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Investment Securities (Tables) | 9 Months Ended
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Sep. 30, 2021
Investments Debt And Equity Securities [Abstract] |
Schedule of Investment Securities Available-for-Sale | Investment securities available-for-sale at September 30, 2021 and December 31, 2020 are as follows: (in thousands)
|  | Amortized |  |  | Gross Unrealized |  |  | Gross Unrealized |  |  | Estimated |
September 30, 2021 |  | Cost |  |  | Gains |  |  | Losses |  |  | Fair Value |
U.S. Treasury securities |  | $ | 4,074 |  |  | $ | 13 |  |  | $ | (4 | ) |  | $ | 4,083 |
Municipal securities - tax exempt |  |  | 541 |  |  |  | — |  |  |  | (8 | ) |  |  | 533 |
Municipal securities - taxable |  |  | 797 |  |  |  | — |  |  |  | (8 | ) |  |  | 789 |
U. S. Government sponsored enterprises |  |  | 11,837 |  |  |  | 2 |  |  |  | (133 | ) |  |  | 11,706 |
Government agency mortgage-backed securities |  |  | 20,258 |  |  |  | 263 |  |  |  | (186 | ) |  |  | 20,335 |
Corporate securities |  |  | 6,717 |  |  |  | 16 |  |  |  | (108 | ) |  |  | 6,625 |
Total |  | $ | 44,224 |  |  | $ | 294 |  |  | $ | (447 | ) |  | $ | 44,071 |
December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
U. S. Government sponsored enterprises |  | $ | 11,870 |  |  | $ | 1 |  |  | $ | (12 | ) |  | $ | 11,859 |
Government agency mortgage-backed securities |  |  | 9,206 |  |  |  | 326 |  |  |  | — |  |  |  | 9,532 |
Corporate securities |  |  | 2,715 |  |  |  | — |  |  |  | (101 | ) |  |  | 2,614 |
Total |  | $ | 23,791 |  |  | $ | 327 |  |  | $ | (113 | ) |  | $ | 24,005 |
Schedule of Amortized Cost and Estimated Fair Value of Investment Securities Available-for-Sale by Contractual Maturity | The amortized cost and estimated fair value of investment securities available-for-sale at September 30, 2021, by contractual maturity, are shown below. Maturities of mortgage-backed securities will differ from contractual maturities because borrowers may have the right to call or prepay certain obligations with or without call or prepayment penalties. Therefore, these securities are not included in the maturity categories. (in thousands)
|  | Amortized |  |  | Estimated |
|  | Cost |  |  | Fair Value |
U.S. Treasury securities |  |  |  |  |  |
Within 1 year |  | $ | — |  |  | $ | — |
Greater than 1 to 5 years |  |  | — |  |  |  | — |
Greater than 5 to 10 years |  |  | 4,074 |  |  |  | 4,083 |
Greater than 10 years |  |  | — |  |  |  | — |
Municipal securities - tax exempt |  |  |  |  |  |
Within 1 year |  |  | — |  |  |  | — |
Greater than 1 to 5 years |  |  | — |  |  |  | — |
Greater than 5 to 10 years |  |  | — |  |  |  | — |
Greater than 10 years |  |  | 541 |  |  |  | 533 |
Municipal securities - taxable |  |  |  |  |  |
Within 1 year |  |  | — |  |  |  | — |
Greater than 1 to 5 years |  |  | — |  |  |  | — |
Greater than 5 to 10 years |  |  | — |  |  |  | — |
Greater than 10 years |  |  | 797 |  |  |  | 789 |
Government agency securities |  |  |  |  |  |
Within 1 year |  |  | — |  |  |  | — |
Greater than 1 to 5 years |  |  | — |  |  |  | — |
Greater than 5 to 10 years |  |  | — |  |  |  | — |
Greater than 10 years |  |  | 11,837 |  |  |  | 11,706 |
Corporate securities |  |  |  |  |  |
Within 1 year |  |  | — |  |  |  | — |
Greater than 1 to 5 years |  |  | — |  |  |  | — |
Greater than 5 to 10 years |  |  | 6,217 |  |  |  | 6,200 |
Greater than 10 years |  |  | 500 |  |  |  | 425 |
|  |  | 23,966 |  |  |  | 23,736 |
Government agency mortgage-backed securities |  |  | 20,258 |  |  |  | 20,335 |
Total |  | $ | 44,224 |  |  | $ | 44,071 |

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- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 + Details
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- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
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