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Investment Securities (Tables)

3 Months Ended

Mar. 31, 2021

Investment Securities

Schedule of amortized cost and fair value of debt securities available-for-sale


		Total
		Amortized			Gross Unrealized						Fair
(in thousands)		Cost			Gains			Losses			Value
March 31, 2021
U.S. Treasury		$	3,018		$	23		$	—		$	3,041
U.S. government and federal agency obligations			20,161			76			(408)			19,829
U.S. government-sponsored enterprises			22,497			238			(184)			22,551
Obligations of states and political subdivisions			70,324			961			(467)			70,818
Mortgage-backed securities			108,106			1,586			(1,048)			108,644
Other debt securities (a)			11,825			209			(11)			12,023
Bank issued trust preferred securities (a)			1,486			—			(250)			1,236
Total available-for-sale securities		$	237,417		$	3,093		$	(2,368)		$	238,142

December 31, 2020
U.S. Treasury		$	2,772		$	26		$	—		$	2,798
U.S. government and federal agency obligations			11,732			197			—			11,929
U.S. government-sponsored enterprises			22,495			379			—			22,874
Obligations of states and political subdivisions			56,943			1,801			—			58,744
Mortgage-backed securities			88,357			1,809			(54)			90,112
Other debt securities (a)			10,000			358			(14)			10,344
Bank issued trust preferred securities (a)			1,486			—			(257)			1,229
Total available-for-sale securities		$	193,785		$	4,570		$	(325)		$	198,030

(a) Certain hybrid instruments possessing characteristics typically associated with debt obligations.

Schedule of amortized cost and fair value of debt securities classified as available-for-sale by contractual maturity


		Amortized			Fair
(in thousands)		Cost			Value
Due in one year or less		$	4,975		$	5,011
Due after one year through five years			18,245			18,456
Due after five years through ten years			35,184			35,589
Due after ten years			70,907			70,442
Total			129,311			129,498
Mortgage-backed securities			108,106			108,644
Total available-for-sale securities		$	237,417		$	238,142

Schedule of Other securities


		March 31,			December 31,
(in thousands)		2021			2020
Other securities:
FHLB stock		$	5,992		$	6,170
MIB stock			151			151
Equity securities with readily determinable fair values			45			32
Total other investment securities		$	6,188		$	6,353

Schedule of gross unrealized losses on debt securities and fair value of related securities aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position


		Less than 12 months						12 months or more						Total			Total
		Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
(in thousands)		Value			Losses			Value			Losses			Value			Losses
At March 31, 2021
U.S. Treasury		$	1,022		$	—		$	250		$	—		$	1,272		$	—
U.S. government and federal agency obligations			14,447			(408)			—			—			14,447			(408)
U.S. government-sponsored enterprises			5,816			(184)			—			—			5,816			(184)
Obligations of states and political subdivisions			22,580			(467)			—			—			22,580			(467)
Mortgage-backed securities			46,969			(1,048)			—			—			46,969			(1,048)
Other debt securities			2,989			(11)			—			—			2,989			(11)
Bank issued trust preferred securities			—			—			1,236			(250)			1,236			(250)
Total		$	93,823		$	(2,118)		$	1,486		$	(250)		$	95,309		$	(2,368)

(in thousands)
At December 31, 2020
U.S. Treasury		$	1,015		$	—		$	—		$	—		$	1,015		$	—
Mortgage-backed securities			7,494			(54)			—			—			7,494			(54)
Other debt securities			2,987			(14)			—			—			2,987			(14)
Bank issued trust preferred securities			—			—			1,229			(257)			1,229			(257)
Total		$	11,496		$	(68)		$	1,229		$	(257)		$	12,725		$	(325)

Schedule of components of investment securities gains and losses


		Three Months Ended March 31,
(in thousands)		2021			2020
Investment securities gains (losses), net
Available for sale securities:
Gross realized gains		$	2		$	—
Gross realized losses			—			—
Other-than-temporary impairment recognized			—			—
Other investment securities:
Fair value adjustments, net			12			(1)
Investment securities gains (losses), net		$	14		$	(1)