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 nine months ended September 30, 2026 and 2025:

Note 5 - 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 September 30, 2026 and December 31, 2025:




	September 30, 2026
			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
	(In Thousands)
Residential Mortgage-backed securities:
More than one to five years	$	885	$	-	$	48	$	837
More than five to ten years		1,056		-		62		994
More than ten years		80,003		45		6,853		73,195
Sub-total:		81,944		45		6,963		75,026

Corporate Debt securities:
Due within one year		500		-		-		500
More than one to five years		13,493		-		232		13,261
More than five to ten years		47,250		172		1,236		46,186
Sub-total:		61,243		172		1,468		59,947

Total securities	$	143,187	$	217	$	8,431	$	134,973



	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)
September 30, 2026
Residential mortgage-backed securities	$	48,005	$	2,826	$	23,416	$	4,137	$	71,421	$	6,963
Corporate Debt securities		26,156		596		25,619		872		51,775		1,468
	$	74,161	$	3,422	$	49,035	$	5,009	$	123,196	$	8,431

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