Securities Available-for-Sale (Tables)

12 Months Ended

Dec. 31, 2020

Text Block [Abstract]

Summary of Securities Available-for-Sale

	December 31, 2020								December 31, 2019
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
(dollars in thousands)
SBA Backed Securities	$	44,328	$	—	$	289	$	44,039	$	54,331	$	23	$	143	$	54,211
U.S. Government Agency and Sponsored Enterprises Mortgage-Backed Securities		177,239		819		317		177,741		184,580		139		532		184,187
Privately Issued Residential Mortgage-Backed Securities		330		2		4		328		397		1		2		396
Obligations Issued by States and Political Subdivisions		52,276		—		—		52,276		18,016		60		—		18,076
Other Debt Securities		8,100		24		60		8,064		3,600		51		19		3,632
Total	$	282,273	$	845	$	670	$	282,448	$	260,924	$	274	$	696	$	260,502

Estimated Maturity Distribution of Securities Available-for-Sale

The following table shows the estimated maturity distribution of the Company’s securities available-for-sale at December 31, 2020.

	Amortized Cost		Fair Value
(dollars in thousands)
Within one year	$	52,501	$	52,497
After one but within five years		114,877		115,236
After five but within ten years		97,911		97,880
More than ten years		16,984		16,835
Total	$	282,273	$	282,448

Continuous Unrealized Loss Position for 12 Months or Less and 12 Months and Longer

The following table shows the temporarily impaired securities of the Company’s available-for-sale portfolio at December 31, 2020. This table shows the unrealized market loss of securities that have been in a continuous unrealized loss position for 12 months or less and a continuous loss position for 12 months and longer. There are 13 and 21 securities that are temporarily impaired for less than 12 months and for 12 months or longer, respectively, out of a total of 153 holdings at December 31, 2020.

Temporarily Impaired Investments	December 31, 2020
	Less Than 12 Months				12 Months or Longer				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
(dollars in thousands)
SBA Backed Securities	$	13,839	$	42	$	30,200	$	247	$	44,039	$	289
U.S. Government Agency and Sponsored Enterprise Mortgage-Backed Securities		18,188		50		33,617		267		51,805		317
Privately Issued Residential Mortgage-Backed Securities		—		—		210		4		210		4
Obligations Issued by States and Political Subdivisions		—		—		—		—		—		—
Other Debt Securities		3,942		58		1,298		2		5,240		60
Total temporarily impaired securities	$	35,969	$	150	$	65,325	$	520	$	101,294	$	670

Temporarily Impaired Investments	December 31, 2019
	Less Than 12 Months				12 Months or Longer				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
(dollars in thousands)
SBA Backed Securities	$	14,560	$	30	$	22,092	$	113	$	36,652	$	143
U.S. Government Agency and Sponsored Enterprise Mortgage-Backed Securities		108,806		379		29,178		153		137,984		532
Privately Issued Residential Mortgage-Backed Securities		252		2		—		—		252		2
Obligations Issued by States and Political Subdivisions		—		—		—		—		—		—
Other Debt Securities		800		1		481		18		1,281		19
Total temporarily impaired securities	$	124,418	$	412	$	51,751	$	284	$	176,169	$	696