Investment Securities (Tables)

9 Months Ended

Sep. 30, 2019

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and fair value of investment securities

	September 30, 2019
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(in thousands)	Cost		Gains		(Losses)		Value
Available for Sale:
U.S. Government Agency - SBA pools	$	2,441	$	8	$	(9)	$	2,440
U.S. Agency Mortgage-Backed Securities		4,246		44		(20)		4,270
Total Available for Sale	$	6,687	$	52	$	(29)	$	6,710
Held to Maturity:
U.S. Agency Mortgage-Backed Securities	$	425	$	1	$	(4)	$	422

	December 31, 2018
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(in thousands)	Cost		Gains		(Losses)		Value
Available for Sale:
U.S. Government Agency - SBA pools	$	—	$	—	$	—	$	—
U.S. Agency Mortgage-Backed Securities		4,260		38		(77)		4,221
Total Available for Sale	$	4,260	$	38	$	(77)	$	4,221
Held to Maturity:
Mortgage-Backed Securities	$	518	$	1	$	(12)	$	507

Schedule of contractual maturity of investment securities

	Amortized		Fair
(in thousands)	Cost		Value
Available for Sale:
Within One Year	$	—	$	—
After One Year Through Five Years		129		129
After Five Years Through Ten Years		1,480		1,479
After Ten Years		5,078		5,102
	$	6,687	$	6,710
Held to Maturity:
After Five Years Through Ten Years	$	238	$	237
After Ten Years		187		185
	$	425	$	422

Schedule of unrealized loss position of investment securities

	September 30, 2019
	Less Than 12 Months				12 Months or Longer				Total
			Unrealized				Unrealized				Unrealized
(in thousands)	Fair Value		Loss		Fair Value		Loss		Fair Value		Loss
Available for Sale:
U.S. Government Agency - SBA pools	$	1,434	$	9	$	—	$	—	$	1,434	$	9
U.S. Agency Mortgage-Backed Securities		1,634		3		1,258		17		2,892		20
Total Available for Sale	$	3,068	$	12	$	1,258	$	17	$	4,326	$	29
Held to Maturity:
U.S. Agency Mortgage-Backed Securities	$	—	$	—	$	352	$	4	$	352	$	4

	December 31, 2018
	Less Than 12 Months				12 Months or Longer				Total
			Unrealized				Unrealized				Unrealized
(in thousands)	Fair Value		Loss		Fair Value		Loss		Fair Value		Loss
Available for Sale:
Mortgage-Backed Securities	$	549	$	3	$	2,526	$	74	$	3,075	$	77
Held to Maturity:
Mortgage-Backed Securities	$	—	$	—	$	418	$	12	$	418	$	12