Securities (Tables)

3 Months Ended

Mar. 31, 2020

Investments Debt And Equity Securities [Abstract]

Summary of Securities Available-for-Sale and Restricted Stock

Securities consist of the following at March 31, 2020 and December 31, 2019:

(Dollars in thousands)	Amortized cost		Gross unrealized gains		Gross unrealized (losses)			Fair value
March 31, 2020
Available-for-sale
U.S. Treasury security	$	999	$	21	$	—		$	1,020
U.S. Government agencies		2,000		3		—			2,003
Mortgage-backed securities of government agencies		74,328		1,104		(225	)		75,207
Asset-backed securities of government agencies		910		—		(105	)		805
State and political subdivisions		20,648		309		—			20,957
Corporate bonds		8,566		2		(297	)		8,271
Total available-for-sale		107,451		1,439		(627	)		108,263
Held-to-maturity
U.S. Government agencies		3,000		8		—			3,008
Mortgage-backed securities of government agencies		8,242		292		—			8,534
Total held-to-maturity		11,242		300		—			11,542
Equity securities		53		26		—			79
Restricted stock		4,614		—		—			4,614
Total securities	$	123,360	$	1,765	$	(627	)		124,498
December 31, 2019
Available-for-sale
U.S. Treasury security	$	998	$	1	$	—		$	999
U.S. Government agencies		5,500		—		(4	)		5,496
Mortgage-backed securities of government agencies		75,676		326		(145	)		75,857
Asset-backed securities of government agencies		934		—		(17	)		917
State and political subdivisions		21,161		351		(1	)		21,511
Corporate bonds		7,605		23		(262	)		7,366
Total available-for-sale		111,874		701		(429	)		112,146
Held-to-maturity
U.S. Government agencies		4,999		—		(6	)		4,993
Mortgage-backed securities of government agencies		8,870		143		(56	)		8,957
Total held-to-maturity		13,869		143		(62	)		13,950
Equity securities		53		39		—			92
Restricted stock		4,614		—		—			4,614
Total securities	$	130,410	$	883	$	(491	)	$	130,802

Summary of Amortized Cost and Fair Value of Debt Securities

The amortized cost and fair value of debt securities at March 31, 2020, by contractual maturity, are shown below.  Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

(Dollars in thousands)	Amortized cost		Fair value
Available-for-sale
Due in one year or less	$	5,285	$	5,283
Due after one through five years		11,542		11,649
Due after five through ten years		18,308		18,465
Due after ten years		72,316		72,866
Total debt securities available-for-sale	$	107,451	$	108,263
Held-to-maturity
Due after one through five years	$	3,000	$	3,008
Due after ten years		8,242		8,534
Total debt securities held-to-maturity	$	11,242	$	11,542

Summary of Gross Unrealized Losses and Fair Value of Available for Sale Securities

The following table presents gross unrealized losses and fair value of securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2020 and December 31, 2019:

	Securities in a continuous unrealized loss position
	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
March 31, 2020
Available-for-sale
Mortgage-backed securities of government    agencies	$	(208	)	$	27,404	$	(17	)	$	2,496	$	(225	)	$	29,900
Asset-backed securities of government    agencies		—			—		(105	)		805		(105	)		805
Corporate bonds		(7	)		3,009		(290	)		3,686		(297	)		6,695
Total temporarily impaired securities	$	(215	)	$	30,413	$	(412	)	$	6,987	$	(627	)	$	37,400
December 31, 2019
Available-for-sale
U.S. Government agencies		—			—	$	(4	)	$	3,496	$	(4	)	$	3,496
Mortgage-backed securities of government    agencies	$	(74	)	$	22,702		(71	)		8,924		(145	)		31,626
Asset-backed securities of government    agencies		—			—		(17	)		917		(17	)		917
State and political subdivisions		—			—		(1	)		653		(1	)		653
Corporate bonds		—			—		(262	)		3,712		(262	)		3,712
Held-to-maturity
U.S. Government agencies		—			—		(6	)		4,993		(6	)		4,993
Mortgage-backed securities of government    agencies		—			—		(56	)		3,009		(56	)		3,009
Total temporarily impaired securities	$	(74	)	$	22,702	$	(417	)	$	25,704	$	(491	)	$	48,406