v3.26.1
SECURITIES (Tables)
 12 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Summary of amortized cost of securities available for sale and their estimated fair value
The amortized cost of securities available-for-sale and their estimated fair values at December 31, 2025 and 2024 are as follows:
Amortized
Cost
Gross Unrealized Gains
Gross Unrealized LossesEstimated
Fair
Value
(In thousands)
December 31, 2025
U.S. Treasury Notes$96,546 $15 $(776)$95,785 
Corporate Bonds41,392 574 (989)40,977 
U.S. Government agency obligations599 — (32)567 
Obligations issued by U.S. states and their political subdivisions
6,289 — (174)6,115 
Mortgage-backed securities:
Residential 152,865 557 (15,246)138,176 
Multifamily16,396 18 (723)15,691 
Asset-backed securities4,047 — (131)3,916 
Total$318,134 $1,164 $(18,071)$301,227 
December 31, 2024
U.S. Treasury Notes$41,259 $40 $(1,160)$40,139 
Corporate Bonds75,122 389 (2,357)73,154 
U.S. Government agency obligations874 — (62)812 
Obligations issued by U.S. states and their political subdivisions
6,357 — (333)6,024 
Mortgage-backed securities:
Residential 171,754 9 (22,722)149,041 
Multifamily19,776 — (1,033)18,743 
Asset-backed securities9,312 — (197)9,115 
Total$324,454 $438 $(27,864)$297,028 
Summary of amortized cost of securities held to maturity and their estimated fair value
The amortized cost of securities held-to-maturity, allowance for credit losses and their estimated fair values at December 31, 2025 and 2024, are as follows:
Amortized CostGross Unrecognized GainsGross Unrecognized LossesEstimated
Fair
Value
(In thousands)
December 31, 2025
Asset-backed securities$8,507 $— $(472)$8,035 
Corporate bonds18,600 5 (1,012)17,593 
Total$27,107 $5 $(1,484)$25,628 
Allowance for credit loss(91)
$27,016 
December 31, 2024
Asset-backed securities$14,574 $— $(993)$13,581 
Corporate bonds18,600 — (2,186)16,414 
Total$33,174 $— $(3,179)$29,995 
Allowance for credit loss(98)
$33,076 
Summary of amortized cost and fair value of debt securities shown by contractual maturity
The amortized cost and fair value of debt securities are shown below by contractual maturity at December 31, 2025. Expected maturities on mortgage and asset-backed securities generally exceed 20 years; however, they may differ from contractual maturities as borrowers may have the right to call or prepay obligations with or without penalties.
Amortized Cost (1)
Estimated Fair Value
(In thousands)
Available-for-sale
Due in one year or less$95,096 $92,121 
Due from one year to five years34,471 23,618 
Due from five to ten years8,313 21,535 
Due after ten years6,946 6,170 
144,826 143,444 
Mortgage-backed and asset-backed securities173,308 157,783 
Total$318,134 $301,227 
Held-to-maturity
Due from five to ten years $18,600 $17,593 
18,600 17,593 
Asset-backed securities8,507 8,035 
Total$27,107 $25,628 
(1) Excludes the allowance for credit losses on held-to-maturity securities at December 31, 2025.
Summary of credit profile of debt securities held-to-maturity
The table below indicates the credit profile of the Company’s debt securities held-to-maturity at amortized cost at December 31, 2025 and December 31, 2024.
December 31, 2025AAAA1BBB+BBBBBB-Total
(In thousands)
Corporate bonds$— $— $1,600 $16,000 $1,000 $18,600 
Asset-backed securities8,507 — — — — 8,507 
Total$8,507 $— $1,600 $16,000 $1,000 $27,107 
December 31, 2024AAAA1BBB+BBBBBB-Total
(In thousands)
Corporate bonds$— $— $1,600 $16,000 $1,000 $18,600 
Asset-backed securities8,677 5,897 — — — 14,574 
Total$8,677 $5,897 $1,600 $16,000 $1,000 $33,174 
Summary of available-for-sale securities with unrealized losses
The following table summarizes available-for-sale securities with unrealized losses at December 31, 2025 and 2024, aggregated by major security type and length of time in a continuous loss position.
Less than 12 Months12 Months or MoreTotal
Unrealized LossesEstimated
Fair Value		Unrealized LossesEstimated
Fair Value		Number of SecuritiesUnrealized LossesEstimated
Fair Value
(Dollars in thousands)
December 31, 2025
U.S. Treasury Note$— $— $(776)$6,170 1$(776)$6,170 
Corporate Bonds— — (989)16,528 7(989)16,528 
U.S. Government agency obligations— — (32)567 2(32)567 
Obligations issued by U.S. states and their political subdivisions(1)739 (174)5,376 5(175)6,115 
Mortgage-backed securities:
Residential(6)1,369 (15,240)105,700 43(15,246)107,069 
Multifamily— — (723)14,194 4(723)14,194 
Asset-backed securities— — (131)3,916 2(131)3,916 
Total available-for-sale$(7)$2,108 $(18,065)$152,451 64$(18,072)$154,559 
December 31, 2024
U.S. Treasury Note$— $— $(1,160)$5,776 1$(1,160)$5,776 
Corporate Bonds— — (2,357)39,286 19(2,357)39,286 
U.S. Government agency obligations— — (62)812 2(62)812 
Obligations issued by U.S. states and their political subdivisions— — (333)6,024 5(333)6,024 
Mortgage-backed securities:
Residential (64)18,888 (22,658)112,396 47(22,722)131,284 
Multifamily(56)11,237 (977)7,506 5(1,033)18,743 
Asset-backed securities— — (197)4,115 2(197)4,115 
Total available-for-sale$(120)$30,125 $(27,744)$175,915 81$(27,864)$206,040 
Summary of held-to-maturity debt securities with unrealized losses
The following table summarizes held-to-maturity securities with unrealized losses at December 31, 2025 and December 31, 2024 aggregated by major security type and length of time in a continuous loss position.
Less than 12 Months12 Months or MoreTotal
Unrealized LossesEstimated
Fair Value		Unrealized LossesEstimated
Fair Value		Number of SecuritiesUnrealized LossesEstimated
Fair Value
(Dollars in thousands)
December 31, 2025
Corporate Bonds$— $— $(1,012)$14,588 8$(1,012)$14,588 
Asset-backed securities— — (472)8,035 1(472)8,035 
Total held-to-maturity$— $— $(1,484)$22,623 9$(1,484)$22,623 
December 31, 2024
Corporate Bonds$— $— $(2,186)$16,414 9$(2,186)$16,414 
Asset-backed securities— — (993)13,581 2(993)13,581 
Total held-to-maturity$— $— $(3,179)$29,995 11$(3,179)$29,995