Available for Sale Securities (Tables)

12 Months Ended

Dec. 31, 2021

Investments, Debt and Equity Securities [Abstract]

Summary of Amortized Costs and Fair Value of Securities Available for Sale

Amortized costs and fair values of available for sale securities are summarized as follows: 

			Gross		Gross
	Amortized		Unrealized		Unrealized
December 31, 2021	Cost		Gains		Losses			Fair Value
U.S. Treasury notes	$	19,501	$	8	$	(25	)	$	19,484
Obligations of states and political subdivisions		20,758		207		(205	)		20,760
Government-sponsored mortgage-backed securities		64,049		563		(463	)		64,149
Asset-backed securities		6,479		45		(1	)		6,523
Certificates of deposit		1,459		65		—			1,524
Total	$	112,246	$	888	$	(694	)	$	112,440

			Gross		Gross
	Amortized		Unrealized		Unrealized
December 31, 2020	Cost		Gains		Losses			Fair Value
Obligations of states and political subdivisions	$	11,570	$	244	$	(11	)	$	11,803
Government-sponsored mortgage-backed securities		36,886		1,165		(12	)		38,039
Asset-backed securities		7,231		57		(7	)		7,281
Certificates of deposit		1,458		122		—			1,580
Total	$	57,145	$	1,588	$	(30	)	$	58,703

Summary of Gross Unrealized Losses on Securities Available-for-sale and Fair Values

The following table presents the portion of the Company’s portfolio which has gross unrealized losses, reflecting the length of time that individual securities have been in a continuous unrealized loss position: 

	Less than 12 months					12 months or longer					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
December 31, 2021	Value		Loss			Value		Loss			Value		Loss
U.S. Treasury notes	$	12,971	$	(25	)	$	—	$	—		$	12,971	$	(25	)
Obligations of states and political subdivisions		5,414		(82	)		4,105		(123	)		9,519		(205	)
Government-sponsored mortgage-backed securities		39,392		(463	)		—		—			39,392		(463	)
Asset-backed securities		808		(1	)		—		—			808		(1	)
Total	$	58,585	$	(571	)	$	4,105	$	(123	)	$	62,690	$	(694	)

	Less than 12 months					12 months or longer					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
December 31, 2020	Value		Loss			Value		Loss			Value		Loss
Obligations of states and political subdivisions	$	4,235	$	(11	)	$	—	$	—		$	4,235	$	(11	)
Government-sponsored mortgage-backed securities		4,984		(12	)		—		—			4,984		(12	)
Asset-backed securities		—		—			638		(7	)		638		(7	)
Total	$	9,219	$	(23	)	$	638	$	(7	)	$	9,857	$	(30	)

Summary of Amortized Costs and Fair Values of Securities Available-for-sale, by Contractual Maturity

The amortized cost and fair value of available for sale securities by contractual maturity are shown below. Expected maturities will differ from contractual maturities in mortgage-backed securities since the anticipated maturities are not readily determinable. Therefore, these securities are not included in the maturity categories in the following maturity summary listed below: 

	December 31, 2021
	Amortized		Fair
	Cost		Value
Debt and other securities:
Due in one year or less	$	1,505	$	1,512
Due after one through 5 years		13,901		13,982
Due after 5 through 10 years		14,812		14,822
Due after 10 years		11,500		11,452
Total debt and other securities		41,718		41,768
Mortgage-related securities		64,049		64,149
Asset-backed securities		6,479		6,523
Total	$	112,246	$	112,440

Summary of Proceeds from Sales of Securities Available-for-sale, as well as Gross Gains and Losses

The following is a summary of the proceeds from sales of securities available for sale, as well as gross gains and losses, for each of the periods listed below: 

	Years ended December 31,
	2021		2020
Proceeds from sales of securities available-for-sale	$	1,018	$	19,515
Gross realized gains		12		1,023
Gross realized losses		—		—