Investment Securities (Tables)

9 Months Ended

Sep. 30, 2020

Investment Securities

Schedule of amortized cost and fair value of debt securities available for sale

	September 30, 2020
	Amortized		Gross Unrealized				Fair
	Cost		Gain		Loss		Value
Available for sale:
U.S. Treasury & Agency securities	$	94,990	$	398	$	(13)	$	95,375
Mortgage-backed securities		26,650		95		—		26,745
Collateralized mortgage obligations		120,091		600		(489)		120,202
Collateralized debt obligations		214		—		(30)		184
Total	$	241,945	$	1,093	$	(532)	$	242,506

	December 31, 2019
	Amortized		Gross Unrealized				Fair
	Cost		Gain		Loss		Value
Available for sale:
U.S. Treasury securities	$	122,634	$	170	$	(1)	$	122,803
Mortgage-backed securities		23,028		76		—		23,104
Collateralized mortgage obligations		1,138		45		—		1,183
Collateralized debt obligations		216		—		(17)		199
Total	$	147,016	$	291	$	(18)	$	147,289

Schedule of amortized cost and fair value of debt securities available for sale, shown by contractual maturity

The amortized cost and fair value of debt securities available for sale issued by U.S. Treasury at September 30, 2020 are shown by contractual maturity. Mortgage-backed securities, collateralized mortgage obligations and collateralized debt obligations are disclosed separately in the table below as the expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties.

	Amortized		Fair
	Cost		Value
U.S. Treasury & Agency securities
Due less than one year	$	69,990	$	70,388
Due after one year through five years		25,000		24,987
Mortgage-backed securities		26,650		26,745
Collateralized mortgage obligations		120,091		120,202
Collateralized debt obligations		214		184
Total	$	241,945	$	242,506

Schedule of debt securities available for sale, at fair value, continuous unrealized losses position

	September 30, 2020
	Less than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
U.S. Treasury & Agency securities	$	24,987	$	(13)	$	—	$	—	$	24,987	$	(13)
Collateralized mortgage obligations		65,450		(489)		—		—		65,450		(489)
Collateralized debt obligations		—		—		184		(30)		184		(30)
Total	$	90,437	$	(502)	$	184	$	(30)	$	90,621	$	(532)

	December 31, 2019
	Less than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
U.S. Treasury securities	$	5,011	$	(1)	$	—	$	—	$	5,011	$	(1)
Collateralized debt obligations		—		—		199		(17)		199		(17)
Total	$	5,011	$	(1)	$	199	$	(17)	$	5,210	$	(18)

Schedule of equity securities with readily determinable fair values

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Net gains recorded during the period on equity securities	$	—	$	30	$	123	$	136
Less: net gains recorded during the period on equity securities sold during the period		—		—		—		—
Unrealized gains recorded during the period on equity securities held at the reporting date	$	—	$	30	$	123	$	136