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Securities (Tables)
12 Months Ended
Dec. 31, 2020
Available For Sale Securities [Abstract]  
Amortized Costs And Fair Values Of Securities Available For Sale

Amortized costs and fair values of securities available for sale at December 31, 2020 and 2019 were as follows:

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

(Losses)

 

 

Fair

Value

 

 

 

December 31, 2020

 

 

 

(in thousands)

 

Obligations of U.S. government corporations and agencies

 

$

16,576

 

 

$

907

 

 

$

 

 

$

17,483

 

Mortgage-backed securities

 

 

117,161

 

 

 

1,894

 

 

 

(46

)

 

 

119,009

 

Obligations of states and political subdivisions

 

 

25,840

 

 

 

1,373

 

 

 

 

 

 

27,213

 

Subordinated debt

 

 

1,250

 

 

 

 

 

 

 

 

 

1,250

 

 

 

$

160,827

 

 

$

4,174

 

 

$

(46

)

 

$

164,955

 

 

 

 

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

 

 

Schedule Composition Of Restricted Investments

 


 

Carrying amounts of restricted securities at December 31, 2020 and 2019 were as follows:

 

 

 

December 31, 2020

 

 

December 31, 2019

 

 

 

(in thousands)

 

Federal Reserve Bank Stock

 

$

344

 

 

$

344

 

Federal Home Loan Bank Stock

 

 

783

 

 

 

713

 

Community Bankers’ Bank Stock

 

 

140

 

 

 

140

 

 

 

$

1,267

 

 

$

1,197

 

 

Investments Classified by Contractual Maturity Date

The amortized cost and fair value of securities available for sale at December 31, 2020, by contractual maturity, are shown below. Maturities may differ from contractual maturities primarily (others could be called) in mortgage-backed securities because the mortgages underlying the securities may be called or repaid without any penalties.

 

 

 

Amortized Cost

 

 

Fair Value

 

 

 

(in thousands)

 

Due in one year or less

 

$

751

 

 

$

760

 

Due after one year through five years

 

 

8,587

 

 

 

8,879

 

Due after five years through ten years

 

 

32,281

 

 

 

34,056

 

Due after ten years

 

 

119,208

 

 

 

121,260

 

 

 

$

160,827

 

 

$

164,955

 

 

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 unrealized loss position, at December 31, 2020 and 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

 

 

 

December 31, 2020

 

 

 

(in thousands)

 

Mortgage-backed securities

 

$

12,014

 

 

$

46

 

 

$

 

 

$

 

 

$

12,014

 

 

$

46

 

 

 

$

12,014

 

 

$

46

 

 

$

 

 

$

 

 

$

12,014

 

 

$

46

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less than 12 months

 

 

12 months or more

 

 

Total

 

 

 

Fair Value

 

 

Gross

Unrealized

Losses

 

 

Fair Value

 

 

Gross

Unrealized

Losses

 

 

Fair Value

 

 

Gross

Unrealized

Losses

 

 

 

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