Investments (Tables)

3 Months Ended

Mar. 31, 2020

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-sale Securities Reconciliation

The following tables present the amortized costs, unrealized gains, unrealized losses, and estimated fair values of securities available-for-sale at March 31, 2020 and December 31, 2019:

	March 31, 2020
							Estimated
	Amortized		Unrealized		Unrealized		Fair
SECURITIES AVAILABLE-FOR-SALE	Cost		Gains		Losses		Values
U.S. agency securities	$	6,991	$	136	$	—	$	7,127
Corporate securities		19,858		144		(151)		19,851
Municipal bonds		31,062		475		(131)		31,406
Mortgage-backed securities		74,503		2,271		(41)		76,733
U.S. Small Business Administration securities		20,684		672		(7)		21,349
Total securities available-for-sale	$	153,098	$	3,698	$	(330)	$	156,466

	December 31, 2019
							Estimated
	Amortized		Unrealized		Unrealized		Fair
SECURITIES AVAILABLE-FOR-SALE	Cost		Gains		Losses		Values
U.S. agency securities	$	8,986	$	95	$	(15)	$	9,066
Corporate securities		10,525		52		(7)		10,570
Municipal bonds		20,516		604		—		21,120
Mortgage-backed securities		62,745		405		(300)		62,850
U.S. Small Business Administration securities		22,281		191		(21)		22,451
Total securities available-for-sale	$	125,053	$	1,347	$	(343)	$	126,057

Schedule of Unrealized Loss on Investments

Investment securities that were in an unrealized loss position at March 31, 2020 and December 31, 2019 are presented in the following tables, based on the length of time individual securities have been in an unrealized loss position. Management believes that these securities are only temporarily impaired due to changes in market interest rates or the widening of market spreads subsequent to the initial purchase of the securities, and not due to concerns regarding the underlying credit of the issuers or the underlying collateral.

	March 31, 2020
	Less than 12 Months				12 Months or Longer				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
SECURITIES AVAILABLE-FOR-SALE	Value		Losses		Value		Losses		Value		Losses
Corporate securities	$	7,729	$	(151)	$	—	$	—	$	7,729	$	(151)
Municipal bonds		10,285		(131)		—		—		10,285		(131)
Mortgage-backed securities		4,578		(19)		2,411		(22)		6,989		(41)
U.S. Small Business Administration securities		1,955		(7)		—		—		1,955		(7)
Total	$	24,547	$	(308)	$	2,411	$	(22)	$	26,958	$	(330)

	December 31, 2019
	Less than 12 Months				12 Months or Longer				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
SECURITIES AVAILABLE-FOR-SALE	Value		Losses		Value		Losses		Value		Losses
U.S. agency securities	$	2,977	$	(15)	$	—	$	—	$	2,977	$	(15)
Corporate securities		1,993		(7)		—		—		1,993		(7)
Mortgage-backed securities		12,345		(154)		11,459		(146)		23,804		(300)
U.S. Small Business Administration securities		4,395		(21)		—		—		4,395		(21)
Total	$	21,710	$	(197)	$	11,459	$	(146)	$	33,169	$	(343)

Schedule of Available for Sale Securities by Contractual Maturity

The contractual maturities of securities available-for-sale at March 31, 2020 and December 31, 2019 are listed below. Expected maturities of mortgage-backed securities may differ from contractual maturities because borrowers may have the right to call or prepay the obligations; therefore, these securities are classified separately with no specific maturity date.

	March 31, 2020				December 31, 2019
	Amortized		Fair		Amortized		Fair
U.S. agency securities	Cost		Value		Cost		Value
Due after one year through five years	$	992	$	1,068	$	996	$	1,036
Due after five years through ten years		3,999		4,041		3,997		4,027
Due after ten years		2,000		2,018		3,993		4,003
Subtotal		6,991		7,127		8,986		9,066
Corporate securities
Due in one year or less		5,024		5,003		5,034		5,044
Due after one year through five years		5,854		5,763		3,491		3,532
Due after five years through ten years		8,980		9,085		2,000		1,994
Subtotal		19,858		19,851		10,525		10,570
Municipal bonds
Due after one year through five years		3,768		3,680		3,774		3,833
Due after five years through ten years		5,215		5,301		3,162		3,307
Due after ten years		22,079		22,425		13,580		13,980
Subtotal		31,062		31,406		20,516		21,120
Mortgage-backed securities
Federal National Mortgage Association (“FNMA”)		51,139		52,933		42,131		42,333
Federal Home Loan Mortgage Corporation (“FHLMC”)		17,698		18,083		15,250		15,179
Government National Mortgage Association (“GNMA”)		5,666		5,717		5,364		5,338
Subtotal		74,503		76,733		62,745		62,850
U.S. Small Business Administration securities
Due after one year through five years		1,186		1,210		1,546		1,555
Due after five years through ten years		10,467		10,787		11,500		11,598
Due after ten years		9,031		9,352		9,235		9,298
Subtotal		20,684		21,349		22,281		22,451
Total	$	153,098	$	156,466	$	125,053	$	126,057