Equity securities are defined to include (a) preferred, common and other ownership interests in entities including partnerships, joint ventures and limited liability companies and (b) rights to acquire or dispose of ownership interest in entities at fixed or determinable prices.

The following is a summary of unrealized and realized gains and losses recognized in net (loss) income on equity securities during the six months ended June 30, 2025, 2024 and 2023:


	For the three months ended June 30,						For the six months ended June 30,
(In Thousands)	2025		2024		2023		2025		2024		2023
Net losses recognized during the period on equity securities held at the reporting date	$	(108)	$	(222)	$	(494)	$	(223)	$	(92)	$	(3,721)
Net losses recognized during the period on equity securities sold during the period		-		-		(175)		-		-		(175)
Realized and unrealized losses on equity investments during the reporting period	$	(108)	$	(222)	$	(669)	$	(223)	$	(92)	$	(3,896)

Note 6 - Securities (continued)

Debt Securities Available for Sale

The following tables present by maturity the amortized cost, gross unrealized gains and losses on, and fair value of, securities available for sale as of June 30, 2025 and December 31, 2024:




	June 30, 2025
			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
	(In Thousands)
Residential Mortgage-backed securities:
More than one to five years	$	922	$	-	$	33	$	889
More than five to ten years		2,083		-		86		1,997
More than ten years		71,067		584		2,954		68,697
Sub-total:		74,072		584		3,073		71,583

Corporate Debt securities:
More than one to five years		27,289		64		537		26,816
More than five to ten years		34,775		9		2,407		32,377
Sub-total:		62,064		73		2,944		59,193

Total securities	$	136,136	$	657	$	6,017	$	130,776



	December 31, 2024
			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
	(In Thousands)
Residential Mortgage-backed securities:
More than one to five years	$	1,286	$	-	$	57	$	1,229
More than five to ten years		2,395		-		135		2,260
More than ten years		45,345		188		3,508		42,025
Sub-total:		49,026		188		3,700		45,514

Corporate Debt securities:
More than one to five years		37,488		-		1,081		36,407
More than five to ten years		22,076		-		2,280		19,796
Sub-total:		59,564		-		3,361		56,203

Total securities	$	108,590	$	188	$	7,061	$	101,717

‎

The unrealized losses, categorized by the length of time of continuous loss position, and fair value of related securities available for sale were as follows:



	12 Months or Less				More than 12 Months				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
	(In Thousands)
June 30 2025
Residential mortgage-backed securities	$	8,431	$	33	$	29,427	$	3,040	$	37,858	$	3,073
Corporate Debt securities		-		-		47,316		2,944		47,316		2,944
	$	8,431	$	33	$	76,743	$	5,984	$	85,174	$	6,017

December 31, 2024
Residential mortgage-backed securities	$	10,558	$	127	$	24,673	$	3,573	$	35,231	$	3,700
Corporate Debt securities		2,985		19		51,918		3,342		54,903		3,361
	$	13,543	$	146	$	76,591	$	6,915	$	90,134	$	7,061