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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2022
Fair Value Measurements [Abstract] |
Schedule of Assets Measured at Fair Value on a Recurring Basis |
| Fair Value Measurements at Reporting Date Using
|  |  |  |  |  |  | Significant |  | Significant
|  |  |  |  |  |  | Other Observable |  | Unobservable
|  |  |  |  |  |  | Inputs |  | Inputs
(In thousands) | Total |  | Level 1 |  | Level 2 |  | Level 3
June 30, 2022 |  |  |  |  |  |  |  |  |  |  |
State and municipal securities | $ | 11,339 |  | $ | — |  | $ | 11,339 |  | $ | —
Asset-backed securities |  | 6,929 |  |  | — |  |  | 6,929 |  |  | —
Government mortgage-backed securities |  | 12,900 |  |  | — |  |  | 12,900 |  |  | —
Totals | $ | 31,168 |  | $ | — |  | $ | 31,168 |  | $ | —
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |
State and municipal securities | $ | 12,591 |  | $ | — |  | $ | 12,591 |  | $ | —
Asset-backed securities |  | 8,255 |  |  | — |  |  | 8,255 |  |  | —
Government mortgage-backed securities |  | 15,991 |  |  | — |  |  | 15,991 |  |  | —
Totals | $ | 36,837 |  | $ | — |  | $ | 36,837 |  | $ | —
Schedule of Assets Measured at Fair Value on a Nonrecurring Basis |
| Fair Value Measurements at Reporting Date Using:
|  |  |  | Quoted Prices in |  | Significant |  | Significant
|  |  |  | Active Markets for |  | Other Observable |  | Unobservable
|  |  |  | Identical Assets |  | Inputs |  | Inputs
(In thousands) | Total |  | Level 1 |  | Level 2 |  | Level 3
June 30, 2022 |  |  |  |  |  |  |  |  |  |  |
Impaired loans |  |  |  |  |  |  |  |  |  |  |
Commercial | $ | 301 |  | $ | — |  | $ | — |  | $ | 301
Totals | $ | 301 |  | $ | — |  | $ | — |  | $ | 301
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |
Impaired loans |  |  |  |  |  |  |  |  |  |  |
Commercial | $ | 361 |  |  | — |  | $ | — |  | $ | 361
Totals | $ | 361 |  | $ | — |  | $ | — |  | $ | 361
Schedule of Valuation Methodology and Unobservable Inputs for Level 3 Assets Measured at Fair Value on a Nonrecurring Basis |
(In thousands) | Fair Value |  | Valuation Technique |  | Unobservable Input |  | Range
June 30, 2022 |  |  |  |  |  |  |  |
Impaired loans |  |  |  |  |  |  |  |
Commercial | $ | 301 |  | Business valuation |  | Comparable company evaluations |  | 0% - 28%
December 31, 2021 |  |  |  |  |  |  |  |
Impaired loans |  |  |  |  |  |  |  |
Commercial | $ | 361 |  | Business valuation |  | Comparable company evaluations |  | 0% - 24%
Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments, Held or Issued for Purposes Other Than Trading |
| Carrying |  | Fair Value
(In thousands) | Amount |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 154,804 |  | $ | 154,804 |  | $ | — |  | $ | — |  | $ | 154,804
Available-for-sale debt securities |  | 31,168 |  |  | — |  |  | 31,168 |  |  | — |  |  | 31,168
Federal Home Loan Bank of Boston stock |  | 3,743 |  |  | N/A |  |  | N/A |  |  | N/A |  |  | N/A
Loans, net |  | 1,514,245 |  |  | — |  |  | — |  |  | 1,477,514 |  |  | 1,477,514
Accrued interest receivable |  | 5,765 |  |  | — |  |  | 5,765 |  |  | — |  |  | 5,765
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | 1,439,872 |  |  | — |  |  | 1,439,789 |  |  | — |  |  | 1,439,789
Borrowings |  | 91,500 |  |  | — |  |  | 91,223 |  |  | — |  |  | 91,223
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 153,115 |  | $ | 153,115 |  | $ | — |  | $ | — |  | $ | 153,115
Available-for-sale debt securities |  | 36,837 |  |  | — |  |  | 36,837 |  |  | — |  |  | 36,837
Federal Home Loan Bank of Boston stock |  | 785 |  |  | N/A |  |  | N/A |  |  | N/A |  |  | N/A
Loans and loans held for sale, net |  | 1,456,649 |  |  | — |  |  | — |  |  | 1,468,013 |  |  | 1,468,013
Accrued interest receivable |  | 5,703 |  |  | — |  |  | 5,703 |  |  | — |  |  | 5,703
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | 1,459,895 |  |  | — |  |  | 1,459,841 |  |  | — |  |  | 1,459,841
Borrowings |  | 13,500 |  |  | — |  |  | 13,698 |  |  | — |  |  | 13,698

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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