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Securities (Tables) | 12 Months Ended
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Dec. 31, 2023
Securities [Abstract] |
Summary of Disaggregated Net Income on Equity Securities |
|  | For the Twelve Months Ended December 31, 2023 |  |  | 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 | $ | (3,361) |  | $ | (6,269) |  | $ | 147
Less: Net gains (losses) recognized during the period on equity securities sold during the period |  | (24) |  |  | (59) |  |  | -
Unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date | $ | (3,337) |  | $ | (6,210) |  | $ | 147
Amortized Cost and Gross Unrealized Gains and Losses on Securities Available for Sale |
| December 31, 2023
|  |  |  | Gross |  | Gross |  |
| Amortized |  | Unrealized |  | Unrealized |  |  |
| Cost |  | Gains |  | Losses |  | Fair Value
| (In Thousands)
Residential Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |
More than one to five years | $ | 605 |  | $ | - |  | $ | 24 |  | $ | 581
More than five to ten years |  | 4,147 |  |  | - |  |  | 230 |  |  | 3,917
More than ten years |  | 32,833 |  |  | 192 |  |  | 2,910 |  |  | 30,115
Sub-total: |  | 37,585 |  |  | 192 |  |  | 3,164 |  |  | 34,613
Corporate Debt Securities: |  |  |  |  |  |  |  |  |  |  |
More than one to five years |  | 8,981 |  |  | - |  |  | 197 |  |  | 8,784
More than five to ten years |  | 50,583 |  |  | - |  |  | 6,211 |  |  | 44,372
Sub-total: |  | 59,564 |  |  | - |  |  | 6,408 |  |  | 53,156
Total Debt Securities Available-for-Sale | $ | 97,149 |  | $ | 192 |  | $ | 9,572 |  | $ | 87,769
| 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 |
| 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, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage-backed securities | $ | 5,316 |  | $ | 98 |  | $ | 22,153 |  | $ | 3,066 |  | $ | 27,469 |  | $ | 3,164
Corporate Debt Securities |  | - |  |  | - |  |  | 51,856 |  |  | 6,408 |  |  | 51,856 |  |  | 6,408
| $ | 5,316 |  | $ | 98 |  | $ | 74,009 |  | $ | 9,474 |  | $ | 79,325 |  | $ | 9,572
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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