Available-for-Sale Securities (Tables)

6 Months Ended

Jun. 30, 2021

Investments Debt And Equity Securities [Abstract]

Amortized Cost, Gross Unrealized Gains and Losses, and Fair Value of Securities

The amortized cost, gross unrealized gains and losses, and fair value of securities at June 30, 2021 and December 31, 2020 are summarized as follows:

	June 30, 2021
			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
	(Dollars in thousands)
Available-for-Sale Securities:
U.S. Government Bonds	$	2,979	$	8	$	—		$	2,987
Corporate Bonds		13,410		166		(2	)		13,574
Mortgage-Backed Securities:
Collateralized Mortgage Obligations (1)		16,119		26		(183	)		15,962
FNMA Certificates		15,831		9		(58	)		15,782
GNMA Certificates		223		8		—			231
Total available-for-sale securities	$	48,562	$	217	$	(243	)	$	48,536
Held-to-Maturity Securities:
FHLMC Certificates	$	1,720	$	—	$	(49	)	$	1,671
Total held-to-maturity securities	$	1,720	$	—	$	(49	)	$	1,671

	December 31, 2020
			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
	(Dollars in thousands)
Available-for-Sale Securities:
Corporate Bonds	$	10,381	$	95	$	(13	)	$	10,463
Mortgage-Backed Securities:
FHLMC Certificates		3,201		—		(5	)		3,196
FNMA Certificates		3,506		61		—			3,567
GNMA Certificates		263		9		—			272
Total available-for-sale securities	$	17,351	$	165	$	(18	)	$	17,498
Held-to-Maturity Securities:
FHLMC Certificates	$	1,743	$	—	$	(21	)	$	1,722
Total held-to-maturity securities	$	1,743	$	—	$	(21	)	$	1,722

Company's Securities' Gross Unrealized Losses and Fair Values, Aggregated by Length of Time Individual Securities Have Been in a Continuous Unrealized Loss Position

Note 4.Available-for-Sale Securities (Continued)

The following table presents the Company's gross unrealized losses and fair values of its securities, aggregated by the length of time the individual securities have been in a continuous unrealized loss position, at June 30, 2021 and December 31, 2020:

	June 30, 2021
	Securities With Gross Unrealized Losses
	Less Than 12 Months					12 Months or More				Total		Total
	Fair		Unrealized			Fair		Unrealized		Fair		Unrealized
	Value		Losses			Value		Losses		Value		Losses
	(Dollars in thousands)
Available-for-Sale Securities:
Corporate Bonds	$	446	$	(2	)	$	—	$	—	$	446	$	(2	)
Mortgage-Backed
Collateralized Mortgage Obligations		11,079		(183	)		—		—		11,079		(183	)
FNMA Certificates		13,601		(58	)		—		—		13,601		(58	)
Total available-for-sale securities	$	25,126	$	(243	)	$	—	$	—	$	25,126	$	(243	)
Held-to-Maturity Securities:
FHLMC Certificates	$	1,671	$	(49	)	$	—	$	—	$	1,671	$	(49	)
Total held-to-maturity securities	$	1,671	$	(49	)	$	—	$	—	$	1,671	$	(49	)

	December 31, 2020
	Securities With Gross Unrealized Losses
	Less Than 12 Months					12 Months or More				Total		Total
	Fair		Unrealized			Fair		Unrealized		Fair		Unrealized
	Value		Losses			Value		Losses		Value		Losses
	(Dollars in thousands)
Available-for-Sale Securities:
Corporate Bonds	$	1,717	$	(13	)	$	—	$	—	$	1,717	$	(13	)
Mortgage-Backed
FHLMC Certificates		3,196		(5	)		—		—		3,196		(5	)
Total available-for-sale securities	$	4,913	$	(18	)	$	—	$	—	$	4,913	$	(18	)
Held-to-Maturity Securities:
FHLMC Certificates	$	1,722	$	(21	)	$	—	$	—	$	1,722	$	(21	)
Total held-to-maturity securities	$	1,722	$	(21	)	$	—	$	—	$	1,722	$	(21	)

Summary of Maturities of Securities

The following is a summary of maturities of securities at June 30, 2021 and December 31, 2020. Amounts are shown by contractual maturity. Because borrowers for mortgage-backed securities have the right to prepay obligations with or without prepayment penalties, at any time, these securities are included as a total within the table.

	June 30, 2021
	Amortized		Fair
	Cost		Value
	(Dollars in thousands)
Available-for-Sale Securities:
U.S. Government Bonds:
Amounts maturing:
Three months or less	$	—	$	—
After three months through one year		—		—
After one year through five years		2,979		2,987
More than five years through ten years		—		—
		2,979		2,987
Corporate Bonds:
Amounts maturing:
Three months or less	$	—	$	—
After three months through one year		—		—
After one year through five years		2,660		2,702
More than five years through ten years		10,750		10,872
		13,410		13,574
Mortgage-Backed Securities		32,173		31,975
Total available-for-sale securities	$	48,562	$	48,536
Held-to-Maturity Securities:
FHLMC Certificates	$	1,720	$	1,671
Total held-to-maturity securities	$	1,720	$	1,671

	December 31, 2020
	Amortized		Fair
	Cost		Value
	(Dollars in thousands)
Available-for-Sale Securities:
Corporate Bonds:
Amounts maturing:
Three months or less	$	—	$	—
After three months through one year		—		—
After one year through five years		2,651		2,728
More than five years through ten years		7,730		7,735
		10,381		10,463
Mortgage-Backed Securities		6,970		7,035
Total available-for-sale securities	$	17,351	$	17,498
Held-to-Maturity Securities:
FHLMC Certificates	$	1,743	$	1,722
Total held-to-maturity securities	$	1,743	$	1,722