Investment Securities (Tables)

3 Months Ended

Mar. 31, 2020

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and fair value of investment securities

	March 31, 2020
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(in thousands)	Cost		Gains		(Losses)		Value
Available for Sale:
U.S. Government Agency - SBA pools	$	2,148	$	6	$	(9)	$	2,145
U.S. Agency Mortgage-Backed Securities		3,653		101		(7)		3,747
Total Available for Sale	$	5,801	$	107	$	(16)	$	5,892
Held to Maturity:
U.S. Agency Mortgage-Backed Securities	$	357	$	5	$	(1)	$	361

	December 31, 2019
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(in thousands)	Cost		Gains		(Losses)		Value
Available for Sale:
U.S. Government Agency - SBA pools	$	2,274	$	6	$	(10)	$	2,270
U.S. Agency Mortgage-Backed Securities	$	3,908		48		(16)		3,940
Total Available for Sale	$	6,182	$	54	$	(26)	$	6,210
Held to Maturity:
U.S. Agency Mortgage-Backed Securities	$	389	$	2	$	(3)	$	388

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		101		97
After Five Years Through Ten Years		1,300		1,338
After Ten Years		4,400		4,457
	$	5,801	$	5,892
Held to Maturity:
After Five Years Through Ten Years	$	207	$	210
After Ten Years		150		151
	$	357	$	361

Schedule of unrealized loss position of investment securities

	March 31, 2020
	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	$	1,166	$	9	$	—	$	—	$	1,166	$	9
U.S. Agency Mortgage-Backed Securities		96		3		324		4		420		7
Total Available for Sale	$	1,262	$	12	$	324	$	4	$	1,586	$	16
Held to Maturity:
U.S. Agency Mortgage-Backed Securities	$	—	$	—	$	94	$	1	$	94	$	1

	December 31, 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	$	1,277	$	10	$	—	$	—	$	1,277	$	10
U.S. Agency Mortgage-Backed Securities		—		—		1,043		16		1,043		16
Total Available for Sale	$	1,277	$	10	$	1,043	$	16	$	2,320	$	26
Held to Maturity:
U.S. Agency Mortgage-Backed Securities	$	—	$	—	$	103	$	3	$	103	$	3