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Investment Securities (Tables)
 12 Months Ended
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of Comparison of Amortized Cost and Fair Value of Securities Available for Sale
Following is a comparison of the amortized cost and approximate fair value of available-for-sale debt securities at December 31, 2024, and December 31, 2023:
(In thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value (Carrying Amount)
December 31, 2024
Securities available for sale:
U.S. Government agencies$2,666 $— $(22)$2,644 
U.S. Government sponsored entities and agencies collateralized by mortgage obligations92,121 4 (13,244)78,881 
Municipal bonds50,082 — (7,715)42,367 
Corporate bonds34,884 34 (1,428)33,490 
Total securities available for sale$179,753 $38 $(22,409)$157,382 
December 31, 2023   
Securities available for sale:    
U.S. Government agencies$6,197 $4 $(45)$6,156 
U.S. Government sponsored entities and agencies collateralized by mortgage obligations100,487 4 (12,307)88,184 
Municipal bonds50,382 — (8,017)42,365 
Corporate bonds34,814 24 (2,715)32,123 
U.S. Treasury securities12,510 — (72)12,438 
Total securities available for sale$204,390 $32 $(23,156)$181,266 
Schedule of Contractual Maturities on Collateralized Mortgage Obligations
The amortized cost and fair value of securities available for sale at December 31, 2024, by contractual maturity, are shown below:
 December 31, 2024
(In thousands)Amortized CostFair Value (Carrying Amount)
Due in one year or less$5,417 $5,364 
Due after one year through five years30,808 29,307 
Due after five years through ten years51,407 43,830 
Due after ten years5 5 
U.S. Government sponsored entities & agencies collateralized by mortgage obligations92,116 78,876 
 $179,753 $157,382 
Schedule of Available for Sale Debt Securities
The following summarizes available-for-sale debt securities in an unrealized loss position for which a credit loss has not been recorded at December 31, 2024, and 2023:
 Less than 12 Months12 Months or MoreTotal
(In thousands)Fair Value (Carrying Amount)Unrealized LossesFair Value (Carrying Amount)Unrealized LossesFair Value (Carrying Amount)Unrealized Losses
December 31, 2024
Securities available for sale:
U.S. Government agencies$— $— $2,644 $(22)$2,644 $(22)
U.S. Government sponsored entities and agencies collateralized by mortgage obligations1,640 (6)76,686 (13,238)78,326 (13,244)
Municipal bonds2,509 (501)39,858 (7,214)42,367 (7,715)
Corporate bonds2,791 (28)24,696 (1,400)27,487 (1,428)
Total available-for-sale$6,940 $(535)$143,884 $(21,874)$150,824 $(22,409)
December 31, 2023      
Securities available for sale:      
U.S. Government agencies$— $— $4,064 $(45)$4,064 $(45)
U.S. Government sponsored entities and agencies collateralized by mortgage obligations— — 87,904 (12,307)87,904 (12,307)
Municipal bonds— — 42,365 (8,017)42,365 (8,017)
Corporate bonds— — 27,286 (2,715)27,286 (2,715)
U.S. Treasury securities— — 12,438 (72)12,438 (72)
Total available-for-sale$— $— $174,057 $(23,156)$174,057 $(23,156)
The following summarizes the number of available-for-sale debt securities in an unrealized loss position for which a credit loss has not been recorded at December 31, 2024, and 2023
December 31,
20242023
Securities available for sale:
U.S. Government agencies5 4 
U.S. Government sponsored entities and agencies collateralized by mortgage obligations41 46 
Municipal bonds46 45
Corporate bonds8 8 
U.S. Treasury securities— 2 
Total available-for-sale100 105