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Investment Securities (Tables)

9 Months Ended

Sep. 30, 2020

Investments Debt And Equity Securities [Abstract]

Schedule of Investment Securities Available-for-Sale and Held-to-Maturity

Details of investment securities available-for-sale and held-to-maturity as of September 30, 2020 and December 31, 2019 were as follows:

		Available-for-Sale
		September 30, 2020
						Gross				Gross				Estimated
		Amortized				Unrealized				Unrealized				Fair
		Cost				Gains				Losses				Value
		(Dollars in Thousands)
Mortgage-backed securities:
Residential		$	29,036			$	978			$	(7	)		$	30,007
Commercial			46,251				888				(239	)			46,900
Obligations of states and political subdivisions			5,793				118				(2	)			5,909
Corporate notes			2,709				77				—				2,786
U.S. Treasury securities			80				—				—				80
Total		$	83,869			$	2,061			$	(248	)		$	85,682

		Held-to-Maturity
		September 30, 2020
						Gross				Gross				Estimated
		Amortized				Unrealized				Unrealized				Fair
		Cost				Gains				Losses				Value
		(Dollars in Thousands)
Mortgage-backed securities:
Commercial		$	5,510			$	88			$	(2	)		$	5,596
Obligations of U.S. government-sponsored agencies			1,189				39				—				1,228
Obligations of states and political subdivisions			1,024				26				—				1,050
Total		$	7,723			$	153			$	(2	)		$	7,874

		Available-for-Sale
		December 31, 2019
						Gross				Gross				Estimated
		Amortized				Unrealized				Unrealized				Fair
		Cost				Gains				Losses				Value
		(Dollars in Thousands)
Mortgage-backed securities:
Residential		$	46,182			$	372			$	(209	)		$	46,345
Commercial			43,686				73				(386	)			43,373
Obligations of states and political subdivisions			4,123				95				—				4,218
U.S. Treasury securities			80				—				—				80
Total		$	94,071			$	540			$	(595	)		$	94,016

		Held-to-Maturity
		December 31, 2019
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Estimated Fair Value
		(Dollars in Thousands)
Mortgage-backed securities:
Commercial		$	8,923			$	2			$	(46	)		$	8,879
Obligations of U.S. government-sponsored agencies			4,324				5				(10	)			4,319
Obligations of states and political subdivisions			1,093				15				—				1,108
Total		$	14,340			$	22			$	(56	)		$	14,306

Maturities of Investment Securities Available-for-Sale and Held-to-Maturity

The scheduled maturities of investment securities available-for-sale and held-to-maturity as of September 30, 2020 are presented in the following table:

		Available-for-Sale								Held-to-Maturity
		Amortized Cost				Estimated Fair Value				Amortized Cost				Estimated Fair Value
		(Dollars in Thousands)
Maturing within one year		$	3,420			$	3,438			$	5			$	5
Maturing after one to five years			4,607				4,775				765				781
Maturing after five to ten years			43,113				44,432				3,099				3,156
Maturing after ten years			32,729				33,037				3,854				3,932
Total		$	83,869			$	85,682			$	7,723			$	7,874

Schedule of Unrealized Loss on Investments

The following tables reflect gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, as of September 30, 2020 and December 31, 2019.

		Available-for-Sale
		September 30, 2020
		Less than 12 Months								12 Months or More
		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
		(Dollars in Thousands)
Mortgage-backed securities:
Residential		$	236			$	—			$	1,076			$	(7	)
Commercial			1,712				(2	)			3,321				(237	)
Obligations of states and political subdivisions			1,186				(2	)			—				—
Total		$	3,134			$	(4	)		$	4,397			$	(244	)

		Held-to-Maturity
		September 30, 2020
		Less than 12 Months								12 Months or More
		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
		(Dollars in Thousands)
Mortgage-backed securities:
Commercial		$	338			$	(2	)		$	—			$	—
Total		$	338			$	(2	)		$	—			$	—

		Available-for-Sale
		December 31, 2019
		Less than 12 Months								12 Months or More
		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
		(Dollars in Thousands)
Mortgage-backed securities:
Residential		$	17,340			$	(66	)		$	10,094			$	(143	)
Commercial			3,794				(25	)			29,754				(361	)
U.S. Treasury securities			80				—				—				—
Total		$	21,214			$	(91	)		$	39,848			$	(504	)

		Held-to-Maturity
		December 31, 2019
		Less than 12 Months								12 Months or More
		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
		(Dollars in Thousands)
Mortgage-backed securities:
Commercial		$	685			$	—			$	6,405			$	(46	)
Obligations of U.S. government-sponsored agencies			846				(4	)			2,994				(6	)
Total		$	1,531			$	(4	)		$	9,399			$	(52	)

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Tabular disclosure of investment securities available for sale and held to maturity.

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Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

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For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=121645371&loc=d3e27290-111563

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