Investment Securities (Tables)

6 Months Ended

Jun. 30, 2020

Investment Securities

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

	June 30, 2020
			Gross		Gross
			Unrealized		Unrealized
	Amortized Cost		Gains		Losses		Fair Value
U.S. government agency mortgage-backed securities–residential	$	93,577	$	2,235	$	(124)	$	95,688
U.S. government agency securities		5,018		161		—		5,179
Municipal securities(1)		1,383		25		—		1,408
Corporate bonds		2,250		33		(15)		2,268
Other		579		16		—		595
Total	$	102,807	$	2,470	$	(139)	$	105,138

	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

	June 30, 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	$	9,080	$	(109)	$	774	$	(15)	$	9,854	$	(124)
Corporate Bonds		985		(15)		—		—		985		(15)
Total	$	10,065	$	(124)	$	774	$	(15)	$	10,839	$	(139)

	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

	June 30, 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		7,801		8,005		7,806		7,899
After 10 years		675		675		675		670
Total Maturities		8,651		8,855		15,683		15,745
Mortgage-backed securities		93,577		95,688		98,842		98,478
Other		579		595		555		609
Total	$	102,807	$	105,138	$	115,080	$	114,832