Investment Securities (Tables)

3 Months Ended

Mar. 31, 2020

Investments, Debt and Equity Securities [Abstract]

Debt Securities, Available-for-sale

The following table summarizes the amortized cost and estimated fair value of securities available for sale at March 31, 2020 and December 31, 2019.

(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
At March 31, 2020:
Residential mortgage backed and government securities	$	23,763	$	760	$	—		$	24,523
Government agencies		2,987		4		—			2,991
Corporate bonds		7,009		—		(179	)		6,830
Total available for sale securities	$	33,759	$	764	$	(179	)	$	34,344
At December 31, 2019:
Residential mortgage backed and government securities	$	20,291	$	436	$	(5	)	$	20,722
Government agencies		7,824		9		—			7,833
Corporate bonds		—		—		—			—
Total available for sale securities	$	28,115	$	445	$	(5	)	$	28,555

Summary of available for sale securities and held to maturity securities continuous unrealized loss position fair value

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

	Less Than 12 Months				More Than 12 Months					Total
(Dollars in thousands)	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
At March 31, 2020:
Residential mortgage backed and government securities	$	—	$	—	$	—	$	—		$	—	$	—
Government agencies		—		—		—		—			—		—
Corporate bonds		—		—		6,830		(179	)		6,830		(179	)
Total available for sale securities	$	—	$	—	$	6,830	$	(179	)	$	6,830	$	(179	)
At December 31, 2019:
Residential mortgage backed and government securities	$	481	$	5	$	—	$	—		$	481	$	5
Government agencies		1,598		—		—		—			1,598		—
Corporate bonds		—		—		—		—			—		—
Total available for sale securities	$	2,079	$	5	$	—	$	—		$	2,079	$	5