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SECURITIES (Tables)
3 Months Ended
Mar. 31, 2021
SECURITIES [Abstract]  
Amortized Cost and Fair Value of Securities Available-for-sale
The following table summarizes the amortized cost and fair value of securities available for sale and securities held to maturity at March 31, 2021 and December 31, 2020 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive (loss) and gross unrecognized gains and losses:

Securities Available for Sale
 
Amortized
Cost
   
Gross Unrealized
Gains
   
Gross Unrealized
Losses
   
Estimated
Fair Value
 
March 31, 2021
                       
U.S. Government securities
 
$
5,173
   
$
   
$
(7
)
 
$
5,166
 
U.S. Government sponsored entity securities
   
22,808
     
241
     
(227
)
   
22,822
 
Agency mortgage-backed securities, residential
   
96,734
     
2,150
     
(478
)
   
98,406
 
Total securities
 
$
124,715
   
$
2,391
   
$
(712
)
 
$
126,394
 
                                 
December 31, 2020
                               
U.S. Government sponsored entity securities
 
$
17,814
   
$
339
   
$
   
$
18,153
 
Agency mortgage-backed securities, residential
   
91,425
     
2,748
     
(4
)
   
94,169
 
Total securities
 
$
109,239
   
$
3,087
   
$
(4
)
 
$
112,322
 
Amortized Cost and Fair Value of Securities Held-to-maturity
Securities Held to Maturity
 
Amortized
Cost
   
Gross Unrecognized
Gains
   
Gross Unrecognized
Losses
   
Estimated
Fair Value
 
March 31, 2021
                       
Obligations of states and political subdivisions
 
$
11,135
   
$
275
   
$
(36
)
 
$
11,374
 
Agency mortgage-backed securities, residential
   
2
     
     
     
2
 
Total securities
 
$
11,137
   
$
275
   
$
(36
)
 
$
11,376
 
                                 
December 31, 2020
                               
Obligations of states and political subdivisions
 
$
10,018
   
$
324
   
$
   
$
10,342
 
Agency mortgage-backed securities, residential
   
2
     
     
     
2
 
Total securities
 
$
10,020
   
$
324
   
$
-
   
$
10,344
 
Amortized Cost and Fair Value of Securities by Contractual Maturity
The amortized cost and estimated fair value of debt securities at March 31, 2021, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because certain issuers may have the right to call or prepay the debt obligations prior to their contractual maturities.  Securities not due at a single maturity are shown separately.

 
Available for Sale
   
Held to Maturity
 
Debt Securities:
 
Amortized Cost
   
Estimated Fair Value
   
Amortized Cost
   
Estimated Fair Value
 
                         
Due in one year or less
 
$
-
   
$
-
   
$
2,422
   
$
2,467
 
Due in over one to five years
   
10,308
     
10,507
     
3,492
     
3,609
 
Due in over five to ten years
   
17,673
     
17,481
     
4,894
     
4,981
 
Due after ten years
   
     
     
327
     
317
 
Agency mortgage-backed securities, residential
   
96,734
     
98,406
     
2
     
2
 
Total debt securities
 
$
124,715
   
$
126,394
   
$
11,137
   
$
11,376
 
Securities with Unrealized Losses in Continuous Unrealized Loss Position
The following table summarizes securities with unrealized losses at March 31, 2021 and December 31, 2020, aggregated by major security type and length of time in a continuous unrealized loss position:

March 31, 2021
 
Less Than 12 Months
   
12 Months or More
   
Total
 
   
Fair Value
   
Unrealized Loss
   
Fair Value
   
Unrealized Loss
   
Fair Value
   
Unrealized Loss
 
Securities Available for Sale
                                   
U.S. Government securities
 
$
5,166
   
$
(7
)
 
$
   
$
   
$
5,166
   
$
(7
)
U.S. Government sponsored entity
   securities
   
14,771
     
(227
)
   
     
     
14,771
     
(227
)
Agency mortgage-backed
                                               
   securities, residential
   
33,641
     
(478
)
   
     
     
33,641
     
(478
)
Total available for sale
 
$
53,578
   
$
(712
)
 
$
   
$
   
$
53,578
   
$
(712
)

December 31, 2020
 
Less Than 12 Months
   
12 Months or More
   
Total
 
   
Fair Value
   
Unrealized Loss
   
Fair Value
   
Unrealized Loss
   
Fair Value
   
Unrealized Loss
 
Securities Available for Sale
                                   
Agency mortgage-backedsecurities, residential
 
$
14,517
   
$
(4
)
 
$
   
$
   
$
14,517
   
$
(4
)
Total available for sale
 
$
14,517
   
$
(4
)
 
$
   
$
   
$
14,517
   
$
(4
)

March 31, 2021
 
Less Than 12 Months
   
12 Months or More
   
Total
 
   
Fair Value
   
Unrecognized Loss
   
Fair Value
   
Unrecognized Loss
   
Fair Value
   
Unrecognized Loss
 
Securities Held to Maturity
                                   
Obligations of states and political subdivisions
 
$
2,023
   
$
(36
)
 
$
   
$
   
$
2,023
   
$
(36
)
Total held to maturity
 
$
2,023
   
$
(36
)
 
$
   
$
   
$
2,023
   
$
(36
)