v3.25.2
Securities (Tables)
6 Months Ended
Jun. 30, 2025
Securities [Abstract]  
Summary of Disaggregated Net (loss) Income on Equity Securities

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)

Amortized Cost and Gross Unrealized Gains and Losses on Securities Available for Sale

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 

Available for Sale Securities, Continuous Unrealized Loss Position, Fair Value

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