Securities (Tables)

6 Months Ended

Jun. 30, 2020

Investments Debt And Equity Securities [Abstract]

Summary of Securities Available-for-Sale and Restricted Stock

Securities consist of the following at June 30, 2020 and December 31, 2019:

(Dollars in thousands)	Amortized cost		Gross unrealized gains		Gross unrealized (losses)			Fair value
June 30, 2020
Available-for-sale
U.S. Treasury security	$	999	$	19	$	—		$	1,018
Mortgage-backed securities of government agencies		74,063		1,362		(211	)		75,214
Asset-backed securities of government agencies		895		—		(64	)		831
State and political subdivisions		18,828		549		—			19,377
Corporate bonds		6,988		56		(282	)		6,762
Total available-for-sale		101,773		1,986		(557	)		103,202
Held-to-maturity
Mortgage-backed securities of government agencies		7,446		264		(15	)		7,695
State and political subdivisions		3,425		—		—			3,425
Total held-to-maturity		10,871		264		(15	)		11,120
Equity securities		53		30		—			83
Restricted stock		4,614		—		—			4,614
Total securities	$	117,311	$	2,280	$	(572	)	$	119,019
December 31, 2019
Available-for-sale
U.S. Treasury security	$	998	$	1	$	—		$	999
U.S. Government agencies		5,500		—		(4	)		5,496
Mortgage-backed securities of government agencies		75,676		326		(145	)		75,857
Asset-backed securities of government agencies		934		—		(17	)		917
State and political subdivisions		21,161		351		(1	)		21,511
Corporate bonds		7,605		23		(262	)		7,366
Total available-for-sale		111,874		701		(429	)		112,146
Held-to-maturity
U.S. Government agencies		4,999		—		(6	)		4,993
Mortgage-backed securities of government agencies		8,870		143		(56	)		8,957
Total held-to-maturity		13,869		143		(62	)		13,950
Equity securities		53		39		—			92
Restricted stock		4,614		—		—			4,614
Total securities	$	130,410	$	883	$	(491	)	$	130,802

Summary of Amortized Cost and Fair Value of Debt Securities

The amortized cost and fair value of debt securities at June 30, 2020, by contractual maturity, are shown below.  Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

(Dollars in thousands)	Amortized cost		Fair value
Available-for-sale
Due in one year or less	$	3,679	$	3,722
Due after one through five years		10,258		10,394
Due after five through ten years		16,003		16,293
Due after ten years		71,833		72,793
Total debt securities available-for-sale	$	101,773	$	103,202
Held-to-maturity
Due in one year or less	$	3,425	$	3,425
Due after ten years		7,446		7,695
Total debt securities held-to-maturity	$	10,871	$	11,120

Summary of Gross Unrealized Losses and Fair Value of Available for Sale Securities

The following table presents gross unrealized losses and fair value of securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2020 and December 31, 2019:

	Securities in a continuous unrealized loss position
	Less than 12 months					12 months or more					Total
(Dollars in thousands)	Gross unrealized losses			Fair value		Gross unrealized losses			Fair value		Gross unrealized losses			Fair value
June 30, 2020
Available-for-sale
Mortgage-backed securities of government    agencies	$	(197	)	$	21,770	$	(14	)	$	1,672	$	(211	)	$	23,442
Asset-backed securities of government    agencies		—			—		(64	)		831		(64	)		831
Corporate bonds		—			—		(282	)		3,695		(282	)		3,695
Held-to-maturity
Mortgage-backed securities of government    agencies		(15	)		2,076		—			—		(15	)		2,076
Total temporarily impaired securities	$	(212	)	$	23,846	$	(360	)	$	6,198	$	(572	)	$	30,044
December 31, 2019
Available-for-sale
U.S. Government agencies	$	—		$	—	$	(4	)	$	3,496	$	(4	)	$	3,496
Mortgage-backed securities of government    agencies		(74	)		22,702		(71	)		8,924		(145	)		31,626
Asset-backed securities of government    agencies		—			—		(17	)		917		(17	)		917
State and political subdivisions		—			—		(1	)		653		(1	)		653
Corporate bonds		—			—		(262	)		3,712		(262	)		3,712
Held-to-maturity
U.S. Government agencies		—			—		(6	)		4,993		(6	)		4,993
Mortgage-backed securities of government    agencies		—			—		(56	)		3,009		(56	)		3,009
Total temporarily impaired securities	$	(74	)	$	22,702	$	(417	)	$	25,704	$	(491	)	$	48,406