Securities (Tables)

3 Months Ended

Mar. 31, 2021

Securities

Schedule of amortized cost and approximate fair values, together with gross unrealized gains and losses of securities

The amortized cost and fair values, together with gross unrealized gains and losses of securities are as follows:

			Gross		Gross
			Unrealized		Unrealized
	Amortized Cost		Gains		Losses		Fair Value
	(In thousands)
Available-for-sale Securities:
March 31, 2021:
U.S. government agencies	$	4,000	$	22	$	—	$	4,022
Subordinated notes		4,500		25		(2)		4,523
State and municipal obligations		125,998	$	11,770		—		137,768
Total debt securities	$	134,498	$	11,817	$	(2)	$	146,313
			Gross		Gross
			Unrealized		Unrealized
	Amortized Cost		Gains		Losses		Fair Value
	(In thousands)
Available-for-sale Securities:
December 31, 2020:
U.S. government agencies	$	10,000	$	53	$	—	$	10,053
Subordinated notes		4,500		6		(1)		4,505
State and municipal obligations		129,006	$	14,503		—		143,509
Total debt securities	$	143,506	$	14,562	$	(1)	$	158,067

Schedule of amortized cost and fair value of available-for-sale securities by contractual maturity

	Amortized		Fair
	Cost		Value
	(In thousands)
Under 1 year	$	—	$	—
One to five years		—		—
Five to ten years		8,500		8,545
Over ten years		125,998		137,768
Totals	$	134,498	$	146,313

Schedule of investments' gross unrealized losses and fair value, aggregated by investment category and length of time

The following tables show the Company’s investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at March 31, 2021:

	March 31, 2021
	Less than 12 Months				12 Months or More				Total
Description of			Unrealized				Unrealized				Unrealized
Securities	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
	(In thousands)
U.S. Government agencies	$	—	$	—	$	—	$	—	$	—	$	—
State and municipal obligations		—		—		—		—		—		—
Subordinated notes		998		(2)		—		—		998		(2)
Total temporarily impaired securities	$	998	$	(2)	$	—	$	—	$	998	$	(2)

	December 31, 2020
	Less than 12 Months				12 Months or More				Total
Description of			Unrealized				Unrealized				Unrealized
Securities	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
	(In thousands)
US government agencies	$	—	$	—	$	—	$	—	$	—	$	—
Subordinated notes		—	$	—		1,000		(1)		1,000		(1)
State and municipal obligations		—	$	—		—		—		—		—
Total temporarily impaired securities	$	—	$	—	$	1,000	$	(1)	$	1,000	$	(1)