Securities (Tables)

3 Months Ended

Mar. 31, 2021

Securities

Schedule of amortized cost and fair values of securities held-to-maturity and securities available-for-sale

	March 31, 2021
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(In thousands)	Cost		Gains		(Losses)		Value
Held-to-maturity
Securities of state and local municipalities tax exempt	$	264	$	8	$	—	$	272
Total Held-to-maturity Securities	$	264	$	8	$	—	$	272
Available-for-sale
Securities of state and local municipalities tax exempt	$	2,396	$	70	$	—	$	2,466
Securities of state and local municipalities taxable		747		7		—		754
Corporate bonds		13,972		155		(65)		14,062
SBA pass-through securities		121		1		—		122
Mortgage-backed securities		95,325		2,065		(1,136)		96,254
Collateralized mortgage obligations		21,055		467		(76)		21,446
Total Available-for-sale Securities	$	133,616	$	2,765	$	(1,277)	$	135,104

	December 31, 2020
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(In thousands)	Cost		Gains		(Losses)		Value
Held-to-maturity
Securities of state and local municipalities tax exempt	$	264	$	10	$	—	$	274
Total Held-to-maturity Securities	$	264	$	—	$	—	$	274
Available-for-sale
Securities of state and local municipalities tax exempt	$	3,398	$	95	$	—	$	3,493
Securities of state and local municipalities taxable		804		14		—		818
Corporate bonds		12,974		80		(237)		12,817
SBA pass-through securities		138		3		—		141
Mortgage-backed securities		81,296		2,479		(61)		83,714
Collateralized mortgage obligations		24,476		718		(26)		25,168
Total Available-for-sale Securities	$	123,086	$	3,389	$	(324)	$	126,151

Schedule of available-for-sale securities that have been in a continuous unrealized loss position

	Less Than 12 Months				12 Months or Longer				Total
(In thousands)	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
At March 31, 2021	Value		Losses		Value		Losses		Value		Losses
Corporate bonds	$	1,976	$	(24)	$	2,184	$	(41)	$	4,160	$	(65)
Mortgage-backed securities		43,337		(1,136)		—		—		43,337		(1,136)
Collateralized mortgage obligations		3,930		(76)		—		—		3,930		(76)
Total	$	49,243	$	(1,236)	$	2,184	$	(41)	$	51,427	$	(1,277)

	Less Than 12 Months				12 Months or Longer				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
At December 31, 2020	Value		Losses		Value		Losses		Value		Losses
Corporate bonds	$	4,240	$	(10)	$	2,000	$	(227)	$	6,240	$	(237)
Mortgage-backed securities		17,504		(61)		—		—		17,504		(61)
Collateralized mortgage obligations		2,098		(26)		—		—		2,098		(26)
Total	$	23,842	$	(97)	$	2,000	$	(227)	$	25,842	$	(324)

Schedule of amortized cost and fair value of held-to-maturity securities and available-for-sale securities by contractual maturity

	March 31, 2021
	Held-to-maturity				Available-for-sale
	Amortized		Fair		Amortized		Fair
(In thousands)	Cost		Value		Cost		Value
After 1 year through 5 years	$	—	$	—	$	4,020	$	4,044
After 5 years through 10 years		264		272		26,993		27,761
After 10 years		—		—		102,603		103,299
Total	$	264	$	272	$	133,616	$	135,104