Securities (Tables)

12 Months Ended

Dec. 31, 2020

Investments Debt And Equity Securities [Abstract]

Schedule of Amortized Cost, Fair Value, and Corresponding Amounts of Gross Unrealized Gains and Losses for Available for Sale Securities

The following table summarizes the amortized cost, fair value, and the corresponding amounts of gross unrealized gains and losses for available for sale securities at December 31, 2020 and December 31, 2019:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(Dollars in thousands)
As of December 31, 2020:
Available for sale:
U.S. Government sponsored agency securities	$	1,000	$	5	$	—		$	1,005
Mortgage-backed securities: residential		19,281		430		(7	)		19,704
Collateralized mortgage obligations: residential		70,318		814		(50	)		71,082
Total available for sale	$	90,599	$	1,249	$	(57	)	$	91,791

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(Dollars in thousands)
As of December 31, 2019:
Available for sale:
U.S. Government sponsored agency securities	$	5,000	$	2	$	(1	)	$	5,001
Mortgage-backed securities: residential		15,559		94		(12	)		15,641
Collateralized mortgage obligations: residential		35,723		243		(59	)		35,907
Total available for sale	$	56,282	$	339	$	(72	)	$	56,549

Schedule of Amortized Cost and Estimated Fair Value of Securities Available for Sale by Contractual Maturity

There were no sales of securities available for sale during the years ended December 31, 2020 and 2019. The amortized cost and estimated fair value of securities available for sale at December 31, 2020, by contractual maturity, are shown below. Securities without a contractual maturity are shown separately.

	Amortized Cost		Fair Value
	(Dollars in thousands)
As of December 31, 2020:
Available for sale:
Within one year	$	1,000	$	1,005
Mortgage-backed securities: residential		19,281		19,704
Collateralized mortgage obligations: residential		70,318		71,082
Total available for sale	$	90,599	$	91,791

Schedule of Securities With Unrealized Losses Aggregated by Length of Time in Continuous Unrealized Loss Position

The following table summarizes securities with unrealized losses at December 31, 2020 and December 31, 2019, aggregated by length of time in a continuous unrealized loss position:

	Less Than 12 Months					12 Months or Longer				Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(Dollars in thousands)
As of December 31, 2020:
Available for sale:
Mortgage-backed securities:    residential	$	3,089	$	(7	)	$	—	$	—	$	3,089	$	(7	)
Collateralized mortgage obligations:    residential		13,593		(50	)		—		—		13,593		(50	)
Total available for sale	$	16,682	$	(57	)	$	—	$	—	$	16,682	$	(57	)

	Less Than 12 Months					12 Months or Longer					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
	(Dollars in thousands)
As of December 31, 2019:
Available for sale:
U.S. Government sponsored    agency securities	$	—	$	—		$	1,999	$	(1	)	$	1,999	$	(1	)
Mortgage-backed securities:    residential		—		—			3,254		(12	)		3,254		(12	)
Collateralized mortgage obligations:    residential		8,878		(29	)		3,658		(30	)		12,536		(59	)
Total available for sale	$	8,878	$	(29	)	$	8,911	$	(43	)	$	17,789	$	(72	)

Schedule of Other Investments

Other investments at December 31, 2020 and December 31, 2019, consisted of the following:

	December 31, 2020		December 31, 2019
	(Dollars in thousands)
FHLB stock	$	6,043	$	5,358
PCBB stock		190		190
Mutual fund - CRA qualified		3,773		3,628
Total other investments	$	10,006	$	9,176