Securities (Tables)

3 Months Ended

Mar. 31, 2020

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 March 31, 2020 and December 31, 2019:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
As of March 31, 2020:	(Dollars in thousands)
Available for sale:
U.S. Government sponsored agency securities	$	3,000	$	25	$	—	$	3,025
Mortgage-backed securities: residential		14,900		403		—		15,303
Collateralized mortgage obligations: residential		32,718		1,133		—		33,851
Total available for sale	$	50,618	$	1,561	$	—	$	52,179

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
As of December 31, 2019:	(Dollars in thousands)
Available for sale:
U.S. Government sponsored agency securities	$	5,000	$	2	$	(1	)	$	5,001
Mortgage-backed securities: residential		15,559		94		(12	)		15,641
Collateralized mortgage obligations: residential		35,723		243		(59	)		35,907
Total available for sale	$	56,282	$	339	$	(72	)	$	56,549

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 months ended March 31, 2020 or 2019. The amortized cost and estimated fair value of securities available for sale at March 31, 2020, by contractual maturity, are shown below. Securities without a contractual maturity are shown separately.

	Amortized Cost		Fair Value
As of March 31, 2020:	(Dollars in thousands)
Available for sale:
Within one year	$	2,000	$	2,010
One to five years		1,000		1,015
Mortgage-backed securities: residential		14,900		15,303
Collateralized mortgage obligations		32,718		33,851
Total available for sale	$	50,618	$	52,179

Schedule of Securities With Unrealized Losses

There were no securities with unrealized losses as of March 31, 2020. The following table summarizes securities with unrealized losses as of December 31, 2019, 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 December 31, 2019:	(Dollars in thousands)
Available for sale:
U.S. Government sponsored agency securities	$	—	$	—		$	1,999	$	(1	)	$	1,999	$	(1	)
Mortgage-backed securities: residential		—		—			3,254		(12	)		3,254		(12	)
Collateralized mortgage obligations		8,878		(29	)		3,658		(30	)		12,536		(59	)
Total available for sale	$	8,878	$	(29	)	$	8,911	$	(43	)	$	17,789	$	(72	)

Schedule of Other Investments

Other investments as of March 31, 2020 and December 31, 2019, consisted of the following:

	March 31, 2020		December 31, 2019
	(Dollars in thousands)
FHLB stock	$	5,358	$	5,358
PCBB stock		190		190
Mutual fund - CRA qualified		3,705		3,628
Total other investments	$	9,253	$	9,176