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Securities (Tables) | 9 Months Ended
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Sep. 30, 2022
Securities [Abstract] |
Summary of Disaggregated Net Losses on Equity Securities |
|  | For the three months ended September 30, |  | For the nine months ended September 30,
(In Thousands) |  | 2022 |  | 2021 |  | 2022 |  | 2021
Net (losses) gains recognized during the period on equity securities held at the reporting date |  | $ | (559) |  | $ | (307) |  | $ | (5,487) |  | $ | (4)
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 |  | $ | (559) |  | $ | (307) |  | $ | (5,546) |  | $ | (4)
Amortized Cost and Gross Unrealized Gains and Losses on Securities Available for Sale |
| September 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 |  | - |  |  | - |  |  | - |  |  | -
More than five to ten years |  | 5,754 |  |  | - |  |  | 401 |  |  | 5,353
More than ten years |  | 23,708 |  |  | - |  |  | 3,620 |  |  | 20,088
Sub-total: |  | 29,462 |  |  | - |  |  | 4,021 |  |  | 25,441
Corporate Debt securities: |  |  |  |  |  |  |  |  |  |  |
More than five to ten years |  | 66,499 |  |  | - |  |  | 3,199 |  |  | 63,300
Sub-total: |  | 66,499 |  |  | - |  |  | 3,199 |  |  | 63,300
Municipal obligations: |  |  |  |  |  |  |  |  |  |  |
More than ten years |  | 4,025 |  |  | - |  |  | 15 |  |  | 4,010
Sub-total: |  | 4,025 |  |  | - |  |  | 15 |  |  | 4,010
Total securities | $ | 99,986 |  | $ | - |  | $ | 7,235 |  | $ | 92,751
| 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)
September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage-backed securities | $ | 19,430 |  | $ | 2,441 |  | $ | 6,012 |  | $ | 1,580 |  | $ | 25,442 |  | $ | 4,021
Corporate Debt securities |  | 56,521 |  |  | 3,079 |  |  | 5,978 |  |  | 120 |  |  | 62,499 |  |  | 3,199
Municipal bond |  | 4,010 |  |  | 15 |  |  |  |  |  |  |  |  | 4,010 |  |  | 15
| $ | 79,961 |  | $ | 5,535 |  | $ | 11,990 |  | $ | 1,700 |  | $ | 91,951 |  | $ | 7,235
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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