Securities (Tables)

12 Months Ended

Dec. 31, 2019

Securities

Schedule of Available-for-sale Securities

The amortized cost and approximate fair values, together with gross unrealized gains and losses, of securities are as follows:

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
Available-for-Sale Securities:
December 31, 2019:
Mortgage-backed securities of government sponsored entities	$	6,740,450	$	7,335	$	(14,572)	$	6,733,213
December 31, 2018:
Mortgage-backed securities of government sponsored entities	$	629,447	$	3,806	$	(2,892)	$	630,361

Schedule of Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value

The following tables show the gross unrealized losses and fair value of the Company’s investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment class and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2019 and 2018:

	Less than 12 Months				12 Months or More				Total
			Unrealized				Unrealized				Unrealized
	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
December 31, 2019:
Mortgage-backed securities of government sponsored entities	$	5,582,540	$	(14,154)	$	231,848	$	(418)	$	5,814,388	$	(14,572)
December 31, 2018:
Mortgage-backed securities of government sponsored entities	$	—	$	—	$	512,303	$	(2,892)	$	512,303	$	(2,892)