Securities (Tables)
 6 Months Ended
Jun. 30, 2012
Securities [Abstract]  
Amortized cost of securities and approximate fair values

Securities have been classified in the consolidated balance sheets according to management’s intent. At June 30, 2012 and December 31, 2011, all of the Company’s securities were classified as available for sale. The amortized cost of securities and their approximate fair values at June 30, 2012 and December 31, 2011 are as follows:

 

                                 
    Amortized
Cost		     Gross
Unrealized
Gains		     Gross
Unrealized
Losses		     Fair
Value		  

Securities Available for Sale

                                

June 30, 2012:

                                

Municipal securities

   $ 2,136     $ 97     $ —       $ 2,233  

Collateralized mortgage obligations guaranteed by FNMA and FHLMC

     6,611       9       —         6,620  

Mortgage-backed securities guaranteed by SBA, FNMA, GNMA and FHLMC

     7,335       108       —         7,443  
   

 

 

    

 

 

    

 

 

    

 

 

  
    $ 16,082     $ 214     $ —       $ 16,296  
   

 

 

    

 

 

    

 

 

    

 

 

  

December 31, 2011:

                                

Municipal securities

   $ 8,737     $ 385     $ —       $ 9,122  

Collateralized mortgage obligations guaranteed by FNMA and FHLMC

     12,809       26       (90 )      12,745  

Mortgage-backed securities guaranteed by SBA, FNMA, GNMA and FHLMC

     3,228       5       (3 )      3,230  
   

 

 

    

 

 

    

 

 

    

 

 

  
    $ 24,774     $ 416     $ (93 )    $ 25,097  
   

 

 

    

 

 

    

 

 

    

 

 

  
Gross unrealized losses and fair values by investment category and length of time in a continuous unrealized loss position

Gross unrealized losses and fair values by investment category and length of time in a continuous unrealized loss position at December 31, 2011 were as follows:

 

                                                         
    Number of  Security
Positions with
Unrealized losses		     Continuous Unrealized
Losses Existing for
Less than 12 Months		     Continuous Unrealized
Losses Existing for
12 Months or Longer		     Total  
      Market
Value		     Unrealized
Losses		     Market
Value		     Unrealized
Losses		     Market
Value		     Unrealized
Losses		  

December 31, 2011:

                                                        

Collateralized mortgage obligations

     7     $ 10,019     $ (90 )    $ —       $ —       $ 10,019     $ (90 ) 

Mortgage-backed securities

     1       970       (3 )      —         —         970       (3 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
      8     $ 10,989     $ (93 )    $ —       $ —       $ 10,989       $ (93 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Scheduled maturities of securities

The scheduled maturities of securities at June 30, 2012 and December 31, 2011 are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

 

                                 
    June 30, 2012     December 31, 2011  
    Available for Sale     Available for Sale  
    Amortized
Cost		     Market
Value		     Amortized
Cost		     Market
Value		  

After 5 years through 10 years

   $ —       $ —       $ —       $ —    

Due after 10 years

     2,136       2,233       8,737       9,122  
   

 

 

    

 

 

    

 

 

    

 

 

  
      2,136       2,233       8,737       9,122  

Mortgage-backed securities and collateralized mortgage obligations

     13,946       14,063       16,037       15,975  
   

 

 

    

 

 

    

 

 

    

 

 

  
    $ 16,082     $ 16,296     $ 24,774     $ 25,097