Securities (Tables)

12 Months Ended

Dec. 31, 2018

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-sale Securities Reconciliation

The amortized cost and fair value of securities available-for-sale at December 31, 2018 and 2017 are summarized as follow (in thousands):



	December 31, 2018
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Government-sponsored enterprises (GSEs)	$	44,117	$	12	$	(626	)	$	43,503
Municipal securities	55,248		276		(363		)	55,161
Other debt securities	977		—		(67		)	910
Mortgage-backed securities	103,875		153		(1,914		)	102,114
Total	$	204,217	$	441	$	(2,970	)	$	201,688



	December 31, 2017
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Government-sponsored enterprises (GSEs)	$	26,207	$	1	$	(432	)	$	25,776
Municipal securities	9,122		28		(147		)	9,003
Other debt securities	974		—		(24		)	950
Mortgage-backed securities	117,263		136		(1,184		)	116,215
Total	$	153,566	$	165	$	(1,787	)	$	151,944

Investments Classified by Contractual Maturity Date

The amortized cost and estimated market value of securities at December 31, 2018, by contractual maturity, are shown below (in thousands). Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.



	Amortized Cost		Fair Value
Due in one year or less	$	—	$	—
Due from one year to five years	36,112		35,780
Due from five years to ten years	14,588		14,145
Due after ten years	49,642		49,649
	100,342		99,574
Mortgage-backed securities	103,875		102,114
Total	$	204,217	$	201,688

Schedule of Unrealized Loss on Investments

The following tables present the gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities available-for-sale have been in a continuous unrealized loss position, as of December 31, 2018 and 2017 (in thousands):



	As of December 31, 2018
	Less than 12 Months					12 Months or Greater					Total
	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
U.S. Government- sponsored enterprises (GSEs)	$	14,763	$	(237	)	$	13,728	$	(389	)	$	28,491	$	(626	)
Municipal securities	16,455		(150		)	4,767		(213		)	21,222		(363		)
Other debt securities	—		—			910		(67		)	910		(67		)
Mortgage-backed securities	10,516		(155		)	69,884		(1,759		)	80,400		(1,914		)
Total	$	41,734	$	(542	)	$	89,289	$	(2,428	)	$	131,023	$	(2,970	)



	As of December 31, 2017
	Less than 12 Months					12 Months or Greater					Total
	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
U.S. Government- sponsored enterprises (GSEs)	$	1,358	$	(1	)	$	13,420	$	(431	)	$	14,778	$	(432	)
Municipal securities	3,418		(43		)	2,112		(104		)	5,530		(147		)
Other debt securities	950		(24		)	—		—			950		(24		)
Mortgage-backed securities	61,332		(407		)	35,048		(777		)	96,380		(1,184		)
Total	$	67,058	$	(475	)	$	50,580	$	(1,312	)	$	117,638	$	(1,787	)

Schedule of Realized Gain (Loss) on Available-for-sale Securities

Sales of available-for-sale securities for the years ended December 31, 2018 and 2017, were as follows (in thousands):



	2018		2017
Proceeds	$	2,970	$	12,614
Gains realized	1		145
Losses realized	—		2