Investment Securities (Tables)
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12 Months Ended |
Dec. 31, 2018 |
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| Investments, Debt and Equity Securities [Abstract] |
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| Unrealized Gain (Loss) on Investments |
The amortized cost and estimated fair value of investment securities at December 31, 2018 and 2017 are summarized as follows (in thousands): | | | | | | | | | | | | | | | | | | Investment Securities Available for Sale | | | | | | | | | Amortized Cost | | Unrealized Gains | | Unrealized Losses | | Fair Value | (in thousands) | | | | | December 31, 2018 | | | | | | | | | U.S. government-sponsored enterprises | | $ | 17,496 |
| | $ | — |
| | $ | (136 | ) | | $ | 17,360 |
| Municipal | | 517 |
| | — |
| | (16 | ) | | 501 |
| Corporate | | 2,908 |
| | 28 |
| | (51 | ) | | 2,885 |
| Mortgage-backed securities | | 26,836 |
| | 46 |
| | (696 | ) | | 26,186 |
| | | $ | 47,757 |
| | $ | 74 |
| | $ | (899 | ) | | $ | 46,932 |
| | | | | | | | | | December 31, 2017 | | | | | | | | | U.S. government-sponsored enterprises | | $ | 17,489 |
| | $ | 1 |
| | $ | (120 | ) | | $ | 17,370 |
| Municipal | | 518 |
| | — |
| | (3 | ) | | 515 |
| Corporate | | 3,060 |
| | 67 |
| | (50 | ) | | 3,077 |
| Mortgage-backed securities | | 33,310 |
| | 179 |
| | (422 | ) | | 33,067 |
| | | $ | 54,377 |
| | $ | 247 |
| | $ | (595 | ) | | $ | 54,029 |
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| Schedule of Investment Portfolio in Continuous Unrealized Loss Position, Fair Value |
Information related to unrealized losses in the investment portfolio as of December 31, 2018 and 2017 are as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | Investment Securities Unrealized Losses | | | | | | | | | | | | | Less than 12 months | | 12 months or longer | | Total | | | Fair Value | | Unrealized Losses | | Fair Value | | Unrealized Losses | | Fair Value | | Unrealized Losses | (in thousands) | | | | | | | December 31, 2018 | | | | | | | | | | | | | U.S. government-sponsored enterprises | | $ | 496 |
| | $ | (2 | ) | | $ | 16,864 |
| | $ | (134 | ) | | $ | 17,360 |
| | $ | (136 | ) | Municipal | | — |
| | — |
| | 501 |
| | (16 | ) | | 501 |
| | (16 | ) | Corporate | | — |
| | — |
| | 857 |
| | (51 | ) | | 857 |
| | (51 | ) | Mortgage-backed securities | | 2,294 |
| | (7 | ) | | 21,037 |
| | (689 | ) | | 23,331 |
| | (696 | ) | | | $ | 2,790 |
| | $ | (9 | ) | | $ | 39,259 |
| | $ | (890 | ) | | $ | 42,049 |
| | $ | (899 | ) | | | | | | | | | | | | | | December 31, 2017 | | | | | | | | | | | | | U.S. government-sponsored enterprises | | $ | 8,967 |
| | $ | (26 | ) | | $ | 7,906 |
| | $ | (94 | ) | | $ | 16,873 |
| | $ | (120 | ) | Municipal | | 515 |
| | (3 | ) | | — |
| | — |
| | 515 |
| | (3 | ) | Corporate | | — |
| | — |
| | 1,010 |
| | (50 | ) | | 1,010 |
| | (50 | ) | Mortgage-backed securities | | 11,204 |
| | (165 | ) | | 13,645 |
| | (257 | ) | | 24,849 |
| | (422 | ) | | | $ | 20,686 |
| | $ | (194 | ) | | $ | 22,561 |
| | $ | (401 | ) | | $ | 43,247 |
| | $ | (595 | ) |
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| Schedule Of Pledged Securities |
A summary of pledged securities at December 31, 2018 and 2017 are shown below: | | | | | | | | | | | | | | | | | | Pledged Securities | | | | | For the Years Ended December 31, | | | 2018 | | 2017 | (in thousands) | | Amortized Cost | | Fair Value | | Amortized Cost | | Fair Value | Securities sold under agreements to repurchase | | $ | 16,032 |
| | $ | 15,862 |
| | $ | 14,405 |
| | $ | 14,475 |
| Federal Home Loan Bank advances | | 6,713 |
| | 6,662 |
| | 7,433 |
| | 7,454 |
| | | $ | 22,745 |
| | $ | 22,524 |
| | $ | 21,838 |
| | $ | 21,929 |
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| Investments Classified by Contractual Maturity Date |
Contractual maturities of U.S. government-sponsored enterprises and corporate securities at December 31, 2018 and 2017 are shown below. Actual maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. | | | | | | | | | | | | | | | | | | Investment Securities - Contractual Maturities | | | | | | | | | For the Years Ended December 31, | | | 2018 | | 2017 | (in thousands) | | Amortized Cost | | Fair Value | | Amortized Cost | | Fair Value | Within one year | | $ | 16,496 |
| | $ | 16,377 |
| | $ | — |
| | $ | — |
| Over one to five years | | 1,000 |
| | 983 |
| | 17,489 |
| | 17,370 |
| Over five to ten years | | 2,000 |
| | 2,028 |
| | 2,518 |
| | 2,582 |
| Over ten years | | 1,425 |
| | 1,358 |
| | 1,060 |
| | 1,010 |
| Mortgage-backed securities(1) | | 26,836 |
| | 26,186 |
| | 33,310 |
| | 33,067 |
| | | $ | 47,757 |
| | $ | 46,932 |
| | $ | 54,377 |
| | $ | 54,029 |
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_______________ | | (1) | Mortgage-backed securities are due in monthly installments. |
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