Securities (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| Securities |
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| Reconciliation From Amortized Cost to Estimated Fair Value of Marketable Securities |
| | | | | | | | | | | | | | | | | | June 30, 2025 | | | | | | Gross | | Gross | | | | | | | | | Amortized | | unrealized | | unrealized | | | Valuation | | Estimated | (In thousands) | | cost | | gains | | losses | | | Allowance | | fair value | Available for sale: | | | | | | | | | | | | | | | | U.S. Government sponsored entities | | $ | 15,000 | | $ | — | | $ | (108) | | $ | — | | $ | 14,892 | State and political subdivisions | | | 188 | | | — | | | (28) | | | — | | | 160 | Residential mortgage-backed securities | | | 13,257 | | | 28 | | | (1,178) | | | — | | | 12,107 | Asset backed securities | | | 34,500 | | | 88 | | | (5) | | | — | | | 34,583 | Corporate and other securities | | | 33,121 | | | 69 | | | (1,653) | | | (788) | | | 30,749 | Total debt securities available for sale | | $ | 96,066 | | $ | 185 | | $ | (2,972) | | $ | (788) | | $ | 92,491 | Held to maturity: | | | | | | | | | | | | | | | | U.S. Government sponsored entities | | $ | 28,000 | | $ | — | | $ | (4,348) | | $ | — | | $ | 23,652 | State and political subdivisions | | | 1,266 | | | 29 | | | — | | | — | | | 1,295 | Residential mortgage-backed securities | | | 7,168 | | | — | | | (2,464) | | | — | | | 4,704 | Total debt securities held to maturity | | $ | 36,434 | | $ | 29 | | $ | (6,812) | | $ | — | | $ | 29,651 |
| | | | | | | | | | | | | | | | | | December 31, 2024 | | | | | | Gross | | Gross | | | | | | | | | Amortized | | unrealized | | unrealized | | | Valuation | | Estimated | (In thousands) | | cost | | gains | | losses | | | Allowance | | fair value | Available for sale: | | | | | | | | | | | | | | | | U.S. Government sponsored entities | | $ | 15,000 | | $ | — | | $ | (241) | | $ | — | | $ | 14,759 | State and political subdivisions | | | 357 | | | — | | | (24) | | | — | | | 333 | Residential mortgage-backed securities | | | 13,814 | | | 27 | | | (1,555) | | | — | | | 12,286 | Asset backed securities | | | 39,300 | | | 94 | | | (2) | | | — | | | 39,392 | Corporate and other securities | | | 31,741 | | | 165 | | | (1,968) | | | (2,824) | | | 27,114 | Total debt securities available for sale | | $ | 100,212 | | $ | 286 | | $ | (3,790) | | $ | (2,824) | | $ | 93,884 | Held to maturity: | | | | | | | | | | | | | | | | U.S. Government sponsored entities | | $ | 28,000 | | $ | — | | $ | (4,932) | | $ | — | | $ | 23,068 | State and political subdivisions | | | 1,234 | | | 59 | | | — | | | — | | | 1,293 | Residential mortgage-backed securities | | | 12,060 | | | — | | | (2,607) | | | — | | | 9,453 | Total debt securities held to maturity | | $ | 41,294 | | $ | 59 | | $ | (7,539) | | $ | — | | $ | 33,814 |
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| Schedule of Marketable Securities By Contractual Maturity |
| | | | | | | | | | | | | | Amortized | | | Fair | (In thousands) | | Cost | | | Value | Available for sale: | | | | | | Due in one year | $ | — | | $ | — | Due after one year through five years | | 30,784 | | | 29,212 | Due after five years through ten years | | 41,837 | | | 40,992 | Due after ten years | | 10,188 | | | 10,180 | Residential mortgage-backed securities | | 13,257 | | | 12,107 | Total | $ | 96,066 | | $ | 92,491 | Held to maturity: | | | | | | Due in one year | $ | — | | $ | — | Due after one year through five years | | 3,000 | | | 2,978 | Due after five years through ten years | | — | | | — | Due after ten years | | 26,266 | | | 21,969 | Residential mortgage-backed securities | | 7,168 | | | 4,704 | Total | $ | 36,434 | | $ | 29,651 |
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| Schedule of Marketable Securities In Unrealized Loss Position |
| | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | | | Less than 12 months | | 12 months and greater | | Total | | | | | | | | | | | | | | | | | | | | | | | | Estimated | | Unrealized | | Estimated | | Unrealized | | Estimated | | Unrealized | (In thousands) | | | fair value | | loss | | fair value | | loss | | fair value | | loss | Available for sale: | | | | | | | | | | | | | | | | | | | | U.S. Government sponsored entities | | | $ | — | | $ | — | | $ | 14,892 | | $ | (108) | | $ | 14,892 | | $ | (108) | State and political subdivisions | | | | — | | | — | | | 160 | | | (28) | | | 160 | | | (28) | Residential mortgage-backed securities | | | | — | | | — | | | 11,976 | | | (1,178) | | | 11,976 | | | (1,178) | Asset backed securities | | | | 3,995 | | | (5) | | | — | | | — | | | 3,995 | | | (5) | Corporate and other securities | | | | 2,499 | | | (1) | | | 9,843 | | | (1,652) | | | 11,342 | | | (1,653) | Total | | | $ | 6,494 | | $ | (6) | | $ | 36,871 | | $ | (2,966) | | $ | 42,365 | | $ | (2,972) | Held to maturity: | | | | | | | | | | | | | | | | | | | | U.S. Government sponsored entities | | | $ | — | | $ | — | | $ | 23,652 | | $ | (4,348) | | $ | 23,652 | | $ | (4,348) | Residential mortgage-backed securities | | | | — | | $ | — | | | 4,704 | | | (2,464) | | | 4,704 | | | (2,464) | Total | | | $ | — | | $ | — | | $ | 28,356 | | $ | (6,812) | | $ | 28,356 | | $ | (6,812) |
| | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | | | Less than 12 months | | 12 months and greater | | Total | | | | | | | | | | | | | | | | | | | | | | | | Estimated | | Unrealized | | Estimated | | Unrealized | | Estimated | | Unrealized | (In thousands) | | | fair value | | loss | | fair value | | loss | | fair value | | loss | Available for sale: | | | | | | | | | | | | | | | | | | | | U.S. Government sponsored entities | | | $ | — | | $ | — | | $ | 14,759 | | $ | (241) | | $ | 14,759 | | $ | (241) | State and political subdivisions | | | | — | | | — | | | 333 | | | (24) | | | 333 | | | (24) | Residential mortgage-backed securities | | | | 8 | | | (1) | | | 12,145 | | | (1,554) | | | 12,153 | | | (1,555) | Asset backed securities | | | | 3,998 | | | (1) | | | 3,000 | | | (1) | | | 6,998 | | | (2) | Corporate and other securities | | | | — | | | — | | | 14,609 | | | (1,968) | | | 14,609 | | | (1,968) | Total temporarily impaired AFS securities | | | $ | 4,006 | | $ | (2) | | $ | 44,846 | | $ | (3,788) | | $ | 48,852 | | $ | (3,790) | Held to maturity: | | | | | | | | | | | | | | | | | | | | U.S. Government sponsored entities | | | $ | — | | $ | — | | $ | 23,068 | | $ | (4,932) | | $ | 23,068 | | $ | (4,932) | Residential mortgage-backed securities | | | | — | | | — | | | 4,453 | | | (2,607) | | | 4,453 | | | (2,607) | Total temporarily impaired HTM securities | | | $ | — | | $ | — | | $ | 27,521 | | $ | (7,539) | | $ | 27,521 | | $ | (7,539) |
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| Equity Securities, Gains and Losses |
| | | | | | | | | | | | | | | For the three months ended June 30, | | For the six months ended June 30, | (In thousands) | | 2025 | | 2024 | | 2025 | | 2024 | Net unrealized gains (losses) occurring during the period on equity securities | | $ | 91 | | $ | (21) | | $ | 53 | | $ | 12 | Net gains recognized during the period on equity securities sold during the period | | | 3,509 | | | 41 | | | 3,509 | | | 62 | Gains recognized during the reporting period on equity securities | | $ | 3,600 | | $ | 20 | | $ | 3,562 | | $ | 74 |
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