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Investments (Tables)
 12 Months Ended
Dec. 31, 2019
Investments [Abstract]  
Available-for-sale Securities
The following tables summarize the amortized cost and fair value of investments available-for-sale at December 31, 2019 and 2018, and the corresponding amounts of gross unrealized gains and losses. 
 
December 31, 2019
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair Value
 
(In thousands)
Mortgage-backed investments:
 
 
 
 
 
 
 
Fannie Mae
$
15,605

 
$
128

 
$
(104
)
 
$
15,629

Freddie Mac
4,196

 
96

 
—

 
4,292

Ginnie Mae
23,239

 
140

 
(329
)
 
23,050

Other
11,407

 
66

 
(25
)
 
11,448

Municipal bonds
10,675

 
272

 
(36
)
 
10,911

U.S. Government agencies
46,672

 
13

 
(935
)
 
45,750

Corporate bonds
25,500

 
372

 
(351
)
 
25,521

 
$
137,294

 
$
1,087

 
$
(1,780
)
 
$
136,601

 
December 31, 2018
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair Value
 
(In thousands)
Mortgage-backed investments:
 
 
 
 
 
 
 
Fannie Mae
$
24,276

 
$
24

 
$
(657
)
 
$
23,643

Freddie Mac
6,351

 
10

 
(74
)
 
6,287

Ginnie Mae
23,311

 
—

 
(1,250
)
 
22,061

Other
8,983

 
17

 
(21
)
 
8,979

Municipal bonds
10,615

 
49

 
(120
)
 
10,544

U.S. Government agencies
48,190

 
73

 
(825
)
 
47,438

Corporate bonds
23,490

 
399

 
(671
)
 
23,218

 
$
145,216

 
$
572

 
$
(3,618
)
 
$
142,170
Schedule of Available for sale Securities, Debt Maturities
Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Investments not due at a single maturity date, primarily mortgage‑backed investments are shown separately.
 
December 31, 2019
 
Amortized Cost
 
Fair Value
 
(In thousands)
Due within one year
$
496

 
$
498

Due after one year through five years
6,597

 
6,738

Due after five years through ten years
18,664

 
18,613

Due after ten years
57,090

 
56,333

 
82,847

 
82,182

Mortgage-backed investments
54,447

 
54,419

 
$
137,294

 
$
136,601
Gain (Loss) on Investments
Sales and other redemptions of available-for-sale investments were as follows: 
 
Year Ended December 31,
 
2019
 
2018
 
(In thousands)
Proceeds
$
14,260

 
$
17,159

Gross gains
190

 
9

Gross losses
(39
)
 
(29
)
Schedule of Available for sale Securities in Continuous Unrealized Loss positions
The following tables summarize the aggregate fair value and gross unrealized loss by length of time those investments have been continuously in an unrealized loss position at December 31, 2019 and 2018.
 
December 31, 2019
 
Less Than 12 Months
 
12 Months or Longer
 
Total
 
Fair Value
 
Unrealized
Loss
 
Fair Value
 
Unrealized
Loss
 
Fair Value
 
Unrealized
Loss
 
(In thousands)
Mortgage-backed investments:
 
 
 
 
 
 
 
 
 
 
 
Fannie Mae
$
8,340

 
$
(104
)
 
$
—

 
$
—

 
$
8,340

 
$
(104
)
Freddie Mac
—

 
—

 
—

 
—

 
—

 
—

Ginnie Mae
156

 
—

 
12,921

 
(329
)
 
13,077

 
(329
)
Other
2,843

 
(7
)
 
6,000

 
(18
)
 
8,843

 
(25
)
Municipal bonds
3,257

 
(36
)
 
—

 
—

 
3,257

 
(36
)
U.S. Government agencies
12,266

 
(201
)
 
31,490

 
(734
)
 
43,756

 
(935
)
Corporate bonds
1,996

 
(12
)
 
7,161

 
(339
)
 
9,157

 
(351
)
 
$
28,858

 
$
(360
)
 
$
57,572

 
$
(1,420
)
 
$
86,430

 
$
(1,780
)

 
December 31, 2018
 
Less Than 12 Months
 
12 Months or Longer
 
Total
 
Fair Value
 
Unrealized
Loss
 
Fair Value
 
Unrealized
Loss
 
Fair Value
 
Unrealized
Loss
 
(In thousands)
Mortgage-backed investments:
 
 
 
 
 
 
 
 
 
 
 
Fannie Mae
$
5,480

 
$
(32
)
 
$
16,721

 
$
(625
)
 
$
22,201

 
$
(657
)
Freddie Mac
1,994

 
(23
)
 
3,185

 
(51
)
 
5,179

 
(74
)
Ginnie Mae
2,867

 
(8
)
 
19,194

 
(1,242
)
 
22,061

 
(1,250
)
Other
6,008

 
(21
)
 
—

 
—

 
6,008

 
(21
)
Municipal bonds
4,161

 
(46
)
 
934

 
(74
)
 
5,095

 
(120
)
U.S. Government agencies
5,985

 
(13
)
 
30,779

 
(812
)
 
36,764

 
(825
)
Corporate bonds
—

 
—

 
6,828

 
(671
)
 
6,828

 
(671
)
 
$
26,495

 
$
(143
)
 
$
77,641

 
$
(3,475
)
 
$
104,136

 
$
(3,618
)