Securities (Tables)

9 Months Ended

Sep. 30, 2019

Investments Debt And Equity Securities [Abstract]

Schedule of Amortized Cost, Fair Value, and the Corresponding Amounts of Gross Unrealized Gains and Losses

The following table summarizes the amortized cost, fair value, and the corresponding amounts of gross unrealized gains and losses for available for sale securities as of September 30, 2019 and December 31, 2018:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
As of September 30, 2019:	(Dollars in thousands)
Available for sale:
U.S. Government sponsored agency securities	$	5,998	$	—	$	(6	)	$	5,992
Mortgage-backed securities: residential		12,160		61		(24	)		12,197
Collateralized mortgage obligations: residential		33,757		395		(46	)		34,106
Total available for sale	$	51,915	$	456	$	(76	)	$	52,295

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
As of December 31, 2018:	(Dollars in thousands)
Available for sale:
U.S. Government sponsored agency securities	$	6,994	$	—	$	(88	)	$	6,906
Mortgage-backed securities: residential		14,465		—		(336	)		14,129
Collateralized mortgage obligations: residential		34,655		156		(510	)		34,301
Total available for sale	$	56,114	$	156	$	(934	)	$	55,336

Schedule of Amortized Cost and Estimated Fair Value of Securities Available for Sale

There were no sales of securities available for sale in the three or nine months ended September 30, 2019 or 2018. The amortized cost and estimated fair value of securities available for sale at September 30, 2019, by contractual maturity, are shown below. Securities without a contractual maturity are shown separately.

	Amortized Cost		Fair Value
As of September 30, 2019:	(Dollars in thousands)
Available for sale:
Within one year	$	3,998	$	3,995
One to five years		2,000		1,997
Mortgage-backed securities: residential		12,160		12,197
Collateralized mortgage obligations		33,757		34,106
Total available for sale	$	51,915	$	52,295

Schedule of Securities With Unrealized Losses

The following table summarizes securities with unrealized losses as of September 30, 2019 and December 31, 2018, aggregated by length of time in a continuous unrealized loss position:

	Less Than 12 Months					12 Months or Longer					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
As of September 30, 2019:	(Dollars in thousands)
Available for sale:
U.S. Government sponsored agency securities	$	1,000	$	—		$	3,992	$	(6	)	$	4,992	$	(6	)
Mortgage-backed securities: residential		1,176		—			3,442		(24	)		4,618		(24	)
Collateralized mortgage obligations		2,140		(14	)		4,014		(32	)		6,154		(46	)
Total available for sale	$	4,316	$	(14	)	$	11,448	$	(62	)	$	15,764	$	(76	)

	Less Than 12 Months					12 Months or Longer					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
As of December 31, 2018:	(Dollars in thousands)
Available for sale:
U.S. Government sponsored agency securities	$	—	$	—		$	6,906	$	(88	)	$	6,906	$	(88	)
Mortgage-backed securities: residential		3,209		(23	)		10,920		(313	)		14,129		(336	)
Collateralized mortgage obligations		3,348		(26	)		14,544		(484	)		17,892		(510	)
Total available for sale	$	6,557	$	(49	)	$	32,370	$	(885	)	$	38,927	$	(934	)

Schedule of Other Investments

Other investments as of September 30, 2019 and December 31, 2018, consisted of the following:

	September 30, 2019		December 31, 2018
	(Dollars in thousands)
FHLB stock	$	5,358	$	4,582
PCBB stock		190		190
Mutual fund - CRA qualified		3,625		2,488
Total other investments	$	9,173	$	7,260