Investments (Tables)

9 Months Ended

Sep. 30, 2021

Investments [Abstract]

Schedule of Amortized Cost and Fair Value of AFS Securities and Corresponding Amounts of Gross Unrealized Gains and Losses

The amortized cost and fair value of our available-for-sale (“AFS”) securities and the corresponding amounts of gross unrealized gains and losses at the dates indicated were as follows (in thousands):

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
September 30, 2021
Municipal bonds	$	4,216	$	160	$	(6)	$	4,370
Agency mortgage-backed securities	2,631		70		(11)		2,690
Total	$	6,847	$	230	$	(17)	$	7,060
December 31, 2020
Municipal bonds	$	5,209	$	204	$	—	$	5,413
Agency mortgage-backed securities	4,706		105		(6)		4,805
Total	$	9,915	$	309	$	(6)	$	10,218

Schedule of Amortized Cost and Fair Value of Investments Available-for-Sale by Contractual Maturity

The amortized cost and fair value of AFS securities at September 30, 2021, by contractual maturity, are shown below (in thousands). Expected maturities of AFS securities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Investments not due at a single maturity date, primarily mortgage-backed investments, are shown separately.

	September 30, 2021
	Amortized Cost		Fair Value
Due within one year	$	226	$	226
Due after one year through five years	260		268
Due after five years through ten years	457		492
Due after ten years	3,273		3,384
Agency mortgage-backed securities	2,631		2,690
Total	$	6,847	$	7,060

Schedule of Aggregate Fair Value and Gross Unrealized Loss in Continuous Unrealized Loss Position

The following table summarizes the aggregate fair value and gross unrealized loss by length of time of those investments that have been in a continuous unrealized loss position at the dates indicated (in thousands):

	September 30, 2021
	Less Than 12 Months				12 Months or Longer				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Municipal bonds	$	660	$	(6)	$	—	$	—	$	660	$	(6)
Agency mortgage-backed securities	434		(11)		—		—		434		(11)
Total	$	1,094	$	(17)	$	—	$	—	$	1,094	$	(17)

	December 31, 2020
	Less Than 12 Months				12 Months or Longer				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Agency mortgage-backed securities	$	1,618	$	(6)	$	—	$	—	$	1,618	$	(6)
Total	$	1,618	$	(6)	$	—	$	—	$	1,618	$	(6)