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v3.22.1

Investment Securities (Tables) | 3 Months Ended
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Mar. 31, 2022
Investment Securities |
Schedule of cost basis and fair values of investment securities | The cost basis and fair values of investment securities are summarized as follows: Investment securities available for sale (AFS): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2022
​ | ​ | ​ | ​ | ​ | GROSS | ​ | GROSS | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | UNREALIZED | ​ | UNREALIZED | ​ | FAIR
​ |  | COST BASIS |  | GAINS |  | LOSSES |  | VALUE
​ | ​ | (IN THOUSANDS)
U.S. Agency | ​ | $ | 9,674 | ​ | $ | — | ​ | $ | (459) | ​ | $ | 9,215
U.S. Agency mortgage-backed securities | ​ |  | 85,978 | ​ |  | 227 | ​ |  | (4,820) | ​ |  | 81,385
Municipal | ​ |  | 21,543 | ​ |  | 153 | ​ |  | (488) | ​ |  | 21,208
Corporate bonds | ​ |  | 53,335 | ​ |  | 410 | ​ |  | (686) | ​ |  | 53,059
Total | ​ | $ | 170,530 | ​ | $ | 790 | ​ | $ | (6,453) | ​ | $ | 164,867
​ Investment securities held to maturity (HTM): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2022
​ | ​ | ​ | ​ | ​ | GROSS | ​ | GROSS | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | UNREALIZED | ​ | UNREALIZED | ​ | FAIR
​ |  | COST BASIS |  | GAINS |  | LOSSES |  | VALUE
​ | ​ | (IN THOUSANDS)
U.S. Agency | ​ | $ | 2,500 | ​ | $ | — | ​ | $ | (165) | ​ | $ | 2,335
U.S. Agency mortgage-backed securities | ​ | ​ | 14,117 | ​ | ​ | 43 | ​ | ​ | (707) | ​ | ​ | 13,453
Municipal | ​ |  | 34,295 | ​ |  | 438 | ​ |  | (877) | ​ |  | 33,856
Corporate bonds and other securities | ​ |  | 7,507 | ​ |  | 10 | ​ |  | (40) | ​ |  | 7,477
Total | ​ | $ | 58,419 | ​ | $ | 491 | ​ | $ | (1,789) | ​ | $ | 57,121
​ Investment securities available for sale (AFS): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2021
​ | ​ | ​ | ​ | ​ | GROSS | ​ | GROSS | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | UNREALIZED | ​ | UNREALIZED | ​ | FAIR
​ |  | COST BASIS |  | GAINS |  | LOSSES |  | VALUE
​ | ​ | (IN THOUSANDS)
U.S. Agency | ​ | $ | 7,371 | ​ | $ | 86 | ​ | $ | (70) | ​ | $ | 7,387
U.S. Agency mortgage-backed securities | ​ |  | 80,136 | ​ |  | 1,202 | ​ |  | (1,171) | ​ |  | 80,167
Municipal | ​ |  | 20,066 | ​ |  | 851 | ​ |  | (25) | ​ |  | 20,892
Corporate bonds | ​ |  | 53,843 | ​ |  | 1,028 | ​ |  | (146) | ​ |  | 54,725
Total | ​ | $ | 161,416 | ​ | $ | 3,167 | ​ | $ | (1,412) | ​ | $ | 163,171
​ Investment securities held to maturity (HTM): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2021
​ | ​ | ​ | ​ | ​ | GROSS | ​ | GROSS | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | UNREALIZED | ​ | UNREALIZED | ​ | FAIR
​ | ​ | COST BASIS |  | GAINS |  | LOSSES |  | VALUE
​ | ​ | (IN THOUSANDS)
U.S. Agency |  | $ | 2,500 | ​ | $ | — | ​ | $ | (11) | ​ | $ | 2,489
U.S. Agency mortgage-backed securities |  | ​ | 10,556 | ​ | ​ | 203 | ​ | ​ | (115) | ​ | ​ | 10,644
Municipal | ​ |  | 33,188 | ​ |  | 1,734 | ​ |  | (103) | ​ |  | 34,819
Corporate bonds and other securities | ​ |  | 7,507 | ​ |  | 64 | ​ |  | (7) | ​ |  | 7,564
Total | ​ | $ | 53,751 | ​ | $ | 2,001 | ​ | $ | (236) | ​ | $ | 55,516
Schedule of investments with unrealized losses | The following tables present information concerning investments with unrealized losses as of March 31, 2022 and December 31, 2021 (in thousands): Total investment securities:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2022
​ | ​ | LESS THAN 12 MONTHS | ​ | 12 MONTHS OR LONGER | ​ | TOTAL
​ | ​ | FAIR | ​ | UNREALIZED | ​ | FAIR | ​ | UNREALIZED | ​ | FAIR | ​ | UNREALIZED
​ |  | VALUE |  | LOSSES |  | VALUE |  | LOSSES |  | VALUE |  | LOSSES
U.S. Agency | ​ | $ | 10,550 | ​ | $ | (624) | ​ | $ | — | ​ | $ | — | ​ | $ | 10,550 | ​ | $ | (624)
U.S. Agency mortgage-backed securities | ​ | ​ | 56,533 | ​ | ​ | (3,356) | ​ | ​ | 17,323 | ​ | ​ | (2,171) | ​ | ​ | 73,856 | ​ | ​ | (5,527)
Municipal | ​ |  | 26,893 | ​ | ​ | (1,271) | ​ | ​ | 951 | ​ | ​ | (94) | ​ | ​ | 27,844 | ​ | ​ | (1,365)
Corporate bonds and other securities | ​ |  | 27,430 | ​ | ​ | (665) | ​ | ​ | 2,439 | ​ | ​ | (61) | ​ | ​ | 29,869 | ​ | ​ | (726)
Total | ​ | $ | 121,406 | ​ | $ | (5,916) | ​ | $ | 20,713 | ​ | $ | (2,326) | ​ | $ | 142,119 | ​ | $ | (8,242)
​ ​ Total investment securities:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2021
​ | ​ | LESS THAN 12 MONTHS | ​ | 12 MONTHS OR LONGER | ​ | TOTAL
​ | ​ | FAIR | ​ | UNREALIZED | ​ | FAIR | ​ | UNREALIZED | ​ | FAIR | ​ | UNREALIZED
​ |  | VALUE |  | LOSSES |  | VALUE |  | LOSSES |  | VALUE |  | LOSSES
U.S. Agency | ​ | $ | 7,419 | ​ | $ | (81) | ​ | $ | — | ​ | $ | — | ​ | $ | 7,419 | ​ | $ | (81)
U.S. Agency mortgage-backed securities | ​ | ​ | 45,422 | ​ | ​ | (972) | ​ | ​ | 6,691 | ​ | ​ | (314) | ​ | ​ | 52,113 | ​ | ​ | (1,286)
Municipal | ​ |  | 7,832 | ​ | ​ | (128) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 7,832 | ​ | ​ | (128)
Corporate bonds and other securities | ​ |  | 14,558 | ​ | ​ | (92) | ​ | ​ | 2,439 | ​ | ​ | (61) | ​ | ​ | 16,997 | ​ | ​ | (153)
Total | ​ | $ | 75,231 | ​ | $ | (1,273) | ​ | $ | 9,130 | ​ | $ | (375) | ​ | $ | 84,361 | ​ | $ | (1,648)
Schedule of investment securities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2022
​ | ​ | Available for sale | ​ | Held to maturity
​ |  | Cost Basis |  | Fair Value |  | Cost Basis |  | Fair Value
Within 1 year | ​ | $ | 2,726 | ​ | $ | 2,730 | ​ | $ | 200 | ​ | $ | 203
After 1 year but within 5 years | ​ |  | 37,080 | ​ |  | 36,965 | ​ |  | 12,178 | ​ |  | 12,205
After 5 years but within 10 years | ​ |  | 50,104 | ​ |  | 49,206 | ​ |  | 25,358 | ​ |  | 25,146
Over 10 years | ​ |  | 80,620 | ​ |  | 75,966 | ​ |  | 20,683 | ​ |  | 19,567
Total | ​ | $ | 170,530 | ​ | $ | 164,867 | ​ | $ | 58,419 | ​ | $ | 57,121

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- Definition Tabular disclosure of the reconciliation of available-for-sale and held for maturity securities from cost basis to fair value. + References No definition available. + Details
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- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
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- Definition 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=123581744&loc=d3e27290-111563 + Details
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