Investment Securities (Tables)

3 Months Ended

Mar. 31, 2022

Investment Securities

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

			Gross		Gross
March 31, 2022:	Amortized		Unrealized		Unrealized		Fair
(in thousands)	Cost		Gains		(Losses)		Value
Mortgage-Backed Securities:
FHLMC	$	2,558	$	—	$	(132)	$	2,426
SBA 7a Pools		2,140		25		—		2,165
Total Investment Securities Available-for-Sale	$	4,698	$	25	$	(132)	$	4,591

			Gross		Gross
December 31, 2021:	Amortized		Unrealized		Unrealized		Fair
(in thousands)	Cost		Gains		(Losses)		Value
Mortgage-Backed Securities:
FHLMC	$	2,766	$	1	$	—	$	2,767
SBA 7a Pools		2,531		31		—		2,562
Total Investment Securities Available-for-Sale	$	5,297	$	32	$	—	$	5,329

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

	Available-for-Sale
March 31, 2022	Amortized		Fair
(in thousands)	Cost		Value
Amounts Maturing:
After One Year through Five Years	$	—	$	—
After Five Years through Ten Years		1,920		1,931
After Ten Years		2,778		2,660
	$	4,698	$	4,591

Summary of gross unrealized losses in investment securities

March 31, 2022
(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	$	2,558	$	(132)	$	—	$	—	$	2,558	$	(132)
SBA 7a Pools		—		—		—		—		—		—
	$	2,558	$	(132)	$	—	$	—	$	2,558	$	(132)

December 31, 2021
(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	$	1,415	$	—	$	—	$	—	$	1,415	$	—
SBA 7a Pools		—		—		—		—		—		—
	$	1,415	$	—	$	—	$	—	$	1,415	$	—