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Investment Securities (Tables)
12 Months Ended
Dec. 31, 2020
Investment Securities [Abstract]  
Schedule of Available-for-Sale Securities Reconciliation

The following table provides information on the amortized cost and estimated fair values of investment securities at December 31, 2020 and 2019.

    

    

Gross

    

Gross

    

Estimated

Amortized

Unrealized

Unrealized

Fair

(Dollars in thousands)

Cost

Gains

Losses

Value

Available-for-sale securities:

2020

U.S. Government agencies

$

23,600

$

20

$

83

$

23,537

Mortgage-backed

 

113,865

 

2,234

 

68

 

116,031

Total

$

137,465

$

2,254

$

151

$

139,568

2019

U.S. Government agencies

$

23,854

$

3

$

31

$

23,826

Mortgage-backed

 

98,638

 

574

 

247

 

98,965

Total

$

122,492

$

577

$

278

$

122,791

Schedule of Held-to-Maturity

    

    

Gross

    

Gross

    

Estimated

Amortized

Unrealized

Unrealized

Fair

(Dollars in thousands)

Cost

Gains

Losses

Value

Held-to-maturity securities:

    

    

    

    

2020

U.S. Government agencies

$

18,893

$

38

$

43

$

18,888

Mortgage-backed

27,347

7

18

27,336

States and political subdivisions

 

400

 

1

 

 

401

Other debt securities

 

19,066

 

139

 

2

 

19,203

Total

$

65,706

$

185

$

63

$

65,828

2019

U.S. Government agencies

$

1,386

$

$

5

$

1,381

States and political subdivisions

 

400

 

1

 

 

401

Other debt securities

 

7,000

 

 

128

 

6,872

Total

$

8,786

$

1

$

133

$

8,654

Available-For-Sale Securities and Held-to-Maturity, Continuous Unrealized Loss Position, Fair Value

The following table provides information about gross unrealized losses and fair value by length of time that the individual securities have been in a continuous unrealized loss position at December 31, 2020 and 2019.

Less than

More than

12 Months

12 Months

Total

    

Fair

    

Unrealized

    

Fair

    

Unrealized

    

Fair

    

Unrealized

(Dollars in thousands)

Value

Losses

Value

Losses

Value

Losses

2020

Available-for-sale securities:

U.S. Government agencies

$

14,919

$

82

$

236

$

1

$

15,155

$

83

Mortgage-backed

 

11,869

 

68

 

 

 

11,869

 

68

Total

$

26,788

$

150

$

236

$

1

$

27,024

$

151

Held-to-maturity securities:

U.S. Government agencies

$

6,646

$

43

$

$

$

6,646

$

43

Mortgage-backed

5,093

18

5,093

18

Other debt securities

498

2

498

2

Total

$

12,237

$

63

$

$

$

12,237

$

63

Less than

More than

12 Months

12 Months

Total

    

Fair

    

Unrealized

    

Fair

    

Unrealized

    

Fair

    

Unrealized

(Dollars in thousands)

Value

Losses

Value

Losses

Value

Losses

2019

Available-for-sale securities:

U.S. Government agencies

$

4,995

$

5

$

18,516

$

26

$

23,511

$

31

Mortgage-backed

 

12,180

 

27

 

22,282

 

220

 

34,462

 

247

Total

$

17,175

$

32

$

40,798

$

246

$

57,973

$

278

Held-to-maturity securities:

U.S. Government agencies

$

1,381

$

5

$

$

$

1,381

$

5

Other debt securities

 

3,905

 

95

 

2,967

 

33

 

6,872

 

128

Total

$

5,286

$

100

$

2,967

$

33

$

8,253

$

133

Schedule of Securities Debt Maturities

The following table provides information on the amortized cost and estimated fair values of investment securities by maturity date at December 31, 2020.

Available for sale

Held to maturity

    

Amortized

    

    

Amortized

    

(Dollars in thousands)

Cost

Fair Value

Cost

Fair Value

Due in one year or less

$

4,999

$

5,015

$

$

Due after one year through five years

 

1,393

 

1,431

 

2,944

 

2,957

Due after five years through ten years

 

57,061

 

58,419

 

27,728

 

27,818

Due after ten years

 

74,012

 

74,703

 

35,034

 

35,053

Total

$

137,465

$

139,568

$

65,706

$

65,828

Amortized Cost and Estimated Fair Values of Securities

The following table sets forth the amortized cost and estimated fair values of securities which have been pledged as collateral for obligations to federal, state and local government agencies, and other purposes as required or permitted by law, or sold under agreements to repurchase at December 31, 2020 and 2019. All pledged securities are in the available-for-sale investment portfolio.

2020

2019

    

Amortized

    

    

Amortized

    

(Dollars in thousands)

Cost

Fair Value

Cost

Fair Value

Pledged available-for-sale securities

$

60,600

$

61,094

$

66,904

$

67,142