Investment Securities (Tables)

3 Months Ended

Mar. 31, 2017

Investment Securities [Abstract]

Amortized cost, gross unrealized gains and losses, and fair value of available-for-sale investment securities

As of March 31, 2017
			Gross		Gross
	Amortized		unrealized		unrealized
(In thousands)	cost		gains		losses		Fair value
U.S. government agencies	$	2,126	$	—	$	(26)	$	2,100
Mortgage-backed securities-residential		6,527		135		—		6,662
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		139,296		1,036		(1,352)		138,980
Non-agency		3,752		—		(71)		3,681
Corporate bonds		1,700		25		—		1,725
Municipal bonds		8,676		130		(64)		8,742
Other securities		1,821		—		—		1,821
Common stocks		26		—		—		26
Total available for sale	$	163,924	$	1,326	$	(1,513)	$	163,737

As of December 31, 2016
			Gross		Gross
	Amortized		unrealized		unrealized
(In thousands)	cost		gains		losses		Fair value
U.S. government agencies	$	988	$	—	$	(22)	$	966
Mortgage-backed securities-residential		6,985		70		(17)		7,038
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		146,666		1,022		(2,129)		145,559
Non-agency		4,121		—		(86)		4,035
Corporate bonds		1,700		1		—		1,701
Municipal bonds		8,691		92		(75)		8,708
Other securities		1,821		—		—		1,821
Common stocks		26		—		—		26
Total available for sale	$	170,998	$	1,185	$	(2,329)	$	169,854

Amortized cost and fair value of investment securities, by contractual maturity

	As of March 31, 2017
	Amortized
(In thousands)	cost		Fair value
Within 1 year	$	1,638	$	1,625
After 1 but within 5 years		6,852		6,904
After 5 but within 10 years		3,012		3,013
After 10 years		1,000		1,025
Mortgage-backed securities-residential		6,527		6,662
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		139,296		138,980
Non-agency		3,752		3,681
Total available for sale debt securities		162,077		161,890
No contractual maturity		1,847		1,847
Total available for sale securities	$	163,924	$	163,737

Gross realized gains and losses realized on sale of securities

	For the three months ended
	March 31,
(In thousands)	2017		2016
Gross realized gains	$	—	$	367
Gross realized losses		—		—
Net realized gains	$	—	$	367

Investment securities in a continuous unrealized loss position

March 31, 2017	Less than 12 months					12 months or longer					Total
			Gross		Number			Gross		Number			Gross		Number
			unrealized		of			unrealized		of			unrealized		of
(In thousands)	Fair value		losses		positions	Fair value		losses		positions	Fair value		losses		positions
U.S. government agencies	$	2,100	$	(26)	2	$	—	$	—	—	$	2,100	$	(26)	2
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		74,956		(896)	31		11,654		(456)	4		86,610		(1,352)	35
Non-agency		3,681		(71)	3		—		—	—		3,681		(71)	3
Municipal bonds		665		(2)	2		3,330		(62)	4		3,995		(64)	6
Total available for sale	$	81,402	$	(995)	38	$	14,984	$	(518)	8	$	96,386	$	(1,513)	46

December 31, 2016	Less than 12 months					12 months or longer					Total
			Gross		Number			Gross		Number			Gross		Number
			unrealized		of			unrealized		of			unrealized		of
(In thousands)	Fair value		losses		positions	Fair value		losses		positions	Fair value		losses		positions
U.S. government agencies	$	966	$	(22)	1	$	—	$	—	—	$	966	$	(22)	1
Mortgage-backed securities-residential		4,237		(17)	2		—		—	—		4,237		(17)	2
Collateralized mortgage obligations:
Issued or guaranteed by U.S. government agencies		73,864		(1,630)	31		12,045		(499)	4		85,909		(2,129)	35
Non-agency		4,035		(86)	3		—		—	—		4,035		(86)	3
Municipal bonds		1,678		(45)	3		2,314		(30)	3		3,992		(75)	6
Total available for sale	$	84,780	$	(1,800)	40	$	14,359	$	(529)	7	$	99,139	$	(2,329)	47