
(683
)
Held to maturity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government sponsored entities  
 
2
 
$
—

 
$
—

 
$
3,901

 
$
(87
)
 
$
3,901

 
$
(87
)
State and political subdivisions
 
1
 
263

 
(1
)
 
—

 
—

 
263

 
(1
)
Residential mortgage-backed securities    
 
3
 
—

 
—

 
1,853

 
(28
)
 
1,853

 
(28
)
Commercial mortgage-backed securities    
 
2
 
3,840

 
(62
)
 
—

 
—

 
3,840

 
(62
)
Corporate and other securities
 
1
 
971

 
(14
)
 
—

 
—

 
971

 
(14
)
Total temporarily impaired securities
 
9
 
$
5,074

 
$
(77
)
 
$
5,754

 
$
(115
)
 
$
10,828

 
$
(192
)
Schedule of Realized Gains (Losses) for Marketable Securities
Gross realized gains and losses on securities for the past two years are detailed in the table below:
 
 
For the years ended December 31,
(In thousands)
 
2016
 
2015
Available for sale:
 
 

 
 

Realized gains
 
$
302

 
$
28

Realized losses
 
(1
)
 
—

Total securities available for sale
 
301

 
28

Held to maturity:
 
 
 
 
Realized gains
 
123

 
—

Realized losses
 
—

 
—

Total securities held to maturity
 
123

 
—

Net gains on sales of securities
 
$
424

 
$
28