Investment Securities (Tables)

3 Months Ended

Mar. 31, 2020

Debt Securities, Available-for-sale [Abstract]

Schedule of amortized cost, gross unrealized gains and losses and fair values of available for sale securities

	March 31, 2020
			Gross		Gross
			Unrealized		Unrealized
	Amortized Cost		Gains		Losses		Fair Value
U.S. government agency mortgage-backed securities–residential	$	102,887	$	2,819	$	(7)	$	105,699
U.S. government agency securities		5,021		176		—		5,197
Municipal securities(1)		1,383		17		(25)		1,375
Corporate bonds		2,250		34		(15)		2,269
Other		540		54		—		594
Total	$	112,081	$	3,100	$	(47)	$	115,134

	December 31, 2019
U.S. government agency mortgage-backed securities–residential	$	98,842	$	464	$	(828)	$	98,478
U.S. government agency securities		12,049		53		(26)		12,076
Municipal securities(1)		1,384		17		(5)		1,396
Corporate bonds		2,250		25		(2)		2,273
Other		555		54		—		609
Total	$	115,080	$	613	$	(861)	$	114,832

1The issuers of municipal securities are all within New York State.

Schedule of gross unrealized losses and fair value, securities in continuous unrealized loss position

	March 31, 2020
	Less Than 12 Months				12 Months or Longer				Total
			Unrealized				Unrealized				Unrealized
	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
U.S. government agency mortgage-backed securities-residential	$	—	$	—	$	1,009	$	(7)	$	1,009	$	(7)
Municipal Securities		471		(25)		—		—		471		(25)
Corporate Bonds		985		(15)		—		—		985		(15)
Total	$	1,456	$	(40)	$	1,009	$	(7)	$	2,465	$	(47)

	December 31, 2019
U.S. government agency mortgage-backed securities-residential	$	35,612	$	(302)	$	27,252	$	(526)	$	62,864	$	(828)
U.S. government agency securities		—		—		7,001		(26)		7,001		(26)
Municipal Securities		490		(5)		—		—		490		(5)
Corporate Bonds		749		(2)		—		—		749		(2)
Total	$	36,851	$	(309)	$	34,253	$	(552)	$	71,104	$	(861)

Schedule of maturities of debt securities

	March 31, 2020				December 31, 2019
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Maturity:
Within 1 year	$	175	$	175	$	175	$	175
After 1 but within 5 years		—		—		7,027		7,001
After 5 but within 10 years		7,804		8,016		7,806		7,899
After 10 years		675		650		675		670
Total Maturities		8,654		8,841		15,683		15,745
Mortgage-backed securities		102,887		105,699		98,842		98,478
Other		540		594		555		609
Total	$	112,081	$	115,134	$	115,080	$	114,832