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Securities Held-to-Maturity
 9 Months Ended
Sep. 30, 2019
Text Block [Abstract]  
Securities Held-to-Maturity
7. Securities
Held-to-Maturity
The following table is a summary of the Company’s securities
held-to-maturity:
 
September 30,
2019
 
  
December 31,
2018
 
Federal agency debt instruments (amortized cost)
  $
17,796
    $
20,180
 
                 
The following table summarizes unrealized gains, losses, and fair value (classified as Level 2 within the fair value hierarchy) of securities
held-to-maturity:
 
September 30,
2019
 
  
December 31,
2018
 
Cost/amortized cost
  $
17,796
    $
20,180
 
Gross unrealized gains
   
74
     
5
 
Gross unrealized losses
   
(77
 )    
(1,679
 )
                 
Fair value
  $
17,793
    $
18,506
 
                 
The Company assesses these securities for other-than-temporary impairment on a quarterly basis.
No
securities were determined to be other-than-temporarily impaired at September 30, 2019 or December 31, 2018. The Company does not intend to sell these securities and it is not
more-likely-than-not
that the Company will be required to sell the securities before recovery of their amortized cost bases, which may be maturity.
The following table sets forth the maturity profile of the securities
held-to-maturity;
however, these securities may be called prior to maturity date:
  
September 30,
2019
 
  
December 31,
2018
 
Due within one year
  $
—
    $
—  
  
Due one year through five years
   
2,000
     
—  
  
Due five years through ten years
   
7,494
     
7,521
 
Due over ten years
   
8,302
     
12,659
 
                 
Total
  $
17,796
    $
20,180