Securities (Tables)

12 Months Ended

Dec. 31, 2019

Investments, Debt and Equity Securities [Abstract]

Unrealized gains and losses recognized in accumulated other comprehensive income (loss)

The fair value of securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income is as follows:



Available-for-Sale Securities	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
December 31, 2019
Certificates of deposit	$	48,666	$	—	$	—		$	48,666
Municipal securities	505		8		—			513
Mortgage-backed securities - residential	7,727		310		—			8,037
Collateralized mortgage obligations - residential	2,986		4		(13		)	2,977
	$	59,884	$	322	$	(13	)	$	60,193
December 31, 2018
Certificates of deposit	$	73,507	$	—	$	—		$	73,507
Municipal securities	509		—		—			509
Mortgage-backed securities - residential	10,116		400		(38		)	10,478
Collateralized mortgage obligations - residential	3,676		11		(2		)	3,685
	$	87,808	$	411	$	(40	)	$	88,179

Investments Classified by Contractual Maturity Date

The amortized cost and fair values of securities available-for-sale at December 31, 2019 by contractual maturity are shown below. Securities not due at a single maturity date are shown separately. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.



	December 31, 2019
	Amortized Cost		Fair Value
Due in one year or less	$	48,767	$	48,768
Due after one year through five years	404		411
	49,171		49,179
Mortgage-backed securities - residential	7,727		8,037
Collateralized mortgage obligations - residential	2,986		2,977
	$	59,884	$	60,193

Amortized cost and fair values of securities

Sales of equity securities were as follows:



	For the years ended December 31,
	2019		2018
Proceeds	$	3,722	$	4,059
Gross gains	295		3,572
Gross losses	—		(14		)

Securities with unrealized losses

Securities available-for-sale with unrealized losses at December 31, 2019 and 2018 not recognized in income are as follows:



	Less than 12 Months						12 Months or More						Total
	Count	Fair Value		Unrealized Loss			Count	Fair Value		Unrealized Loss			Count	Fair Value		Unrealized Loss
December 31, 2019
Collateralized mortgage obligations - residential	3	$	1,566	$	(10	)	1	$	937	$	(3	)	4	$	2,503	$	(13	)

December 31, 2018
Mortgage-backed securities - residential	—	—		—			2	904		(38		)	2	904		(38		)
Collateralized mortgage obligations - residential	—	—		—			2	1,729		(2		)	2	1,729		(2		)
	—	$	—	$	—		4	$	2,633	$	(40	)	4	$	2,633	$	(40	)