Investment Securities (Tables)

9 Months Ended

Sep. 30, 2020

Available For Sale Securities [Abstract]

Schedule of Investment Securities Available-for-Sale

Investment securities available-for-sale was comprised of the following:

	September 30, 2020
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Treasury Securities	$	75,000	$	—	$	—		$	75,000
Collateralized Mortgage Backed		12,306		339		(2	)		12,643
Subordinated Debt		3,000		54		(1	)		3,053
Municipal Securities		20,337		1,072		(39	)		21,370
U.S. Governmental Agencies		6,941		—		(163	)		6,778
Total	$	117,584	$	1,465	$	(205	)	$	118,844

Investment securities available-for-sale was comprised of the following:

	December 31, 2019
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Treasury Securities	$	49,999	$	—	$	(1	)	$	49,998
Collateralized Mortgage Backed		17,659		82		(68	)		17,673
Subordinated Debt		2,500		55		(1	)		2,554
Municipal Securities		13,888		743		—			14,631
U.S. Governmental Agencies		8,135		—		(200	)		7,935
Total	$	92,181	$	880	$	(270	)	$	92,791

Schedule of Investment Securities Held-to-Maturity

Investment securities held-to-maturity was comprised of the following:

	September 30, 2020
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Municipal Securities	$	20,609	$	1,021	$	—	$	21,630
Subordinated Debt		2,505		—		—		2,505
Total	$	23,114	$	1,021	$	—	$	24,135

Investment securities held-to-maturity was comprised of the following:

	December 31, 2019
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Municipal Securities	$	22,414	$	766	$	(2	)	$	23,178
Subordinated Debt		1,500		—		—			1,500
Total	$	23,914	$	766	$	(2	)	$	24,678

Schedule of Scheduled Maturities of Securities Available-for-Sale and Held-to-Maturity

The scheduled maturities of securities available-for-sale and held-to-maturity at September 30, 2020 were as follows:

	September 30, 2020
	Available-for-Sale				Held-to-Maturity
(Dollars in thousands)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due in one year or less	$	75,002	$	75,002	$	—	$	—
Due from one to five years		—		—		2,014		2,061
Due from after five to ten years		4,011		4,091		9,416		9,868
Due after ten years		38,571		39,751		11,684		12,206
Total	$	117,584	$	118,844	$	23,114	$	24,135

Schedule of Unrealized Loss Positions of Securities Available-for-Sale and Held-to-Maturity

The following tables summarize the unrealized loss positions of securities available-for-sale and held-to-maturity as of September 30, 2020 and December 31, 2019:

	September 30, 2020
	Less than 12 Months					12 Months or Longer					Total
(Dollars in thousands)	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
Available-for-sale:
Collateralized Mortgage Backed	$	52	$	(2	)	$	—	$	—		$	52	$	(2	)
Subordinated Debt		499		(1	)		—		—			499		(1	)
Municipal securities		4,296		(39	)		—		—			4,296		(39	)
U.S Governmental Agencies		—		—			6,778		(163	)		6,778		(163	)
Total	$	4,847	$	(42	)	$	6,778	$	(163	)	$	11,625	$	(205	)

	December 31, 2019
	Less than 12 Months					12 Months or Longer					Total
(Dollars in thousands)	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
Available-for-sale:
U.S. Treasury Securities	$	49,998	$	(1	)	$	—	$	—		$	49,998	$	(1	)
Collateralized Mortgage Backed		6,223		(67	)		834		(1	)		7,057		(68	)
Subordinated Debt		499		(1	)		—		—			499		(1	)
U.S Government Agencies		—		—			7,857		(200	)		7,857		(200	)
Total	$	56,720	$	(69	)	$	8,691	$	(201	)	$	65,411	$	(270	)
Held-to-maturity:
Municipal Securities	$	537	$	(2	)	$	—	$	—		$	537	$	(2	)
Total	$	537	$	(2	)	$	—	$	—		$	537	$	(2	)