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Securities (Tables) | 12 Months Ended
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Dec. 31, 2022
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 December 31, 2022 and 2021, and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) and gross unrecognized gains and losses:
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Estimated Fair Value |
Securities Available for Sale |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government securities |  | $ | 57,698 |  |  | $ | — |  |  | $ | (2,906 | ) |  | $ | 54,792 |
U.S. Government sponsored entity securities |  |  | 8,845 |  |  |  | — |  |  |  | (862 | ) |  |  | 7,983 |
Agency mortgage-backed securities, residential |  |  | 136,282 |  |  |  | — |  |  |  | (14,983 | ) |  |  | 121,299 |
Total securities |  | $ | 202,825 |  |  | $ | — |  |  | $ | (18,751 | ) |  | $ | 184,074 |
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government securities |  | $ | 20,182 |  |  | $ | — |  |  | $ | (39 | ) |  | $ | 20,143 |
U.S. Government sponsored entity securities |  |  | 25,980 |  |  |  | 109 |  |  |  | (173 | ) |  |  | 25,916 |
Agency mortgage-backed securities, residential |  |  | 129,942 |  |  |  | 1,476 |  |  |  | (477 | ) |  |  | 130,941 |
Total securities |  | $ | 176,104 |  |  | $ | 1,585 |  |  | $ | (689 | ) |  | $ | 177,000 |
Amortized Cost and Fair Value of Securities Held-to-maturity |
|  | Amortized Cost |  |  | Gross Unrecognized Gains |  |  | Gross Unrecognized Losses |  |  | Estimated Fair Value |
Securities Held to Maturity |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Obligations of states and political subdivisions |  | $ | 9,225 |  |  | $ | 32 |  |  | $ | (798 | ) |  | $ | 8,459 |
Agency mortgage-backed securities, residential |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 1 |
Total securities |  | $ | 9,226 |  |  | $ | 32 |  |  | $ | (798 | ) |  | $ | 8,460 |
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of states and political subdivisions |  | $ | 10,292 |  |  | $ | 200 |  |  | $ | (44 | ) |  | $ | 10,448 |
Agency mortgage-backed securities, residential |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | 2 |
Total securities |  | $ | 10,294 |  |  | $ | 200 |  |  | $ | (44 | ) |  | $ | 10,450 |
Amortized Cost and Fair Value of Securities by Contractual Maturity | 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 |  | $ | 7,019 |  |  | $ | 6,921 |  |  | $ | 789 |  |  | $ | 787 |
Due in one to five years |  |  | 54,524 |  |  |  | 51,540 |  |  |  | 3,903 |  |  |  | 3,735 |
Due in five to ten years |  |  | 5,000 |  |  |  | 4,314 |  |  |  | 2,263 |  |  |  | 1,976 |
Due after ten years |  |  | — |  |  |  | — |  |  |  | 2,270 |  |  |  | 1,961 |
Agency mortgage-backed securities, residential |  |  | 136,282 |  |  |  | 121,299 |  |  |  | 1 |  |  |  | 1 |
Total debt securities |  | $ | 202,825 |  |  | $ | 184,074 |  |  | $ | 9,226 |  |  | $ | 8,460 |
Securities with Unrealized Losses in Continuous Unrealized Loss Position | The following table summarizes securities with unrealized losses at December 31, 2022 and December 31, 2021, aggregated by major security type and length of time in a continuous unrealized loss position:
December 31, 2022 |  | Less than 12 Months |  |  | 12 Months or More |  |  | Total |
Securities Available for Sale |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |
U.S. Government securities |  | $ | 36,460 |  |  | $ | (977 | ) |  | $ | 18,332 |  |  | $ | (1,929 | ) |  | $ | 54,792 |  |  | $ | (2,906 | )
U.S. Government sponsored entity securities |  |  | 2,786 |  |  |  | (60 | ) |  |  | 5,197 |  |  |  | (802 | ) |  |  | 7,983 |  |  |  | (862 | )
Agency mortgage-backed securities, residential |  |  | 71,510 |  |  |  | (7,178 | ) |  |  | 49,789 |  |  |  | (7,805 | ) |  |  | 121,299 |  |  |  | (14,983 | )
Total available for sale |  | $ | 110,756 |  |  | $ | (8,215 | ) |  | $ | 73,318 |  |  | $ | (10,536 | ) |  | $ | 184,074 |  |  | $ | (18,751 | )
|  | Less than 12 Months |  |  | 12 Months or More |  |  | Total |
Securities Held to Maturity |  | Fair Value |  |  | Unrecognized Loss |  |  | Fair Value |  |  | Unrecognized Loss |  |  | Fair Value |  |  | Unrecognized Loss |
Obligations of states and political subdivisions |  | $ | 4,084 |  |  | $ | (366 | ) |  | $ | 2,218 |  |  | $ | (432 | ) |  | $ | 6,302 |  |  | $ | (798 | )
Total held to maturity |  | $ | 4,084 |  |  | $ | (366 | ) |  | $ | 2,218 |  |  | $ | (432 | ) |  | $ | 6,302 |  |  | $ | (798 | )
December 31, 2021 |  | Less than 12 Months |  |  | 12 Months or More |  |  | Total |
Securities Available for Sale |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |
U.S. Government securities |  | $ | 20,143 |  |  | $ | (39 | ) |  | $ | — |  |  | $ | — |  |  | $ | 20,143 |  |  | $ | (39 | )
U.S. Government sponsored entity securities |  |  | 18,307 |  |  |  | (173 | ) |  |  | — |  |  |  | — |  |  |  | 18,307 |  |  |  | (173 | )
Agency mortgage-backed securities, residential |  |  | 64,560 |  |  |  | (477 | ) |  |  | — |  |  |  | — |  |  |  | 64,560 |  |  |  | (477 | )
Total available for sale |  | $ | 103,010 |  |  | $ | (689 | ) |  | $ | — |  |  | $ | — |  |  | $ | 103,010 |  |  | $ | (689 | )
|  | Less than 12 Months |  |  | 12 Months or More |  |  | Total |
Securities Held to Maturity |  | Fair Value |  |  | Unrecognized Loss |  |  | Fair Value |  |  | Unrecognized Loss |  |  | Fair Value |  |  | Unrecognized Loss |
Obligations of states and political subdivisions |  | $ | 2,617 |  |  | $ | (38 | ) |  | $ | 130 |  |  | $ | (6 | ) |  | $ | 2,747 |  |  | $ | (44 | )
Total held to maturity |  | $ | 2,617 |  |  | $ | (38 | ) |  | $ | 130 |  |  | $ | (6 | ) |  | $ | 2,747 |  |  | $ | (44 | )

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