INVESTMENT AND MORTGAGE RELATED SECURITIES (Tables)

3 Months Ended

Mar. 31, 2016

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and fair value of securities available-for-sale and held-to-maturity

The amortized cost and fair value of securities available-for-sale and held-to-maturity as of March 31, 2016 and December 31, 2015 are summarized as follows:



	March 31, 2016
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In thousands, Unaudited)
Available-for-Sale Securities:
Obligations of U.S. government agencies	$	301	$	5	$	—		$	306
Corporate securities	17,608		107		—			17,715
Agency residential mortgage related securities	115,592		2,258		(45		)	117,805
Total available-for-sale securities	$	133,501	$	2,370	$	(45	)	$	135,826

Held-to-Maturity Securities:
Corporate securities	$	1,776	$	34	$	—		$	1,810
Private label residential mortgage related securities	2,452		11		—			2,463
Agency residential mortgage related securities	140,300		2,182		(100		)	142,382
Total held-to-maturity securities	$	144,528	$	2,227	$	(100	)	$	146,655

	December 31, 2015
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In thousands)
Available-for-Sale Securities:
Obligations of U.S. government agencies	$	301	$	—	$	(2	)	$	299
Corporate securities	17,625		9		(93		)	17,541
Agency residential mortgage related securities	121,195		1,597		(881		)	121,911
Total available-for-sale securities	$	139,121	$	1,606	$	(976	)	$	139,751

Held-to-Maturity Securities:
Corporate securities	$	1,776	$	—	$	(11	)	$	1,765
Private label residential mortgage related securities	2,522		—		(25		)	2,497
Agency residential mortgage related securities	145,892		663		(967		)	145,588
Total held-to-maturity securities	$	150,190	$	663	$	(1,003	)	$	149,850

Schedule of gross unrealized losses and fair value of securities, aggregated by security category and length of time that individual securities have been in a continuous unrealized loss position

The following tables show gross unrealized losses and fair value of securities, aggregated by security category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2016 and December 31, 2015.



	March 31, 2016
	Less than 12 Months					12 Months or More					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
	(In thousands, Unaudited)
Available-for-Sale Securities:
Agency residential mortgage related securities	$	2,587	$	(4	)	$	17,179	$	(41	)	$	19,766	$	(45	)
Total available-for-sale securities	$	2,587	$	(4	)	$	17,179	$	(41	)	$	19,766	$	(45	)
Held-to-Maturity Securities:
Agency residential mortgage related securities	$	1,324	$	—		$	9,438	$	(100	)	$	10,762	$	(100	)
Total held-to-maturity securities	$	1,324	$	—		$	9,438	$	(100	)	$	10,762	$	(100	)
Total temporarily impaired securities	$	3,911	$	(4	)	$	26,617	$	(141	)	$	30,528	$	(145	)

	December 31, 2015
	Less than 12 Months					12 Months or More					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
	(In thousands)
Available-for-Sale Securities:
Obligations of U.S. government agencies	$	299	$	(2	)	$	—	$	—		$	299	$	(2	)
Corporate securities	15,015		(93		)	—		—			15,015		(93		)
Agency residential mortgage related securities	79,995		(716		)	7,927		(165		)	87,922		(881		)
Total available-for-sale securities	$	95,309	$	(811	)	$	7,927	$	(165	)	$	103,236	$	(976	)
Held-to-Maturity Securities:
Corporate securities	$	1,766	$	(11	)	$	—	$	—		$	1,766	$	(11	)
Private label residential mortgage related securities	2,497		(25		)	—		—			2,497		(25		)
Agency residential mortgage related securities	80,741		(709		)	9,768		(258		)	90,509		(967		)
Total held-to-maturity securities	$	85,004	$	(745	)	$	9,768	$	(258	)	$	94,772	$	(1,003	)
Total temporarily impaired securities	$	180,313	$	(1,556	)	$	17,695	$	(423	)	$	198,008	$	(1,979	)

Schedule of amortized cost of held-to-maturity investments

At March 31, 2016, the amortized cost of held-to-maturity investments consisted of the following (in thousands):



	Original Cost		Unrealized Loss at Transfer			Post-transfer Accretion			Amortized Cost
Securities transferred from available-for-sale	$	80,730	$	(1,625	)	$	(312	)	$	78,793
Other held-to-maturity securities	65,735		—			—			65,735
Total	$	146,465	$	(1,625	)	$	(312	)	$	144,528

Schedule of amortized cost and estimated fair value of investment securities available-for-sale and held-to-maturity by contractual maturity

The amortized cost and estimated fair value of investment securities available-for-sale and held-to-maturity at March 31, 2016 and December 31, 2015 by contractual maturity are as follows:



	Available-for-Sale				Held-to-Maturity
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(In thousands)
March 31, 2016 (Unaudited)
Due in one year or less	$	2,508	$	2,515	$	—	$	—
Due after one year through five years	15,401		15,506		1,776		1,810
Due after five years through ten years	—		—		—		—
Due after ten years	—		—		—		—
Total mortgage related securities	115,592		117,805		142,752		144,845
	$	133,501	$	135,826	$	144,528	$	146,655

December 31, 2015
Due in one year or less	$	2,517	$	2,526	$	—	$	—
Due after one year through five years	15,409		15,314		1,776		1,765
Due after five years through ten years	—		—		—		—
Due after ten years	—		—		—		—
Total mortgage related securities	121,195		121,911		148,414		148,085
	$	139,121	$	139,751	$	150,190	$	149,850

- Definition

Tabular disclosure of all investments in certain debt and equity securities for which the entity has the positive intent and ability to hold until maturity.

+ References + Details

Fox Chase Bancorp Inc 10-Q