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Securities (Tables)

12 Months Ended

Dec. 31, 2022

Securities [Abstract]

Summary of Disaggregated Net Losses on Equity Securities

		For the Twelve Months Ended December 31, 2022		For the Twelve Months Ended December 31, 2021
Net gains (losses) recognized during the period on equity securities	$	(6,269)	$	147
Less: Net gains (losses) recognized during the period on equity securities sold during the period		(59)		-
Unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date	$	(6,210)	$	147

Amortized Cost and Gross Unrealized Gains and Losses on Securities Available for Sale

	December 31, 2022
				Gross			Gross
	Amortized			Unrealized			Unrealized
	Cost			Gains			Losses			Fair Value
	(In Thousands)
Residential Mortgage-backed securities:
More than five to ten years	$	5,445		$	-		$	350		$	5,095
More than ten years		23,210			-			3,435			19,775
Sub-total:		28,655			-			3,785			24,870
Corporate Debt Securities:
Due within one year		7,321						91			7,230
More than five to ten years		59,629			-			4,005			55,624
Sub-total:		66,950			-			4,096			62,854
Municipal obligations:
Due after ten years		3,997			-			6			3,991
Sub-total:		3,997			-			6			3,991
Total Debt Securities Available-for-Sale	$	99,602		$	-		$	7,887		$	91,715

	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-for-Sale	$	82,746		$	3,027		$	587		$	85,186

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value

	Less than 12 Months						More than 12 Months						Total
	Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
	Value			Losses			Value			Losses			Value			Losses
	(In Thousands)
December 31, 2022
Residential mortgage-backed securities	$	17,362		$	2,022		$	7,508		$	1,763		$	24,870		$	3,785
Corporate Debt Securities		51,607			3,199			9,948			897			61,555			4,096
Muni Bond		3,991			6									3,991			6
	$	72,960		$	5,227		$	17,456		$	2,660		$	90,416		$	7,887
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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-Publisher FASB
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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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