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Investment Securities (Tables)

9 Months Ended

Sep. 30, 2020

Investment Securities [Abstract]

Schedule of Available-for-Sale Securities Reconciliation


					Gross			Gross			Estimated
		Amortized			Unrealized			Unrealized			Fair
(Dollars in thousands)		Cost			Gains			Losses			Value
Available-for-sale securities:
September 30, 2020
U.S. Government agencies		$	24,661		$	54		$	83		$	24,632
Mortgage-backed			112,068			2,730			81			114,717
Total		$	136,729		$	2,784		$	164		$	139,349

December 31, 2019
U.S. Government agencies		$	23,854		$	3		$	31		$	23,826
Mortgage-backed			98,638			574			247			98,965
Total		$	122,492		$	577		$	278		$	122,791

During the three months ended September 30, 2020, no available for sale securities were sold. During the nine months ended September 30, 2020, the Company sold available for sale securities for proceeds of $13.0 million and recognized gross gains of $347 thousand in the second quarter of 2020. No available for sale securities were sold during the three and nine months ended September 30, 2019.


					Gross			Gross			Estimated
		Amortized			Unrealized			Unrealized			Fair
(Dollars in thousands)		Cost			Gains			Losses			Value
Held-to-maturity securities:
September 30, 2020
U.S. Government agencies		$	1,195		$	40		$	—		$	1,235
States and political subdivisions			400			1			—			401
Other debt securities			18,579			79			40			18,618
Total		$	20,174		$	120		$	40		$	20,254

December 31, 2019
U.S. Government agencies		$	1,386		$	—		$	5		$	1,381
States and political subdivisions			400			1			—			401
Other debt securities			7,000			—			128			6,872
Total		$	8,786		$	1		$	133		$	8,654

Available-For-Sale Securities and Held-to-Maturity, Continuous Unrealized Loss Position, Fair Value


		Less than						More than
		12 Months						12 Months						Total
		Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
(Dollars in thousands)		Value			Losses			Value			Losses			Value			Losses
September 30, 2020
Available-for-sale securities:
U.S. Government agencies		$	14,919		$	81		$	397		$	2		$	15,316		$	83
Mortgage-backed			24,734			81			—			—			24,734			81
Total		$	39,653		$	162		$	397		$	2		$	40,050		$	164

Held-to-maturity securities:
Other debt securities		$	6,511		$	40		$	—		$	—		$	6,511		$	40
Total		$	6,511		$	40		$	—		$	—		$	6,511		$	40


		Less than						More than
		12 Months						12 Months						Total
		Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
(Dollars in thousands)		Value			Losses			Value			Losses			Value			Losses
December 31, 2019
Available-for-sale securities:
U.S. Government agencies		$	4,995		$	5		$	18,516		$	26		$	23,511		$	31
Mortgage-backed			12,180			27			22,282			220			34,462			247
Total		$	17,175		$	32		$	40,798		$	246		$	57,973		$	278

Held-to-maturity securities:
U.S. Government agencies		$	1,381		$	5		$	—		$	—		$	1,381		$	5
Other debt securities			3,905			95			2,967			33			6,872			128
Total		$	5,286		$	100		$	2,967		$	33		$	8,253		$	133

Schedule of Securities Debt Maturities


		Available for sale						Held to maturity
		Amortized						Amortized
(Dollars in thousands)		Cost			Fair Value			Cost			Fair Value
Due in one year or less		$	9,000		$	9,051		$	—		$	—
Due after one year through five years			1,610			1,664			2,951			2,927
Due after five years through ten years			57,727			59,491			16,028			16,092
Due after ten years			68,392			69,143			1,195			1,235
Total		$	136,729		$	139,349		$	20,174		$	20,254