Securities	12 Months Ended
Dec. 31, 2021
Securities [Abstract]
Securities	Note 4 - Securities A summary of the amortized cost and fair value of securities, with gross unrealized gains and losses, follows: December 31, 2021 Amortized Gross Unrealized Fair Cost Gains Losses ValueHeld-to-maturity U.S. agency obligations$ 3,655 $ 351 $ — $ 4,006 Available-for-sale U.S. Treasuries$ 2,000 $ 2 $ — $ 2,002U.S. agency obligations 59,144 575 (1,249) 58,470Mortgage-backed securities 38,017 75 (654) 37,438Municipals 50,806 368 (970) 50,204Corporates 13,053 169 (69) 13,153 $ 163,020 $ 1,189 $ (2,942) $ 161,267 December 31, 2020 Amortized Gross Unrealized Fair Cost Gains Losses ValueHeld-to-maturity U.S. agency obligations$ 3,671 521 — 4,192 Available-for-sale U.S. Treasuries$ 2,000 $ 27 $ — $ 2,027U.S. agency obligations 40,111 1,544 (335) 41,320Mortgage-backed securities 15,461 241 (6) 15,696Municipals 24,275 594 (96) 24,773Corporates 6,070 299 — 6,369 $ 87,917 $ 2,705 $ (437) $ 90,185 Temporarily Impaired Securities The following tables show the gross unrealized losses and fair value of the Bank’s investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at December 31, 2021 and 2020: ‎ Note 4 –Securities (continued) December 31, 2021Less than 12 months More than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value LossesHeld-to-maturity U.S. agency obligations$ — $ — $ — $ — $ — $ — Available-for-sale U.S. Treasuries — — — — — —U.S. agency obligations 21,893 379 15,233 870 37,126 1,249Mortgage-backed securities 28,019 402 6,382 252 34,401 654Municipals 28,028 635 7,952 335 35,980 970Corporates 1,931 69 — — 1,931 69 Total temporarily impaired securities$ 79,871 $ 1,485 $ 29,567 $ 1,457 $ 109,438 $ 2,942 December 31, 2020Less than 12 months More than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value LossesHeld-to-maturity U.S. agency obligations$ — $ — $ — $ — $ — $ — Available-for-sale U.S. Treasuries — — — — — —U.S. agency obligations 15,808 335 — — 15,808 335Mortgage-backed securities 8,201 6 — — 8,201 6Municipals 8,202 96 — — 8,202 96Corporates — — — — — — Total temporarily impaired securities$ 32,211 $ 437 $ — $ — $ 32,211 $ 437 U.S. agency obligations. The unrealized losses on the 15 investments in U.S. agency obligations at December 31, 2021 were caused by an increase in interest rates. The contractual terms of those investments do not permit the issuer to settle the securities at a price less than the amortized cost bases of the investments. Because the Bank does not intend to sell the investments and it is not more likely than not that the Bank will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Bank does not consider those investments to be other-than-temporarily impaired at December 31, 2021. Each of these 15 investments carries an S&P investment grade rating of AA or better. Mortgage-backed securities. The unrealized losses on the 11 investments in U.S. government agency mortgage-backed securities at December 31, 2021 were caused by an increase in interest rates. The contractual terms of those investments does not permit the issuer to settle the securities at a price less than the amortized cost basis of the investments. Because the Bank does not intend to sell the investments and it is not more likely Note 4 –Securities (continued) than not that the Bank will be required to sell the investments before recovery of the amortized cost basis, which may be maturity, the Bank does not consider those investments to be other-than-temporarily impaired at December 31, 2021. Each of these 11 investments carries an S&P investment grade rating of AAA. Municipals. The unrealized losses on the 34 investments in municipal obligations at December 31, 2021 were caused by an increase in interest rates. The contractual terms of those investments do not permit the issuer to settle the securities at a price less than the amortized cost bases of the investments. Because the Bank does not intend to sell the investments and it is not more likely than not that the Bank will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Bank does not consider those investments to be other-than-temporarily impaired at December 31, 2021. Each of these 34 investments carries an S&P investment grade rating of AA or above. Corporates. The unrealized losses on three investments in domestic corporate issued securities at December 31, 2021 were caused by an increase in interest rates. The contractual terms of those investments do not permit the issuers to settle the securities at a price less than the amortized cost basis of the investments. Because the Bank does not intend to sell the investments and it is not more likely than not that the Bank will be required to sell the investments before recovery of the amortized cost basis, which may be maturity, the Bank does not consider these investments to be other-than-temporarily impaired at December 31, 2021. Each of these three investments carries an S&P investment grade rating of A or above. The amortized costs and fair values of securities at December 31, 2021, by contractual maturity, are shown below. 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. Held-to-Maturity Available-for-Sale Amortized Fair Amortized Fair Cost Values Cost ValuesDue in one year or less$ — $ — $ 2,724 $ 2,736Due after one year through five years — — 12,859 13,033Due after five years through ten years 2,427 2,635 71,225 70,710Due after ten years 1,228 1,371 76,212 74,788 $ 3,655 $ 4,006 $ 163,020 $ 161,267 The Bank received $0 and $13,313 in proceeds from sales of securities available-for-sale in 2021 and 2020, respectively. Gross realized gains amounted to $0 and $644 in 2021 and 2020, respectively. Gross realized losses amounted to $0 in both years. At December 31, 2021 and 2020, securities with a carrying value of $32,159 and $31,202, respectively, were pledged as collateral for public deposits and for other purposes as required or permitted by law.

Securities

12 Months Ended

Dec. 31, 2021

Note 4 - Securities A summary of the amortized cost and fair value of securities, with gross unrealized gains and losses, follows: December 31, 2021 Amortized Gross Unrealized Fair Cost Gains Losses ValueHeld-to-maturity U.S. agency obligations$ 3,655 $ 351 $ — $ 4,006 Available-for-sale U.S. Treasuries$ 2,000 $ 2 $ — $ 2,002U.S. agency obligations 59,144 575 (1,249) 58,470Mortgage-backed securities 38,017 75 (654) 37,438Municipals 50,806 368 (970) 50,204Corporates 13,053 169 (69) 13,153 $ 163,020 $ 1,189 $ (2,942) $ 161,267 December 31, 2020 Amortized Gross Unrealized Fair Cost Gains Losses ValueHeld-to-maturity U.S. agency obligations$ 3,671 521 — 4,192 Available-for-sale U.S. Treasuries$ 2,000 $ 27 $ — $ 2,027U.S. agency obligations 40,111 1,544 (335) 41,320Mortgage-backed securities 15,461 241 (6) 15,696Municipals 24,275 594 (96) 24,773Corporates 6,070 299 — 6,369 $ 87,917 $ 2,705 $ (437) $ 90,185 Temporarily Impaired Securities The following tables show the gross unrealized losses and fair value of the Bank’s investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at December 31, 2021 and 2020: ‎ Note 4 –Securities (continued) December 31, 2021Less than 12 months More than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value LossesHeld-to-maturity U.S. agency obligations$ — $ — $ — $ — $ — $ — Available-for-sale U.S. Treasuries — — — — — —U.S. agency obligations 21,893 379 15,233 870 37,126 1,249Mortgage-backed securities 28,019 402 6,382 252 34,401 654Municipals 28,028 635 7,952 335 35,980 970Corporates 1,931 69 — — 1,931 69 Total temporarily impaired securities$ 79,871 $ 1,485 $ 29,567 $ 1,457 $ 109,438 $ 2,942 December 31, 2020Less than 12 months More than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value LossesHeld-to-maturity U.S. agency obligations$ — $ — $ — $ — $ — $ — Available-for-sale U.S. Treasuries — — — — — —U.S. agency obligations 15,808 335 — — 15,808 335Mortgage-backed securities 8,201 6 — — 8,201 6Municipals 8,202 96 — — 8,202 96Corporates — — — — — — Total temporarily impaired securities$ 32,211 $ 437 $ — $ — $ 32,211 $ 437 U.S. agency obligations. The unrealized losses on the 15 investments in U.S. agency obligations at December 31, 2021 were caused by an increase in interest rates. The contractual terms of those investments do not permit the issuer to settle the securities at a price less than the amortized cost bases of the investments. Because the Bank does not intend to sell the investments and it is not more likely than not that the Bank will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Bank does not consider those investments to be other-than-temporarily impaired at December 31, 2021. Each of these 15 investments carries an S&P investment grade rating of AA or better. Mortgage-backed securities. The unrealized losses on the 11 investments in U.S. government agency mortgage-backed securities at December 31, 2021 were caused by an increase in interest rates. The contractual terms of those investments does not permit the issuer to settle the securities at a price less than the amortized cost basis of the investments. Because the Bank does not intend to sell the investments and it is not more likely Note 4 –Securities (continued) than not that the Bank will be required to sell the investments before recovery of the amortized cost basis, which may be maturity, the Bank does not consider those investments to be other-than-temporarily impaired at December 31, 2021. Each of these 11 investments carries an S&P investment grade rating of AAA. Municipals. The unrealized losses on the 34 investments in municipal obligations at December 31, 2021 were caused by an increase in interest rates. The contractual terms of those investments do not permit the issuer to settle the securities at a price less than the amortized cost bases of the investments. Because the Bank does not intend to sell the investments and it is not more likely than not that the Bank will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Bank does not consider those investments to be other-than-temporarily impaired at December 31, 2021. Each of these 34 investments carries an S&P investment grade rating of AA or above. Corporates. The unrealized losses on three investments in domestic corporate issued securities at December 31, 2021 were caused by an increase in interest rates. The contractual terms of those investments do not permit the issuers to settle the securities at a price less than the amortized cost basis of the investments. Because the Bank does not intend to sell the investments and it is not more likely than not that the Bank will be required to sell the investments before recovery of the amortized cost basis, which may be maturity, the Bank does not consider these investments to be other-than-temporarily impaired at December 31, 2021. Each of these three investments carries an S&P investment grade rating of A or above. The amortized costs and fair values of securities at December 31, 2021, by contractual maturity, are shown below. 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. Held-to-Maturity Available-for-Sale Amortized Fair Amortized Fair Cost Values Cost ValuesDue in one year or less$ — $ — $ 2,724 $ 2,736Due after one year through five years — — 12,859 13,033Due after five years through ten years 2,427 2,635 71,225 70,710Due after ten years 1,228 1,371 76,212 74,788 $ 3,655 $ 4,006 $ 163,020 $ 161,267 The Bank received $0 and $13,313 in proceeds from sales of securities available-for-sale in 2021 and 2020, respectively. Gross realized gains amounted to $0 and $644 in 2021 and 2020, respectively. Gross realized losses amounted to $0 in both years. At December 31, 2021 and 2020, securities with a carrying value of $32,159 and $31,202, respectively, were pledged as collateral for public deposits and for other purposes as required or permitted by law.