The amortized cost and fair value of securities available for sale, with unrealized gains and losses follows:

	September 30, 2020
(In thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
Obligations of U.S. Government corporations and agencies	$	60,791	$	3,040	$	(16	)	$	63,815
Obligations of states and political subdivisions		19,444		1,401		(70	)		20,775
	$	80,235	$	4,441	$	(86	)	$	84,590

	December 31, 2019
(In thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
Obligations of U.S. Government corporations and agencies	$	63,090	$	937	$	(86	)	$	63,941
Obligations of states and political subdivisions		15,054		802		(14	)		15,842
	$	78,144	$	1,739	$	(100	)	$	79,783

The amortized cost and fair value of securities available for sale, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations without penalties.

	September 30, 2020
(In thousands)	Amortized Cost		Fair Value

Due in one year or less	$	1,055	$	1,065
Due after one year through five years		16,204		17,221
Due after five years through ten years		10,396		11,032
Due after ten years		52,580		55,272
	$	80,235	$	84,590

During the nine months ended September 30, 2020 and 2019, securities purchased were $13.0 million and $18.0 million, respectively. During the nine months ended September 30, 2020 and 2019, proceeds from maturities, calls and principal payments of securities were $10.5 million and $13.9 million, respectively. During the nine months ended September 30, 2020 there were no securities sold. During the nine months ended September 30, 2019, securities sold were $6.0 million. There were no impairment losses on securities during the three and nine months ended September 30, 2020 and 2019.

The following table shows the Company’s securities with gross unrealized losses, by investment category and length of time that individual securities have been in a continuous unrealized loss position, at September 30, 2020 and December 31, 2019.

(In thousands)	Less than 12 Months					12 Months or More				Total
September 30, 2020	Fair Value		Unrealized (Losses)			Fair Value		Unrealized (Losses)		Fair Value		Unrealized (Losses)
Obligations of U.S. Government corporations and agencies	$	6,097	$	(16	)	$	-	$	-	$	6,097	$	(16	)
Obligations of states and political subdivisions		4,081		(70	)		-		-		4,081		(70	)
Total temporary impaired securities	$	10,178	$	(86	)	$	-	$	-	$	10,178	$	(86	)

(In thousands)	Less than 12 Months					12 Months or More					Total
December 31, 2019	Fair Value		Unrealized (Losses)			Fair Value		Unrealized (Losses)			Fair Value		Unrealized (Losses)
Obligations of U.S. Government corporations and agencies	$	11,460	$	(42	)	$	5,651	$	(44	)	$	17,111	$	(86	)
Obligations of states and political subdivisions		2,049		(14	)		-		-			2,049		(14	)
Total temporary impaired securities	$	13,509	$	(56	)	$	5,651	$	(44	)	$	19,160	$	(100	)

There were 12 debt securities totaling $10.1 million of aggregate fair value considered temporarily impaired at September 30, 2020. The primary cause of the temporary impairments in the Company’s investments in debt securities was fluctuations in interest rates. The Company concluded that no other-than-temporary impairment existed in its securities portfolio at September 30, 2020, and no other-than-temporary impairment loss has been recognized in net income, based primarily on the fact that changes in fair value were caused primarily by fluctuations in interest rates, there were no securities with unrealized losses that were significant relative to their carrying amounts, no securities have been in an unrealized loss position continuously for more than 12 months, securities with unrealized losses had generally high credit quality, the Company intends to hold these investments in debt securities to maturity and it is more-likely-than-not that the Company will not be required to sell these investments before a recovery of its investment, and issuers have continued to make timely payments of principal and interest. Additionally, the Company’s mortgage-backed securities are entirely issued by either U.S. government agencies or U.S. government-sponsored enterprises. Collectively, these entities provide a guarantee, which is either explicitly or implicitly supported by the full faith and credit of the U.S. government, that investors in such mortgage-backed securities will receive timely principal and interest payments.

The carrying value of securities pledged to secure deposits and for other purposes was $16.7 million and $16.6 million at September 30, 2020 and December 31, 2019, respectively.