Investment securities available for sale (Tables)

12 Months Ended

Dec. 31, 2021

Investment securities available for sale

Schedule of amortized cost and fair value of investment securities available for sale

The amortized cost and fair value of investment securities available for sale as of December 31, 2021 and 2020 are as follows (in thousands):

			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
December 31, 2021
U.S. Government agency obligations	$	41,513	$	22	$	(536)	$	40,999
Mortgage-backed securities		40,806		302		(613)		40,495
Municipals		2,271		—		(62)		2,209
Subordinated debt		11,016		90		(110)		10,996
	$	95,606	$	414	$	(1,321)	$	94,699
December 31, 2020
U.S. Government agency obligations	$	8,048	$	94	$	—	$	8,142
Mortgage-backed securities		23,412		645		(51)		24,006
Subordinated debt		8,795		37		(136)		8,696
	$	40,255	$	776	$	(187)	$	40,844

Schedule of gross realized gains and losses pertaining to available for sale securities

Gross realized gains and losses pertaining to available for sale securities are detailed as follows for the years ended December 31, 2021 and 2020 (in thousands):

	Year Ended
	December 31,
	2021		2020
Gross realized gains	$	—	$	54
Gross realized losses		—		(42)
	$	—	$	12

Schedule of investment securities available for sale

Investment securities available for sale that had an unrealized loss position at December 31, 2021 and December 31, 2020 are detailed below (in thousands):

	Securities in a loss				Securities in a loss
	position for less than				position for more than
	12 Months				12 Months				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
December 31, 2021
U.S. Government agency obligations	$	39,617	$	(536)	$	—	$	—	$	39,617	$	(536)
Mortgage-backed securities		21,911		(448)		4,518		(165)		26,429		(613)
Municipals		2,208		(62)		—		—		2,208		(62)
Subordinated debt		919		(80)		470		(30)		1,389		(110)
	$	64,655	$	(1,126)	$	4,988	$	(195)	$	69,643	$	(1,321)
December 31, 2020
Mortgage-backed securities		5,475		(51)		—		—		5,475		(51)
Subordinated debt		1,747		(11)		2,807		(125)		4,554		(136)
	$	7,222	$	(62)	$	2,807	$	(125)	$	10,029	$	(187)

Schedule of investment by contractual maturity

The amortized cost and estimated fair value of investment securities available for sale as of December 31, 2021, by contractual maturity, are as follows (in thousands):

	Amortized
	Cost		Fair Value
One to five years	$	40,787	$	40,267
Five to ten years		16,062		16,226
More than ten years		38,757		38,206
Total	$	95,606	$	94,699