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Securities | 3 Months Ended
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Mar. 31, 2021
Securities [Abstract] |
Securities | NOTE 3 – SECURITIES The following table summarizes the amortized cost and fair value of the available-for-sale securities portfolio at March 31, 2021 and December 31, 2020 and the corresponding amounts of unrealized gains and losses recognized in accumulated other comprehensive income (loss):
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
﻿March 31, 2021 (unaudited) |  |  |  |  |  |  |  |  |  |  |  |
﻿Issued by U.S. government-sponsored entities and agencies: |  |  |  |  |  |  |  |  |  |  |  |
﻿U.S. Treasury |  | $ | 9,598 |  | $ | 92 |  | $ | 10 |  | $ | 9,680
﻿Mortgage-backed securities - residential |  |  | 55 |  |  | 3 |  |  | - |  |  | 58
﻿Total |  | $ | 9,653 |  | $ | 95 |  | $ | 10 |  | $ | 9,738
﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
﻿December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
﻿Issued by U.S. government-sponsored entities and agencies: |  |  |  |  |  |  |  |  |  |  |  |
﻿U.S. Treasury |  | $ | 8,517 |  | $ | 119 |  | $ | - |  | $ | 8,636
﻿Mortgage-backed securities - residential |  |  | 62 |  |  | 3 |  |  | - |  |  | 65
﻿Total |  | $ | 8,579 |  | $ | 122 |  | $ | - |  | $ | 8,701
﻿ There was no other-than-temporary impairment recognized in accumulated other comprehensive income (loss) for securities available for sale at March 31, 2021 or March 31, 2020. There were no sales of securities during the three months ended March 31, 2021 and 2020. The amortized cost and fair value of debt securities at March 31, 2021 and December 31, 2020 are shown in the table below by contractual maturity. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | March 31, 2021 |  |  | December 31, 2020
﻿ |  | (unaudited) |  |  |  |  |  |
﻿ |  | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
﻿Due in one year or less |  | $ | 5,035 |  | $ | 5,056 |  | $ | 5,011 |  | $ | 5,033
﻿Due from one to five years |  |  | 4,563 |  |  | 4,624 |  |  | 3,506 |  |  | 3,603
﻿Mortgage-backed securities - residential |  |  | 55 |  |  | 58 |  |  | 62 |  |  | 65
﻿ Total |  | $ | 9,653 |  | $ | 9,738 |  | $ | 8,579 |  | $ | 8,701
﻿ Fair value of securities pledged as collateral was as follows:
﻿ |  |  |  |  |
﻿ | March 31, 2021 |  | December 31, 2020
﻿ | (unaudited) |  |  |
﻿Pledged as collateral for: |  |  |  |  |
﻿FHLB advances | $ | 1,013 |  | $ | 1,017
﻿Public deposits |  | 3,068 |  |  | 3,060
﻿Mortgage banking derivatives |  | 3,039 |  |  | 3,016
﻿Total | $ | 7,120 |  | $ | 7,093
﻿ At March 31, 2021 and December 31, 2020, there were no holdings of securities of any one issuer, other than U.S. government-sponsored entities and agencies, in an amount greater than 10% of stockholders’ equity. The following table summarizes securities with unrealized losses at March 31, 2021, aggregated by major security type and length of time in a continuous unrealized loss position. ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿March 31, 2021 (unaudited) |  | Less than 12 Months |  | 12 Months or More |  | Total
﻿Description of Securities |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss
﻿Issued by U.S. government-sponsored entities and agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿U.S. Treasury |  | $ | 3,077 |  |  | 10 |  | $ | - |  | $ | - |  | $ | 3,077 |  | $ | 10
﻿Total temporarily impaired |  | $ | 3,077 |  | $ | 10 |  | $ | - |  | $ | - |  | $ | 3,077 |  | $ | 10
﻿ The unrealized losses in U.S. Treasuries at March 31, 2021 were related to multiple securities. Because the decline in fair value was attributable to changes in market conditions, and not credit quality, and because the Company did not have the intent to sell these securities and it was likely that it would not be required to sell these securities before their anticipated recovery, the Company did not consider these securities to be other-than-temporarily impaired at March 31, 2021. There were no unrealized losses at December 31, 2020. ﻿

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