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Securities (Tables) | 6 Months Ended
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Jun. 30, 2023
Securities [Abstract] |
Summary of Disaggregated Net Income on Equity Securities |
|  | For the three months ended June 30, |  | For the six months ended June 30,
(In Thousands) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Net losses recognized during the period on equity securities held at the reporting date |  | $ | (494) |  | $ | (2,302) |  | $ | (3,721) |  | $ | (4,928)
Net losses recognized during the period on equity securities sold during the period |  |  | (175) |  |  | - |  |  | (175) |  |  | (59)
Realized and unrealized losses on equity investments during the reporting period |  | $ | (669) |  | $ | (2,302) |  | $ | (3,896) |  | $ | (4,987)
Amortized Cost and Gross Unrealized Gains and Losses on Securities Available for Sale |
| June 30, 2023
|  |  |  | Gross |  | Gross |  |
| Amortized |  | Unrealized |  | Unrealized |  |  |
| Cost |  | Gains |  | Losses |  | Fair Value
| (In Thousands)
Residential Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |
More than one to five years | $ | 405 |  | $ | - |  | $ | 15 |  | $ | 390
More than five to ten years |  | 5,008 |  |  | - |  |  | 364 |  |  | 4,644
More than ten years |  | 27,059 |  |  | - |  |  | 3,430 |  |  | 23,629
Sub-total: |  | 32,472 |  |  | - |  |  | 3,809 |  |  | 28,663
Corporate Debt securities: |  |  |  |  |  |  |  |  |  |  |
Less than one year |  | 7,290 |  |  | - |  |  | 87 |  |  | 7,203
More than five to ten years |  | 59,564 |  |  | - |  |  | 7,782 |  |  | 51,782
Sub-total: |  | 66,854 |  |  | - |  |  | 7,869 |  |  | 58,985
Total Debt Securities Available for Sale | $ | 99,326 |  | $ | - |  | $ | 11,678 |  | $ | 87,648
| 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
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 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage-backed securities | $ | 6,746 |  | $ | 318 |  | $ | 21,917 |  | $ | 3,491 |  | $ | 28,663 |  | $ | 3,809
Corporate Debt securities |  | 29,711 |  |  | 3,064 |  |  | 27,974 |  |  | 4,805 |  |  | 57,685 |  |  | 7,869
| $ | 36,457 |  | $ | 3,382 |  | $ | 49,891 |  | $ | 8,296 |  | $ | 86,348 |  | $ | 11,678
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
Municipal Obligations |  | 3,991 |  |  | 6 |  |  | - |  |  | - |  |  | 3,991 |  |  | 6
| $ | 72,960 |  | $ | 5,227 |  | $ | 17,456 |  | $ | 2,660 |  | $ | 90,416 |  | $ | 7,887

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