Investment Securities (Tables)

9 Months Ended

Sep. 30, 2020

Investments, Debt and Equity Securities [Abstract]

Debt Securities, Available-for-sale

AFS securities as of the balance sheet dates consisted of the following:

September 30, 2020	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(Dollars in thousands)
Available-for-sale
Debt securities:
U.S. Government-sponsored enterprises	$	4,658	$	139	$	(39)	$	4,758
Agency mortgage-backed	44,357		1,434		(38)		45,753
State and political subdivisions	28,008		1,229		(12)		29,225
Corporate	7,814		647		(77)		8,384
Total	$	84,837	$	3,449	$	(166)	$	88,120

December 31, 2019	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(Dollars in thousands)
Available-for-sale
Debt securities:
U.S. Government-sponsored enterprises	$	6,349	$	19	$	(76)	$	6,292
Agency mortgage-backed	45,503		602		(81)		46,024
State and political subdivisions	26,489		515		(39)		26,965
Corporate	7,804		378		(70)		8,112
Total	$	86,145	$	1,514	$	(266)	$	87,393

Investments Classified by Contractual Maturity Date

The amortized cost and estimated fair value of debt securities by contractual scheduled maturity as of September 30, 2020 were as follows:

	Amortized Cost		Fair Value
Available-for-sale	(Dollars in thousands)
Due in one year or less	$	940	$	943
Due from one to five years	4,823		5,142
Due from five to ten years	12,861		13,523
Due after ten years	21,856		22,759
	40,480		42,367
Agency mortgage-backed	44,357		45,753
Total debt securities available-for-sale	$	84,837	$	88,120

Schedule of Unrealized Loss on Investments

Information pertaining to all investment securities with gross unrealized losses as of the balance sheet dates, aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows:

September 30, 2020	Less Than 12 Months					12 Months and over					Total
	Number of Securities	Fair Value		Gross Unrealized Losses		Number of Securities	Fair Value		Gross Unrealized Losses		Number of Securities	Fair Value		Gross Unrealized Losses
		(Dollars in thousands)
Debt securities:
U.S. Government- sponsored enterprises	—	$	—	$	—	8	$	1,787	$	(39)	8	$	1,787	$	(39)
Agency mortgage-backed	10	9,900		(32)		1	696		(6)		11	10,596		(38)
State and political subdivisions	1	569		(12)		—	—		—		1	569		(12)
Corporate	—	—		—		3	1,423		(77)		3	1,423		(77)
Total	11	$	10,469	$	(44)	12	$	3,906	$	(122)	23	$	14,375	$	(166)

December 31, 2019	Less Than 12 Months					12 Months and over					Total
	Number of Securities	Fair Value		Gross Unrealized Losses		Number of Securities	Fair Value		Gross Unrealized Losses		Number of Securities	Fair Value		Gross Unrealized Losses
		(Dollars in thousands)
Debt securities:
U.S. Government- sponsored enterprises	4	$	2,376	$	(22)	8	$	2,772	$	(54)	12	$	5,148	$	(76)
Agency mortgage-backed	8	6,193		(38)		8	4,861		(43)		16	11,054		(81)
State and political subdivisions	9	3,813		(38)		1	304		(1)		10	4,117		(39)
Corporate	—	—		—		3	1,430		(70)		3	1,430		(70)
Total	21	$	12,382	$	(98)	20	$	9,367	$	(168)	41	$	21,749	$	(266)

Schedule of Realized Gain (Loss)

The following table presents the proceeds, gross realized gains and gross realized losses from the sales of AFS securities for the nine months ended September 30, 2020 and 2019:

	For The Nine Months Ended September 30,
	2020		2019
	(Dollars in thousands)
Proceeds	$	3,076	$	8,785
Gross gains	32		45
Gross losses	(21)		(37)
Net gains on sales of investment securities AFS	$	11	$	8