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Investment Securities (Tables)
 9 Months Ended
Sep. 30, 2019
Investments, Debt and Equity Securities [Abstract]  
Comparison of amortized cost and fair value of securities available for sale
Following is a comparison of the amortized cost and fair value of securities available-for-sale, as of September 30, 2019 and December 31, 2018:
(in 000's)
 Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value (Carrying Amount)
September 30, 2019
 
 
 
Securities available-for-sale:
 
 
 
U.S. Government agencies
$
31,199

 
$
159

 
$
(192
)
 
$
31,166

U.S. Government sponsored entities & agencies collateralized by mortgage obligations
46,876

 
151

 
(329
)
 
46,698

Total securities available for sale
$
78,075

 
$
310

 
$
(521
)
 
$
77,864

(in 000's)
 Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value (Carrying Amount)
December 31, 2018
 
 
 
Securities available-for-sale:
 
 
 
U.S. Government agencies
$
36,665

 
$
117

 
$
(255
)
 
$
36,527

U.S. Government sponsored entities & agencies collateralized by mortgage obligations
30,289

 
51

 
(441
)
 
29,899

Total securities available for sale
$
66,954

 
$
168

 
$
(696
)
 
$
66,426
Contractual maturities on collateralized mortgage obligation
The amortized cost and fair value of securities available for sale at September 30, 2019, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because issuers have the right to call or prepay obligations with or without call or prepayment penalties. Contractual maturities on collateralized mortgage obligations cannot be anticipated due to allowed paydowns.
 
September 30, 2019
 
Amortized Cost
 
Fair Value (Carrying Amount)
(in 000's)
 
Due in one year or less
$
—

 
$
—

Due after one year through five years
—

 
—

Due after five years through ten years
4,059

 
4,051

Due after ten years
27,140

 
27,115

Collateralized mortgage obligations
46,876

 
46,698

 
$
78,075

 
$
77,864
Temporarily impaired investment securities
The following summarizes temporarily impaired investment securities:
(in 000's)
Less than 12 Months
 
12 Months or More
 
Total
September 30, 2019
Fair Value (Carrying Amount)
 
 Unrealized Losses
 
Fair Value (Carrying Amount)
 
 Unrealized Losses
 
Fair Value (Carrying Amount)
 
 Unrealized Losses
Securities available for sale:
 
 
 
 
 
U.S. Government agencies
$
4,103

 
$
(7
)
 
17,270

 
(185
)
 
$
21,373

 
$
(192
)
U.S. Government sponsored entities & agencies collateralized by mortgage obligations
17,923

 
(178
)
 
12,311

 
(151
)
 
30,234

 
(329
)
Total impaired securities
$
22,026

 
$
(185
)
 
$
29,581

 
$
(336
)
 
$
51,607

 
$
(521
)
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2018
 

 
 

 
 

 
 

 
 

 
 

Securities available for sale:
 

 
 

 
 

 
 

 
 

 
 

U.S. Government agencies
$
19,085

 
$
(148
)
 
$
6,874

 
$
(107
)
 
$
25,959

 
$
(255
)
U.S. Government sponsored entities & agencies collateralized by mortgage obligations
—

 
—

 
16,681

 
(441
)
 
16,681

 
(441
)
Total impaired securities
$
19,085

 
$
(148
)
 
$
23,555

 
$
(548
)
 
$
42,640

 
$
(696
)