|
Investment Securities (Tables)
|
12 Months Ended |
|
Dec. 31, 2014
|
| Investments, Debt and Equity Securities [Abstract] |
|
| Summary of Available for Sale Securities |
Investment securities available-for-sale at December 31, 2014
and 2013 are as follows:
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Gross |
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Gross |
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Estimated |
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Amortized |
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Unrealized |
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Unrealized |
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Fair |
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December 31, 2014
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|
Cost |
|
|
Gains |
|
|
Losses |
|
|
Value |
|
|
U.S. Treasury securities
|
|
$ |
1,501 |
|
|
|
— |
|
|
|
— |
|
|
|
1,501 |
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|
Mortgage-backed securities
|
|
|
27,723 |
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|
1,138 |
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|
111 |
|
|
|
28,750 |
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Municipal securities
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|
|
4,408 |
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|
|
279 |
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|
6 |
|
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|
4,681 |
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Total investment securities available-for-sale
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|
$ |
33,632 |
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|
1,417 |
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|
117 |
|
|
|
34,932 |
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| |
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Gross |
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|
Gross |
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Estimated |
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Amortized |
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Unrealized |
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Unrealized |
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Fair |
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|
December 31, 2013
|
|
Cost |
|
|
Gains |
|
|
Losses |
|
|
Value |
|
|
Mortgage-backed securities
|
|
$ |
33,123 |
|
|
|
1,022 |
|
|
|
403 |
|
|
|
33,742 |
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Municipal securities
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|
|
4,409 |
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|
59 |
|
|
|
198 |
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|
|
4,270 |
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|
Mutual fund
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|
|
10,000 |
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|
|
— |
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|
|
33 |
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|
9,967 |
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|
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|
|
|
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|
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Total investment securities available-for-sale
|
|
$ |
47,532 |
|
|
|
1,081 |
|
|
|
634 |
|
|
|
47,979 |
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| Schedule of Investment Securities with Unrealized Losses |
Details concerning investment securities with unrealized losses as
of December 31, 2014 and 2013 are as follows:
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December 31, 2014 |
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Less than 12 Months |
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12 Months or More |
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Total |
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Fair |
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Unrealized |
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Fair |
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Unrealized |
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Fair |
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|
Unrealized |
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| |
|
Value |
|
|
Losses |
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|
Value |
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|
Losses |
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|
Value |
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|
Losses |
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|
U.S. Treasury securities
|
|
$ |
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
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Mortgage-backed securities
|
|
|
— |
|
|
|
— |
|
|
|
7,705 |
|
|
|
111 |
|
|
|
7,705 |
|
|
|
111 |
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|
Municipal securities
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|
|
— |
|
|
|
— |
|
|
|
494 |
|
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|
6 |
|
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|
494 |
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|
6 |
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$ |
— |
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|
— |
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|
8,199 |
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|
117 |
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|
8,199 |
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|
117 |
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December 31, 2013 |
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Less than 12 Months |
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12 Months or More |
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Total |
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Fair |
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Unrealized |
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Fair |
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Unrealized |
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Fair |
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|
Unrealized |
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| |
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Value |
|
|
Losses |
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|
Value |
|
|
Losses |
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|
Value |
|
|
Losses |
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|
Mortgage-backed securities
|
|
$ |
8,409 |
|
|
|
403 |
|
|
|
— |
|
|
|
— |
|
|
|
8,409 |
|
|
|
403 |
|
|
Municipal securities
|
|
|
2,086 |
|
|
|
198 |
|
|
|
— |
|
|
|
— |
|
|
|
2,086 |
|
|
|
198 |
|
|
Mutual fund
|
|
|
9,967 |
|
|
|
33 |
|
|
|
— |
|
|
|
— |
|
|
|
9,967 |
|
|
|
33 |
|
|
|
|
|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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$ |
20,462 |
|
|
|
634 |
|
|
|
— |
|
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|
— |
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|
20,462 |
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|
634 |
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| Schedule of Amortized Cost and Estimated Fair Value of Securities Available-For-Sale |
The amortized cost and estimated fair value of securities
available-for-sale at December 31, 2014, by contractual
maturity, are shown below. Expected maturities will differ from
contractual maturities because borrowers have the right to call or
prepay obligations with or without call or prepayment
penalties.
|
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|
|
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| |
|
Amortized |
|
|
Fair |
|
| |
|
Cost |
|
|
Value |
|
|
Municipal & U.S. Treasury securities:
|
|
|
|
|
|
|
|
|
|
0 to 5 years
|
|
$ |
1,501 |
|
|
|
1,501 |
|
|
5 to 10 years
|
|
|
1,047 |
|
|
|
1,101 |
|
|
Over 10 years
|
|
|
3,361 |
|
|
|
3,580 |
|
|
Mortgage-backed securities
|
|
|
27,723 |
|
|
|
28,750 |
|
|
|
|
|
|
|
|
|
|
|
|
$ |
33,632 |
|
|
|
34,932 |
|
|
|
|
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