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Securities (Tables)
12 Months Ended
Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost and Fair Value of Investment Securities Available-for-sale
The amortized cost and fair value of securities available-for-sale as of the dates indicated are as follows:
2021
December 31,Amortized CostGross Unrealized GainsGross Unrealized LossesFair
Value
(Dollars in Thousands)
Available-for-Sale Debt Securities:
U.S. Government Agencies$53,992 $$(1,433)$52,561 
Obligations of States and Political Subdivisions17,951 1,004 — 18,955 
Mortgage-Backed Securities - Government-Sponsored Enterprises55,373 1,468 (282)56,559 
Collateralized Mortgage Obligations - Government Sponsored Enterprises88,493 164 (2,074)86,583 
Corporate Debt7,481 — (31)7,450 
Total Available-for-Sale Debt Securities$223,290 $2,638 $(3,820)222,108 
Equity Securities:
Mutual Funds990 
Other1,876 
Total Equity Securities2,866 
Total Securities$224,974 
 2020
December 31,Amortized CostGross Unrealized GainsGross Unrealized LossesFair
Value
(Dollars in Thousands)
Available-for-Sale Debt Securities:
U.S. Government Agencies$41,994 $12 $(595)$41,411 
Obligations of States and Political Subdivisions20,672 1,321 — 21,993 
Mortgage-Backed Securities - Government-Sponsored Enterprises75,900 3,593 — 79,493 
Total Available-for-Sale Debt Securities$138,566 $4,926 $(595)142,897 
Equity Securities:
Mutual Funds1,019 
Other1,484 
Total Equity Securities2,503 
Total Securities$145,400 
Schedule of Gross Unrealized Losses and Fair Value on Investments
The following tables show the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at the dates indicated:
2021
Less than 12 months12 Months or GreaterTotal
December 31,Number
of
Securities
Fair
Value
Gross
Unrealized
Losses
Number
of
Securities
Fair
Value
Gross
Unrealized
Losses
Number
of
Securities
Fair
Value
Gross
Unrealized
Losses
(Dollars in Thousands)
U.S. Government Agencies$17,729 $(269)$31,830 $(1,164)12 $49,559 $(1,433)
Mortgage-Backed Securities - Government Sponsored Enterprises28,772 (282)— — — 28,772 (282)
Collateralized Mortgage Obligations - Government Sponsored Enterprises10 77,560 (2,074)— — — 10 77,560 (2,074)
Corporate Debt7,450 (31)— — — 7,450 (31)
Total25 $131,511 $(2,656)$31,830 $(1,164)32 $163,341 $(3,820)
2020
Less than 12 months12 Months or GreaterTotal
December 31,Number
of
Securities
Fair
Value
Gross
Unrealized
Losses
Number
of
Securities
Fair
Value
Gross
Unrealized
Losses
Number
of
Securities
Fair
Value
Gross
Unrealized
Losses
(Dollars in Thousands)
U.S. Government Agencies7$32,399 $(595)$— $— 7$32,399 $(595)
Total7$32,399 $(595)$— $— 7$32,399 $(595)
Schedule of Maturities of Investment Securities Available-for-sale The scheduled maturities of securities available-for-sale are summarized as follows. Actual maturities will differ from contractual maturities because borrowers may have the right to call or prepay debt obligations with or without prepayment
penalties. Mortgage-backed securities and collateralized mortgage obligations are classified in the table below based on their contractual maturity date; however, regular principal payments and prepayments of principal are received on a monthly basis.
2021
December 31,Amortized
Cost
Fair
Value
(Dollars in Thousands)
Due in One Year or Less$2,580 $2,604 
Due after One Year through Five Years4,471 4,457 
Due after Five Years through Ten Years77,913 77,639 
Due after Ten Years138,326 137,408 
Total$223,290 $222,108 
Schedule of Realized Gain (Loss)
The following table presents the gross realized gain and loss on sales of debt securities, as well as gain and loss on equity securities from both sales and market adjustments for the periods indicated. All gains and losses presented in the table below are reported in Net Gain on Securities on the Consolidated Statements of Income (Loss).
Year Ended December 31,20212020
(Dollars in Thousands)
Debt Securities
Gross Realized Gain$225 $489 
Gross Realized Loss— — 
Net Gain on Debt Securities$225 $489 
Equity Securities
Net Unrealized Gain (Loss) Recognized on Securities Held$295 $(267)
Net Realized Gain Recognized on Securities Sold11 
Net Gain (Loss) on Equity Securities$301 $(256)
Net Gain on Securities$526 $233