| Schedule of Amortized Cost, Gross Unrealized Gains and Losses and Fair Values of Available for Sale and Held to Maturity Securities |
The amortized cost, gross unrealized gains and losses and fair value of available for sale and held to maturity securities at June 30, 2025 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | Amortized Cost | | Gross Unrealized | | Fair Value | | | Gains | | Losses | | | (In thousands) | | Available for sale securities: | | | | | | | | | U.S. Government and agency obligations | | | | | | | | | Less than one year | $ | 25,087 | | | $ | 23 | | | $ | (299) | | | $ | 24,811 | | | Due from one through five years | 47,244 | | | 69 | | | (1,052) | | | 46,261 | | | Due from five through ten years | 14,295 | | | — | | | (544) | | | 13,751 | | | Due after ten years | 6,462 | | | — | | | (576) | | | 5,886 | | | Total U.S. Government and agency obligations | 93,088 | | | 92 | | | (2,471) | | | 90,709 | | | | | | | | | | | Corporate bonds | | | | | | | | | | | | | | | | | Due from five through ten years | 12,500 | | | — | | | (610) | | | 11,890 | | | Due after ten years | 1,500 | | | — | | | (169) | | | 1,331 | | | Total corporate bonds | 14,000 | | | — | | | (779) | | | 13,221 | | | | | | | | | | | Total available for sale securities | $ | 107,088 | | | $ | 92 | | | $ | (3,250) | | | $ | 103,930 | | | | | | | | | | | Held to maturity securities: | | | | | | | | | State agency and municipal obligations | | | | | | | | | Less than one year | $ | 6,842 | | | $ | 32 | | | $ | — | | | $ | 6,874 | | | Due from five through ten years | 2,786 | | | 65 | | | — | | | 2,851 | | | Due after ten years | 26,806 | | | 1,604 | | | (371) | | | 28,039 | | | | | | | | | | | Government-sponsored mortgage backed securities | | | | | | | | | No contractual maturity | — | | | — | | | — | | | — | | | Total held to maturity securities | $ | 36,434 | | | $ | 1,701 | | | $ | (371) | | | $ | 37,764 | |
The amortized cost, gross unrealized gains and losses and fair value of available for sale and held to maturity securities at December 31, 2024 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | Amortized Cost | | Gross Unrealized | | Fair Value | | | Gains | | Losses | | | (In thousands) | | Available for sale securities: | | | | | | | | | U.S. Government and agency obligations | | | | | | | | | Less than one year | $ | 24,920 | | | $ | 66 | | | $ | (92) | | | $ | 24,894 | | | Due from one through five years | 47,541 | | | — | | | (2,117) | | | 45,424 | | | Due from five through ten years | 16,038 | | | — | | | (906) | | | 15,132 | | | Due after ten years | 6,944 | | | — | | | (812) | | | 6,132 | | | Total U.S. Government and agency obligations | 95,443 | | | 66 | | | (3,927) | | | 91,582 | | | Corporate bonds | | | | | | | | | | | | | | | | | | | | | | | | | Due from five through ten years | 15,500 | | | — | | | (929) | | | 14,571 | | | Due after ten years | 1,500 | | | — | | | (225) | | | 1,275 | | | Total corporate bonds | 17,000 | | | — | | | (1,154) | | | 15,846 | | | | | | | | | | | Total available for sale securities | $ | 112,443 | | | $ | 66 | | | $ | (5,081) | | | $ | 107,428 | | | | | | | | | | | Held to maturity securities: | | | | | | | | | State agency and municipal obligations | | | | | | | | | Less than one year | $ | 6,820 | | | $ | 37 | | | $ | — | | | $ | 6,857 | | | Due from one through five years | 2,808 | | | — | | | (77) | | | 2,731 | | | Due after ten years | 26,897 | | | 1,190 | | | (1,013) | | | 27,074 | | | Total state and municipal obligations | 36,525 | | | 1,227 | | | (1,090) | | | 36,662 | | | | | | | | | | | Government-sponsored mortgage backed securities | | | | | | | | | No contractual maturity | 28 | | | 1 | | | — | | | 29 | | | Total held to maturity securities | $ | 36,553 | | | $ | 1,228 | | | $ | (1,090) | | | $ | 36,691 | |
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| Schedule of Fair Value and Related Unrealized Losses of Temporarily Impaired Investment Securities, Aggregated by Investment Category |
The following tables provide information regarding available for sale securities and held to maturity securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2025 and December 31, 2024:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Length of Time in Continuous Unrealized Loss Position | | | | | | | | Less Than 12 Months | | 12 Months or More | | Total | | Fair Value | | Unrealized
Loss | | Percent
Decline from
Amortized Cost | | Fair Value | | Unrealized
Loss | | Percent
Decline from
Amortized Cost | | Fair Value | | Unrealized
Loss | | Percent
Decline from
Amortized Cost | | (Dollars in thousands) | | | | | | | | | | | | | | | | | | | June 30, 2025 | | | | | | | | | | | | | | | | | | | U.S. Government and agency obligations | $ | — | | | $ | — | | | — | % | | $ | 60,637 | | | $ | (2,471) | | | 3.92 | % | | $ | 60,637 | | | $ | (2,471) | | | 3.92 | % | | Corporate bonds | — | | | — | | | — | | | 13,221 | | | (779) | | | 5.57 | | | 13,221 | | | (779) | | | 5.57 | | | State agency and municipal obligations | — | | | — | | | — | | | 7,528 | | | (371) | | | 4.70 | | | 7,528 | | | (371) | | | 4.70 | | | Total investment securities | $ | — | | | $ | — | | | — | % | | $ | 81,386 | | | $ | (3,621) | | | 4.26 | % | | $ | 81,386 | | | $ | (3,621) | | | 4.26 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Length of Time in Continuous Unrealized Loss Position | | | | | | | | Less Than 12 Months | | 12 Months or More | | Total | | Fair Value | | Unrealized
Loss | | Percent
Decline from
Amortized Cost | | Fair Value | | Unrealized
Loss | | Percent
Decline from
Amortized Cost | | Fair Value | | Unrealized
Loss | | Percent
Decline from
Amortized Cost | | (Dollars in thousands) | | | | | | | | | | | | | | | | | | | December 31, 2024 | | | | | | | | | | | | | | | | | | | U.S. Government and agency obligations | $ | — | | | $ | — | | | — | % | | $ | 81,579 | | | $ | (3,927) | | | 4.59 | % | | $ | 81,579 | | | $ | (3,927) | | | 4.59 | % | | Corporate bonds | — | | | — | | | — | | | 15,846 | | | (1,154) | | | 6.79 | | | 15,846 | | | (1,154) | | | 6.79 | | | State agency and municipal obligations | 7,361 | | | (254) | | | (3.33) | | | 3,802 | | | (836) | | | 18.03 | | | 11,163 | | | (1,090) | | | 8.89 | | | Total investment securities | $ | 7,361 | | | $ | (254) | | | (3.33) | % | | $ | 101,227 | | | $ | (5,917) | | | 5.52 | % | | $ | 108,588 | | | $ | (6,171) | | | 5.38 | % | | | | | | | | | | | | | | | | | | |
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