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INVESTMENT SECURITIES (Tables)
6 Months Ended
Jun. 30, 2021
Investments, Debt and Equity Securities [Abstract]  
Summary of Investments in Available-for-sale and Held-to-maturity Securities
The following is a summary of the Company's investments in available for sale and held to maturity securities as of June 30, 2021 and December 31, 2020: 
As of June 30, 2021Amortized
cost
Gross
unrealized
gains
Gross
unrealized
losses
Fair value
(Dollars in thousands)
Available for sale:    
Corporate debt obligations$500 $— $— $500 
Residential mortgage-backed securities15,118 521 24 15,615 
Collateralized mortgage obligations16 — — 16 
Total available for sale$15,634 $521 $24 $16,131 
     
Held to maturity:    
States and political subdivisions$1,253 $262 $— $1,515 
As of December 31, 2020Amortized
cost
Gross
unrealized
gains
Gross
unrealized
losses
Fair value
(Dollars in thousands)
Available for sale:    
Corporate debt obligations$500 $— $— $500 
Residential mortgage-backed securities18,736 646 23 19,359 
Collateralized mortgage obligations22 — 23 
Total available for sale$19,258 $647 $23 $19,882 
     
Held to maturity:    
States and political subdivisions$1,224 $306 $— $1,530 
Investments Classified by Contractual Maturity
The amortized cost and fair value of debt securities classified as available for sale and held to maturity, by contractual maturity as of June 30, 2021 are as follows:
 Amortized
Cost
Fair
Value
 (Dollars in thousands)
Available for sale: 
Due within one year$31 $30 
Due after one year through five years500 500 
Due after five years through ten years8,827 9,110 
Due after ten years6,276 6,491 
Total available for sale$15,634 $16,131 
Held to maturity: 
Due within one year$— $— 
Due after one year through five years— — 
Due after five years through ten years1,253 1,515 
Due after ten years— — 
Total held to maturity$1,253 $1,515 
Gross Unrealized Losses and Fair Value of Investments with Continuous Unrealized Loss Position The following tables show the gross unrealized losses and fair value of the Company's investments which are aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2021 and December 31, 2020:
As of June 30, 2021Less Than 12 Months12 Months or GreaterTotal
Description of SecuritiesFair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
 (Dollars in thousand)
Available for sale:      
Residential mortgage-backed securities$1,562 $21 $162 $$1,724 $24 
Total available for sale$1,562 $21 $162 $$1,724 $24 
As of December 31, 2020Less Than 12 Months12 Months or GreaterTotal
Description of SecuritiesFair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
 (Dollars in thousands)
Available for sale:      
Residential mortgage-backed securities$2,142 $20 $215 $$2,357 $23 
Total available for sale$2,142 $20 $215 $$2,357 $23