Securities (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Available-for-sale Securities

The amortized cost and approximate fair values, together with gross unrealized gains and losses, of securities are as follows:


			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
Available-for-Sale Securities:

September 30, 2019 (unaudited):
Mortgage-backed securities of government sponsored entities	$	2,334,309	$	3,840	$	(7,580)	$	2,330,569

December 31, 2018:
Mortgage-backed securities of government sponsored entities	$	629,447	$	3,806	$	(2,892)	$	630,361

The amortized cost and fair value of available-for-sale securities at September 30, 2019 and December 31, 2018, by contractual maturity, if applicable, are shown below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties, as is the case with mortgage-backed securities included in the following table:


	September 30, 2019				December 31, 2018
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
Mortgage-backed securities of government sponsored entities	$	2,334,309	$	2,330,569	$	629,447	$	630,361

Schedule of Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value

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, aggregated by investment class and length of time that the individual securities have been in continuous unrealized loss position at September 30, 2019 and December 31, 2018:


	Less than 12 Months				12 Months or More				Total
			Unrealized				Unrealized				Unrealized
	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
September 30, 2019:
Mortgage-backed securities of government sponsored entities	$	2,085,315	$	(7,016)	$	131,604	$	(564)	$	2,216,919	$	(7,580)

December 31, 2018:
Mortgage-backed securities of government sponsored entities	$	—	$	—	$	512,303	$	(2,892)	$	512,303	$	(2,892)

Cincinnati Bancorp 10-Q