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Debt Securities (Tables)

3 Months Ended

Mar. 31, 2021

Investments, Debt and Equity Securities [Abstract]

Schedule of Amortized Cost and Approximate Fair Values of Debt Securities

The carrying amount of debt securities and approximate fair values are as follows (in thousands):

						Gross				Gross
		Amortized				Unrealized				Unrealized				Fair
		Cost				Gains				Losses				Value

*At March 31, 2021:*
Available for sale:
SBA Pool Securities		$	1,272			$	—			$	(39	)		$	1,233
Collateralized mortgage obligations			369				23				—				392
Taxable municipal securities			10,249				—				(591	)			9,658
Mortgage-backed securities			11,362				38				(303	)			11,097
Total		$	23,252			$	61			$	(933	)		$	22,380

Held-to-maturity:
Collateralized mortgage obligations		$	1,864			$	86				—			$	1,950
Mortgage-backed securities			601				19				—				620
Total		$	2,465			$	105				—			$	2,570

		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value

*At December 31, 2020:*
Available for sale:
SBA Pool Securities		$	1,338			$	—			$	(41	)		$	1,297
Collateralized mortgage obligations			458				27				—				485
Taxable municipal securities			5,063				29				(7	)			5,085
Mortgage-backed securities			11,984				53				(11	)			12,026
Total		$	18,843			$	109			$	(59	)		$	18,893

Held-to-maturity:
Collateralized mortgage obligations		$	2,420			$	116				—			$	2,536
Mortgage-backed securities			979				34				—				1,013
Total		$	3,399			$	150				—			$	3,549

Schedule of Debt Securities with Gross Unrealized Losses, by Investment Category

Debt Securities available for sale with gross unrealized losses, aggregated by investment category and length of time that individual debt securities have been in a continuous loss position, is as follows (in thousands):


		At March 31, 2021
										Less Than Twelve
		Over Twelve Months								Months
		Gross								Gross
		Unrealized				Fair				Unrealized				Fair
		Losses				Value				Losses				Value

Available for Sale :
SBA Pool Securities			39				1,233				—				—
Taxable municipal securities			—				—				591				9,658
Mortgage-backed securities			—				—				303				9,830
Total		$	39			$	1,233			$	894			$	19,488

		At December 31, 2020
		Over Twelve Months								Less Than Twelve Months
		Gross Unrealized Losses				Fair Value				Gross Unrealized Losses				Fair Value

Available for Sale :
SBA Pool Securities			41				1,297				—				—
Taxable municipal securities			—				—				7				1,413
Mortgage-backed securities			—				—				11				3,583
Total		$	41			$	1,297			$	18			$	4,996