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Securities (Tables) | 6 Months Ended
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Jun. 30, 2022
Securities [Abstract] |
Summary of Disaggregated Net Losses on Equity Securities |
|  | For the three months ended June 30, |  | For the six months ended June 30,
(In Thousands) |  | 2022 |  | 2021 |  | 2022 |  | 2021
Net losses recognized during the period on equity securities held at the reporting date |  | $ | (2,302) |  | $ | 499 |  | $ | (4,928) |  | $ | 303
Net losses recognized during the period on equity securities sold during the period |  |  | - |  |  | - |  |  | (59) |  |  | -
Realized and unrealized losses on equity investments during the reporting period |  | $ | (2,302) |  | $ | 499 |  | $ | (4,987) |  | $ | 303
Amortized Cost and Gross Unrealized Gains and Losses on Securities Available for Sale |
| June 30, 2022
|  |  |  | Gross |  | Gross |  |
| Amortized |  | Unrealized |  | Unrealized |  |  |
| Cost |  | Gains |  | Losses |  | Fair Value
| (In Thousands)
Residential Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |
Less than one year | $ | - |  | $ | - |  | $ | - |  | $ | -
More than one to five years |  | 1 |  |  | - |  |  | - |  |  | 1
More than five to ten years |  | 6,182 |  |  | - |  |  | 163 |  |  | 6,019
More than ten years |  | 22,866 |  |  | - |  |  | 2,172 |  |  | 20,694
Sub-total: |  | 29,049 |  |  | - |  |  | 2,335 |  |  | 26,714
Corporate Debt securities: |  |  |  |  |  |  |  |  |  |  |
More than five to ten years |  | 56,694 |  |  | 253 |  |  | 983 |  |  | 55,964
Sub-total: |  | 56,694 |  |  | 253 |  |  | 983 |  |  | 55,964
Municipal obligations: |  |  |  |  |  |  |  |  |  |  |
More than ten years |  | 4,051 |  |  | 20 |  |  | - |  |  | 4,071
Sub-total: |  | 4,051 |  |  | 20 |  |  | - |  |  | 4,071
Total securities | $ | 89,794 |  | $ | 273 |  | $ | 3,318 |  | $ | 86,749
| December 31, 2021
|  |  |  | Gross |  | Gross |  |
| Amortized |  | Unrealized |  | Unrealized |  |  |
| Cost |  | Gains |  | Losses |  | Fair Value
| (In Thousands)
Residential Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |
Due within one year | $ | 2,952 |  | $ | - |  | $ | 114 |  | $ | 2,838
More than one to five years |  | 53 |  |  | - |  |  | - |  |  | 53
More than five to ten years |  | 6,317 |  |  | 165 |  |  | 27 |  |  | 6,455
More than ten years |  | 21,555 |  |  | 298 |  |  | 287 |  |  | 21,566
Sub-total: |  | 30,877 |  |  | 463 |  |  | 428 |  |  | 30,912
Corporate Debt securities: |  |  |  |  |  |  |  |  |  |  |
More than five to ten years |  | 47,765 |  |  | 2,465 |  |  | 159 |  |  | 50,071
Sub-total: |  | 47,765 |  |  | 2,465 |  |  | 159 |  |  | 50,071
Municipal obligations: |  |  |  |  |  |  |  |  |  |  |
Due after ten years |  | 4,104 |  |  | 99 |  |  | - |  |  | 4,203
Sub-total: |  | 4,104 |  |  | 99 |  |  | - |  |  | 4,203
Total Debt Securities Available | $ | 82,746 |  | $ | 3,027 |  | $ | 587 |  | $ | 85,186
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value |
| 12 Months or Less |  | More than 12 Months |  | Total
| Fair |  | Unrealized |  | Fair |  | Unrealized |  | Fair |  | Unrealized
| Value |  | Losses |  | Value |  | Losses |  | Value |  | Losses
| (In Thousands)
June 30 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage-backed securities | $ | 23,194 |  | $ | 1,671 |  | $ | 3,520 |  | $ | 664 |  | $ | 26,714 |  | $ | 2,335
Corporate Debt securities |  | 31,929 |  |  | 983 |  |  | - |  |  | - |  |  | 31,929 |  |  | 983
| $ | 55,123 |  | $ | 2,654 |  | $ | 3,520 |  | $ | 664 |  | $ | 58,643 |  | $ | 3,318
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage-backed securities | $ | 7,801 |  | $ | 159 |  | $ | 4,681 |  | $ | 269 |  | $ | 12,482 |  | $ | 428
Corporate Debt Securities |  | 12,324 |  |  | 159 |  |  | - |  |  | - |  |  | 12,324 |  |  | 159
| $ | 20,125 |  | $ | 318 |  | $ | 4,681 |  | $ | 269 |  | $ | 24,806 |  | $ | 587

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