Securities (Tables)

6 Months Ended

Jun. 30, 2021

Securities [Abstract]

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

Amortized costs and fair values, with gross unrealized gains and losses, of securities available-for-sale as of the dates indicated are as follows:

	June 30, 2021
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
U.S. Treasury securities	$	9,052	$	-	$	(62	)	$	8,990
Obligations of U.S. Government agencies		38,636		226		(45	)		38,817
Obligations of state and political subdivisions		51,224		2,224		(176	)		53,272
Mortgage-backed securities		83,475		1,943		(393	)		85,025
Money market investments		3,893		-		-			3,893
Corporate bonds and other securities		23,043		219		(48	)		23,214
	$	209,323	$	4,612	$	(724	)	$	213,211

	December 31, 2020
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair 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 political 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

Amortized Cost and Fair Value of Securities by Contractual Maturity

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

	June 30, 2021
(Dollars in thousands)	Amortized Cost		Fair Value
Due in one year or less	$	300	$	302
Due after one year through five years		9,929		10,073
Due after five through ten years		56,897		58,317
Due after ten years		138,304		140,626
Other securities, restricted		3,893		3,893
	$	209,323	$	213,211

Net Realized Gains and (Losses) on Sale of Investments

The following table summarizes the net realized gains and losses on the sale of investment securities duing the periods indicated:

	Three Months Ended June 30,					Six Months Ended June 30,
(Dollars in thousands)	2021		2020			2021		2020
Securities Available-for-sale
Realized gains on sales of securities	$	-	$	185		$	-	$	185
Realized losses on sales of securities		-		(1	)		-		(1	)
Net realized gain	$	-	$	184		$	-	$	184

Available-for-Sale Securities, Continuous Unrealized Loss Position

The following tables show the gross unrealized losses and fair value of the Company’s investments with unrealized losses that are not deemed to be other-than-temporarily impaired as of June 30, 2021 and December 31, 2020, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of the dates indicated:

	June 30, 2021
	Less than 12 months				12 months or more				Total
(Dollars in thousands)	Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value
U.S. Treasury securities	$	62	$	8,990	$	-	$	-	$	62	$	8,990
Obligations of U.S. Government agencies		10		3,908		35		5,674		45		9,582
Obligations of state and political subdivisions		176		10,181		-		-		176		10,181
Mortgage-backed securities		334		17,669		59		4,481		393		22,150
Corporate bonds and other securities		48		7,202		-		-		48		7,202
Total securities available-for-sale	$	630	$	47,950	$	94	$	10,155	$	724	$	58,105

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