| Schedule of amortized cost and estimated fair value of debt securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage-backed |
|
Collateralized |
|
|
|
|
|
U.S. government |
|
Municipal |
|
residential |
|
mortgage |
|
Total available-for- |
September 30, 2021 |
|
agency obligations |
|
obligations |
|
obligations |
|
obligations |
|
sale |
|
|
|
(Dollars in thousands) |
1 year or less |
|
$ |
— |
|
$ |
1,231 |
|
$ |
456 |
|
$ |
1,071 |
|
$ |
2,758 |
1 to 5 years |
|
|
3,938 |
|
|
3,777 |
|
|
31,185 |
|
|
17,535 |
|
|
56,435 |
5 to 10 years |
|
|
6,507 |
|
|
2,867 |
|
|
13,837 |
|
|
9,984 |
|
|
33,195 |
After 10 years |
|
|
— |
|
|
2,970 |
|
|
— |
|
|
1,636 |
|
|
4,606 |
Fair value |
|
|
10,445 |
|
|
10,845 |
|
|
45,478 |
|
|
30,226 |
|
|
96,994 |
Gross unrealized gains |
|
|
163 |
|
|
464 |
|
|
426 |
|
|
441 |
|
|
1,494 |
Gross unrealized losses |
|
|
(39) |
|
|
(12) |
|
|
(309) |
|
|
(259) |
|
|
(619) |
Amortized cost |
|
$ |
10,321 |
|
$ |
10,393 |
|
$ |
45,361 |
|
$ |
30,044 |
|
$ |
96,119 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage-backed |
|
Collateralized |
|
|
|
|
|
U.S. government |
|
Municipal |
|
residential |
|
mortgage |
|
Total available-for- |
December 31, 2020 |
|
agency obligations |
|
obligations |
|
obligations |
|
obligations |
|
sale |
|
|
|
(Dollars in thousands) |
1 year or less |
|
$ |
1,000 |
|
$ |
768 |
|
$ |
1,443 |
|
$ |
383 |
|
$ |
3,594 |
1 to 5 years |
|
|
4,862 |
|
|
3,726 |
|
|
34,486 |
|
|
14,452 |
|
|
57,526 |
5 to 10 years |
|
|
1,285 |
|
|
4,354 |
|
|
7,165 |
|
|
5,564 |
|
|
18,368 |
After 10 years |
|
|
— |
|
|
2,132 |
|
|
— |
|
|
— |
|
|
2,132 |
Fair value |
|
|
7,147 |
|
|
10,980 |
|
|
43,094 |
|
|
20,399 |
|
|
81,620 |
Gross unrealized gains |
|
|
154 |
|
|
518 |
|
|
884 |
|
|
534 |
|
|
2,090 |
Gross unrealized losses |
|
|
(17) |
|
|
(18) |
|
|
(22) |
|
|
(66) |
|
|
(123) |
Amortized cost |
|
$ |
7,010 |
|
$ |
10,480 |
|
$ |
42,232 |
|
$ |
19,931 |
|
$ |
79,653 |
|
| Schedule of securities with gross unrealized losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less than 12 Months |
|
12 Months or Longer |
|
Total |
|
|
|
(Dollars in thousands) |
|
|
Fair |
|
Unrealized |
|
Fair |
|
Unrealized |
|
Fair |
|
Unrealized |
|
|
Value |
|
Losses |
|
Value |
|
Losses |
|
Value |
|
Losses |
September 30, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. government agency obligations |
|
$ |
2,383 |
|
$ |
23 |
|
$ |
1,154 |
|
$ |
16 |
|
$ |
3,537 |
|
$ |
39 |
Municipal obligations |
|
|
— |
|
|
— |
|
|
242 |
|
|
12 |
|
|
242 |
|
|
12 |
Mortgage-backed residential obligations |
|
|
19,537 |
|
|
284 |
|
|
2,213 |
|
|
25 |
|
|
21,750 |
|
|
309 |
Collateralized mortgage obligations |
|
|
18,762 |
|
|
259 |
|
|
— |
|
|
— |
|
|
18,762 |
|
|
259 |
Total |
|
$ |
40,682 |
|
$ |
566 |
|
$ |
3,609 |
|
$ |
53 |
|
$ |
44,291 |
|
$ |
619 |
December 31, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. government agency obligations |
|
$ |
1,284 |
|
$ |
17 |
|
$ |
— |
|
$ |
— |
|
$ |
1,284 |
|
$ |
17 |
Municipal obligations |
|
|
— |
|
|
— |
|
|
238 |
|
|
18 |
|
|
238 |
|
|
18 |
Mortgage-backed residential obligations |
|
|
5,265 |
|
|
17 |
|
|
1,170 |
|
|
5 |
|
|
6,435 |
|
|
22 |
Collateralized mortgage obligations |
|
|
8,694 |
|
|
66 |
|
|
241 |
|
|
— |
|
|
8,935 |
|
|
66 |
Total |
|
$ |
15,243 |
|
$ |
100 |
|
$ |
1,649 |
|
$ |
23 |
|
$ |
16,892 |
|
$ |
123 |
|
| Schedule of proceeds from sales of securities available-for-sale, as well as gross gains and losses |
The following table provides a summary of the proceeds from sales of securities available-for-sale, as well as gross gains and losses, for the periods presented.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, |
|
Nine months ended September 30, |
|
|
2021 |
|
2020 |
|
2021 |
|
2020 |
|
|
|
(Dollars in thousands) |
Proceeds from sales of securities available-for-sale |
|
$ |
6,769 |
|
$ |
— |
|
$ |
6,769 |
|
$ |
12,112 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross realized gains |
|
|
131 |
|
|
— |
|
|
131 |
|
|
114 |
Gross realized losses |
|
|
— |
|
|
— |
|
|
— |
|
|
(55) |
|