Investment Securities (Tables)
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3 Months Ended |
Mar. 31, 2021 |
Investment Securities |
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Schedule of amortized cost and fair value for securities |
(dollars in thousands) | | | | | Gross | | | Gross | | | | | | | Amortized | | | Unrealized | | | Unrealized | | | Fair | | | | Cost | | | Gains | | | Losses | | | Value | | March 31, 2021 | | | | | | | | | | | | | U. S. Treasuries | | $ | 125 | | | $ | - | | | $ | - | | | $ | 125 | | December 31, 2020 | | | | | | | | | | | | | | | | | U. S. Treasuries | | $ | 125 | | | $ | - | | | $ | - | | | $ | 125 | |
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Schedule of amortized cost and fair value of securities current |
(dollars in thousands) | | Amortized Cost | | | Gross Unrealized Gains | | | Gross Unrealized Losses | | | Fair Value | | March 31, 2021 | | | | | | | | | | | | | U. S. Government treasuries | | $ | 29,749 | | | $ | - | | | $ | 328 | | | $ | 29,421 | | U. S. Government sponsored enterprises | | | 24,992 | | | | - | | | | 115 | | | | 24,877 | | Securities issued by States and political subdivisions in the U.S. | | | 20,370 | | | | 351 | | | | 29 | | | | 20,692 | | Mortgage-backed obligations of federal agencies | | | 85,910 | | | | 574 | | | | 1,078 | | | | 85,406 | | Corporate debt security | | | 11,075 | | | | 259 | | | | 27 | | | | 11,307 | | Total Securities Available for Sale | | $ | 172,096 | | | $ | 1,184 | | | $ | 1,577 | | | $ | 171,703 | | | | | | | | | | | | | | | | | | | December 31, 2020 | | | | | | | | | | | | | | | | | U. S. Government sponsored enterprises | | $ | 6,000 | | | $ | 47 | | | $ | - | | | $ | 6,047 | | Securities issued by States and political subdivisions of the U.S. | | | 17,177 | | | | 515 | | | | - | | | | 17,692 | | Mortgage-backed obligations of federal agencies | | | 73,422 | | | | 502 | | | | 153 | | | | 73,771 | | Corporate debt securities | | | 9,282 | | | | 121 | | | | 14 | | | | 9,389 | | Total Securities Available for Sale | | $ | 105,881 | | | $ | 1,185 | | | $ | 167 | | | $ | 106,899 | |
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Schedule amortized cost and fair value of securities, maturity |
(dollars in thousands) | | Securities Held to Maturity | | | Securities Available for Sale | | | | Amortized | | | Fair | | | Amortized | | | Fair | | | | Cost | | | Value | | | Cost | | | Value | | Due in one year or less | | $ | 125 | | | $ | 125 | | | $ | 2,025 | | | $ | 2,059 | | Due after one year through five years | | | - | | | | - | | | | 98,524 | | | | 97,596 | | Due after five years | | | - | | | | - | | | | 62,192 | | | | 62,464 | | Due after ten years | | | - | | | | - | | | | 9,355 | | | | 9,584 | | Total | | $ | 125 | | | $ | 125 | | | $ | 172,096 | | | $ | 171,703 | |
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Schedule of unrealized losses |
(dollars in thousands) | | Less than 12 Months | | | More than 12 Months | | | Total | | | | Fair Value | | | Unrealized Losses | | | Fair Value | | | Unrealized Losses | | | Fair Value | | | Unrealized Losses | | March 31, 2021 | | | | | | | | | | | | | | | | | | | U. S. Government treasuries | | $ | 29,421 | | | $ | 328 | | | $ | - | | | $ | - | | | $ | 29,421 | | | $ | 328 | | U. S. Government sponsored enterprises | | | 19,877 | | | | 115 | | | | - | | | | - | | | | 19,877 | | | | 115 | | Securities issued by States and political subdivisions of the U.S. | | | 2,216 | | | | 29 | | | | - | | | | - | | | | 2,216 | | | | 29 | | Mortgage-backed obligations of federal agencies | | | 45,108 | | | | 1,078 | | | | - | | | | - | | | | 45,108 | | | | 1,078 | | Corporate debt security | | | 1,473 | | | | 27 | | | | - | | | | - | | | | 1,473 | | | | 27 | | Total | | $ | 98,095 | | | $ | 1,577 | | | $ | - | | | $ | - | | | $ | 98,095 | | | $ | 1,577 | |
| | Less than 12 Months | | | More than 12 Months | | | Total | | | | Fair Value | | | Unrealized Losses | | | Fair Value | | | Unrealized Losses | | | Fair Value | | | Unrealized Losses | | December 31, 2020 | | | | | | | | | | | | | | | | | | | U. S. Government sponsored enterprises | | $ | 73,771 | | | $ | 153 | | | $ | - | | | $ | - | | | $ | 73,771 | | | $ | 153 | | Corporate debt securities | | | 9,389 | | | | 14 | | | | - | | | | - | | | | 9,389 | | | | 14 | | Total | | $ | 83,160 | | | $ | 167 | | | $ | - | | | $ | - | | | $ | 83,160 | | | $ | 167 | |
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