Investments (Tables)

3 Months Ended

Mar. 31, 2022

Investments [Abstract]

Amortized Cost, Unrealized Gains and Losses, and Estimated Fair Values of Held-to-Maturity Securities

The amortized cost, unrealized gains and losses, and estimated fair values of the Company’s held-to-maturity securities at March 31, 2022 and December 31, 2021, are summarized as follows:

	March 31, 2022
($ in thousands)	Amortized Cost		Unrealized Gain		Unrealized Loss			Estimated Fair Value
Mortgage-backed securities	$	10,986	$	3	$	(726	)	$	10,263

	December 31, 2021
($ in thousands)	Amortized Cost		Unrealized Gain		Unrealized Loss			Estimated Fair Value
Mortgage-backed securities	$	11,423	$	23	$	(114	)	$	11,332

Fair Value and Unrealized Losses of Securities in Unrealized Loss Position

The Company had twelve securities in an unrealized loss position at March 31, 2022 and nine securities in an unrealized loss position at December 31, 2021, as summarized in the following tables:

	March 31, 2022
	Less than 12 months					12 Months or More				Total
($ in thousands)	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Mortgage-backed securities	$	10,042	$	(726	)	$	—	$	—	$	10,042	$	(726	)

	December 31, 2021
	Less than 12 months					12 Months or More				Total
($ in thousands)	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Mortgage-backed securities	$	8,961	$	(114	)	$	—	$	—	$	8,961	$	(114	)

Amortized Cost and Estimated Market Value of Debt Securities

The amortized cost and estimated market value of debt securities at March 31, 2022, by contractual maturity are shown below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

($ in thousands)	Amortized Cost		Estimated Fair Value
Securities held-to-maturity
Due in one year or less	$	—	$	—
Due after one year through five years		—		—
Due after five years through ten years		1,462		1,402
Due after ten years		9,524		8,861
​Total Securities held-to-maturity	$	10,986	$	10,263