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Securities (Tables)

3 Months Ended

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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Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

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Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales.

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