XML 25 R15.htm IDEA: XBRL DOCUMENT v3.20.2
Investment and Mortgage-Backed Securities, Held to Maturity
 9 Months Ended
Sep. 30, 2020
Investments, Debt and Equity Securities [Abstract]  
Investment and Mortgage-Backed Securities, Held to Maturity
7. Investment and Mortgage-Backed Securities, Held to Maturity
At September 30, 2020 and December 31, 2019, the Company's entire held to maturity portfolio was comprised of mortgage-backed securities. The amortized cost, gross unrealized gains, gross unrealized losses, and fair values of held to maturity securities at those dates were as follows:
September 30, 2020Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Mortgage-Backed Securities (1)
$15,847,518 $999,770 $545 $16,846,743 
Total Held To Maturity$15,847,518 $999,770 $545 $16,846,743 
December 31, 2019Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Mortgage-Backed Securities (1)
$19,246,935 $560,067 $1,161 $19,805,841 
Total Held To Maturity$19,246,935 $560,067 $1,161 $19,805,841 
(1) COMPRISED OF MORTGAGE-BACKED SECURITIES OF GSEs OR GNMA

At September 30, 2020, the Bank held an amortized cost and fair value of $9.0 million and $9.6 million, respectively, in GNMA mortgage-backed securities classified as held to maturity, which are included in the table above, compared to an amortized cost and fair value of $11.3 million and $11.6 million, respectively, at December 31, 2019. The Company has not invested in any private label mortgage-backed securities classified as held to maturity.
7. Investment and Mortgage-Backed Securities, Held to Maturity, Continued
At September 30, 2020, the amortized cost and fair value of mortgage-backed securities held to maturity that were pledged as collateral for certain deposit accounts, FHLB advances and other borrowings were $14.6 million and $15.5 million, respectively, compared to an amortized cost and fair value of $17.5 million and $18 million, respectively, at December 31, 2019.
The following tables show gross unrealized losses, fair value, and length of time that individual held to maturity securities have been in a continuous unrealized loss position at the dates indicated below.
 September 30, 2020
 Less than 12 Months12 Months or MoreTotal
 Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses
Mortgage-Backed Securities (1)
$— $— $796,037 $545 $796,037 $545 
 $— $— $796,037 $545 $796,037 $545 
(1) COMPRISED OF MORTGAGE-BACKED SECURITIES OF GSEs OR GNMA
 December 31, 2019
 Less than 12 Months12 Months or MoreTotal
 Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses
Mortgage-Backed Securities (1)
$— $— $820,313 $1,161 $820,313 $1,161 
 $— $— $820,313 $1,161 $820,313 $1,161 
(1) COMPRISED OF MORTGAGE-BACKED SECURITIES OF GSEs OR GNMA

The Company’s held to maturity portfolio is recorded at amortized cost.  The Company has the ability and intent to hold these securities to maturity.