Securities (Tables)

6 Months Ended

Jun. 30, 2021

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-sale Securities Reconciliation

	June 30, 2021
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
U.S. Treasury	$	6,381	$	57	$	—	$	6,438
U.S. Government-sponsored enterprises (GSEs)		73,503		191		(1,074)		72,620
Municipal securities		86,720		2,188		—		88,908
Other debt securities		29,019		414		(82)		29,351
Mortgage-backed securities (GSEs)		52,430		1,201		(131)		53,500
Total	$	248,053	$	4,051	$	(1,287)	$	250,817

	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 and six months ended June 30, 2021 and 2020 were as follows (in thousands):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Proceeds from sales	$	-	$	4,760	$	-	$	6,875
Gross gains	$	-	$	16	$	-	$	16
Gross losses	$	-	$	-	$	-	$	-
Proceeds from maturities and calls	$	2,178	$	12,200	$	11,275	$	15,450

Investments Classified by Contractual Maturity Date

The amortized cost and estimated fair value of securities at June 30, 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.

	June 30, 2021
	Amortized		Fair
	Cost		Value
Due in one year or less	$	5,025	$	5,041
Due from one year to five years		4,039		4,058
Due from five years to ten years		66,493		67,152
Due after ten years		120,066		121,066
		195,623		197,317
Mortgage-backed securities		52,430		53,500
Total	$	248,053	$	250,817

Schedule of Unrealized Loss on Investments

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):

	June 30, 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)	$	35,861	$	(1,071)	9	$	841	$	(3)	3	$	36,702	$	(1,074)	12
Municipal securities		—		—	—		—		—	—		—		—	—
Other debt securities		10,918		(82)	5		—		—	—		10,918		(82)	5
Mortgage-backed securities (GSEs)		36		—	1		9,862		(131)	6		9,898		(131)	7
Total	$	46,815	$	(1,153)	15	$	10,703	$	(134)	9	$	57,518	$	(1,287)	24

	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 Other Investments

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

	June 30,		December 31,
	2021		2020
Federal Reserve Bank stock	$	8,316	$	8,606
Federal Home Loan Bank stock		5,918		5,838
First National Bankers Bank stock		350		350
Total	$	14,584	$	14,794