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INVESTMENT SECURITIES (Tables)

6 Months Ended

Jun. 30, 2021

INVESTMENT SECURITIES

Schedule of amortized cost and fair value of debt securities, with gross unrealized gains and losses


		June 30, 2021
					Gross			Gross
		Amortized			Unrealized			Unrealized			Fair
(Dollars in thousands)		Cost			Gains			Losses			Value
Securities Held-to-Maturity
U.S. Government and agency obligations		$	15,027		$	64		$	(262)		$	14,829
Municipal obligations			484			7			—			491
		$	15,511		$	71		$	(262)		$	15,320
Securities Available-for-Sale
Mortgage-backed securities		$	37,381		$	148		$	(185)		$	37,344
U.S. Government and agency obligations			2,000			—			(71)			1,929
Municipal obligations			2,609			—			(26)			2,583
		$	41,990		$	148		$	(282)		$	41,856


		December 31, 2020
					Gross			Gross
		Amortized			Unrealized			Unrealized			Fair
(Dollars in thousands)		Cost			Gains			Losses			Value
Securities Held-to-Maturity
U.S. Government and agency obligations		$	17,034		$	93		$	(121)		$	17,006
Municipal obligations			489			10			—			499
		$	17,523		$	103		$	(121)		$	17,505
Securities Available-for-Sale
Mortgage-backed securities		$	15,968		$	179		$	(7)		$	16,140
U.S. Government and agency obligations			2,000			—			(39)			1,961
Municipal obligations			2,628			12			(11)			2,629
		$	20,596		$	191		$	(57)		$	20,730

Schedule of maturities of securities held-to-maturity and available-for-sale


		June 30, 2021
		Held-to-Maturity						Available-for-Sale
		Amortized			Fair			Amortized			Fair
(Dollars in thousands)		Cost			Value			Cost			Value
Amounts maturing in:
One year or less		$	—		$	—		$	—		$	—
After one through five years			—			—			—			—
After five through ten years			11,483			11,261			3,445			3,418
After ten years			4,028			4,059			38,545			38,438
		$	15,511		$	15,320		$	41,990		$	41,856


		December 31, 2020
		Held-to-Maturity						Available-for-Sale
		Amortized			Fair			Amortized			Fair
(Dollars in thousands)		Cost			Value			Cost			Value
Amounts maturing in:
One year or less		$	—		$	—		$	—		$	—
After one through five years			—			—			1			1
After five through ten years			11,490			11,452			3,361			3,355
After ten years			6,033			6,053			17,234			17,374
		$	17,523		$	17,505		$	20,596		$	20,730

Schedule of securities with gross unrealized losses


		June 30, 2021
		Less than 12 Months						12 Months or Greater						Total
		Fair			Gross Unrealized			Fair			Gross Unrealized			Fair			Gross Unrealized
(Dollars in thousands)		Value			Losses			Value			Losses			Value			Losses
Securities Held-to-Maturity
U.S. Government and agency obligations		$	11,738		$	(262)		$	—		$	—		$	11,738		$	(262)
Municipal obligations			—			—			—			—			—			—
		$	11,738		$	(262)		$	—		$	—		$	11,738		$	(262)
Securities Available-for-Sale
Mortgage-backed securities		$	22,640		$	(185)		$	—		$	—		$	22,640		$	(185)
U.S. Government and agency obligations			1,929			(71)			—			—			1,929			(71)
Municipal obligations			2,583			(26)			—			—			2,583			(26)
		$	27,152		$	(282)		$	—		$	—		$	27,152		$	(282)
Total		$	38,890		$	(544)		$	—		$	—		$	38,890		$	(544)


		December 31, 2020
		Less than 12 Months						12 Months or Greater						Total
		Fair			Gross Unrealized			Fair			Gross Unrealized			Fair			Gross Unrealized
(Dollars in thousands)		Value			Losses			Value			Losses			Value			Losses
Securities Held-to-Maturity
U.S. Government and agency obligations		$	7,879		$	(121)		$	—		$	—		$	7,879		$	(121)
		$	7,879		$	(121)		$	—		$	—		$	7,879		$	(121)
Securities Available-for-Sale
Mortgage-backed securities		$	4,010		$	(7)		$	—		$	—		$	4,010		$	(7)
U.S. Government and agency obligations			1,961			(39)			—			—			1,961			(39)
Municipal obligations			1,751			(11)			—			—			1,751			(11)
		$	7,722		$	(57)		$	—		$	—		$	7,722		$	(57)
Total		$	15,601		$	(178)		$	—		$	—		$	15,601		$	(178)