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Investment Securities (Tables)
6 Months Ended
Jun. 30, 2022
Investment Securities [Abstract]  
Summary of Amortized Cost and Fair Value of Securities Available-for-Sale

Amortized

Gross

Gross

Cost

Unrealized

Unrealized

Fair

(In thousands)

Basis

Gains

Losses

Value

June 30, 2022

State and municipal securities

$

11,948

$

12

$

621

$

11,339

Asset-backed securities

7,603

674

6,929

Government mortgage-backed securities

13,766

866

12,900

Total debt securities available-for-sale

$

33,317

$

12

$

2,161

$

31,168

December 31, 2021

State and municipal securities

$

12,002

$

625

$

36

$

12,591

Asset-backed securities

8,141

118

4

8,255

Government mortgage-backed securities

15,842

208

59

15,991

Total debt securities available-for-sale

$

35,985

$

951

$

99

$

36,837

Schedule of Maturities of Debt Securities

Available-for-Sale

Amortized

Fair

(In thousands)

Cost

Value

Due after one year through five years

$

576

$

569

Due after five years through ten years

1,171

1,173

Due after ten years

10,201

9,597

Government mortgage-backed securities

13,766

12,900

Asset-backed securities

7,603

6,929

$

33,317

$

31,168

Schedule of Aggregate Fair Value and Unrealized Losses of Securities

Less than 12 Months

12 Months or Longer

Total

Fair

Unrealized

Fair

Unrealized

Fair

Unrealized

(In thousands)

Value

Losses

Value

Losses

Value

Losses

June 30, 2022

Temporarily impaired securities:

State and municipal

$

8,722

$

621

$

$

$

8,722

$

621

Asset-backed securities

6,930

674

6,930

674

Government mortgage-backed securities

12,815

856

85

10

12,900

866

Total temporarily impaired debt securities

$

28,467

$

2,151

$

85

$

10

$

28,552

$

2,161

December 31, 2021

Temporarily impaired securities:

State and municipal

$

2,950

$

36

$

$

$

2,950

$

36

Asset-backed securities

4,797

4

4,797

4

Government mortgage-backed securities

5,022

54

113

5

5,135

59

Total temporarily impaired debt securities

$

12,769

$

94

$

113

$

5

$

12,882

$

99