INVESTMENT SECURITIES AVAILABLE FOR SALE. The following tables provide information related to investment securities available for sale at December 31, (in thousands): 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Market Value Mortgage-backed securities 52,500 327 438 52,389 Obligations of states and political subdivisions 60,287 1,291 202 61,376 Other 41 - - 41 Total $ 112,828 1,618 640 113,806 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Market Value Mortgage-backed securities 46,243 338 371 46,210 Obligations of states and political subdivisions 50,537 1,507 111 51,933 Other 41 - - 41 Total $ 96,821 1,845 482 98,184 The amortized cost and approximate fair value of investment securities at December 31, 2015, by contractual maturity, are shown below (in thousands). Actual maturities may differ from contractual maturities when a right to call or prepay an obligation exists: Mortgage-backed securities Amortized Cost Fair Value Less than one year 6,523 6,527 One to five years 32,883 32,814 Five to ten years 13,093 13,048 Municipals Less than one year $ - - One to five years 1,098 1,113 Five to ten years 56,351 57,320 Over ten years 2,839 2,943 Other 41 41 Total $112,828 113,806 At December 31, 2015 and 2014 investment securities with an amortized cost of $57,104,734 and $36,494,250, respectively, were pledged to secure public deposits, securities sold under repurchase agreements and for other purposes as required or permitted by law. These securities had fair values of $57,551,122 and $37,076,653 at December 31, 2015 and 2014, respectively. The tables below indicate the length of time individual investment securities and mortgage-backed securities have been in a continuous loss position at December 31 (in thousands): Mortgage-backed 2015 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses securities $ 18,480 324 9,976 114 28,456 438 Number of Investments 15 17 32 Obligations of states and political subdivisions $ 13,980 143 1,496 59 15,476 202 Number of Investments 13 2 15 Total $ 32,460 467 11,472 173 43,932 640 Number of Investments 28 19 47 Mortgage-backed 2014 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses securities $ 11,148 216 9,847 154 20,995 370 Number of Investments 13 13 26 Obligations of states and political subdivisions $ 8,231 44 1,410 65 9,641 109 Number of Investments 9 5 14 Tot...
INVESTMENT SECURITIES AVAILABLE FOR SALE. Investment securities available-for-sale at December 31, 1996 and 1995 consisted of the following: December 31, 1996 Gross Gross Estimated Amortized Unrealized Unrealized Market Cost Gains Losses Value ---- ----- ------ ----- U.S. Government Agencies Due after one year through five years $17,975,954 $ 72,448 $(16,515) $18,031,887 Due after five years through ten years --- --- --- --- Corporate Notes Due in one year or less 724,718 1,754 --- 726,472 Due after one year through five years 2,972,203 36,946 --- 3,009,149 Due after five years through ten years 639,207 11,345 --- 650,552 Preferred stock 2,547,723 9,252 --- 2,556,975 ----------- -------- -------- ----------- Total $24,859,805 $131,745 $(16,515) $24,975,035 =========== ======== ======== =========== First Home Bancorp Inc. Notes to Consolidated Financial Statements -------------------------------------------------------------------------------- December 31, 1995 Gross Gross Estimated Amortized Unrealized Unrealized Market Cost Gains Losses Value ---- ----- ------ ----- U.S. Government Agencies Due after one year through five years $10,991,273 $132,055 $(15,000) $11,108,328 Due after five years through ten years 8,978,750 39,129 (11,400) 9,006,479 Corporate Notes Due in one year or less 1,996,543 19,719 --- 2,016,262 Due after one year through five years 3,668,388 103,305 --- 3,771,693 Due after five years through ten years 645,621 33,639 --- 679,260 Preferred stock 2,096,775 50,725 --- 2,147,500 ----------- -------- -------- ----------- Total $28,377,350 $378,572 $(26,400) $28,729,522 =========== ======== ======== =========== U.S. Government Agencies consist of $2,000,000 and $11,000,000 of step-up securities with periodic interest rate adjustments and call dates as well as $15,975,954 and $8,970,023 of callable agency notes at December 31, 1996 and 1995, respectively. No investment securities available-for-sale were sold under agreement to repurchase at December 31, 1996. U.S. Government Agencies with amortized costs of $8,978,750 and market values of $9,006,479 were sold under agreement to repurchase at December 31, 1995. There were no sales of investment securities available-for-sale during 1996, 1995 and 1994.
