Investments (Tables)

6 Months Ended

Jun. 30, 2020

Investments [Abstract]

Available-for-sale Securities

Investments available-for-sale are summarized as follows at the dates indicated:

	June 30, 2020
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(In thousands)
Mortgage-backed investments:
Fannie Mae	$	13,241	$	527	$	(11)	$	13,757
Freddie Mac	4,151		203		—		4,354
Ginnie Mae	20,588		698		(10)		21,276
Other	11,007		128		(112)		11,023
Municipal bonds	13,503		684		(12)		14,175
U.S. Government agencies	43,652		64		(1,222)		42,494
Corporate bonds	22,001		114		(320)		21,795
Total	$	128,143	$	2,418	$	(1,687)	$	128,874

	December 31, 2019
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(In thousands)
Mortgage-backed investments:
Fannie Mae	$	15,605	$	128	$	(104)	$	15,629
Freddie Mac	4,196		96		—		4,292
Ginnie Mae	23,239		140		(329)		23,050
Other	11,407		66		(25)		11,448
Municipal bonds	10,675		272		(36)		10,911
U.S. Government agencies	46,672		13		(935)		45,750
Corporate bonds	25,500		372		(351)		25,521
Total	$	137,294	$	1,087	$	(1,780)	$	136,601

Schedule of Available for sale Securities in Continuous Unrealized Loss positions

The tables below summarize the aggregate fair value and gross unrealized loss by length of time those investment securities have been continuously in an unrealized loss position at the dates indicated:

	June 30, 2020
	Less Than 12 Months				12 Months or Longer				Total
	Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss
	(In thousands)
Mortgage-backed investments:
Fannie Mae	$	—	$	—	$	1,393	$	(11)	$	1,393	$	(11)
Freddie Mac	—		—		—		—		—		—
Ginnie Mae	1,429		(10)		—		—		1,429		(10)
Other	—		—		5,895		(112)		5,895		(112)
Municipal bonds	1,628		(12)		—		—		1,628		(12)
U.S. Government agencies	7,049		(235)		32,087		(987)		39,136		(1,222)
Corporate bonds	5,942		(66)		3,746		(254)		9,688		(320)
Total	$	16,048	$	(323)	$	43,121	$	(1,364)	$	59,169	$	(1,687)

	December 31, 2019
	Less Than 12 Months				12 Months or Longer				Total
	Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss
	(In thousands)
Mortgage-backed investments:
Fannie Mae	$	8,340	$	(104)	$	—	$	—	$	8,340	$	(104)
Freddie Mac	—		—		—		—		—		—
Ginnie Mae	156		—		12,921		(329)		13,077		(329)
Other	2,843		(7)		6,000		(18)		8,843		(25)
Municipal bonds	3,257		(36)		—		—		3,257		(36)
U.S. Government agencies	12,266		(201)		31,490		(734)		43,756		(935)
Corporate bonds	1,996		(12)		7,161		(339)		9,157		(351)
Total	$	28,858	$	(360)	$	57,572	$	(1,420)	$	86,430	$	(1,780)

Schedule of Available for sale Securities, Debt Maturities

	June 30, 2020
	Amortized Cost		Fair Value
	(In thousands)
Due within one year	$	498	$	499
Due after one year through five years	6,538		6,561
Due after five years through ten years	18,392		18,242
Due after ten years	53,728		53,162
	79,156		78,464
Mortgage-backed investments	48,987		50,410
Total	$	128,143	$	128,874