2. Investment Securities (Tables)

9 Months Ended

Sep. 30, 2018

Investment Securities Tables Abstract

Schedule of amortized cost and fair value for securities

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
September 30, 2018
U. S. Treasuries	$	123	$	-	$	-	$	123
December 31, 2017
U. S. Treasuries	$	125	$	-	$	-	$	125

Amortized cost and fair value of securities

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
September 30, 2018
U. S. Government sponsored enterprises	$	7,999	$	-	$	179	$	7,820
Mortgage-backed obligations of federal agencies		435		-		11		424
Total Securities Available for Sale	$	8,434	$	-	$	190	$	8,244
December 31, 2017
U. S. Treasuries	$	19,998	$	-	$	-	$	19,998
U.S. Government sponsored enterprises		7,999		-		19		7,980
Mortgage-backed obligations of federal agencies		508		-		6		502
Equity securities1		135		-		-		135
Total Securities Available for Sale	$	28,640	$	-	$	25	$	28,615

Schedule of gain and losses on sales of debt and equity securities

	Securities Held to Maturity				Securities Available for Sale
	Amortized		Fair		Amortized		Fair
(dollars in thousands)	Cost		Value		Cost		Value
Due in one year or less	$	-	$	-	$	-	$	-
Due after one year through five years		123		123		5,999		5,880
Due after five years		-		-		2,435		2,364
Due after ten years		-		-		-		-
Total	$	123	$	123	$	8,434	$	8,244

Schedule of securities with unrealized losses

	Less than 12 Months					More than 12 Months				Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
September 30, 2018
U. S. Government sponsored enterprises	$	7,820	$	(179	)	$	-	$	-	$	7,820	$	(179	)
Mortgage-backed obligations of federal agencies		424		(11	)		-		-		424		(11	)
Total	$	8,244	$	(190	)	$	-	$	-	$	8,244	$	(190	)

	Less than 12 Months					More than 12 Months				Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
December 31, 2017
U. S. Government sponsored enterprises	$	3,981	$	(19	)	$	-	$	-	$	3,981	$	(19	)
Mortgage-backed obligations of federal agencies		502		(6	)		-		-		502		(6	)
Total	$	4,483	$	(25	)	$	-	$	-	$	4,483	$	(25	)