Securities (Tables)

12 Months Ended

Dec. 31, 2020

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-sale Securities Reconciliation

The amortized cost and fair value of securities available-for-sale at December 31, 2020 and 2019 are summarized as follow (in thousands):

	December 31, 2020
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
U.S. Government-sponsored enterprises (GSEs)	$	30,526	$	10	$	(6)	$	30,530
Municipal securities		89,644		2,345		—		91,989
Other debt securities		25,019		112		(13)		25,118
Mortgage-backed securities (GSEs)		66,425		1,754		(182)		67,997
Total	$	211,614	$	4,221	$	(201)	$	215,634

	December 31, 2019
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
U.S. Government-sponsored enterprises (GSEs)	$	19,015	$	41	$	(56)	$	19,000
Municipal securities		63,792		618		(19)		64,391
Other debt securities		3,481		22		(33)		3,470
Mortgage-backed securities (GSEs)		91,531		382		(426)		91,487
Total	$	177,819	$	1,063	$	(534)	$	178,348

Proceeds from sale of securities available for sale, gains losses and proceeds from redemption

Proceeds from sale and maturities and calls of securities available for sale, gross gains and gross losses were as follows (in thousands):

	Year Ended
	December 31,
	2020		2019
Proceeds from sales	$	11,759	$	16,515
Gross gains	$	7	$	35
Gross losses	$	(1)	$	(1)
Proceeds from maturities and calls	$	49,633	$	15,555

Investments Classified by Contractual Maturity Date

	December 31, 2020
	Amortized		Fair
	Cost		Value
Due in one year or less	$	4,907	$	4,949
Due from one year to five years		4,159		4,174
Due from five years to ten years		36,172		36,442
Due after ten years		99,951		102,072
		145,189		147,637
Mortgage-backed securities		66,425		67,997
Total	$	211,614	$	215,634

Schedule of Unrealized Loss on Investments

The following tables present the gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities available-for-sale have been in a continuous unrealized loss position, as of December 31, 2020 and 2019 (in thousands):

	As of December 31, 2020
	Less than 12 Months					12 Months or Greater					Total
			Gross		Number			Gross		Number			Gross		Number
	Fair		Unrealized		of	Fair		Unrealized		of	Fair		Unrealized		of
	Value		Losses		Securities	Value		Losses		Securities	Value		Losses		Securities
U.S. Government-sponsored enterprises (GSEs)	$	15,510	$	(5)	3	$	132	$	(1)	1	$	15,642	$	(6)	4
Municipal securities		—		—	—		—		—	—		—		—	—
Other debt securities		1,495		(5)	1		977		(8)	1		2,472		(13)	2
Mortgage-backed securities (GSEs)		9,790		(87)	6		6,083		(95)	3		15,873		(182)	9
Total	$	26,795	$	(97)	10	$	7,192	$	(104)	5	$	33,987	$	(201)	15

	As of December 31, 2019
	Less than 12 Months					12 Months or Greater					Total
			Gross		Number			Gross		Number			Gross		Number
	Fair		Unrealized		of	Fair		Unrealized		of	Fair		Unrealized		of
	Value		Losses		Securities	Value		Losses		Securities	Value		Losses		Securities
U.S. Government-sponsored enterprises (GSEs)	$	2,972	$	(43)	2	$	5,987	$	(13)	2	$	8,959	$	(56)	4
Municipal securities		3,656		(16)	4		527		(3)	1		4,183		(19)	5
Other debt securities		—		—	—		947		(33)	1		947		(33)	1
Mortgage-backed securities (GSEs)		13,208		(194)	10		19,988		(232)	31		33,196		(426)	41
Total	$	19,836	$	(253)	16	$	27,449	$	(281)	35	$	47,285	$	(534)	51

Schedule of Other Investments

The following is the amortized cost and carrying value of other investments (in thousands):

	December 31,		December 31,
	2020		2019
Federal Reserve Bank stock	$	8,606	$	7,917
Federal Home Loan Bank stock		5,838		4,646
First National Bankers Bank stock		350		350
Total	$	14,794	$	12,913