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Securities (Tables)
3 Months Ended
Mar. 31, 2020
Debt Securities, Available-for-sale [Abstract]  
Amortized Costs And Fair Values Of Securities Available For Sale
Amortized costs and fair values of securities available for sale at March 31, 2020 and December 31, 2019 were as follows:
 
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
(Losses)
 
Fair
Value
 
March 31, 2020
 
(in thousands)
Obligations of U.S. government corporations and agencies
$
17,051

 
$
1,348

 
$

 
$
18,399

Mortgage-backed securities
102,500

 
3,580

 

 
106,080

Obligations of states and political subdivisions
31,453

 
520

 
(61
)
 
31,912

 
$
151,004

 
$
5,448

 
$
(61
)
 
$
156,391

 
December 31, 2019
 
(in thousands)
Obligations of U.S. government corporations and agencies
$
21,917

 
$
363

 
$
(94
)
 
$
22,186

Mortgage-backed securities
107,410

 
966

 
(215
)
 
108,161

Obligations of states and political subdivisions
33,854

 
858

 
(56
)
 
34,656

 
$
163,181

 
$
2,187

 
$
(365
)
 
$
165,003

Fair Value And Gross Unrealized Losses For Securities Available For Sale
The fair value and gross unrealized losses for securities available for sale, totaled by the length of time that individual securities have been in a continuous gross unrealized loss position, at March 31, 2020 and December 31, 2019 were as follows:
 
 
Less than 12 months
 
12 months or more
 
Total
 
Fair Value
 
Gross
Unrealized
Losses
 
Fair Value
 
Gross
Unrealized
Losses
 
Fair Value
 
Gross
Unrealized
Losses
 
March 31, 2020
 
(in thousands)
Obligations of states and political subdivisions
$
4,874

 
$
61

 
$

 
$

 
$
4,874

 
$
61

 
$
4,874

 
$
61

 
$

 
$

 
$
4,874

 
$
61

 
December 31, 2019
 
(in thousands)
Obligations of U.S. government corporations and agencies
$
5,466

 
$
91

 
$
1,997

 
$
3

 
$
7,463

 
$
94

Mortgage-backed securities
19,509

 
176

 
5,271

 
39

 
24,780

 
215

Obligations of states and political subdivisions
3,127

 
49

 
923

 
7

 
4,050

 
56

 
$
28,102

 
$
316

 
$
8,191

 
$
49

 
$
36,293

 
$
365

Restricted Investments
The composition of restricted investments at March 31, 2020 and December 31, 2019 was as follows:
 
 
March 31, 2020
 
December 31, 2019
 
(in thousands)
Federal Reserve Bank Stock
$
344

 
$
344

Federal Home Loan Bank Stock
784

 
713

Community Bankers’ Bank Stock
140

 
140

 
$
1,268

 
$
1,197