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Securities (Tables)

6 Months Ended

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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Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

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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.

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Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales.

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