Investment Securities (Tables)
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12 Months Ended |
Dec. 31, 2020 |
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| Investments, Debt and Equity Securities [Abstract] |
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| Schedule of Available for Sale Securities |
The amortized cost and estimated fair value of securities available for sale along with gross unrealized gains and losses are summarized as follows: | | | | | | | | | | | | | | | | | | | | | | | |
(dollars in thousands) | Amortized Cost | | Gross
Unrealized
Gains | | Gross
Unrealized
Losses | | Fair Value | | December 31, 2020 | | | | | | | | | U.S. treasury securities | $ | 245 | | | $ | — | | | $ | — | | | $ | 245 | | | U.S. agency | 1,000 | | | 4 | | | — | | | 1,004 | | | State, county and municipal securities | 61,298 | | | 1,155 | | | (65) | | | 62,388 | | | Corporate debt securities | 4,250 | | | 1 | | | (1) | | | 4,250 | | | Mortgage-backed securities | 305,438 | | | 7,837 | | | (348) | | | 312,927 | | | Total debt securities | $ | 372,231 | | | $ | 8,997 | | | $ | (414) | | | $ | 380,814 | |
| | | | | | | | | | | | | | | | | | | | | | | | | (dollars in thousands) | Amortized Cost | | Gross
Unrealized
Gains | | Gross
Unrealized
Losses | | Fair Value | | December 31, 2019 | | | | | | | | | State, county and municipal securities | $ | 5,133 | | | $ | 36 | | | $ | (54) | | | $ | 5,115 | | | Corporate debt securities | 2,811 | | | 11 | | | (16) | | | 2,806 | | | Mortgage-backed securities | 338,930 | | | 2,669 | | | (2,188) | | | 339,411 | | | Total debt securities | $ | 346,874 | | | $ | 2,716 | | | $ | (2,258) | | | $ | 347,332 | |
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| Schedule of Unrealized Loss on Investments |
The gross unrealized losses and estimated fair value of securities aggregated by category and length of time that securities have been in a continuous unrealized loss position are summarized as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Less Than 12 Months | | 12 Months or More | | Total | | (dollars in thousands) | Estimated
Fair
Value | | Unrealized Losses | | Estimated
Fair
Value | | Unrealized Losses | | Estimated
Fair
Value | | Unrealized Losses | | December 31, 2020 | | | | | | | | | | | | | State, county and municipal securities | $ | 8,282 | | | $ | (65) | | | $ | — | | | $ | — | | | $ | 8,282 | | | $ | (65) | | | Corporate debt securities | 999 | | | (1) | | | — | | | — | | | 999 | | | (1) | | | Mortgage-backed securities | 28,835 | | | (77) | | | 3,949 | | | (271) | | | 32,784 | | | (348) | | | Total debt securities | $ | 38,116 | | | $ | (143) | | | $ | 3,949 | | | $ | (271) | | | $ | 42,065 | | | $ | (414) | | | | | | | | | | | | | | | December 31, 2019 | | | | | | | | | | | | | State, county and municipal securities | $ | 3,257 | | | $ | (54) | | | $ | — | | | $ | — | | | $ | 3,257 | | | $ | (54) | | | Corporate debt securities | — | | | — | | | 784 | | | (16) | | | 784 | | | (16) | | | Mortgage-backed securities | 60,860 | | | (277) | | | 119,110 | | | (1,911) | | | 179,970 | | | (2,188) | | | Total debt securities | $ | 64,117 | | | $ | (331) | | | $ | 119,894 | | | $ | (1,927) | | | $ | 184,011 | | | $ | (2,258) | |
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| Schedule of Investments Classified by Contractual Maturity Date |
This is often the case with mortgage-backed securities, which are disclosed separately in the table below. | | | | | | | | | | | | | Securities
Available for Sale | | (dollars in thousands) | Amortized
Cost | | Fair
Value | | Due in one year or less | $ | 385 | | | $ | 386 | | | Due after one year through five years | 3,925 | | | 3,969 | | | Due after five years through ten years | 18,246 | | | 18,499 | | | Due after ten years | 44,237 | | | 45,033 | | | | $ | 66,793 | | | $ | 67,887 | | | Mortgage-backed securities | 305,438 | | | 312,927 | | | | $ | 372,231 | | | $ | 380,814 | |
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