XML 56 R30.htm IDEA: XBRL DOCUMENT v3.20.4
INVESTMENT SECURITIES (Tables)
12 Months Ended
Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost, Estimated Fair Value and Related Unrealized Gains and Losses on Available-for-Sale Securities
The amortized cost, estimated fair value and related unrealized gains and losses on securities available for sale and held to maturity as of December 31, 2020 and December 31, 2019, respectively, were as follows:
Available for sale securitiesAmortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
December 31, 2020
U.S. government agency obligations$33,048 $387 $70 $33,365 
Obligations of states and political subdivisions140 — — 140 
Mortgage-backed securities39,454 1,537 — 40,991 
Corporate debt securities17,199 372 109 17,462 
Corporate asset-backed securities36,039 104 316 35,827 
Trust preferred securities16,297 189 38 16,448 
Total available for sale securities$142,177 $2,589 $533 $144,233 
December 31, 2019
U.S. government agency obligations$52,020 $132 $347 $51,805 
Obligations of states and political subdivisions281 — — 281 
Mortgage-backed securities70,806 635 110 71,331 
Corporate debt securities18,776 66 117 18,725 
Corporate asset-backed securities27,718 — 864 26,854 
Trust preferred securities11,167 35 79 11,123 
Total available for sale securities$180,768 $868 $1,517 $180,119 
Schedule of Amortized Cost, Estimated Fair Value and Related Unrealized Gains and Losses on Held-to-Maturity Securities
Held to maturity securitiesAmortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
December 31, 2020
Obligations of states and political subdivisions$600 $$— $602 
Mortgage-backed securities42,951 265 34 43,182 
Total held to maturity securities$43,551 $267 $34 $43,784 
December 31, 2019
Obligations of states and political subdivisions$300 $$— $302 
Mortgage-backed securities2,551 104 — 2,655 
Total held to maturity securities$2,851 $106 $— $2,957 
Schedule of Estimated Fair Value of Securities by Contractual Maturity The estimated fair value of available for sale securities at December 31, 2020, by contractual maturity, is shown below. Expected maturities will differ from contractual maturities on mortgage-backed securities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Expected maturities may differ from contractual maturities on certain agency and securities due to the call feature.
December 31, 2020December 31, 2019
Available for sale securitiesAmortized
Cost
Estimated
Fair Value
Amortized
Cost
Estimated
Fair Value
Due in one year or less$— $— $141 $141 
Due after one year through five years3,833 4,095 5,900 5,959 
Due after five years through ten years44,405 44,880 43,269 43,180 
Due after ten years54,485 54,267 60,652 59,508 
Total securities with contractual maturities102,723 103,242 109,962 108,788 
Mortgage-backed securities39,454 40,991 70,806 71,331 
Total available for sale securities$142,177 $144,233 $180,768 $180,119 

December 31, 2020December 31, 2019
Held to maturity securitiesAmortized
Cost
Estimated
Fair Value
Amortized
Cost
Estimated
Fair Value
Due in one year or less$— $— $300 $302 
Due after one year through five years200 200 — — 
Due after five years through ten years400 402 — — 
Total securities with contractual maturities600 602 300 302 
Mortgage-backed securities42,951 43,182 2,551 2,655 
Total held to maturity securities$43,551 $43,784 $2,851 $2,957 
Schedule of Available-for-Sale Securities with Unrealized Losses
Securities with unrealized losses at December 31, 2020 and December 31, 2019, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows:
 
 Less than 12 Months12 Months or MoreTotal
Available for sale securitiesFair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
December 31, 2020
U.S. government agency obligations$7,654 $17 $6,834 $53 $14,488 $70 
Corporate debt securities3,447 27 1,418 82 4,865 109 
Corporate asset-backed securities— — 24,310 316 24,310 316 
Trust preferred securities5,612 38 — — 5,612 38 
Total$16,713 $82 $32,562 $451 $49,275 $533 
December 31, 2019
U.S. government agency obligations$14,593 $156 $10,540 $191 $25,133 $347 
Mortgage-backed securities22,537 62 5,883 48 28,420 110 
Corporate debt securities7,001 15 1,398 102 8,399 117 
Corporate asset-backed securities8,683 285 18,171 579 26,854 864 
Trust preferred securities7,420 79 — — 7,420 79 
Total$60,234 $597 $35,992 $920 $96,226 $1,517 
Schedule of Held-to-Maturity Securities with Unrealized Losses
 Less than 12 Months12 Months or MoreTotal
Held to maturity securitiesFair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
December 31, 2020
Mortgage-backed securities$16,538 $34 $— $— $16,538 $34 
Total $16,538 $34 $— $— $16,538 $34 
December 31, 2019
Mortgage-backed securities$— $— $— $— $— $— 
Total$— $— $— $— $— $—