Investment Securities (Tables)

6 Months Ended

Jun. 30, 2020

Schedule Of Investments [Abstract]

Summary of Fixed Maturity Securities Available for Sale

Fixed maturity securities available for sale as of June 30, 2020 and December 31, 2019 consisted of the following:

June 30, 2020 (Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Mortgage-backed securities, principally obligations of US    federal agencies	$	35,310	$	1,645	$	(3	)	$	36,952
State and municipalities		10,301		242		—			10,543
Total	$	45,611	$	1,887	$	(3	)	$	47,495

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 June 30, 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		11,769		12,250
Due after five years through ten years		12,089		12,877
Due after ten years		21,728		22,343
Total	$	45,611	$	47,495

Summary of Securities with Gross Unrealized Losses

The following tables show information pertaining to securities with gross unrealized losses at June 30, 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
June 30, 2020 (Dollars in thousands)	Gross Unrealized Losses			Fair Value		Gross Unrealized Losses		Fair Value
Mortgage-backed securities, principally obligations    of US federal agencies	$	(3	)	$	1,820	$	—	$	—
State and municipalities		—			—		—		274
Total	$	(3	)	$	1,820	$	—	$	274

	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