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Securities (Tables)
 9 Months Ended
Sep. 30, 2021
Securities [Abstract]  
Available-for-Sale Investment Securities Portfolios

The following table summarizes the amortized cost and fair value of the available-for-sale investment securities portfolios as of the periods indicated and the corresponding amounts of unrealized gains and losses that were recognized in accumulated other comprehensive income (loss):
 
Amortized Cost
    
Gross Unrealized Gains
    
Gross Unrealized Losses
    
Fair Value
  
 
(In thousands)
  
September 30, 2021:
    
Federal agency mortgage-backed securities
  
$
81,943
    
$
506
    
$
(84
)
  
$
82,365
  
Federal agency CMO
     5,509       -       (31 )     5,478  
Federal agency debt
    
35,724
      
348
      
(11
)
    
36,061
  
Municipal bonds
    
4,906
      
33
      
(6
)
    
4,933
  
U. S. Treasuries
    
18,180
      
-
      
(13
)
    
18,167
  
SBA pools
    
10,676
      
40
      
(92
)
    
10,624
  
       Total available-for-sale securities
  
$
156,938
    
$
927
    
$
(237
)
  
$
157,628
  
December 31, 2020:
    
Federal agency mortgage-backed securities
  
$
5,550
    
$
257
    
$
-
    
$
5,807
  
Federal agency debt
    
2,682
      
190
      
-
      
2,872
  
Municipal bonds
    
2,000
      
19
      
-
      
2,019
  
       Total available-for-sale securities
  
$
10,232
    
$
466
    
$
-
    
$
10,698
  
Amortized Cost and Fair Value of Investment Securities by Contractual Maturity

The amortized cost and estimated fair value of all investment securities available-for-sale at September 30, 2021, by contractual maturities are shown below.  Contractual maturities may differ from expected maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.


 
Amortized Cost
    
Gross Unrealized Gains
    
Gross Unrealized Losses
    
Fair Value
  
 
(In thousands)
  
     
Due in one year or less
  
$
1,019
    
$
1
    
$
(11
)
  
$
1,009
  
Due after one year through five years
    
30,034
      
128
      
(13
)
    
30,149
  
Due after five years through ten years
    
20,453
      
166
      
(6
)
    
20,613
  
Due after ten years (1)
    
105,432
      
632
      
(207
)
    
105,857
  
   
$
156,938
    
$
927
    
$
(237
)
  
$
157,628
  

(1)
Mortgage-backed securities, collateralized mortgage obligations and SBA pools do not have a single stated maturity date and therefore have been included in the “Due after ten years” category.