Investment Securities (Tables)

12 Months Ended

Dec. 31, 2018

Investments Schedule [Abstract]

Summary of Fixed Maturity Securities Available for Sale

Fixed maturity securities available for sale at December 31, 2018 consisted of the following:

(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Mortgage-backed securities, principally obligations of US federal agencies	$	32,184	$	15	$	(742	)	$	31,457
State and municipalities		14,239		35		(407	)		13,867
Total	$	46,423	$	50	$	(1,149	)	$	45,324

Summary of Amortized Cost and Estimated Market Value of Investment Securities by Contractual Maturity

The amortized cost and estimated market value of investment securities as of December 31, 2018 by contractual maturity are shown below. Actual maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

(Dollars in thousands)	Amortized Cost		Fair Value
Due in one year or less	$	26	$	26
Due after one year through five years		9,040		8,834
Due after five years through ten years		11,487		11,218
Due after ten years		25,870		25,246
Total	$	46,423	$	45,324

Summary of Securities with Gross Unrealized Losses

Information pertaining to securities with gross unrealized losses at December 31, 2018, aggregated by investment category and length of time that individual securities have been in a continuous loss position follows.

	Less than Twelve Months					Twelve Months and Over
(Dollars in thousands)	Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value
Mortgage-backed securities, principally obligations of US federal agencies	$	(54	)	$	4,616	$	(688	)	$	24,871
State and municipalities		(78	)		5,429		(329	)		6,259
Total	$	(132	)	$	10,045	$	(1,017	)	$	31,130