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Securities (Tables)

12 Months Ended

Dec. 31, 2020

Securities

Schedule of amortized cost and fair value of securities


		December 31, 2020
					Gross		Gross				# of Securities
		Amortized			unrealized		unrealized		Fair		in unrealized
(dollars in thousands)		cost			gains		losses		value		loss position
Securities available-for-sale:
U.S. asset backed securities		$	25,303		364		(75)		25,592		8
U.S. government agency mortgage-backed securities			3,854		192		—		4,046		—
U.S. government agency collateralized mortgage obligations			23,010		916		(17)		23,909		1
State and municipal securities			63,848		2,025		(63)		65,810		3
Corporate bonds			4,200		7		(2)		4,205		2
Total securities available-for-sale		$	120,215		3,504		(157)		123,562		14
Securities held-to-maturity:
State and municipal securities			6,510		347		—		6,857		—
Total securities held-to-maturity		$	6,510		347		—		6,857		—


		December 31, 2019
					Gross		Gross				# of Securities
		Amortized			unrealized		unrealized		Fair		in unrealized
(dollars in thousands)		cost			gains		losses		value		loss position
Securities available-for-sale:
U.S. asset backed securities		$	11,967		—		(101)		11,866		9
U.S. government agency mortgage-backed securities			5,457		66		(26)		5,497		1
U.S. government agency collateralized mortgage obligations			35,096		300		(173)		35,223		15
State and municipal securities			6,354		—		(84)		6,270		6
Total securities available-for-sale		$	58,874		366		(384)		58,856		31
Securities held-to-maturity:
State and municipal securities			8,780		223		—		9,003		—
Total securities held-to-maturity		$	8,780		223		—		9,003		—

Schedule of investment gross unrealized loss in continuous unrealized loss position


		December 31, 2020
		Less than 12 Months					12 Months or more				Total
		Fair			Unrealized		Fair		Unrealized		Fair		Unrealized
(dollars in thousands)		value			losses		value		losses		value		losses
Securities available-for-sale:
U.S. asset backed securities		$	2,884		(4)		7,443		(71)		10,327		(75)
U.S. government agency collateralized mortgage obligations			2,284		(17)		—		—		2,284		(17)
State and municipal securities			4,163		(63)		—		—		4,163		(63)
Corporate bonds			1,198		(2)		—		—		1,198		(2)
Total securities available-for-sale		$	10,529		(86)		7,443		(71)		17,972		(157)


		December 31, 2019
		Less than 12 Months					12 Months or more				Total
		Fair			Unrealized		Fair		Unrealized		Fair		Unrealized
(dollars in thousands)		value			losses		value		losses		value		losses
Securities available-for-sale:
U.S. asset backed securities		$	11,866		(101)		—		—		11,866		(101)
U.S. government agency mortgage-backed securities			—		—		1,636		(26)		1,636		(26)
U.S. government agency collateralized mortgage obligations			16,283		(116)		3,108		(57)		19,391		(173)
State and municipal securities			6,270		(84)		—		—		6,270		(84)
Total securities available-for-sale		$	34,419		(301)		4,744		(83)		39,163		(384)

Schedule of amortized cost and carrying value of held-to-maturity securities and available-for-sale securities by contractual maturity


		December 31, 2020									December 31, 2019
		Available-for-sale					Held-to-maturity				Available-for-sale					Held-to-maturity
		Amortized			Fair		Amortized		Fair		Amortized			Fair		Amortized		Fair
(dollars in thousands)		cost			value		cost		value		cost			value		cost		value
Investment securities:
Due in one year or less		$	—		—		—		—		$	—		—		—		—
Due after one year through five years			—		—		3,181		3,288			—		—		4,242		4,311
Due after five years through ten years			12,035		12,095		3,329		3,569			1,329		1,324		4,538		4,692
Due after ten years			81,316		83,512		—		—			16,992		16,812		—		—
Subtotal			93,351		95,607		6,510		6,857			18,321		18,136		8,780		9,003
Mortgage-related securities			26,864		27,955		—		—			40,553		40,720		—		—
Total		$	120,215		123,562		6,510		6,857		$	58,874		58,856		8,780		9,003