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Securities (Tables)
 6 Months Ended
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