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Debt Securities (Tables) | 6 Months Ended
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Jun. 30, 2023
Debt Securities [Abstract] |
Summary of Amortized Cost and Fair Value of Securities Available-for-Sale | The following table summarizes the amortized cost, allowance for credit losses, and fair value of debt securities available-for-sale at June 30, 2023 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income:
| Amortized |  | Gross |  | Gross |  |  | Allowance |  |
| Cost |  | Unrealized |  | Unrealized |  |  | for Credit |  | Fair
(In thousands) | Basis |  | Gains |  | Losses |  |  | Losses |  | Value
June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |
State and municipal securities | $ | 11,840 |  | $ | 2 |  | $ | 646 |  | $ | — |  | $ | 11,196
Asset-backed securities |  | 6,945 |  |  | — |  |  | 825 |  |  | — |  |  | 6,120
Government mortgage-backed securities |  | 11,328 |  |  | — |  |  | 988 |  |  | — |  |  | 10,340
Total debt securities available-for-sale | $ | 30,113 |  | $ | 2 |  | $ | 2,459 |  | $ | — |  | $ | 27,656
The following table summarizes the amortized cost and fair value of securities available-for-sale at December 31, 2022 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income:
| Amortized |  | Gross |  | Gross |  |
| Cost |  | Unrealized |  | Unrealized |  | Fair
(In thousands) | Basis |  | Gains |  | Losses |  | Value
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |
State and municipal securities | $ | 11,894 |  | $ | 2 |  | $ | 825 |  | $ | 11,071
Asset-backed securities |  | 7,197 |  |  | — |  |  | 923 |  |  | 6,274
Government mortgage-backed securities |  | 12,366 |  |  | — |  |  | 1,111 |  |  | 11,255
Total debt securities available-for-sale | $ | 31,457 |  | $ | 2 |  | $ | 2,859 |  | $ | 28,600
Schedule of Maturities of Debt Securities |
| Available-for-Sale
| Amortized |  | Fair
(In thousands) | Cost |  | Value
Due after one year through five years | $ | 863 |  | $ | 844
Due after five years through ten years |  | 1,468 |  |  | 1,464
Due after ten years |  | 9,509 |  |  | 8,888
Government mortgage-backed securities |  | 11,328 |  |  | 10,340
Asset-backed securities |  | 6,945 |  |  | 6,120
| $ | 30,113 |  | $ | 27,656
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, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Temporarily impaired securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
State and municipal securities | $ | 1,978 |  | $ | 14 |  | $ | 7,785 |  | $ | 632 |  | $ | 9,763 |  | $ | 646
Asset-backed securities |  | — |  |  | — |  |  | 6,120 |  |  | 825 |  |  | 6,120 |  |  | 825
Government mortgage-backed securities |  | — |  |  | — |  |  | 10,340 |  |  | 988 |  |  | 10,340 |  |  | 988
Total temporarily impaired debt securities | $ | 1,978 |  | $ | 14 |  | $ | 24,245 |  | $ | 2,445 |  | $ | 26,223 |  | $ | 2,459
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Temporarily impaired securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
State and municipal | $ | 8,174 |  | $ | 183 |  | $ | 2,297 |  | $ | 642 |  | $ | 10,471 |  | $ | 825
Asset-backed securities |  | 2,322 |  |  | 182 |  |  | 3,951 |  |  | 741 |  |  | 6,273 |  |  | 923
Government mortgage-backed securities |  | 7,428 |  |  | 474 |  |  | 3,827 |  |  | 637 |  |  | 11,255 |  |  | 1,111
Total temporarily impaired debt securities | $ | 17,924 |  | $ | 839 |  | $ | 10,075 |  | $ | 2,020 |  | $ | 27,999 |  | $ | 2,859

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- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI https://asc.fasb.org/topic&trid=2196928 + Details
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- Definition Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 55 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=121590138&loc=SL82922954-210456 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27290-111563 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=124269663&loc=SL82922888-210455 + Details
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