Securities (Tables)

6 Months Ended

Jun. 30, 2019

Investments, Debt and Equity Securities [Abstract]

Schedule of Amortized Cost and Fair Values of Securities Available For Sale

The amortized cost and fair values of securities available for sale as of June 30, 2019 and December 31, 2018 were as follows (dollars in thousands):

June 30, 2019	Amortized		Gross Unrealized		Gross Unrealized			Fair
	Cost		Gains		(Losses)			Value
U.S. Government agencies	$	19,500	$	-	$	(39	)	$	19,461
Mortgage-backed securities/CMOs		26,611		23		(169	)		26,465
Municipal bonds		10,785		143		(6	)		10,922
Total Securities Available for Sale	$	56,896	$	166	$	(214	)	$	56,848
December 31, 2018	Amortized		Gross Unrealized		Gross Unrealized			Fair
	Cost		Gains		(Losses)			Value
U.S. Government agencies	$	19,500	$	-	$	(526	)	$	18,974
Mortgage-backed securities/CMOs		25,901		1		(839	)		25,063
Municipal bonds		17,608		12		(265	)		17,355
Total Securities Available for Sale	$	63,009	$	13	$	(1,630	)	$	61,392

Schedule of Unrealized Losses in the Bank's Securities Portfolio

The following table summarizes all securities with unrealized losses, segregated by length of time in a continuous unrealized loss position, at June 30, 2019, and December 31, 2018 (dollars in thousands):

June 30, 2019
	Less than 12 Months					12 Months or more					Total
			Unrealized					Unrealized					Unrealized
	Fair Value		Losses			Fair Value		Losses			Fair Value		Losses
U.S. Government agencies	$	-	$	-		$	11,961	$	(39	)	$	11,961	$	(39	)
Mortgage-backed/CMOs		4,041		(7	)		19,374		(162	)		23,415		(169	)
Municipal bonds		1,048		(5	)		503		(1	)		1,551		(6	)
	$	5,089	$	(12	)	$	31,838	$	(202	)	$	36,927	$	(214	)
December 31, 2018
	Less than 12 Months					12 Months or more					Total
			Unrealized					Unrealized					Unrealized
	Fair Value		Losses			Fair Value		Losses			Fair Value		Losses
U.S. Government agencies	$	-	$	-		$	18,974	$	(526	)	$	18,974	$	(526	)
Mortgage-backed/CMOs		-		-			24,657		(839	)		24,657		(839	)
Municipal bonds		4,983		(34	)		10,722		(231	)		15,705		(265	)
	$	4,983	$	(34	)	$	54,353	$	(1,596	)	$	59,336	$	(1,630	)