Equity securities are defined to include (a) preferred, common and other ownership interests in entities including partnerships, joint ventures and limited liability companies and (b) rights to acquire or dispose of ownership interest in entities at fixed or determinable prices.

The following is a summary of unrealized and realized gains and losses recognized in net income (loss) on equity securities during the three and six months ended June 30, 2026, 2025 and 2024:


	For the three months ended June 30,						For the six months ended June 30,
(In Thousands)	2026		2025		2024		2026		2025		2024
Net losses recognized during the period on equity securities held at the reporting date	$	(172)	$	(108)	$	(222)	$	(265)	$	(223)	$	(92)
Net losses recognized during the period on equity securities sold during the period		(76)		-		-		(76)		-		-
Realized and unrealized losses on equity investments during the reporting period	$	(248)	$	(108)	$	(222)	$	(341)	$	(223)	$	(92)

Note 6 - Securities (continued)

Debt Securities Available for Sale

The following tables present by maturity the amortized cost, gross unrealized gains and losses on, and fair value of, securities available for sale as of June 30, 2026 and December 31, 2025:




	June 30, 2026
			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
	(In Thousands)
Residential Mortgage-backed securities:
More than one to five years	$	978	$	-	$	43	$	935
More than five to ten years		1,154		-		50		1,104
More than ten years		82,993		290		2,977		80,306
Sub-total:		85,125		290		3,070		82,345

Corporate Debt securities:
Due within one year		500		-		-		500
More than one to five years		14,292		46		210		14,128
More than five to ten years		52,022		388		955		51,455
Sub-total:		66,814		434		1,165		66,083

Total securities	$	151,939	$	724	$	4,235	$	148,428



	December 31, 2025
			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
	(In Thousands)
Residential Mortgage-backed securities:
More than one to five years	$	754	$	-	$	23	$	731
More than five to ten years		1,787		-		64		1,723
More than ten years		74,040		591		2,599		72,032
Sub-total:		76,581		591		2,686		74,486

Corporate Debt securities:
More than one to five years		15,791		99		194		15,696
More than five to ten years		32,274		135		1,209		31,200
More than ten years		5,000		13		-		5,013
Sub-total:		53,065		247		1,403		51,909

Total securities	$	129,646	$	838	$	4,089	$	126,395

‎

The unrealized losses, categorized by the length of time of continuous loss position, and fair value of related securities available for sale were as follows:



	12 Months or Less				More than 12 Months				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
	(In Thousands)
June 30 2026
Residential mortgage-backed securities	$	31,103	$	269	$	25,388	$	2,801	$	56,491	$	3,070
Corporate Debt securities		11,627		123		30,220		1,042		41,847		1,165
	$	42,730	$	392	$	55,608	$	3,843	$	98,338	$	4,235

December 31, 2025
Residential mortgage-backed securities	$	10,908	$	37	$	27,036	$	2,649	$	37,944	$	2,686
Corporate Debt securities		-		-		30,859		1,403		30,859		1,403
	$	10,908	$	37	$	57,895	$	4,052	$	68,803	$	4,089