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Securities (Tables) | 3 Months Ended
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Mar. 31, 2024
Securities [Abstract] |
Summary of Disaggregated Net Income on Equity Securities |
|  | For the three months ended March 31,
(In Thousands) |  | 2024 |  | 2023 |  | 2022
Net gains (losses) recognized during the period on equity securities held at the reporting period |  | $ | 130 |  | $ | (3,227) |  | $ | (2,626)
Net gains (losses) recognized during the period on equity securities sold during the period |  |  | - |  |  | - |  |  | (59)
Realized and unrealized gains (losses) on equity investments during the reporting period |  | $ | 130 |  | $ | (3,227) |  | $ | (2,685)
Amortized Cost and Gross Unrealized Gains and Losses on Securities Available for Sale |
| March 31, 2024
|  |  |  | Gross |  | Gross |  |
| Amortized |  | Unrealized |  | Unrealized |  |  |
| Cost |  | Gains |  | Losses |  | Fair Value
| (In Thousands)
Residential Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |
More than one to five years | $ | 563 |  | $ | - |  | $ | 23 |  | $ | 540
More than five to ten years |  | 3,914 |  |  | - |  |  | 257 |  |  | 3,657
More than ten years |  | 32,482 |  |  | 89 |  |  | 3,237 |  |  | 29,334
Sub-total: |  | 36,959 |  |  | 89 |  |  | 3,517 |  |  | 33,531
Corporate Debt securities: |  |  |  |  |  |  |  |  |  |  |
More than one to five years |  | 8,982 |  |  | - |  |  | 444 |  |  | 8,538
More than five to ten years |  | 50,582 |  |  | - |  |  | 5,685 |  |  | 44,897
Sub-total: |  | 59,564 |  |  | - |  |  | 6,129 |  |  | 53,435
Total securities | $ | 96,523 |  | $ | 89 |  | $ | 9,646 |  | $ | 86,966
| 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 securities | $ | 97,149 |  | $ | 192 |  | $ | 9,572 |  | $ | 87,769
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, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage-backed securities | $ | 5,187 |  | $ | 209 |  | $ | 21,438 |  | $ | 3,308 |  | $ | 26,625 |  | $ | 3,517
Corporate Debt securities |  | - |  |  | - |  |  | 52,135 |  |  | 6,129 |  |  | 52,135 |  |  | 6,129
| $ | 5,187 |  | $ | 209 |  | $ | 73,573 |  | $ | 9,437 |  | $ | 78,760 |  | $ | 9,646
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

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