Securities (Tables)

3 Months Ended

Mar. 31, 2021

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-sale Securities Reconciliation

The amortized cost, gross unrealized gains and losses and fair value of securities available-for-sale are summarized as follows (in thousands):

	March 31, 2021
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
U.S. Government-sponsored enterprises (GSEs)	$	73,905	$	41	$	(1,689)	$	72,257
Municipal securities		88,509		1,626		(6)		90,129
Other debt securities		26,019		154		(118)		26,055
Mortgage-backed securities (GSEs)		61,294		1,354		(152)		62,496
Total	$	249,727	$	3,175	$	(1,965)	$	250,937

	December 31, 2020
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
U.S. Government-sponsored enterprises (GSEs)	$	30,526	$	10	$	(6)	$	30,530
Municipal securities		89,644		2,345		—		91,989
Other debt securities		25,019		112		(13)		25,118
Mortgage-backed securities (GSEs)		66,425		1,754		(182)		67,997
Total	$	211,614	$	4,221	$	(201)	$	215,634

Proceeds from sale of securities available for sale, gains losses and proceeds from redemption

Proceeds from sale of securities available for sale, gross gains and gross losses on sales and redemptions for the three months ended March 31, 2021 and 2020 were as follows (in thousands):

	Three Months Ended
	March 31,
	2021		2020
Proceeds from sales	$	-	$	2,115
Gross gains	$	-	$	-
Gross losses	$	-	$	-
Proceeds from maturities and calls	$	9,097	$	3,250

Investments Classified by Contractual Maturity Date

The amortized cost and estimated fair value of securities at March 31, 2021, by contractual maturity for non-mortgage backed securities are shown below (in thousands). Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

	March 31, 2021
	Amortized		Fair
	Cost		Value
Due in one year or less	$	4,947	$	4,972
Due from one year to five years		4,569		4,596
Due from five years to ten years		56,988		56,896
Due after ten years		121,929		121,977
		188,433		188,441
Mortgage-backed securities		61,294		62,496
Total	$	249,727	$	250,937

The following tables present the gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities available-for-sale have been in a continuous unrealized loss position (in thousands):

	March 31, 2021
	Less than 12 Months					12 Months or Greater					Total
			Gross		Number			Gross		Number			Gross		Number
	Fair		Unrealized		of	Fair		Unrealized		of	Fair		Unrealized		of
	Value		Losses		Securities	Value		Losses		Securities	Value		Losses		Securities
U.S. Government-sponsored enterprises (GSEs)	$	60,310	$	(1,687)	14	$	585	$	(2)	2	$	60,895	$	(1,689)	16
Municipal securities		1,125		(6)	2		—		—	—		1,125		(6)	2
Other debt securities		12,882		(118)	6		—		—	—		12,882		(118)	6
Mortgage-backed securities (GSEs)		2,095		(2)	2		11,745		(150)	6		13,840		(152)	8
Total	$	76,412	$	(1,813)	24	$	12,330	$	(152)	8	$	88,742	$	(1,965)	32

	December 31, 2020
	Less than 12 Months					12 Months or Greater					Total
			Gross		Number			Gross		Number			Gross		Number
	Fair		Unrealized		of	Fair		Unrealized		of	Fair		Unrealized		of
	Value		Losses		Securities	Value		Losses		Securities	Value		Losses		Securities
U.S. Government-sponsored enterprises (GSEs)	$	15,510	$	(5)	3	$	132	$	(1)	1	$	15,642	$	(6)	4
Municipal securities		—		—	—		—		—	—		—		—	—
Other debt securities		1,495		(5)	1		977		(8)	1		2,472		(13)	2
Mortgage-backed securities (GSEs)		9,790		(87)	6		6,083		(95)	3		15,873		(182)	9
Total	$	26,795	$	(97)	10	$	7,192	$	(104)	5	$	33,987	$	(201)	15

Schedule of Unrealized Loss on Investments

Schedule of Other Investments

The following is the amortized cost and carrying value of other investments (in thousands):

	March 31,		December 31,
	2021		2020
Federal Reserve Bank stock	$	8,460	$	8,606
Federal Home Loan Bank stock		5,918		5,838
First National Bankers Bank stock		350		350
Total	$	14,728	$	14,794