XML 36 R25.htm IDEA: XBRL DOCUMENT v3.21.2
Securities (Tables)
 9 Months Ended
Sep. 30, 2021
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost, Corresponding Amounts of Gross Unrealized Gains and Losses and Estimated Fair Value of AFS Debt Securities
The following table summarizes the amortized cost, the corresponding amounts of gross unrealized gains and losses, and estimated fair value of AFS debt securities as of September 30, 2021 and December 31, 2020:
September 30, 2021
($ in thousands)
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Available-for-sale debt securities    
U.S. Government agencies or sponsored agency securities:    
Residential mortgage-backed securities$27,094 $256 $(136)$27,214 
Residential collateralized mortgage obligations75,471 432 (582)75,321 
Total available-for-sale debt securities$102,565 $688 $(718)$102,535 
December 31, 2020
($ in thousands)
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Available-for-sale debt securities    
U.S. Government-sponsored agency securities$1,000 $5 $— $1,005 
U.S. Government agencies or sponsored agency securities:
Residential mortgage-backed securities$19,281 $430 $(7)$19,704 
Residential collateralized mortgage obligations70,318 814 (50)71,082 
Total available-for-sale debt securities$90,599 $1,249 $(57)$91,791 
Schedule of Amortized Cost and Estimated Fair Value of AFS Debt Securities by Contractual Maturity The amortized cost and estimated fair value of AFS debt securities at September 30, 2021, by contractual maturity, are shown below.
($ in thousands)
Amortized
Cost
Fair
Value
Available-for-sale debt securities  
U.S. Government agencies or sponsored agency securities:  
After one year through five years$732 $766 
After five years through ten years3,990 4,133 
After ten years97,843 97,636 
Total available-for-sale debt securities$102,565 $102,535 
Schedule of Fair Value and Associated Gross Unrealized Losses on AFS Debt Securities by Length of Time in Continuous Loss
The following table presents the fair value and the associated gross unrealized losses on AFS debt securities by length of time those individual securities in each category have been in a continuous loss at September 30, 2021 and December 31, 2020:
($ in thousands)
September 30, 2021
Less Than 12 Months 12 Months or Longer Total
Fair
Value
Gross Unrealized
Losses
Fair
Value
Gross Unrealized
Losses
Fair
Value
Gross Unrealized
Losses
Available-for-sale debt securities      
U.S. Government agencies or sponsored agency securities:
      
Residential mortgage-backed securities$20,201 $(136)$— $— $20,201 $(136)
Residential collateralized mortgage obligations
47,696 (562)2,626 (20)50,322 (582)
Total available-for-sale debt securities$67,897 $(698)$2,626 $(20)$70,523 $(718)
($ in thousands)
December 31, 2020
Less Than 12 Months 12 Months or LongerTotal
Fair
Value
Gross Unrealized
Losses
Fair
Value
Gross Unrealized
Losses
Fair
Value
Gross Unrealized
Losses
Available-for-sale debt securities
U.S. Government agencies or sponsored agency securities:
Residential mortgage-backed securities$3,089 $(7)$— $— $3,089 $(7)
Residential collateralized mortgage obligations
13,593 (50)— — 13,593 (50)
Total available-for-sale debt securities$16,682 $(57)$— $— $16,682 $(57)
Schedule of Other Investments Securities The following table presents the other investment securities, which are included in Other investments on the Consolidated Balance Sheet as of September 30, 2021 and December 31, 2020:
($ in thousands)September 30,
2021		December 31,
2020
Federal Home Loan Bank stock$7,005 $6,043 
Pacific Coast Bankers Bank stock190 190 
Mutual fund - CRA qualified3,734 3,773 
Total other investment securities$10,929 $10,006