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v3.21.1

Securities (Tables) | 3 Months Ended
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Mar. 31, 2021
Securities |
Schedule of amortized cost and fair values of securities held-to-maturity and securities available-for-sale | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2021
​ |  | ​ | ​ |  | Gross |  | Gross |  | ​ | ​
​ | ​ | Amortized | ​ | Unrealized | ​ | Unrealized | ​ | Fair
(In thousands) | ​ | Cost | ​ | Gains | ​ | (Losses) | ​ | Value
Held-to-maturity |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Securities of state and local municipalities tax exempt | ​ | $ | 264 | ​ | $ | 8 | ​ | $ | — | ​ | $ | 272
Total Held-to-maturity Securities | ​ | $ | 264 | ​ | $ | 8 | ​ | $ | — | ​ | $ | 272
Available-for-sale | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ |  |
Securities of state and local municipalities tax exempt | ​ | $ | 2,396 | ​ | $ | 70 | ​ | $ | — | ​ | $ | 2,466
Securities of state and local municipalities taxable | ​ |  | 747 | ​ |  | 7 | ​ |  | — | ​ |  | 754
Corporate bonds | ​ |  | 13,972 | ​ |  | 155 | ​ |  | (65) | ​ |  | 14,062
SBA pass-through securities | ​ |  | 121 | ​ |  | 1 | ​ |  | — | ​ |  | 122
Mortgage-backed securities | ​ |  | 95,325 | ​ |  | 2,065 | ​ |  | (1,136) | ​ |  | 96,254
Collateralized mortgage obligations | ​ |  | 21,055 | ​ |  | 467 | ​ |  | (76) | ​ |  | 21,446
Total Available-for-sale Securities | ​ | $ | 133,616 | ​ | $ | 2,765 | ​ | $ | (1,277) | ​ | $ | 135,104
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2020
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | Amortized | ​ | Unrealized | ​ | Unrealized | ​ | Fair
(In thousands) |  | Cost |  | Gains |  | (Losses) |  | Value
Held-to-maturity |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Securities of state and local municipalities tax exempt | ​ | $ | 264 | ​ | $ | 10 | ​ | $ | — | ​ | $ | 274
Total Held-to-maturity Securities | ​ | $ | 264 | ​ | $ | — | ​ | $ | — | ​ | $ | 274
Available-for-sale | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Securities of state and local municipalities tax exempt | ​ | $ | 3,398 | ​ | $ | 95 | ​ | $ | — | ​ | $ | 3,493
Securities of state and local municipalities taxable | ​ |  | 804 | ​ |  | 14 | ​ |  | — | ​ |  | 818
Corporate bonds | ​ |  | 12,974 | ​ |  | 80 | ​ |  | (237) | ​ |  | 12,817
SBA pass-through securities | ​ |  | 138 | ​ |  | 3 | ​ |  | — | ​ |  | 141
Mortgage-backed securities | ​ |  | 81,296 | ​ |  | 2,479 | ​ |  | (61) | ​ |  | 83,714
Collateralized mortgage obligations | ​ |  | 24,476 | ​ |  | 718 | ​ |  | (26) | ​ |  | 25,168
Total Available-for-sale Securities | ​ | $ | 123,086 | ​ | $ | 3,389 | ​ | $ | (324) | ​ | $ | 126,151
Schedule of available-for-sale securities that have been in a continuous unrealized loss position | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Less Than 12 Months | ​ | 12 Months or Longer | ​ | Total
(In thousands) | ​ | Fair | ​ | Unrealized | ​ | Fair | ​ | Unrealized | ​ | Fair | ​ | Unrealized
At March 31, 2021 |  | Value |  | Losses |  | Value |  | Losses |  | Value |  | Losses
Corporate bonds | ​ | $ | 1,976 | ​ | $ | (24) | ​ | $ | 2,184 | ​ | $ | (41) | ​ | $ | 4,160 | ​ | $ | (65)
Mortgage-backed securities | ​ |  | 43,337 | ​ |  | (1,136) | ​ |  | — | ​ |  | — | ​ |  | 43,337 | ​ |  | (1,136)
Collateralized mortgage obligations | ​ |  | 3,930 | ​ |  | (76) | ​ |  | — | ​ |  | — | ​ |  | 3,930 | ​ |  | (76)
Total | ​ | $ | 49,243 | ​ | $ | (1,236) | ​ | $ | 2,184 | ​ | $ | (41) | ​ | $ | 51,427 | ​ | $ | (1,277)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Less Than 12 Months | ​ | 12 Months or Longer | ​ | Total
​ |  | Fair |  | Unrealized |  | Fair |  | Unrealized |  | Fair |  | Unrealized
At December 31, 2020 |  | Value |  | Losses |  | Value |  | Losses |  | Value |  | Losses
Corporate bonds | ​ | $ | 4,240 | ​ | $ | (10) | ​ | $ | 2,000 | ​ | $ | (227) | ​ | $ | 6,240 | ​ | $ | (237)
Mortgage-backed securities | ​ |  | 17,504 | ​ |  | (61) | ​ |  | — | ​ |  | — | ​ |  | 17,504 | ​ |  | (61)
Collateralized mortgage obligations | ​ |  | 2,098 | ​ |  | (26) | ​ |  | — | ​ |  | — | ​ |  | 2,098 | ​ |  | (26)
Total | ​ | $ | 23,842 | ​ | $ | (97) | ​ | $ | 2,000 | ​ | $ | (227) | ​ | $ | 25,842 | ​ | $ | (324)
Schedule of amortized cost and fair value of held-to-maturity securities and available-for-sale securities by contractual maturity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2021
​ | ​ | Held-to-maturity | ​ | Available-for-sale
​ |  | Amortized |  | Fair |  | Amortized |  | Fair
(In thousands) | ​ | Cost | ​ | Value | ​ | Cost | ​ | Value
After 1 year through 5 years | ​ | $ | — | ​ | $ | — | ​ | $ | 4,020 | ​ | $ | 4,044
After 5 years through 10 years | ​ |  | 264 | ​ |  | 272 | ​ |  | 26,993 | ​ |  | 27,761
After 10 years | ​ |  | — | ​ |  | — | ​ |  | 102,603 | ​ |  | 103,299
Total | ​ | $ | 264 | ​ | $ | 272 | ​ | $ | 133,616 | ​ | $ | 135,104

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