Investment Securities (Tables)

3 Months Ended

Mar. 31, 2019

Investment Securities [Abstract]

Summary of amortized costs and fair value of investment securities

	March 31, 2019
	Amortized		Gross Unrealized			Fair
(dollars in thousands)	Cost			Gains	Losses	Value
Available for sale
US government agencies	$	8,970		1	75	8,896
SBA securities		3,441		-	52	3,389
State and political subdivisions		8,061		127	13	8,175
Asset-backed securities		9,504		-	78	9,426
Mortgage-backed securities
FHLMC		11,873		147	135	11,885
FNMA		27,777		45	364	27,458
GNMA		4,154		3	86	4,071
Total mortgage-backed securities		43,804		195	585	43,414
Total investment securities available for sale	$	73,780		323	803	73,300
	December 31, 2018
		Amortized	Gross Unrealized			Fair
		Cost		Gains	Losses	Value
Available for sale
US government agencies	$	8,975		1	194	8,782
SBA securities		3,628		-	103	3,525
State and political subdivisions		8,371		48	63	8,356
Asset-backed securities		9,595		12	49	9,558
Mortgage-backed securities
FHLMC		12,258		87	242	12,103
FNMA		29,068		25	551	28,542
GNMA		4,170		1	132	4,039
Total mortgage-backed securities		45,496		113	925	44,684
Total	$	76,065		174	1,334	74,905

Summary of fair values investment securities available for contractual maturities

	March 31, 2019
	Less than one year			One to five years		Five to ten years		Over ten years			Total
(dollars in thousands)	Amount		Yield	Amount	Yield	Amount	Yield	Amount	Yield	Amount	Yield
Available for sale
US government agencies	$	-	-	3,418	2.06%	5,478	2.90%	-	-	8,896	2.58%
SBA securities		-	-	-	-	-	-	3,389	2.78%	3,389	2.78%
State and political subdivisions		-	-	1,130	2.96%	4,145	6.74%	2,900	2.87%	8,175	4.84%
Asset-backed securities		-	-	-	-	1,776	3.21%	7,651	3.26%	9,426	3.25%
Mortgage-backed securities		-	-	4,864	1.92%	9,396	2.22%	29,153	2.78%	43,414	2.61%
Total	$	-	-	9,412	2.10%	20,795	3.11%	43,093	2.92%	73,300	2.94%
	December 31, 2018
	Less than one year			One to five years		Five to ten years		Over ten years			Total
(dollars in thousands)	Amount		Yield	Amount	Yield	Amount	Yield	Amount	Yield	Amount	Yield
Available for sale
US government agencies	$	-	-	2,665	2.12%	6,117	2.77%	-	-	8,782	2.57%
SBA securities		-	-	-	-	-	-	3,525	2.72%	3,525	2.72%
State and political subdivisions		-	-	819	2.60%	4,637	3.04%	2,900	2.88%	8,356	2.94%
Asset-backed securities		-	-	-	-	1,862	3.22%	7,696	3.29%	9,558	3.27%
Mortgage-backed securities		-	-	5,094	1.89%	9,763	2.22%	29,827	2.70%	44,684	2.50%
Total	$	-	-	8,578	2.03%	22,379	2.62%	43,948	2.81%	74,905	2.67%

Summary of gross unrealized losses on investment securities and fair market value of related securities

	March 31, 2019
	Less than 12 months					12 months or longer					Total
		Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
(dollars in thousands)	#	value		losses		#	value		losses		#	value		losses
Available for sale
US government agencies	1	$	499	$	1	8	$	7,147	$	74	9	$	7,646	$	75
SBA securities	-		-		-	2		3,389		52	2		3,389		52
State and political subdivisions	-		-		-	4		1,561		13	4		1,561		13
Asset-backed securities	5		7,651		70	1		1,775		8	6		9,426		78
Mortgage-backed securities
FHLMC	-		-		-	10		7,218		135	10		7,218		135
FNMA	1		887		7	22		20,143		357	23		21,030		364
GNMA	-		-		-	3		2,947		86	3		2,947		86
Total	7	$	9,037	$	78	50	$	44,180	$	725	57	$	53,217	$	803
	December 31, 2018
	Less than 12 months					12 months or longer					Total
		Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
(dollars in thousands)	#	value		losses		#	value		losses		#	value		losses
Available for sale
US government agencies	1	$	1,246	$	3	8	$	7,035	$	191	9	$	8,281	$	194
SBA securities	-		-		-	2		3,525		103	2		3,525		103
State and political subdivisions	-		-		-	7		2,829		63	7		2,829		63
Asset-backed securities	4		6,707		49	-		-		-	4		6,707		49
Mortgage-backed securities
FHLMC	-		-		-	10		7,402		242	10		7,402		242
FNMA	2		2,689		6	23		22,814		545	25		25,503		551
GNMA	1		1,104		6	3		2,919		126	4		4,023		132
Total	8	$	11,746	$	64	53	$	46,524	$	1,270	61	$	58,270	$	1,334

Summary of other investments

(dollars in thousands)	March 31, 2019		December 31, 2018
Federal Home Loan Bank stock	$	2,774	3,587
Other investments		132	131
Investment in Trust Preferred securities		403	403
Total other investments	$	3,309	4,121