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Securities (Tables) | 12 Months Ended
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Dec. 31, 2019
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, 2019 and 2018 are summarized as follow (in thousands):
|  | December 31, 2019 |  |  |  |  |  |
|  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
U.S. Government-sponsored enterprises (GSEs) |  | $ | 19,015 |  |  | $ | 41 |  |  | $ | (56) |  |  | $ | 19,000 |
Municipal securities |  | 63,792 |  |  | 618 |  |  | (19) |  |  | 64,391 |
Other debt securities |  | 3,481 |  |  | 22 |  |  | (33) |  |  | 3,470 |
Mortgage-backed securities (GSEs) |  | 91,531 |  |  | 382 |  |  | (426) |  |  | 91,487 |
Total |  | $ | 177,819 |  |  | $ | 1,063 |  |  | $ | (534) |  |  | $ | 178,348 |
|  | 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 (GSEs) |  | 103,875 |  |  | 153 |  |  | (1,914) |  |  | 102,114 |
Total |  | $ | 204,217 |  |  | $ | 441 |  |  | $ | (2,970) |  |  | $ | 201,688 |
Investments Classified by Contractual Maturity Date | The amortized cost and estimated market value of securities at December 31, 2019, 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 |  | $ | 3,292 |  |  | $ | 3,290 |
Due from one year to five years |  | 11,015 |  |  | 10,962 |
Due from five years to ten years |  | 12,514 |  |  | 12,569 |
Due after ten years |  | 59,467 |  |  | 60,040 |
|  | 86,288 |  |  | 86,861 |
Mortgage-backed securities |  | 91,531 |  |  | 91,487 |
Total |  | $ | 177,819 |  |  | $ | 178,348 |
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, 2019 and 2018 (in thousands):
|  | As of December 31, 2019 |  |  |  |  |  |  |  |  |  |
|  | 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) |  | $ | 2,972 |  |  | $ | (43) |  |  | $ | 5,987 |  |  | $ | (13) |  |  | $ | 8,959 |  |  | $ | (56) |
Municipal securities |  | 3,656 |  |  | (16) |  |  | 527 |  |  | (3) |  |  | 4,183 |  |  | (19) |
Other debt securities |  | — |  |  | — |  |  | 947 |  |  | (33) |  |  | 947 |  |  | (33) |
Mortgage-backed securities (GSEs) |  | 13,208 |  |  | (194) |  |  | 19,988 |  |  | (232) |  |  | 33,196 |  |  | (426) |
Total |  | $ | 19,836 |  |  | $ | (253) |  |  | $ | 27,449 |  |  | $ | (281) |  |  | $ | 47,285 |  |  | $ | (534) |
|  | 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 (GSEs) |  | 10,516 |  |  | (155) |  |  | 69,884 |  |  | (1,759) |  |  | 80,400 |  |  | (1,914) |
Total |  | $ | 41,734 |  |  | $ | (542) |  |  | $ | 89,289 |  |  | $ | (2,428) |  |  | $ | 131,023 |  |  | $ | (2,970) |
Schedule of Temporarily Impaired Securities | At December 31, 2019, the categories of temporarily impaired securities in an unrealized loss position twelve months or greater are as follows (dollars in thousands):
|  | Gross Unrealized Loss |  | Number of Securities
U.S. Government- sponsored enterprises (GSEs) |  | $ | (13) |  |  | 2 |
Municipal securities |  | (3) |  |  | 1 |
Other debt securities |  | (33) |  |  | 1 |
Mortgage-backed securities (GSEs) |  | (232) |  |  | 31 |
|  | $ | (281) |  |  | 35
Schedule of Realized Gain (Loss) on Available-for-sale Securities | Sales and redemption of available-for-sale securities for the years ended December 31, 2019 and 2018, were as follows (in thousands):
|  | 2019 |  | 2018
Proceeds from sales and redemption |  | $ | 32,070 |  |  | $ | 75,625 |
Gains realized |  | 35 |  |  | 1 |
Losses realized |  | 1 |  |  | 0 |
Schedule of Other Investments | The following is the amortized cost and carrying value of other investments (in thousands):
|  | As of December 31, |  |  |
|  | 2019 |  | 2018 |
Federal Reserve Bank stock |  | $ | 7,917 |  |  | 7,010 |  |
Federal Home Loan Bank stock |  | 4,646 |  |  | 4,139 |  |
First National Bankers Bank stock |  | 350 |  |  | 350 |  |
|  | $ | 12,913 |  |  | $ | 11,499 |  |

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