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Securities (Tables) | 9 Months Ended
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Sep. 30, 2024
Securities |
Reconciliation From Amortized Cost to Estimated Fair Value of Marketable Securities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2024
​ |  | ​ | ​ |  | Gross |  | Gross | ​ | ​ | Allowance |  | ​ | ​
​ | ​ | Amortized | ​ | unrealized | ​ | unrealized | ​ | ​ | for credit | ​ | Estimated
(In thousands) | ​ | cost | ​ | gains | ​ | losses | ​ | ​ | losses | ​ | fair value
Available for sale: |  | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ | ​ |  | ​ |
U.S. Government sponsored entities | ​ | $ | 15,000 | ​ | $ | — | ​ | $ | (162) | ​ | $ | — | ​ | $ | 14,838
State and political subdivisions | ​ |  | 368 | ​ |  | — | ​ |  | (23) | ​ | ​ | — | ​ |  | 345
Residential mortgage-backed securities | ​ |  | 14,067 | ​ |  | 30 | ​ |  | (1,095) | ​ | ​ | — | ​ |  | 13,002
Asset backed securities | ​ | ​ | 41,750 | ​ | ​ | 63 | ​ | ​ | (11) | ​ | ​ | — | ​ | ​ | 41,802
Corporate and other securities | ​ |  | 31,742 | ​ |  | 173 | ​ |  | (2,322) | ​ | ​ | (1,929) | ​ |  | 27,664
Total debt securities available for sale | ​ | $ | 102,927 | ​ | $ | 266 | ​ | $ | (3,613) | ​ | $ | (1,929) | ​ | $ | 97,651
Held to maturity: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​
U.S. Government sponsored entities | ​ | $ | 28,000 | ​ | $ | — | ​ | $ | (3,652) | ​ | $ | — | ​ | $ | 24,348
State and political subdivisions | ​ |  | 1,218 | ​ |  | 99 | ​ |  | — | ​ | ​ | — | ​ |  | 1,317
Residential mortgage-backed securities | ​ |  | 7,007 | ​ |  | — | ​ |  | (2,126) | ​ | ​ | — | ​ |  | 4,881
Total debt securities held to maturity | ​ | $ | 36,225 | ​ | $ | 99 | ​ | $ | (5,778) | ​ | $ | — | ​ | $ | 30,546
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2023
​ | ​ | ​ | ​ |  | Gross |  | Gross | ​ | ​ | Allowance |  | ​ | ​
​ | ​ | Amortized | ​ | unrealized | ​ | unrealized | ​ | ​ | for credit | ​ | Estimated
(In thousands) | ​ | cost | ​ | gains | ​ | losses | ​ | ​ | losses | ​ | fair value
Available for sale: | ​ | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ | ​ |  | ​ |
U.S. Government sponsored entities | ​ | $ | 16,490 | ​ | $ | — | ​ | $ | (457) | ​ | $ | — | ​ | $ | 16,033
State and political subdivisions | ​ |  | 388 | ​ |  | — | ​ |  | (28) | ​ | ​ | — | ​ |  | 360
Residential mortgage-backed securities | ​ |  | 15,473 | ​ |  | 30 | ​ |  | (1,426) | ​ | ​ | — | ​ |  | 14,077
Asset backed securities | ​ | ​ | 35,750 | ​ | ​ | — | ​ | ​ | (347) | ​ | ​ | — | ​ | ​ | 35,403
Corporate and other securities | ​ |  | 29,453 | ​ |  | 251 | ​ |  | (2,529) | ​ | ​ | (1,283) | ​ |  | 25,892
Total debt securities available for sale | ​ | $ | 97,554 | ​ | $ | 281 | ​ | $ | (4,787) | ​ | $ | (1,283) | ​ | $ | 91,765
Held to maturity: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​
U.S. Government sponsored entities | ​ | $ | 28,000 | ​ | $ | — | ​ | $ | (4,419) | ​ | $ | — | ​ | $ | 23,581
State and political subdivisions | ​ |  | 1,272 | ​ |  | 90 | ​ |  | — | ​ | ​ | — | ​ |  | 1,362
Residential mortgage-backed securities | ​ |  | 6,850 | ​ |  | — | ​ |  | (2,137) | ​ | ​ | — | ​ |  | 4,713
Total debt securities held to maturity | ​ | $ | 36,122 | ​ | $ | 90 | ​ | $ | (6,556) | ​ | $ | — | ​ | $ | 29,656
Schedule of Marketable Securities By Contractual Maturity | ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amortized | ​ | ​ | Fair
(In thousands) | ​ | Cost | ​ | ​ | Value
Available for sale: | ​ | ​ | ​ | ​ |
Due in one year | $ | 3,285 | ​ | $ | 3,239
Due after one year through five years | ​ | 30,283 | ​ | ​ | 27,524
Due after five years through ten years | ​ | 19,289 | ​ | ​ | 17,836
Due after ten years | ​ | 36,003 | ​ | ​ | 36,050
Residential mortgage-backed securities | ​ | 14,067 | ​ | ​ | 13,002
Total | $ | 102,927 | ​ | $ | 97,651
Held to maturity: | ​ | ​ | ​ | ​ | ​
Due in one year | $ | — | ​ | $ | —
Due after one year through five years | ​ | 3,000 | ​ | ​ | 2,977
Due after five years through ten years | ​ | — | ​ | ​ | —
Due after ten years | ​ | 26,218 | ​ | ​ | 22,688
Residential mortgage-backed securities | ​ | 7,007 | ​ | ​ | 4,881
Total | $ | 36,225 | ​ | $ | 30,546
Schedule of Marketable Securities In Unrealized Loss Position | The fair value of debt securities with unrealized losses by length of time that the individual securities have been in a continuous unrealized loss position at September 30, 2024 and December 31, 2023 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | September 30, 2024
​ | ​ | ​ | Less than 12 months | ​ | 12 months and greater | ​ | Total
​ |  |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | ​ | Estimated | ​ | Unrealized | ​ | Estimated | ​ | Unrealized | ​ | Estimated | ​ | Unrealized
(In thousands) | ​ | ​ | fair value | ​ | loss | ​ | fair value | ​ | loss | ​ | fair value | ​ | loss
Available for sale: |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
U.S. Government sponsored entities |  | ​ | $ | — | ​ | $ | — | ​ | $ | 14,838 | ​ | $ | (162) | ​ | $ | 14,838 | ​ | $ | (162)
State and political subdivisions |  | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 345 | ​ | ​ | (23) | ​ | ​ | 345 | ​ | ​ | (23)
Residential mortgage-backed securities |  | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 12,852 | ​ | ​ | (1,095) | ​ | ​ | 12,852 | ​ | ​ | (1,095)
Asset backed securities | ​ | ​ | ​ | 13,290 | ​ | ​ | (10) | ​ | ​ | 5,998 | ​ | ​ | (1) | ​ | ​ | 19,288 | ​ | ​ | (11)
Corporate and other securities |  | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 17,357 | ​ | ​ | (2,322) | ​ | ​ | 17,357 | ​ | ​ | (2,322)
Total | ​ | ​ | $ | 13,290 | ​ | $ | (10) | ​ | $ | 51,390 | ​ | $ | (3,603) | ​ | $ | 64,680 | ​ | $ | (3,613)
Held to maturity: |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
U.S. Government sponsored entities |  | ​ | $ | — | ​ | $ | — | ​ | $ | 24,348 | ​ | $ | (3,652) | ​ | $ | 24,348 | ​ | $ | (3,652)
Residential mortgage-backed securities | ​ | ​ | ​ | — | ​ | $ | — | ​ | ​ | 4,881 | ​ | ​ | (2,126) | ​ | ​ | 4,881 | ​ | ​ | (2,126)
Total |  | ​ | $ | — | ​ | $ | — | ​ | $ | 29,229 | ​ | $ | (5,778) | ​ | $ | 29,229 | ​ | $ | (5,778)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | December 31, 2023
​ | ​ | ​ | Less than 12 months | ​ | 12 months and greater | ​ | Total
​ |  |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | ​ | Estimated | ​ | Unrealized | ​ | Estimated | ​ | Unrealized | ​ | Estimated | ​ | Unrealized
(In thousands) | ​ | ​ | fair value | ​ | loss | ​ | fair value | ​ | loss | ​ | fair value | ​ | loss
Available for sale: |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
U.S. Government sponsored entities |  | ​ | $ | — | ​ | $ | — | ​ | $ | 16,033 | ​ | $ | (457) | ​ | $ | 16,033 | ​ | $ | (457)
State and political subdivisions |  | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 360 | ​ | ​ | (28) | ​ | ​ | 360 | ​ | ​ | (28)
Residential mortgage-backed securities |  | ​ |  | — | ​ | ​ | — | ​ | ​ | 13,949 | ​ | ​ | (1,426) | ​ | ​ | 13,949 | ​ | ​ | (1,426)
Asset backed securities | ​ | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 35,403 | ​ | ​ | (347) | ​ | ​ | 35,403 | ​ | ​ | (347)
Corporate and other securities |  | ​ | ​ | — | ​ |  | — | ​ |  | 24,424 | ​ |  | (2,529) | ​ |  | 24,424 | ​ |  | (2,529)
Total temporarily impaired AFS securities |  | ​ | $ | — | ​ | $ | — | ​ | $ | 90,169 | ​ | $ | (4,787) | ​ | $ | 90,169 | ​ | $ | (4,787)
Held to maturity: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | ​
U.S. Government sponsored entities |  | ​ | $ | — | ​ | $ | — | ​ | $ | 23,581 | ​ | $ | (4,419) | ​ | $ | 23,581 | ​ | $ | (4,419)
Residential mortgage-backed securities |  | ​ |  | — | ​ |  | — | ​ |  | 4,713 | ​ |  | (2,137) | ​ |  | 4,713 | ​ |  | (2,137)
Total temporarily impaired HTM securities |  | ​ | $ | — | ​ | $ | — | ​ | $ | 28,294 | ​ | $ | (6,556) | ​ | $ | 28,294 | ​ | $ | (6,556)
Equity Securities, Gains and Losses | The following is a summary of unrealized and realized gains and losses recognized in net income on equity securities during the three and nine months ended September 30, 2024 and 2023: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended September 30, | ​ | For the nine months ended September 30,
(In thousands) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Net unrealized gains (losses) occurring during the period on equity securities | ​ | $ | 466 | ​ | $ | (144) | ​ | $ | 478 | ​ | $ | (853)
Net gains recognized during the period on equity securities sold during the period | ​ |  | 33 | ​ |  | 21 | ​ |  | 95 | ​ |  | 243
Gains (losses) recognized during the reporting period on equity securities | ​ | $ | 499 | ​ | $ | (123) | ​ | $ | 573 | ​ | $ | (610)

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