Investment Securities (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2020 and December 31, 2019.

			Gross		Gross			Estimated
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
(Dollars in thousands)
At June 30, 2020:
Mortgage backed securities	$	28,977	$	1,009	$	—		$	29,986
Government agencies		2,470		—		(4	)		2,466
Corporate bonds		7,021		250		—			7,271
Total available for sale securities	$	38,468	$	1,259	$	(4	)	$	39,723
At December 31, 2019:
Mortgage backed 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 June 30, 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
			Unrealized					Unrealized				Unrealized
(Dollars in thousands)	Fair Value		Losses			Fair Value		Losses		Fair Value		Losses
At June 30, 2020:
Mortgage backed securities	$	—	$	—		$	—	$	—	$	—	$	—
Government agencies		2,466		(4	)		—		—		2,466		(4	)
Corporate bonds		—		—			—		—		—		—
Total available for sale securities	$	2,466	$	(4	)	$	—	$	—	$	2,466	$	(4	)
At December 31, 2019:
Mortgage backed securities	$	481	$	(5	)	$	—	$	—	$	481	$	(5	)
Government agencies		1,598		—			—		—		1,598		—
Corporate bonds		—		—			—		—		—		—
Total available for sale securities	$	2,079	$	(5	)	$	—	$	—	$	2,079	$	(5	)