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Securities | 12 Months Ended
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Dec. 31, 2021
Securities [Abstract] |
Securities | NOTE 3 – SECURITIES The following tables summarize the amortized cost and fair value of the available-for-sale securities portfolio at December 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 ValueDecember 31, 2021 Corporate debt$ 9,976 $ - $ 226 $ 9,750Issued by U.S. government-sponsored entities and agencies: U.S. Treasury 6,551 31 21 6,561Mortgage-backed securities - residential 35 1 - 36Total$ 16,562 $ 32 $ 247 $ 16,347 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair ValueDecember 31, 2020 Issued by U.S. government-sponsored entities and agencies: U.S. Treasury$ 8,517 $ 119 $ - $ 8,636Mortgage-backed securities - residential 62 3 - 65Total$ 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 December 31, 2021 or December 31, 2020.There were no sales of securities during the years ended December 31, 2021, December 31, 2020 and December 31, 2019.The amortized cost and fair value of debt securities at December 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. December 31, 2021 December 31, 2020 Amortized Cost Fair Value Amortized Cost Fair ValueDue in one year or less $ 3,504 $ 3,518 $ 5,011 $ 5,033Due from one to five years 3,047 3,043 3,506 3,603Due from five to ten years 9,976 9,750 - - Mortgage-backed securities - residential 35 36 62 65 Total $ 16,562 $ 16,347 $ 8,579 $ 8,701 Fair value of securities pledged was as follows: At December 31, 2021 2020 2019Pledged as collateral for: FHLB advances$ 1,016 $ 1,017 $ 3,074Public deposits 501 3,060 2,015Mortgage banking derivatives 1,504 3,016 1,500Interest-rate swaps - - 77Total$ 3,021 $ 7,093 $ 6,666 At year end 2021,2020 and 2019, there were no holdings of securities of any one issuer in an amount greater than 10% of stockholders’ equity.The following table summarizes securities with unrealized losses at December 31, 2021 aggregated by major security type and length of time in a continuous unrealized loss position. Less than 12 Months 12 Months or More TotalDescription of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Corporate debt $ 9,750 $ 226 $ - $ - $ 9,750 $ 226U.S. Treasury 3,024 21 - - 3,024 21Total temporarily impaired $ 12,774 $ 247 $ - $ - $ 12,774 $ 247 The unrealized losses at December 21, 2021 were related to one Corporate debt security and multiple U.S. Treasuries. 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 would unlikely be required to sell these securities before their anticipated recovery, the Company did not consider these securities to be other-than-temporarily impaired at December 31, 2021.There were no securities with unrealized losses at December 31, 2020.

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- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2176304 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph (b) + Details
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