Schedule of gross unrealized loss position of investments

The following tables summarize the fair value of securities held-to-maturity and securities available-for-sale at March 31, 2022 and December 31, 2021 and the corresponding amounts of gross unrealized losses. Management uses the valuations as of month-end in determining when securities are in an unrealized loss position. Therefore, a security’s market value could have exceeded its amortized cost on other days during the prior twelve-month period.


	March 31, 2022
	Less than 12 Months				12 Months or Longer				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(Dollars in thousands)	Value		Losses		Value		Losses		Value		Losses
Held-to-maturity
U.S Treasuries	$	5,510	$	(491)	$	—	$	—	$	5,510	$	(491)
U.S. government and federal agencies		19,818		(1,796)		12,894		(1,165)		32,712		(2,961)
Collateralized mortgage obligations		20,407		(1,918)		1,618		(176)		22,025		(2,094)
Taxable municipal		1,367		(184)		4,056		(478)		5,423		(662)
Mortgage-backed		17,229		(1,611)		12,152		(1,307)		29,381		(2,918)
Total Held-to-maturity Securities	$	64,331	$	(6,000)	$	30,720	$	(3,126)	$	95,051	$	(9,126)
Available-for-sale
U.S Treasuries	$	40,683	$	(2,203)	$	—	$	—	$	40,683	$	(2,203)
U.S. government and federal agencies		17,569		(619)		13,370		(1,222)		30,939		(1,841)
Corporate bonds		1,965		(35)		—		—		1,965		(35)
Collateralized mortgage obligations		33,514		(2,230)		3,284		(326)		36,798		(2,556)
Tax-exempt municipal		2,745		(192)		—		—		2,745		(192)
Taxable municipal		—		—		252		(18)		252		(18)
Mortgage-backed		143,279		(6,306)		13,494		(1,316)		156,773		(7,622)
Total Available-for-sale Securities	$	239,755	$	(11,585)	$	30,400	$	(2,882)	$	270,155	$	(14,467)


	December 31, 2021
	Less than 12 Months				12 Months or Longer				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(Dollars in thousands)	Value		Losses		Value		Losses		Value		Losses
Held-to-maturity
U.S Treasuries	$	5,851	$	(150)	$	—	$	—	$	5,851	$	(150)
U.S. government and federal agencies		31,617		(645)		3,376		(81)		34,993		(726)
Corporate bonds		—		—		—		—		—		—
Collateralized mortgage obligations		25,072		(534)		—		—		25,072		(534)
Tax-exempt municipal		—		—		—		—		—		—
Taxable municipal		3,971		(133)		1,923		(61)		5,894		(194)
Mortgage-backed		27,995		(573)		3,452		(74)		31,447		(647)
Total Held-to-maturity Securities	$	94,506	$	(2,035)	$	8,751	$	(216)	$	103,257	$	(2,251)
Available-for-sale
U.S Treasuries	$	30,543	$	(411)	$	—	$	—	$	30,543	$	(411)
U.S. government and federal agencies		14,154		(301)		6,877		(223)		21,031		(524)
Corporate bonds		—		—		—		—		—		—
Collateralized mortgage obligations		30,352		(726)		—		—		30,352		(726)
Tax-exempt municipal		—		—		—		—		—		—

Taxable municipal		265		(5)		—		—		265		(5)
Mortgage-backed		93,129		(1,280)		918		(46)		94,047		(1,326)
Total Available-for-sale Securities	$	168,443	$	(2,723)	$	7,795	$	(269)	$	176,238	$	(2,992)

Summary of restricted securities

The table below summarizes the carrying amount of restricted securities as of March 31, 2022 and December 31, 2021.


(Dollars in thousands)	March 31, 2022		December 31, 2021
Federal Reserve Bank Stock	$	3,280	$	3,275
Federal Home Loan Bank Stock		1,748		1,616
Community Bankers’ Bank Stock		60		60
Total Restricted Securities	$	5,088	$	4,951