v3.26.1
Available-for-Sale Securities (Tables)
 6 Months Ended
Jun. 30, 2026
Investments [Abstract]  
Schedule of Available-for-sale Securities
The amortized cost, gross unrealized gains, gross unrealized losses and fair values of available-for-sale securities at June 30, 2026 and December 31, 2025 are as follows:
(In thousands)Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair Value
June 30, 2026
Government sponsored enterprise "GSE" debentures18,859 — (3,498)15,361 
U. S. Government agency mortgage-backed-securities195,814 — (8,910)186,905 
GSE mortgage-backed-securities22,706 — (4,866)17,840 
Total mortgage-backed-securities218,520 — (13,776)204,745 
Corporate bonds15,997 — (2,844)13,153 
Subordinated notes4,000 — (139)3,861 
SBA loan pools3,931 — (705)3,226 
Total available-for-sale securities$261,307 $— $(20,961)$240,345 
December 31, 2025:
Government sponsored enterprise "GSE" debentures18,850 — (3,392)15,458 
U. S. Government agency mortgage-backed-securities150,821 — (5,073)145,748 
GSE mortgage-backed-securities47,557 215 (4,909)42,863 
Total mortgage-backed-securities198,377 215 (9,982)188,610 
Corporate bonds15,996 — (2,533)13,464 
Subordinated notes4,000 — (248)3,752 
SBA loan pools4,146 — (752)3,393 
Total available-for-sale securities$241,370 $215 $(16,908)$224,677 
Schedule of Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value
The following table presents the available-for-sale securities’ gross unrealized losses and fair value, aggregated by the length of time the individual securities have been in a continuous loss position as of June 30, 2026 and December 31, 2025:
(In thousands)Less than 12 Months12 Months or MoreTotal
Fair Value Unrealized (Loss) Fair Value Unrealized (Loss) Fair Value Unrealized (Loss)
June 30, 2026
Government sponsored enterprise "GSE" debentures$— $— $15,361 $(3,498)$15,361 $(3,498)
U. S. Government agency mortgage-backed-securities161,792 (4,336)25,112 (4,573)186,905 (8,910)
GSE mortgage-backed-securities— — 17,840 (4,866)17,840 (4,866)
Total mortgage-backed-securities161,792 (4,336)42,953 (9,439)204,745 (13,776)
Corporate bonds— — 13,153 (2,844)13,153 (2,844)
Subordinated notes— — 3,861 (139)3,861 (139)
SBA loan pools— — 3,226 (705)3,226 (705)
Total available-for-sale securities$161,792 $(4,336)$78,553 $(16,625)$240,345 $(20,961)
December 31, 2025:
Government sponsored enterprise "GSE" debentures$— $— $15,458 $(3,392)$15,458 $(3,392)
U. S. Government agency mortgage-backed-securities119,770 (855)25,986 (4,218)145,756 (5,073)
GSE mortgage-backed-securities4,452 (61)18,778 (4,848)23,230 (4,909)
Total mortgage-backed-securities124,222 (917)44,764 (9,066)168,986 (9,982)
Corporate bonds— — 13,464 (2,533)13,464 (2,533)
Subordinated notes— — 3,752 (248)3,752 (248)
SBA loan pools— — 3,393 (752)3,393 (752)
Total available-for-sale securities$124,222 $(917)$80,831 $(15,991)$205,052 $(16,908)
Schedule of Investments Classified by Contractual Maturity Date
The following summarizes, by class and contractual maturity, the amortized cost and estimated fair value of available-for-sale debt securities held as of June 30, 2026 and December 31, 2025. The mortgages underlying the mortgage-backed securities are not due at a single maturity date. Additionally, these mortgages often are and generally may be pre-paid without penalty, creating a degree of uncertainty that such investments can be held until maturity. For convenience, mortgage-backed securities have been included in the summary as a separate line item.
(In thousands)Amortized CostFair Value
Due
Within
5 years		Due After
5 years
through
10 years		Due
After
10 years		TotalDue
Within
5 years		Due After
5 years
through
10 years		Due
After
10 years		Total
June 30, 2026
Corporate bonds$15,997 $— $— $15,997 $13,153 $— $— $13,153 
Subordinated notes3,000 1,000 — 4,000 2,919 941 — 3,861 
SBA loan pools— — 3,931 3,931 — — 3,226 3,226 
Government sponsored enterprise "GSE" debentures— 8,869 9,990 18,859 — 7,339 8,021 15,361 
Total debt securities18,997 9,869 13,921 42,787 16,072 8,280 11,247 35,601 
U. S. Government agency mortgage-backed-securities$— $— $195,814 $195,814 $— $— $186,905 $186,905 
GSE mortgage-backed-securities$— $173 $22,533 $22,706 $— $165 $17,675 $17,840 
Total mortgage-backed-securities$— $173 $218,347 $218,520 $— $165 $204,580 $204,745 
Total available-for-sale securities$18,997 $10,042 $232,268 $261,307 $16,073 $8,446 $215,827 $240,345 
December 31, 2025:
Corporate bonds$— $15,996 $— $15,996 $— $13,464 $— $13,464 
Subordinated notes3,000 1,000 — 4,000 2,807 945 — 3,752 
SBA loan pools— — 4,146 4,146 — — 3,393 3,393 
Government sponsored enterprise "GSE" debentures— 4,946 13,904 18,850 — 4,191 11,267 15,458 
Total debt securities3,000 21,942 18,050 42,992 2,807 18,600 14,660 36,067 
U. S. Government agency mortgage-backed-securities$— $— $150,822 $150,822 $— $— $145,748 $145,748 
GSE mortgage-backed-securities$— $188 $47,369 $47,557 $— $181 $42,681 $42,863 
Total mortgage-backed-securities$— $188 $198,190 $198,377 $— $181 $188,429 $188,610 
Total available-for-sale securities$3,000 $22,130 $216,240 $241,370 $2,807 $18,780 $203,090 $224,677