Securities Portfolio (Tables)

12 Months Ended

Dec. 31, 2020

Securities Portfolio [Abstract]

Amortized Cost and Fair Value, with Gross Unrealized Gains and Losses of Securities Available-for-Sale

The amortized cost and fair value, with gross unrealized gains and losses, of securities available-for-sale were:

	December 31, 2020
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
(Dollars in thousands)	Cost		Gains		(Losses)			Value
U.S. Treasury securities	$	6,980	$	63	$	-		$	7,043
Obligations of U.S. Government agencies		36,858		35		(197	)		36,696
Obligations of state and policitcal subdivisions		43,517		2,478		-			45,995
Mortgage-backed securities		70,866		2,759		(124	)		73,501
Money market investments		4,743		-		-			4,743
Corporate bonds and other securities		18,295		158		(22	)		18,431
	$	181,259	$	5,493	$	(343	)	$	186,409

	December 31, 2019
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
(Dollars in thousands)	Cost		Gains		(Losses)			Value
U.S. Treasury securities	$	6,925	$	78	$	-		$	7,003
Obligations of U.S. Government agencies		33,998		9		(403	)		33,604
Obligations of state and policitcal subdivisions		24,525		442		(225	)		24,742
Mortgage-backed securities		72,000		460		(552	)		71,908
Money market investments		3,825		-		-			3,825
Corporate bonds and other securities		4,542		94		(3	)		4,633
	$	145,815	$	1,083	$	(1,183	)	$	145,715

Amortized Cost and Fair Value of Securities by Contractual Maturity

The amortized cost and fair value of securities by contractual maturity are shown below.

	December 31, 2020
	Amortized		Fair
(Dollars in thousands)	Cost		Value
Due in one year or less	$	7,080	$	7,145
Due after one year through five years		4,430		4,617
Due after five through ten years		45,981		47,665
Due after ten years		119,025		122,239
Other securities, restricted		4,743		4,743
	$	181,259	$	186,409

Net Realized Gains and (Losses) on Sale of Investments

The following table provides information about securities sold in the years ended December 31:

	Year Ended December 31,
(Dollars in thousands)	2020			2019
Securities Available-for-sale
Realized gains on sales of securities	$	265		$	575
Realized losses on sales of securities		(1	)		(261	)
Net realized gain	$	264		$	314

Available-for-Sale Securities, Continuous Unrealized Loss Position

The following tables show the number of securities with unrealized losses, the gross unrealized losses and fair value of the Company’s investments with unrealized losses that are deemed to be temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, as of the dates indicated:

	December 31, 2020
	Less than 12 months				12 months or more				Total
	Gross				Gross				Gross				Number
	Unrealized		Fair		Unrealized		Fair		Unrealized		Fair		of
(Dollars in thousands)	Losses		Value		Losses		Value		Losses		Value		Securities
Obligations of U.S. Government agencies	$	8	$	2,810	$	189	$	17,191	$	197	$	20,001		15
Mortgage-backed securities		118		14,291		6		1,285		124		15,576		7
Corporate bonds and other securities		22		5,977		-		-		22		5,977		7
Total securities available-for-sale	$	148	$	23,078	$	195	$	18,476	$	343	$	41,554		29

	December 31, 2019
	Less than 12 months				12 months or more				Total
	Gross				Gross				Gross				Number
	Unrealized		Fair		Unrealized		Fair		Unrealized		Fair		of
(Dollars in thousands)	Losses		Value		Losses		Value		Losses		Value		Securities
Obligations of U.S. Government agencies	$	349	$	29,744	$	54	$	2,562	$	403	$	32,306		22
Obligations of state and policitcal subdivisions		225		10,112		-		-		225		10,112		7
Mortgage-backed securities		405		44,661		147		14,078		552		58,739		17
Corporate bonds and other securities		-		-		3		197		3		197		1
Total securities available-for-sale	$	979	$	84,517	$	204	$	16,837	$	1,183	$	101,354		47