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Securities (Tables) | 3 Months Ended
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Mar. 31, 2023
Securities [Abstract] |
Summary of Disaggregated Net Losses on Equity Securities |
|  | For the three months ended March 31, |
(In Thousands) |  | 2023 |  | 2022 |
Net losses recognized during the period on equity securities held at the reporting period |  | $ | (3,227) |  | $ | (2,626) |
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 |  | $ | (3,227) |  | $ | (2,685) |
Amortized Cost and Gross Unrealized Gains and Losses on Securities Available for Sale |
| March 31, 2023
|  |  |  | Gross |  | Gross |  |
| Amortized |  | Unrealized |  | Unrealized |  |  |
| Cost |  | Gains |  | Losses |  | Fair Value
| (In Thousands)
Residential Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |
More than one to five years | $ | 446 |  | $ | - |  | $ | 12 |  | $ | 434
More than five to ten years |  | 5,280 |  |  | - |  |  | 315 |  |  | 4,965
More than ten years |  | 22,234 |  |  | - |  |  | 2,879 |  |  | 19,355
Sub-total: |  | 27,960 |  |  | - |  |  | 3,206 |  |  | 24,754
Corporate Debt securities: |  |  |  |  |  |  |  |  |  |  |
Less than one year |  | 7,306 |  |  | - |  |  | 110 |  |  | 7,196
More than five to ten years |  | 59,596 |  |  | - |  |  | 4,558 |  |  | 55,038
Sub-total: |  | 66,902 |  |  | - |  |  | 4,668 |  |  | 62,234
Total securities | $ | 94,862 |  | $ | - |  | $ | 7,874 |  | $ | 86,988
| 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 | $ | 99,602 |  | $ | - |  | $ | 7,887 |  | $ | 91,715
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)
March 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage-backed securities | $ | 3,575 |  | $ | 164 |  | $ | 21,179 |  | $ | 3,042 |  | $ | 24,754 |  | $ | 3,206
Corporate Debt securities |  | 44,440 |  |  | 2,851 |  |  | 16,494 |  |  | 1,817 |  |  | 60,934 |  |  | 4,668
| $ | 48,015 |  | $ | 3,015 |  | $ | 37,673 |  | $ | 4,859 |  | $ | 85,688 |  | $ | 7,874
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

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