Securities Held-to-Maturity (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| Securities Held-to-Maturity |
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| Summary of securities held-to-maturity portfolio |
| | | | | | | | | | | | | | | | | | June 30, 2025 | | | | | | Gross | | Gross | | | | Allowance | | | Amortized | | Unrealized | | Unrealized | | Fair | | for | | | Cost | | Gains | | Losses | | Value | | Credit Loss | | | | (In Thousands) | Mortgage-backed securities – residential: | | | | | | | | | | | | | | | | Government National Mortgage Association | | $ | 380 | | $ | 3 | | $ | — | | $ | 383 | | $ | — | Federal Home Loan Mortgage Corporation | | | 729 | | | — | | | 82 | | | 647 | | | — | Federal National Mortgage Association | | | 1,533 | | | — | | | 126 | | | 1,407 | | | — | Collateralized mortgage obligations – GSE | | | 2,741 | | | — | | | 572 | | | 2,169 | | | — | Total mortgage-backed securities | | | 5,383 | | | 3 | | | 780 | | | 4,606 | | | — | Municipal Bonds | | | 9,141 | | | — | | | 2,153 | | | 6,988 | | | 126 | | | $ | 14,524 | | $ | 3 | | $ | 2,933 | | $ | 11,594 | | $ | 126 |
| | | | | | | | | | | | | | | | | | December 31, 2024 | | | | | | Gross | | Gross | | | | Allowance | | | Amortized | | Unrealized | | Unrealized | | Fair | | for | | | Cost | | Gains | | Losses | | Value | | Credit Loss | | | | (In Thousands) | Mortgage-backed securities – residential: | | | | | | | | | | | | | | | | Government National Mortgage Association | | $ | 414 | | $ | — | | $ | — | | $ | 414 | | $ | — | Federal Home Loan Mortgage Corporation | | | 775 | | | 1 | | | 110 | | | 666 | | | — | Federal National Mortgage Association | | | 1,677 | | | — | | | 177 | | | 1,500 | | | — | Collateralized mortgage obligations – GSE | | | 2,782 | | | — | | | 624 | | | 2,158 | | | — | Total mortgage-backed securities | | | 5,648 | | | 1 | | | 911 | | | 4,738 | | | — | Municipal Bonds | | | 9,094 | | | — | | | 1,974 | | | 7,120 | | | 126 | | | $ | 14,742 | | $ | 1 | | $ | 2,885 | | $ | 11,858 | | $ | 126 |
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| Schedule of contractual final maturities |
| | | | | | | | | June 30, 2025 | | | Amortized | | Fair | | | Cost | | Value | | | | (In Thousands) | Due within one year | | $ | 800 | | $ | 601 | Due after one but within five years | | | 1,738 | | | 1,480 | Due after five but within ten years | | | 2,630 | | | 2,134 | Due after ten years | | | 9,356 | | | 7,379 | | | $ | 14,524 | | $ | 11,594 |
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| Schedule of allowance for credit losses for debt securities held-to-maturity |
| | | | | | | Municipal Bonds | Balance – December 31, 2024 | | $ | 126 | Provision for (reversal of) credit loss | | | - | Balance – March 31, 2025 | | $ | 126 | Provision for (reversal of) credit loss | | | - | Balance – June 30, 2025 | | $ | 126 | | | | | | | | Municipal Bonds | Balance – December 31, 2023 | | $ | 136 | Provision for (reversal of) credit loss | | | (3) | Balance – March 31, 2024 | | $ | 133 | Provision for (reversal of) credit loss | | | (7) | Balance – June 30, 2024 | | $ | 126 |
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| Schedule of unrealized losses and the fair value |
| | | | | | | | | | | | | | | | | | | | | Less than 12 Months | | 12 Months or More | | Total | | | | | | Gross | | | | | Gross | | | | | Gross | | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | | | Value | | Losses | | Value | | Losses | | Value | | Losses | | | | (In Thousands) | June 30, 2025: | | | | | | | | | | | | | | | | | | | Mortgage-backed securities - residential: | | | | | | | | | | | | | | | | | | | Federal Home Loan Mortgage Corporation | | $ | — | | $ | — | | $ | 617 | | $ | 82 | | $ | 617 | | $ | 82 | Federal National Mortgage Association | | | — | | | — | | | 1,401 | | | 126 | | | 1,401 | | | 126 | Collateralized mortgage obligations – GSE | | | — | | | — | | | 2,169 | | | 572 | | | 2,169 | | | 572 | Total mortgage-backed securities | | $ | — | | $ | — | | $ | 4,187 | | $ | 780 | | $ | 4,187 | | $ | 780 |
| | | | | | | | | | | | | | | | | | | | | Less than 12 Months | | 12 Months or More | | Total | | | | | | Gross | | | | | Gross | | | | | Gross | | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | | | Value | | Losses | | Value | | Losses | | Value | | Losses | | | | (In Thousands) | December 31, 2024: | | | | | | | | | | | | | | | | | | | Mortgage-backed securities - residential: | | | | | | | | | | | | | | | | | | | Federal Home Loan Mortgage Corporation | | $ | — | | $ | — | | $ | 634 | | $ | 110 | | $ | 634 | | $ | 110 | Federal National Mortgage Association | | | — | | | — | | | 1,500 | | | 177 | | | 1,500 | | | 177 | Collateralized mortgage obligations – GSE | | | — | | | — | | | 2,158 | | | 624 | | | 2,158 | | | 624 | Total mortgage-backed securities | | $ | — | | $ | — | | $ | 4,292 | | $ | 911 | | $ | 4,292 | | $ | 911 |
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