Investment Securities (Tables)

9 Months Ended

Sep. 30, 2019

Investment Securities

Summary of amortized cost and fair values of investment securities available-for-sale

			Gross		Gross
September 30, 2019:	Amortized		Unrealized		Unrealized		Fair
(in thousands)	Cost		Gains		(Losses)		Value
Mortgage-Backed Securities:
FHLMC	$	3,400	$	—	$	(17)	$	3,383
FNMA		169		1		—		170
GNMA		526		12		—		538
SBA 7a Pools		2,731		7		(6)		2,732
Total Investment Securities Available-for-Sale	$	6,826	$	20	$	(23)	$	6,823

			Gross		Gross
December 31, 2018:	Amortized		Unrealized		Unrealized		Fair
(in thousands)	Cost		Gains		(Losses)		Value
Mortgage-Backed Securities:
FHLMC	$	3,139	$	—	$	(117)	$	3,022
FNMA		232		—		(2)		230
GNMA		612		8		—		620
SBA 7a Pools		1,920		—		(11)		1,909
Total Investment Securities Available-for-Sale	$	5,903	$	8	$	(130)	$	5,781

Summary of amortized cost and fair values of the investment securities available-for-sale by contractual maturity

	Available-for-Sale
September 30, 2019	Amortized		Fair
(in thousands)	Cost		Value
Amounts Maturing:
After One Year through Five Years	$	828	$	829
After Five Years through Ten Years		1,760		1,754
After Ten Years		4,238		4,240
	$	6,826	$	6,823

Summary of gross unrealized losses in investment securities

September 30, 2019
(in thousands)	Less Than 12 Months				12 Months or More				Totals
Security			Unrealized				Unrealized				Unrealized
Description	Fair Value		(Losses)		Fair Value		(Losses)		Fair Value		(Losses)
Mortgage-Backed
Securities:
FHLMC	$	1,231	$	(5)	$	2,152	$	(12)	$	3,383	$	(17)
SBA 7a Pools		—		—		1,754		(6)		1,754		(6)
	$	1,231	$	(5)	$	3,906	$	(18)	$	5,137	$	(23)

December 31, 2018
(in thousands)	Less Than 12 Months				12 Months or More				Totals
Security			Unrealized				Unrealized				Unrealized
Description	Fair Value		(Losses)		Fair Value		(Losses)		Fair Value		(Losses)
Mortgage-Backed
Securities:
FHLMC	$	—	$	—	$	3,022	$	(117)	$	3,022	$	(117)
FNMA		230		(2)		—		—		230		(2)
SBA 7a Pools		1,909		(11)		—		—		1,909		(11)
	$	2,139	$	(13)	$	3,022	$	(117)	$	5,161	$	(130)