Fair Values of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2025

Fair Values of Financial Instruments [Abstract]


			(Level 1)		(Level 2)
			Quoted Prices in		Significant		(Level 3)
			Active Markets		Other		Significant
			for Identical		Observable		Unobservable
Description	Total		Assets		Inputs		Inputs
As of June 30, 2025:
Securities
Debt Securities Available for Sale	$	130,776	$	-	$	130,776	$	-
Marketable Equities		9,249		9,249		-		-
Total Securities	$	140,025	$	9,249	$	130,776	$	-

As of December 31, 2024:
Securities
Debt Securities Available for Sale	$	101,717	$	-	$	101,717	$	-
Marketable Equities		9,472		9,472		-		-
Total Securities	$	111,189	$	9,472	$	101,717	$	-

Fair Value Measurements, Nonrecurring




			(Level 1)		(Level 2)
			Quoted Prices in		Significant		(Level 3)
			Active Markets		Other		Significant
			for Identical		Observable		Unobservable
Description	Total		Assets		Inputs		Inputs
As of June 30, 2025
Individually Evaluated Loans	$	27,555	$	-	$	-	$	27,555

As of December 31, 2024:
Individually Evaluated Loans	$	19,391	$	-	$	-	$	19,391

Quantitative Information About Level 3 Fair Value Measurements


Quantitative Information about Level 3 Fair Value Measurements
		Fair Value	Valuation	Unobservable
		Estimate	Techniques	Input	Range
June 30, 2025:
Individually Evaluated Loans	$	27,555	Appraisal of collateral (1)	Appraisal adjustments (2)	0%-10%


		Fair Value	Valuation	Unobservable
		Estimate	Techniques	Input	Range
December 31, 2024:
Individually Evaluated Loans	$	19,391	Appraisal of collateral (1)	Appraisal adjustments (2)	0%-10%

(1)Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not objectively determinable.

(2)Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.

Carrying Values and Estimated Fair Values of Financial Instruments


		As of June 30, 2025

					Quoted Prices in Active		Significant		Significant
	Carrying				Markets for Identical Assets		Other Observable Inputs		Unobservable Inputs
	Value		Fair Value		(Level 1)		(Level 2)		(Level 3)

	(In Thousands)
Financial assets:
Cash and cash equivalents	$	206,852	$	206,852	$	206,852	$	-	$	-
Interest-earning time deposits		735		735		-		735		-
Debt securities available for sale		130,776		130,776		-		130,776		-
Equity investments		9,249		9,249		9,249		-		-
Loans held for sale		488		488		-		488		-
Loans receivable, net		2,860,453		2,782,747		-		-		2,782,747
FHLB of New York stock, at cost		18,762		18,762		-		18,762		-
Accrued interest receivable		15,847		15,847		-		15,847		-

Financial liabilities:
Deposits		2,661,534		2,660,617		1,729,407		931,210		-
Borrowings		335,636		336,918		-		336,918		-
Subordinated debentures		43,086		41,240		-		41,240		-
Accrued interest payable		4,248		4,248		-		4,248		-


		As of December 31, 2024

					Quoted Prices in Active		Significant		Significant
	Carrying				Markets for Identical Assets		Other Observable Inputs		Unobservable Inputs
	Value		Fair Value		(Level 1)		(Level 2)		(Level 3)

	(In Thousands)
Financial assets:
Cash and cash equivalents	$	317,282	$	317,282	$	317,282	$	-	$	-
Interest-earning time deposits		735		735		-		735		-
Debt securities available-for-sale		101,717		101,717		-		101,717		-
Equity investments		9,472		9,472		9,472		-		-
Loans held for sale		-		-		-		-		-
Loans receivable, net		2,996,259		2,900,892		-		-		2,900,892
FHLB of New York stock, at cost		24,272		24,272		-		24,272		-
Accrued interest receivable		15,176		15,176		-		15,176		-

Financial liabilities:
Deposits		2,750,858		2,751,625		1,721,602		1,030,023		-
Debt		455,361		456,290		-		456,290		-
Subordinated debentures		42,961		41,594		-		41,594		-
Accrued interest payable		5,195		5,195		-		5,195		-