Investment Securities (Tables)

3 Months Ended

Mar. 31, 2020

Schedule Of Investments [Abstract]

Summary of Fixed Maturity Securities Available for Sale

Fixed maturity securities available for sale as of March 31, 2020 and December 31, 2019 consisted of the following:

March 31, 2020 (Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Mortgage-backed securities, principally obligations of US    federal agencies	$	35,237	$	746	$	(139	)	$	35,844
State and municipalities		10,301		55		(73	)		10,283
Total	$	45,538	$	801	$	(212	)	$	46,127

December 31, 2019 (Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Mortgage-backed securities, principally obligations of    US federal agencies	$	36,335	$	411	$	(112	)	$	36,634
State and municipalities		12,279		186		(101	)		12,364
Total	$	48,614	$	597	$	(213	)	$	48,998

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 March 31, 2020 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	$	25	$	25
Due after one year through five years		11,901		12,001
Due after five years through ten years		10,490		10,663
Due after ten years		23,122		23,438
Total	$	45,538	$	46,127

Summary of Securities with Gross Unrealized Losses

The following tables show information pertaining to securities with gross unrealized losses at March 31, 2020 and December 31, 2019, aggregated by investment category and length of time that individual securities have been in a continuous loss position.

	Less than Twelve Months					Twelve Months and Over
March 31, 2020 (Dollars in thousands)	Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value
Mortgage-backed securities, principally obligations    of US federal agencies	$	(139	)	$	6,361	$	—		$	—
State and municipalities		(22	)		3,642		(51	)		2,169
Total	$	(161	)	$	10,003	$	(51	)	$	2,169

	Less than Twelve Months					Twelve Months and Over
December 31, 2019 (Dollars in thousands)	Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value
Mortgage-backed securities, principally obligations of    US federal agencies	$	(74	)	$	8,291	$	(38	)	$	4,939
State and municipalities		(17	)		2,099		(84	)		2,739
Total	$	(91	)	$	10,390	$	(122	)	$	7,678