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Investment Securities (Tables) | 6 Months Ended
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Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract] |
Schedule of available-for-sale investment securities | Our available-for-sale investment securities were as follows:
| Amortized cost |  | Gross unrealized gains |  | Gross unrealized losses |  | Fair value
| (In thousands) |  |  |  |  |  |
June 30, 2020 |  |  |  |  |  |  |
Corporate bonds | $ | 10,000 |  |  | $ | 58 |  |  | $ | — |  |  | $ | 10,058 |
Agency bond securities | 15,000 |  |  | 44 |  |  | — |  |  | 15,044 |
Agency mortgage-backed securities | 189,533 |  |  | 2,320 |  |  | (49) |  |  | 191,804 |
Municipal bonds | 4,275 |  |  | 143 |  |  | — |  |  | 4,418 |
Asset-backed securities | 19,896 |  |  | 314 |  |  | — |  |  | 20,210 |
Total investment securities | $ | 238,704 |  |  | $ | 2,879 |  |  | $ | (49) |  |  | $ | 241,534 |
December 31, 2019 |  |  |  |  |  |  |
Corporate bonds | $ | 10,000 |  |  | $ | 12 |  |  | $ | — |  |  | $ | 10,012 |
Agency bond securities | 19,980 |  |  | 20 |  |  | — |  |  | 20,000 |
Agency mortgage-backed securities | 208,821 |  |  | 2,453 |  |  | (241) |  |  | 211,033 |
Municipal bonds | 4,342 |  |  | 2 |  |  | (2) |  |  | 4,342 |
Asset-backed securities | 31,814 |  |  | 238 |  |  | — |  |  | 32,052 |
Total investment securities | $ | 274,957 |  |  | $ | 2,725 |  |  | $ | (243) |  |  | $ | 277,439 |
Schedule of available-for-sale securities, unrealized loss position | As of June 30, 2020 and December 31, 2019, the gross unrealized losses and fair values of available-for-sale investment securities that were in unrealized loss positions were as follows:
| Less than 12 months |  |  |  | 12 months or more |  |  |  | Total fair value |  | Total unrealized loss
| Fair value |  | Unrealized loss |  | Fair value |  | Unrealized loss |  |  |  |
| (In thousands) |  |  |  |  |  |  |  |  |  |
June 30, 2020 |  |  |  |  |  |  |  |  |  |  |
Agency mortgage-backed securities | $ | 6,768 |  |  | $ | (45) |  |  | $ | 1,371 |  |  | $ | (4) |  |  | $ | 8,139 |  |  | $ | (49) |
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |
Agency mortgage-backed securities | $ | 43,337 |  |  | $ | (153) |  |  | $ | 8,735 |  |  | $ | (88) |  |  | $ | 52,072 |  |  | $ | (241) |
Municipal bonds | — |  |  | — |  |  | 113 |  |  | (2) |  |  | 113 |  |  | (2) |
Total investment securities | $ | 43,337 |  |  | $ | (153) |  |  | $ | 8,848 |  |  | $ | (90) |  |  | $ | 52,185 |  |  | $ | (243) |
Schedule of maturity dates for available-for-sale investment securities | As of June 30, 2020, the contractual maturities of our available-for-sale investment securities were as follows:
| Amortized cost |  | Fair value
| (In thousands) |  |
Due after one year through five years | 10,000 |  |  | 10,058 |
Due after five years through ten years | 10,000 |  |  | 10,000 |
Due after ten years | 9,275 |  |  | 9,462 |
Mortgage and asset-backed securities | 209,429 |  |  | 212,014 |
Total investment securities | $ | 238,704 |  |  | $ | 241,534 |

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- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 + Details
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- Definition Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=121590138&loc=SL82922954-210456 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121645371&loc=d3e27290-111563 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121582814&loc=SL82922888-210455 + Details
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