Securities (Tables)

12 Months Ended

Dec. 31, 2021

Securities [Abstract]

Debt Securities Available for Sale

The amortized cost and fair value of debt securities available for sale as of December 31, 2021 and 2020, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because the securities may be called or prepaid with or without prepayment penalties.

(Dollars in thousands)	December 31, 2021
					Gross		Gross
	Amortized		Fair		Unrealized		Unrealized
Debt Securities Available for Sale	Cost		Value		Gains		Losses
Type and Maturity
Obligations of U.S. Government sponsored enterprises
After one year but within five years	$	6,000	$	5,807	$	—	$	(193)
After five years but within ten years		35,881		34,719		—		(1,162)
		41,881		40,526		—		(1,355)
Obligations of state and political subdivisions
After one year but within five years		3,810		3,937		129		(2)
After five years but within ten years		1,246		1,221		—		(25)
After ten years		4,118		4,062		—		(56)
		9,174		9,220		129		(83)
Corporate debt securities
After one year but within five years		2,000		1,972		—		(28)
After five years but within ten years		32,408		33,024		805		(189)
		34,408		34,996		805		(217)
Mortgage-backed securities		254,762		250,682		812		(4,892)
Total	$	340,225	$	335,424	$	1,746	$	(6,547)

(Dollars in thousands)	December 31, 2020
					Gross		Gross
	Amortized		Fair		Unrealized		Unrealized
Debt Securities Available for Sale	Cost		Value		Gains		Losses
Type and Maturity
Obligations of U.S. Government sponsored enterprises
After five years but within ten years	$	22,994	$	22,949	$	7	$	(52)
		22,994		22,949		7		(52)
Obligations of state and political subdivisions
Within one year		31		31		—		—
After one year but within five years		4,708		4,767		59		—
After five years but within ten years		3,289		3,484		195		—
		8,028		8,282		254		—
Corporate debt securities
Within one year		1,033		1,039		6		—
After five years but within ten years		10,058		10,484		485		(59)
		11,091		11,523		491		(59)
Mortgage-backed securities		239,793		243,661		3,999		(131)
Total	$	281,906	$	286,415	$	4,751	$	(242)

Summary of Proceeds Received from Sales or Calls of Available for Sale Securities

In addition to cash received from the scheduled maturities of securities, some investment securities available for sale are sold at current market values through normal operations. Following is a summary of proceeds received from all investment securities transactions and the resulting realized gains and losses:

(Dollars in thousands)	Year Ended
	December 31,
	2021		2020
Gross proceeds from sales and calls of securities	$	43,115	$	97,389
Securities available for sale:
Gross realized gains from sold and called securities	$	175	$	944
Gross realized losses from sold and called securities		(154)		(89)
Net gains from sales and calls of securities	$	21	$	855

Schedule of Gross Unrealized Losses and Fair Value

The following table shows gross unrealized losses and fair values of debt securities available for sale, aggregated by category and length of time that individual securities have been in a continuous unrealized loss position, at December 31, 2021:

	Unrealized Losses at December 31, 2021
	Less Than 12 Months					12 Months or More					Total
(Dollars in thousands)	Number					Number					Number
	of	Fair		Unrealized		of	Fair		Unrealized		of	Fair		Unrealized
	Securities	Value		Losses		Securities	Value		Losses		Securities	Value		Losses
Obligations of U.S. Government sponsored enterprises	5	$	22,130	$	(752)	3	$	18,396	$	(603)	8	$	40,526	$	(1,355)
Obligations of state and political subdivisions	7		5,781		(83)	—		—		—	7		5,781		(83)
Corporate debt securities	6		10,144		(217)	—		—		—	6		10,144		(217)
Mortgage-backed securities	36		182,328		(3,504)	5		26,443		(1,388)	41		208,771		(4,892)
Total temporarily impaired securities	54	$	220,383	$	(4,556)	8	$	44,839	$	(1,991)	62	$	265,222	$	(6,547)

The following table shows gross unrealized losses and fair values of securities available for sale, aggregated by category and length of time that individual securities had been in a continuous unrealized loss position, at December 31, 2020:

	Unrealized Losses at December 31, 2020
	Less Than 12 Months					12 Months or More					Total
(Dollars in thousands)	Number					Number					Number
	of	Fair		Unrealized		of	Fair		Unrealized		of	Fair		Unrealized
	Securities	Value		Losses		Securities	Value		Losses		Securities	Value		Losses
Obligations of U.S. Government sponsored enterprises	3	$	18,948	$	(52)	—	$	—	$	—	3	$	18,948	$	(52)
Corporate debt securities	1		2,972		(59)	—		—		—	1		2,972		(59)
Mortgage-backed securities	7		43,583		(131)	—		—		—	7		43,583		(131)
Total temporarily impaired securities	11	$	65,503	$	(242)	—	$	—	$	—	11	$	65,503	$	(242)