Available for Sale Securities (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Amortized Costs and Fair Values of Available for Sale Securities

Amortized costs and fair values of available for sale securities are summarized as follows:


			Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
June 30, 2020
Obligations of the US government and US government sponsored agencies	$	812	$	34	$	—	$	846
Obligations of states and political subdivisions		14,805		456		(11)		15,250
Mortgage-backed securities		38,406		1,470		(16)		39,860
Certificates of deposit		750		45		—		795
Corporate debt securities		2,233		93		(1)		2,325
Total available for sale securities	$	57,006	$	2,098	$	(28)	$	59,076

December 31, 2019
Obligations of the US government and US government sponsored agencies	$	944	$	14	$	—	$	958
Obligations of states and political subdivisions		8,590		36		(21)		8,605
Mortgage-backed securities		35,095		486		(99)		35,482
Certificates of deposit		1,000		17		—		1,017
Corporate debt securities		2,080		37		—		2,117
Total available for sale securities	$	47,709	$	590	$	(120)	$	48,179

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

The following table presents the portion of the Company’s portfolio which has gross unrealized losses, reflecting the length of time that individual securities have been in a continuous unrealized loss position:


	Less Than 12 Months				12 Months or More				Total
			Unrealized				Unrealized				Unrealized
	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
June 30, 2020
Obligations of the US government and US government sponsored agencies	$	5	$	—	$	—	$	—	$	5	$	—
Obligations of states and political subdivisions		2,389		(11)		—		—		2,389		(11)
Mortgage-backed securities		2,660		(8)		864		(8)		3,524		(16)
Corporate debt securities		253		(1)		—		—		253		(1)
Total	$	5,307	$	(20)	$	864	$	(8)	$	6,171	$	(28)
December 31, 2019
Obligations of states and political subdivisions	$	2,569	$	(17)	$	1,059	$	(4)	$	3,628	$	(21)
Mortgage-backed securities		7,604		(57)		4,372		(42)		11,976		(99)
Total	$	10,173	$	(74)	$	5,431	$	(46)	$	15,604	$	(120)

Investments Classified by Contractual Maturity Date

The amortized cost and fair value of available for sale securities by contractual maturity are shown below. Expected maturities will differ from contractual maturities in mortgage-backed securities since the anticipated maturities are not readily determinable. Therefore, these securities are not included in the maturity categories in the following maturity summary listed below:


	June 30, 2020
	Amortized Cost		Fair Value
Due in one year or less	$	1,100	$	1,101
Due after one year through 5 years		3,983		4,173
Due after 5 years through 10 years		6,666		6,989
Due after 10 years		6,851		6,953
Subtotal	$	18,600	$	19,216
Mortgage-backed securities		38,406		39,860
Total	$	57,006	$	59,076