The amortized cost, gross unrealized gains and losses, and fair value of securities at December 31, 2021 and 2020 are summarized as follows:

	December 31, 2021
			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
	(in thousands)
Available-for-Sale Securities:
U.S. Government Bonds	$	2,981	$	—	$	(47	)	$	2,934
Corporate Bonds		21,243		144		(203	)		21,184
Mortgage-Backed Securities:
Collateralized Mortgage Obligations ⁽¹⁾		18,845		—		(497	)		18,348
FNMA Certificates		71,930		—		(1,231	)		70,699
GNMA Certificates		175		6		—			181
Total available-for-sale securities	$	115,174	$	150	$	(1,978	)	$	113,346

Held-to-Maturity Securities:
FHLMC Certificates	$	934	$	—	$	(20	)	$	914
Total held-to-maturity securities	$	934	$	—	$	(20	)	$	914

	December 31, 2020
			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
	(in thousands)
Available-for-Sale Securities:
Corporate Bonds	$	10,381	$	95	$	(13	)	$	10,463
Mortgage-Backed Securities:
FHLMC Certificates		3,201		—		(5	)		3,196
FNMA Certificates		3,506		61		—			3,567
GNMA Certificates		263		9		—			272
Total available-for-sale securities	$	17,351	$	165	$	(18	)	$	17,498

Held-to-Maturity Securities:
FHLMC Certificates	$	1,743	$	—	$	(21	)	$	1,722
Total held-to-maturity securities	$	1,743	$	—	$	(21	)	$	1,722

There was one security that was classified as held-to-maturity as of December 31, 2021 and 2020. There were two available-for-sale security in the amount of $3.6 million and no held-to-maturity securities sold during the year ended December 31, 2021. There were no available-for-sale securities and held-to-maturity securities sold during the year ended December 31, 2020. One security in the amount of $2.7 million matured and/or were called during the year ended December 31, 2021 and $17.8 million securities matured and/or were called during the year ended December 31, 2020. The Company purchased $109.9 million in available-for-sale securities during the year ended December 31, 2021 and $13.6 million in available-for-sale securities and $1.7 million in held-to-maturity securities during the year ended December 31, 2020.

The following tables present the Company's securities gross unrealized losses and fair values, aggregated by the length of time the individual securities have been in a continuous unrealized loss position, at December 31, 2021 and 2020:

	December 31, 2021
	Securities With Gross Unrealized Losses
	Less Than 12 Months					12 Months or More					Total		Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Loss			Value		Loss			Value		Loss
	(in thousands)
Available-for-Sale Securities:
US Government Bonds	$	2,934	$	(47	)	$	—	$	—		$	2,934	$	(47	)
Corporate Bonds		15,297		(203	)		—		—			15,297		(203	)
Mortgage-Backed
Collateralized Mortgage Obligations ⁽¹⁾		16,034		(419	)		2,314		(78	)		18,348		(497	)
FNMA Certificates		70,699		(1,231	)		—		—			70,699		(1,231	)
Total available-for-sale securities	$	104,964	$	(1,900	)	$	2,314	$	(78	)	$	107,278	$	(1,978	)
Held-to-Maturity Securities:
FHLMC Certificates	$	914	$	(20	)	$	—	$	—		$	914	$	(20	)
Total held-to-maturity securities	$	914	$	(20	)	$	—	$	—		$	914	$	(20	)

	December 31, 2020
	Securities With Gross Unrealized Losses
	Less Than 12 Months					12 Months or More				Total		Total
	Fair		Unrealized			Fair		Unrealized		Fair		Unrealized
	Value		Loss			Value		Loss		Value		Loss
	(in thousands)
Available-for-Sale Securities:
Corporate Bonds	$	1,717	$	(13	)	$	—	$	—	$	1,717	$	(13	)
Mortgage-Backed
FNMA Certificates		3,196		(5	)		—		—		3,196		(5	)
Total available-for-sale securities	$	4,913	$	(18	)	$	—	$	—	$	4,913	$	(18	)
Held-to-Maturity Securities:
FHLMC Certificates	$	1,722	$	(21	)	$	—	$	—	$	1,722	$	(21	)
Total held-to-maturity securities	$	1,722	$	(21	)	$	—	$	—	$	1,722	$	(21	)

The Company’s investment portfolio had 29 and 8 available-for-sale securities at December 31, 2021 and 2020, respectively, and 1 held-to-maturity security at December 31, 2021 and 2020. At December 31, 2021 and 2020, the Company had 23 and 3 available-for-sale securities, respectively, and one held-to-maturity at December 31, 2021 and 2020 with gross unrealized losses. Management reviewed the financial condition of the entities underlying the securities at both December 31, 2021 and 2020 and determined that they are not other than temporary impaired because the unrealized losses in those securities relate to market interest rate changes. The Company has the ability to hold them and does not have the intent to sell these securities, and it is not more likely than not that the Company will be required to sell these securities, before recovery of the cost basis. In addition, management also considers the issuers of the securities to be financially sound and believes the Company will receive all contractual principal and interest related to these investments.

The following is a summary of maturities of securities at December 31, 2021 and 2020. Amounts are shown by contractual maturity. Because borrowers for mortgage-backed securities have the right to prepay obligations with or without prepayment penalties, at any time, these securities are included as a total within the table.

	December 31, 2021
	Amortized		Fair
	Cost		Value
	(in thousands)
Available-for-Sale Securities:
U.S. Government Bonds:
Amounts maturing:
Three months or less	$	—	$	—
More than three months through one year		—		—
More than one year through five years		2,981		2,934
More than five years through ten years		—		—
		2,981		2,934
Corporate Bonds:
Amounts maturing:
Three months or less	$	—	$	—
More than three months through one year		—		—
More than one year through five years		4,445		4,381
More than five years through ten years		16,798		16,803
		21,243		21,184
Mortgage-Backed Securities		90,950		89,228
Total available-for-sale securities	$	115,174	$	113,346

Held-to-Maturity Securities:
Mortgage-Backed Securities	$	934	$	914
Total held-to-maturity securities	$	934	$	914

	December 31, 2020
	Amortized		Fair
	Cost		Value
	(in thousands)
Available-for-Sale Securities:
Corporate Bonds:
Amounts maturing:
Three months or less	$	—	$	—
More than three months through one year		—		—
More one year through five years		2,651		2,728
More than five years through ten years		7,730		7,735
		10,381		10,463
Mortgage-Backed Securities		6,970		7,035
Total available-for-sale securities	$	17,351	$	17,498

Held-to-Maturity Securities:
Mortgage-Backed Securities	$	1,743	$	1,722
Total held-to-maturity securities	$	1,743	$	1,722

The held-to-maturity securities at December 31, 2021 and 2020 will mature on October 1, 2050.