XML 39 R23.htm IDEA: XBRL DOCUMENT

Securities (Tables)

3 Months Ended

Mar. 31, 2021

Securities

Schedule of amortized cost and fair value of securities


		March 31, 2021
					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		$	26,828		458		(56)		27,230		7
U.S. government agency mortgage-backed securities			3,796		126		—		3,922		—
U.S. government agency collateralized mortgage obligations			23,014		642		(137)		23,519		5
State and municipal securities			72,815		704		(871)		72,648		30
U.S. Treasuries			1,938		—		(22)		1,916		1
Corporate bonds			4,950		17		(37)		4,930		4
Total securities available-for-sale		$	133,341		1,947		(1,123)		134,165		47
Securities held-to-maturity:
State and municipal securities			6,476		296		—		6,772		—
Total securities held-to-maturity		$	6,476		296		—		6,772		—


		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		—

Schedule of investment gross unrealized loss in continuous unrealized loss position


		March 31, 2021
		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		$	948		(24)		8,373		(32)		9,321		(56)
U.S. government agency collateralized mortgage obligations			6,781		(137)		—		—		6,781		(137)
State and municipal securities			47,927		(871)		—		—		47,927		(871)
U.S. Treasuries			1,916		(22)						1,916		(22)
Corporate bonds			2,913		(37)		—		—		2,913		(37)
Total securities available-for-sale		$	60,485		(1,091)		8,373		(32)		68,858		(1,123)


		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)

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


		March 31, 2021									December 31, 2020
		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			—		—		3,165		3,255			—		—		3,181		3,288
Due after five years through ten years			14,077		13,963		3,311		3,517			12,035		12,095		3,329		3,569
Due after ten years			92,454		92,761		—		—			81,316		83,512		—		—
Subtotal			106,531		106,724		6,476		6,772			93,351		95,607		6,510		6,857
Mortgage-related securities			26,810		27,441		—		—			26,864		27,955		—		—
Total		$	133,341		134,165		6,476		6,772		$	120,215		123,562		6,510		6,857