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Fair Value Measurements and Fair Value of Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2021
Fair Value Measurements and Fair Value of Financial Instruments [Abstract]  
Fair Value Measurements, Recurring   (Level 1)  (Level 2)   Quoted Prices in Significant (Level 3) Active Markets Other Significant for Identical Observable UnobservableDescription Total Assets Inputs Inputs (In Thousands)As of December 31, 2021:          Securities Available for Sale Debt Securities Available for Sale $ 85,186 $ - $ 85,186 $ - Marketable Equities 25,187   25,187   -   -Total Securities Available for Sale $ 110,373 $ 25,187 $ 85,186 $ - As of December 31, 2020:          Securities Available for Sale Debt Securities Available for Sale $ 99,756 $ - $ 99,756 $ - Marketable Equities 17,717 17,717 - -Total Securities Available for Sale $ 117,473 $ 17,717 $ 99,756 $ -
Fair Value Measurements, Nonrecurring   (Level 1)  (Level 2)   Quoted Prices in Significant (Level 3) Active Markets Other Significant for Identical Observable UnobservableDescription Total Assets Inputs Inputs (In Thousands)As of December 31, 2021:          Impaired loans $ 14,796  $ -  $ -  $ 14,796Other real estate owned $ 75 $ - $ - $ 75 As of December 31, 2020:          Impaired loans $ 10,130  $ -  $ -  $ 10,130Other real estate owned $ 414 $ - $ - $ 414
Quantitative Information about Level 3 Fair Value Measurements The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has utilized adjusted Level 3 inputs to determine fair value, (Dollars in thousands): Quantitative Information about Level 3 Fair Value Measurements Fair ValueValuationUnobservable Range EstimateTechniquesInput December 31, 2021: Impaired Loans$14,796Appraisal of collateral (1)Appraisal adjustments (2)0%-10% Other Real Estate Owned$75Appraisal of collateral (1)Appraisal adjustments (2)0%-10% Note 18- Fair Value Measurements and Fair Value of Financial Instruments (continued) Quantitative Information about Level 3 Fair Value Measurements Fair ValueValuationUnobservable Range EstimateTechniquesInput December 31, 2020: Impaired Loans$10,130Appraisal of collateral (1)Appraisal adjustments (2)0%-10% Other Real Estate Owned$414Appraisal of collateral (1)Appraisal adjustments (2)0%-10% (1)Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not identifiable.(2)Appraisals may be adjusted by management for qualitative factors such as age of appraisal, expected condition of property, economic conditions, and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.
Carrying Values and Estimated Fair Values of Financial Instruments As of December 31, 2021 Quoted Prices in Active Significant Significant Carrying Markets for Identical Assets Other Observable Inputs Unobservable Inputs Value Fair Value (Level 1) (Level 2) (Level 3) (In Thousands)Financial assets:          Cash and cash equivalents $ 411,629  $ 411,629   $ 411,629   $ - $ -Interest-earning time deposits 735  735    -   735  -Debt securities available for sale 85,186  85,186    -   85,186  -Equity investments 25,187  25,187  25,187  - -Loans held for sale 952  952    -   952  -Loans receivable, net 2,304,942  2,313,204    -   - 2,313,204 FHLB of New York stock, at cost 6,084  6,084    -   6,084  -Accrued interest receivable 9,183  9,183    -   9,183  - Financial liabilities:       Deposits 2,561,402  2,520,191    1,881,121    639,070  -Debt 71,711  71,214    -   71,214  -Subordinated debentures 37,275  45,020  - 45,020  -Accrued interest payable 1,051  1,051    -   1,051  - As of December 31, 2020 Quoted Prices in Active Significant Significant Carrying Markets for Identical Assets Other Observable Inputs Unobservable Inputs Value Fair Value (Level 1) (Level 2) (Level 3) (In Thousands)Financial assets:          Cash and cash equivalents $ 261,229  $ 261,229   $ 261,229   $ - $ -Interest-earning time deposits 735  735    -   735  -Debt securities available for sale 99,756  99,756    -   99,756  -Equity investments 17,717  17,717  17,717  - -Loans held for sale 3,530  3,530    -   3,530  -Loans receivable, net 2,295,021  2,309,118    -   - 2,309,118 FHLB of New York stock, at cost 11,324  11,324    -   11,324  -Accrued interest receivable 12,924  12,924    -   12,924  - Financial liabilities:       Deposits 2,318,050  2,323,561    1,627,871    695,690  -Debt 191,161  194,899    -   194,899  -Subordinated debentures 37,042  37,252  - 37,252  -Accrued interest payable 1,463  1,463    -   1,463  -+