Investment Securities (Tables)

12 Months Ended

Dec. 31, 2019

Investment Securities [Abstract]

Amortized Cost and Fair Value of Securities

	December 31, 2019
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
		(Dollars in thousands)
SECURITIES AVAILABLE FOR SALE:
Debt Securities
U.S. government agencies	$	2,011	$	134	$	-	$	2,145
Municipal bonds		34,985		835		(1)		35,819
Mortgage-backed securities:
Collateralized mortgage obligations-private label		23		-		-		23
Collateralized mortgage obligations-government sponsored entities		27,081		393		(133)		27,341
Government National Mortgage Association		162		14		-		176
Federal National Mortgage Association		1,944		69		-		2,013
Federal Home Loan Mortgage Corporation		3,211		156		-		3,367
Asset-backed securities-private label		-		215		-		215
Asset-backed securities-government sponsored entities		33		2		-		35
Total Debt Securities	$	69,450	$	1,818	$	(134)	$	71,134
Equity Securities		22		45		-		67
Total Securities Available for Sale	$	69,472	$	1,863	$	(134)	$	71,201

	December 31, 2018
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
		(Dollars in thousands)
SECURITIES AVAILABLE FOR SALE:
Debt Securities
U.S. government agencies	$	2,012	$	-	$	(51)	$	1,961
Municipal bonds		44,546		521		(125)		44,942
Mortgage-backed securities:
Collateralized mortgage obligations-private label		27		-		-		27
Collateralized mortgage obligations-government sponsored entities		32,987		152		(686)		32,453
Government National Mortgage Association		191		8		-		199
Federal National Mortgage Association		2,367		41		(23)		2,385
Federal Home Loan Mortgage Corporation		3,833		64		(9)		3,888
Asset-backed securities-private label		-		270		-		270
Asset-backed securities-government sponsored entities		43		1		-		44
Total Debt Securities	$	86,006	$	1,057	$	(894)	$	86,169
Equity Securities		22		2		-		24
Total Securities Available for Sale	$	86,028	$	1,059	$	(894)	$	86,193

Investment in Debt Securities Available for Sale Gross Unrealized Loss

	Less than 12 months				12 months or more				Total
			Gross				Gross				Gross
			Unrealized				Unrealized				Unrealized
	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
	(Dollars in thousands)
December 31, 2019
Municipal bonds	$	399		(1)	$	-	$	-	$	399	$	(1)
Mortgage-backed securities		423		(3)		10,676		(130)		11,099		(133)
	$	822	$	(4)	$	10,676	$	(130)	$	11,498	$	(134)

December 31, 2018
U.S. government agencies	$	-	$	-	$	1,961	$	(51)	$	1,961	$	(51)
Municipal bonds		1,531		(5)		4,299		(120)		5,830		(125)
Mortgage-backed securities		736		(5)		23,065		(713)		23,801		(718)
	$	2,267	$	(10)	$	29,325	$	(884)	$	31,592	$	(894)

Summary of Credit-Related OTTI Charges Recognized as Components of Income

	For The Years Ended December 31,
	2019		2018
	(Dollars in thousands)
Beginning balance	$	347	$	435
Additions:
Credit loss not previously recognized		-		-
Reductions:
Losses realized during the period on OTTI previously recognized		-		-
Receipt of cash flows on previously recorded OTTI		(53)		(88)
Ending balance	$	294	$	347

Scheduled Contractual Maturities of Available for Sale Debt Securities

	Amortized		Fair
	Cost		Value
	(Dollars in thousands)
December 31, 2019:
Less than one year	$	480	$	481
After one year through five years		7,223		7,306
After five years through ten years		13,836		14,048
After ten years		15,457		16,129
Mortgage-backed securities		32,421		32,920
Asset-backed securities		33		250
	$	69,450	$	71,134