Securities Available-for-Sale (Tables)

12 Months Ended

Dec. 31, 2019

Text Block [Abstract]

Summary of Securities Available-for-Sale

	December 31, 2019								December 31, 2018
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
(dollars in thousands)
U.S. Treasury	$	—	$	—	$	—	$	—	$	2,000	$	—	$	8	$	1,992
U. S. Government Sponsored Enterprises		—		—		—		—		3,946		—		31		3,915
SBA Backed Securities		54,331		23		143		54,211		70,477		1		284		70,194
U.S. Government Agency and Sponsored Enterprises Mortgage-Backed Securities		184,580		139		532		184,187		162,604		536		250		162,890
Privately Issued Residential Mortgage-Backed Securities		397		1		2		396		679		3		10		672
Obligations Issued by States and Political Subdivisions		18,016		60		—		18,076		93,445		58		—		93,503
Other Debt Securities		3,600		51		19		3,632		3,600		37		44		3,593
Total	$	260,924	$	274	$	696	$	260,502	$	336,751	$	635	$	627	$	336,759

Estimated Maturity Distribution of Securities Available-for-Sale

The following table shows the estimated maturity distribution of the Company’s securities available-for-sale at December 31, 2019.

	Amortized Cost		Fair Value
(dollars in thousands)
Within one year	$	18,417	$	18,476
After one but within five years		113,192		112,935
After five but within ten years		124,489		124,274
More than ten years		4,826		4,817
Total	$	260,924	$	260,502

Continuous Unrealized Loss Position for 12 Months or Less and 12 Months and Longer

The following table shows the temporarily impaired securities of the Company’s available-for-sale portfolio at December 31, 2019. This table shows the unrealized market loss of securities that have been in a continuous unrealized loss position for 12 months or less and a continuous loss position for 12 months and longer. There are 45 and 18 securities that are temporarily impaired for less than 12 months and for 12 months or longer, respectively, out of a total of 122 holdings at December 31, 2019.

Temporarily Impaired Investments	December 31, 2019
	Less Than 12 Months				12 Months or Longer				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
(dollars in thousands)
U.S. Treasury	$	—	$	—	$	—	$	—	$	—	$	—
U.S. Government Sponsored Enterprises		—		—		—		—		—		—
SBA Backed Securities		14,560		30		22,092		113		36,652		143
U.S. Government Agency and Sponsored Enterprise Mortgage-Backed Securities		108,806		379		29,178		153		137,984		532
Privately Issued Residential Mortgage-Backed Securities		252		2		—		—		252		2
Obligations Issued by States and Political Subdivisions		—		—		—		—		—		—
Other Debt Securities		800		1		481		18		1,281		19
Total temporarily impaired securities	$	124,418	$	412	$	51,751	$	284	$	176,169	$	696

The following table shows the temporarily impaired securities of the Company’s available-for-sale portfolio at December 31, 2018. This table shows the unrealized market loss of securities that have been in a continuous unrealized loss position for 12 months or less and a continuous loss position for 12 months and longer. There are 10 and 30 securities that are temporarily impaired for less than 12 months and for 12 months or longer, respectively, out of a total of 190 holdings at December 31, 2018.

Temporarily Impaired Investments	December 31, 2018
	Less Than 12 Months				12 Months or Longer				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
(dollars in thousands)
U.S. Treasury	$	—	$	—	$	1,992	$	8	$	1,992	$	8
U.S. Government Sponsored Enterprises		3,914		31		—		—		3,914		31
SBA Backed Securities		17,950		28		44,323		256		62,273		284
U.S. Government Agency and Sponsored Enterprise Mortgage-Backed Securities		19,244		21		45,782		229		65,026		250
Privately Issued Residential Mortgage-Backed Securities		—		—		495		10		495		10
Obligations Issued by States and Political Subdivisions		—		—		—		—		—		—
Other Debt Securities		—		—		455		44		455		44
Total temporarily impaired securities	$	41,108	$	80	$	93,047	$	547	$	134,155	$	627