Investment Securities (Tables)

9 Months Ended

Sep. 30, 2020

Investment Securities [Abstract]

Summary of Amortized Cost of Investment Securities Classified as Available-for-sale and their Approximate Fair Values

	Amortized		Gross		Gross
	Cost		Unrealized		Unrealized		Fair
(In thousands)	Basis		Gains		Losses		Value
September 30, 2020
State and municipal securities	$	10,225	$	605	$	—	$	10,830
Asset-backed securities		4,704		321		—		5,025
Government mortgage-backed securities		18,086		491		11		18,566
Total debt securities available-for-sale	$	33,015	$	1,417	$	11	$	34,421
December 31, 2019
State and municipal securities	$	10,808	$	398	$	—	$	11,206
Asset-backed securities		5,433		71		4		5,500
Government mortgage-backed securities		24,954		197		67		25,084
Total debt securities available-for-sale	$	41,195	$	666	$	71	$	41,790

Schedule of Maturities of Debt Securities

	Available-for-Sale
	Amortized		Fair
(In thousands)	Cost		Value
Due after one year through five years	$	921	$	947
Due after five years through ten years		912		918
Due after ten years		8,392		8,965
Government mortgage-backed securities		18,086		18,566
Asset-backed securities		4,704		5,025
	$	33,015	$	34,421

Schedule of Aggregate Fair Value and Unrealized Losses of Securities

	Less than 12 Months				12 Months or Longer				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(In thousands)	Value		Losses		Value		Losses		Value		Losses
September 30, 2020
Temporarily impaired securities:
Government mortgage-backed securities	$	—	$	—	$	867	$	11	$	867	$	11
Total temporarily impaired debt securities	$	—	$	—	$	867	$	11	$	867	$	11
December 31, 2019
Temporarily impaired securities:
Asset-backed securities	$	606	$	4	$	—	$	—	$	606	$	4
Government mortgage-backed securities		5,207		8		5,418		59		10,625		67
Total temporarily impaired debt securities	$	5,813	$	12	$	5,418	$	59	$	11,231	$	71