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INVESTMENT SECURITIES (Tables) | 12 Months Ended
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Dec. 31, 2020
INVESTMENT SECURITIES |
Schedule of amortized cost and fair value of securities available-for-sale and securities held-to-maturity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Unrealized/ | ​ | Unrealized/ | ​ | ​ | ​
​ | ​ | Amortized | ​ | Unrecognized | ​ | Unrecognized | ​ | ​ | ​
At December 31, 2020 |  | Cost |  | Gains |  | Losses |  | Fair Value
Debt securities available for sale | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential mortgage securities | ​ | $ | 192,163 | ​ | $ | 2,599 | ​ | $ | (74) | ​ | $ | 194,688
Commercial mortgage securities | ​ | ​ | 32,589 | ​ | ​ | 997 | ​ | ​ | (94) | ​ | ​ | 33,492
U.S. Government agency securities | ​ | ​ | 37,997 | ​ | ​ | — | ​ | ​ | (81) | ​ | ​ | 37,916
Total securities available for sale | ​ | $ | 262,749 | ​ | $ | 3,596 | ​ | $ | (249) | ​ | $ | 266,096
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Held-to-Maturity Securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential mortgage securities | ​ | ​ | 2,760 | ​ | ​ | 67 | ​ | ​ | — | ​ | ​ | 2,827
Total securities held to maturity | ​ | $ | 2,760 | ​ | $ | 67 | ​ | $ | — | ​ | $ | 2,827
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity investments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
CRA Mutual Fund | ​ | ​ | 2,299 | ​ | ​ | 14 | ​ | ​ | — | ​ | ​ | 2,313
Total equity investment securities | ​ | $ | 2,299 | ​ | $ | 14 | ​ | $ | — | ​ | $ | 2,313
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Unrealized/ | ​ | Unrealized/ | ​ | ​ | ​
​ | ​ | Amortized | ​ | Unrecognized | ​ | Unrecognized | ​ | ​ | ​
At December 31, 2019 |  | Cost |  | Gains |  | Losses |  | Fair Value
Debt securities available for sale | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential mortgage securities | ​ | $ | 175,902 | ​ | $ | 1,478 | ​ | $ | (117) | ​ | $ | 177,263
Commercial mortgage securities | ​ | ​ | 32,284 | ​ | ​ | 206 | ​ | ​ | (18) | ​ | ​ | 32,472
U.S. Government agency securities | ​ | ​ | 25,000 | ​ | ​ | 207 | ​ | ​ | — | ​ | ​ | 25,207
Total securities available for sale | ​ | $ | 233,186 | ​ | $ | 1,891 | ​ | $ | (135) | ​ | $ | 234,942
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Held-to-Maturity Securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential mortgage securities | ​ | ​ | 3,722 | ​ | ​ | 9 | ​ | ​ | (19) | ​ | ​ | 3,712
Total securities held to maturity | ​ | $ | 3,722 | ​ | $ | 9 | ​ | $ | (19) | ​ | $ | 3,712
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity investments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
CRA Mutual Fund | ​ | ​ | 2,258 | ​ | ​ | — | ​ | ​ | (34) | ​ | ​ | 2,224
Total equity investment securities | ​ | $ | 2,258 | ​ | $ | — | ​ | $ | (34) | ​ | $ | 2,224
Schedule of Realized Gain (Loss) on Sales and Calls of Securities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2020 |  | 2019
Proceeds | ​ | ​ | 141,422 | ​ | $ | 1,065
Gross gains | ​ | ​ | 3,286 | ​ | $ | —
Tax impact | ​ | ​ | (1,036) | ​ | $ | —
Schedule of amortized cost and fair value of debt securities classified by contractual maturity |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Held-to-Maturity | ​ | Available-for-Sale
At December 31, 2020 |  | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Within one year | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
One to five years | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 37,997 | ​ | ​ | 37,916
Five to ten years | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Due after ten years | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total | ​ | $ | — | ​ | $ | — | ​ | $ | 37,997 | ​ | $ | 37,916
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential mortgage securities | ​ | $ | 2,760 | ​ | ​ | 2,827 | ​ | ​ | 192,163 | ​ | ​ | 194,688
Commercial mortgage securities | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 32,589 | ​ | ​ | 33,492
Total Securities | ​ | $ | 2,760 | ​ | $ | 2,827 | ​ | $ | 262,749 | ​ | $ | 266,096
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Held-to-Maturity | ​ | Available-for-Sale
At December 31, 2019 |  | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Within one year | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
One to five years | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Five to ten years | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 25,000 | ​ | ​ | 25,207
Due after ten years | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total | ​ | $ | — | ​ | $ | — | ​ | $ | 25,000 | ​ | $ | 25,207
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential mortgage securities | ​ | $ | 3,722 | ​ | $ | 3,712 | ​ | $ | 175,902 | ​ | $ | 177,263
Commercial mortgage securities | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 32,284 | ​ | $ | 32,472
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Securities | ​ | $ | 3,722 | ​ | $ | 3,712 | ​ | $ | 233,186 | ​ | $ | 234,942
Schedule of securities with unrealized/unrecognized losses | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Less than 12 Months | ​ | 12 months or more | ​ | Total
​ | ​ | ​ | ​ | ​ | Unrealized/ | ​ | ​ | ​ | ​ | Unrealized/ | ​ | ​ | ​ | ​ | Unrealized/
​ | ​ | Estimated | ​ | Unrecognized | ​ | Estimated | ​ | Unrecognized | ​ | Estimated | ​ | Unrecognized
At December 31, 2020 |  | Fair Value |  | Losses |  | Fair Value |  | Losses |  | Fair Value |  | Losses
Debt securities available for sale | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential mortgage securities | ​ | $ | 33,734 | ​ | $ | (74) | ​ | $ | — | ​ | $ | — | ​ | $ | 33,734 | ​ | $ | (74)
Commercial mortgage securities | ​ | ​ | 12,314 | ​ | ​ | (93) | ​ | ​ | 385 | ​ | ​ | (1) | ​ | ​ | 12,699 | ​ | ​ | (94)
U.S. Government agency securities | ​ | ​ | 37,916 | ​ | ​ | (81) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 37,916 | ​ | ​ | (81)
Total securities available for sale | ​ | $ | 83,964 | ​ | $ | (248) | ​ | $ | 385 | ​ | $ | (1) | ​ | $ | 84,349 | ​ | $ | (249)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Held-to-Maturity Securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential mortgage securities | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
Total securities held to maturity | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity investments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
CRA Mutual Fund | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
Total equity investment securities | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Less than 12 Months | ​ | 12 months or more | ​ | Total
​ | ​ | ​ | ​ | ​ | Unrealized/ | ​ | ​ | ​ | ​ | Unrealized/ | ​ | ​ | ​ | ​ | Unrealized/
​ | ​ | Estimated | ​ | Unrecognized | ​ | Estimated | ​ | Unrecognized | ​ | Estimated | ​ | Unrecognized
At December 31, 2019 |  | Fair Value |  | Losses |  | Fair Value |  | Losses |  | Fair Value |  | Losses
Debt securities available for sale | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential mortgage securities | ​ | $ | 22,850 | ​ | $ | (52) | ​ | $ | 6,728 | ​ | $ | (65) | ​ | $ | 29,578 | ​ | $ | (117)
Commercial mortgage securities | ​ | ​ | 9,911 | ​ | ​ | (18) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 9,911 | ​ | ​ | (18)
Total securities available for sale | ​ | $ | 32,761 | ​ | $ | (70) | ​ | $ | 6,728 | ​ | $ | (65) | ​ | $ | 39,489 | ​ | $ | (135)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Held-to-Maturity Securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential mortgage securities | ​ | $ | — | ​ | $ | — | ​ | $ | 1,470 | ​ | $ | (19) | ​ | $ | 1,470 | ​ | $ | (19)
Total securities held to maturity | ​ | $ | — | ​ | $ | — | ​ | $ | 1,470 | ​ | $ | (19) | ​ | $ | 1,470 | ​ | $ | (19)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity investments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
CRA Mutual Fund | ​ | $ | — | ​ | $ | — | ​ | $ | 2,224 | ​ | $ | (34) | ​ | $ | 2,224 | ​ | $ | (34)
Total equity investment securities | ​ | $ | — | ​ | $ | — | ​ | $ | 2,224 | ​ | $ | (34) | ​ | $ | 2,224 | ​ | $ | (34)
​

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