Investment Securities (Tables)

3 Months Ended

Mar. 31, 2020

Investment Securities

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

			Gross		Gross
March 31, 2020:	Amortized		Unrealized		Unrealized		Fair
(in thousands)	Cost		Gains		(Losses)		Value
Mortgage-Backed Securities:
FHLMC	$	2,477	$	43	$	(2)	$	2,518
SBA 7a Pools		2,606		5		(9)		2,602
Total Investment Securities Available-for-Sale	$	5,083	$	48	$	(11)	$	5,120

			Gross		Gross
December 31, 2019:	Amortized		Unrealized		Unrealized		Fair
(in thousands)	Cost		Gains		(Losses)		Value
Mortgage-Backed Securities:
FHLMC	$	2,664	$	—	$	(19)	$	2,645
SBA 7a Pools		2,678		5		(8)		2,675
Total Investment Securities Available-for-Sale	$	5,342	$	5	$	(27)	$	5,320

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

	Available-for-Sale
March 31, 2020	Amortized		Fair
(in thousands)	Cost		Value
Amounts Maturing:
After One Year through Five Years	$	100	$	98
After Five Years through Ten Years		1,657		1,648
After Ten Years		3,326		3,374
	$	5,083	$	5,120

Summary of gross unrealized losses in investment securities

March 31, 2020
(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
FHLMC	$	98	$	(2)	$	—	$	—	$	98	$	(2)
SBA 7a Pools		—		—		1,648		(9)		1,648		(9)
	$	98	$	(2)	$	1,648	$	(9)	$	1,746	$	(11)

December 31, 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
FHLMC	$	655	$	(4)	$	1,990	$	(15)	$	2,645	$	(19)
SBA 7a Pools		—		—		1,692		(8)		1,692		(8)
	$	655	$	(4)	$	3,682	$	(23)	$	4,337	$	(27)