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Investment Securities (Tables)

12 Months Ended

Dec. 31, 2022

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 December 31, 2022 and 2021 were as follows:


		Available-for-Sale
		December 31, 2022
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Estimated Fair Value
		(Dollars in Thousands)
Mortgage-backed securities:
Residential		$	47,659			$	2			$	(3,704	)		$	43,957
Commercial			12,169				4				(480	)			11,693
Obligations of U.S. government-sponsored agencies			5,116				—				(846	)			4,270
Obligations of states and political subdivisions			2,166				—				(94	)			2,072
Corporate notes			17,817				2				(1,898	)			15,921
U.S. Treasury securities			56,956				—				(4,074	)			52,882
Total		$	141,883			$	8			$	(11,096	)		$	130,795


		Held-to-Maturity
		December 31, 2022
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Estimated Fair Value
		(Dollars in Thousands)
Mortgage-backed securities:
Commercial		$	1,167			$	—			$	(41	)		$	1,126
Obligations of U.S. government-sponsored agencies			610				—				(40	)			570
Obligations of states and political subdivisions			85				—				(12	)			73
Total		$	1,862			$	—			$	(93	)		$	1,769


		Available-for-Sale
		December 31, 2021
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Estimated Fair Value
		(Dollars in Thousands)
Mortgage-backed securities:
Residential		$	46,020			$	450			$	(242	)		$	46,228
Commercial			24,647				371				(47	)			24,971
Obligations of U.S. government-sponsored agencies			5,207				—				(15	)			5,192
Obligations of states and political subdivisions			4,247				80				(10	)			4,317
Corporate notes			15,458				76				(52	)			15,482
U.S. Treasury securities			35,097				—				(404	)			34,693
Total		$	130,676			$	977			$	(770	)		$	130,883


		Held-to-Maturity
		December 31, 2021
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Estimated Fair Value
		(Dollars in Thousands)
Mortgage-backed securities:
Commercial		$	2,115			$	29			$	—			$	2,144
Obligations of U.S. government-sponsored agencies			768				10				—				778
Obligations of states and political subdivisions			553				2				—				555
Total		$	3,436			$	41			$	—			$	3,477

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 December 31, 2022 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		$	511			$	511			$	—			$	—
Maturing after one to five years			61,068				57,159				—				—
Maturing after five to ten years			67,309				60,872				1,606				1,536
Maturing after ten years			12,995				12,253				256				233
Total		$	141,883			$	130,795			$	1,862			$	1,769

Schedule of Unrealized Loss on Investments

The following table reflects 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 December 31, 2022 and 2021.


		Available-for-Sale
		December 31, 2022
		Less than 12 Months								12 Months or More
		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
		(Dollars in Thousands)
Mortgage-backed securities:
Residential		$	19,876			$	(952	)		$	23,903			$	(2,752	)
Commercial			9,720				(357	)			1,247				(123	)
Obligations of U.S. government-sponsored agencies			—				—				4,270				(846	)
Obligations of states and political subdivisions			1,559				(41	)			512				(53	)
Corporate notes			6,845				(898	)			8,075				(1,000	)
U.S. Treasury securities			21,240				(698	)			31,642				(3,376	)
Total		$	59,240			$	(2,946	)		$	69,649			$	(8,150	)


		Held-to-Maturity
		December 31, 2022
		Less than 12 Months								12 Months or More
		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
		(Dollars in Thousands)
Mortgage-backed securities:
Commercial		$	1,125			$	(41	)		$	—			$	—
Obligations of U.S. government-sponsored agencies			215				(7	)			356				(33	)
Obligations of states and political subdivisions			73				(12	)			—				—
Total		$	1,413			$	(60	)		$	356			$	(33	)


		Available-for-Sale
		December 31, 2021
		Less than 12 Months								12 Months or More
		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
		(Dollars in Thousands)
Mortgage-backed securities:
Residential		$	31,346			$	(240	)		$	253			$	(2	)
Commercial			2,245				(12	)			2,970				(35	)
Obligations of U.S. government-sponsored agencies			4,987				(13	)			194				(2	)
Obligations of states and political subdivisions			561				(10	)			—				—
Corporate notes			9,092				(52	)			—				—
U.S. Treasury securities			34,692				(404	)			—				—
Total		$	82,923			$	(731	)		$	3,417			$	(39	)