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Securities (Tables) | 6 Months Ended
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Jun. 30, 2024
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) |  | 2024 |  | 2023 |  | 2022 |  | 2024 |  | 2023 |  | 2022
Net losses recognized during the period on equity securities held at the reporting date |  | $ | (222) |  | $ | (494) |  | $ | (2,302) |  | $ | (92) |  | $ | (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 |  | $ | (222) |  | $ | (669) |  | $ | (2,302) |  | $ | (92) |  | $ | (3,896) |  | $ | (4,987)
Amortized Cost and Gross Unrealized Gains and Losses on Securities Available for Sale |
| June 30, 2024
|  |  |  | Gross |  | Gross |  |
| Amortized |  | Unrealized |  | Unrealized |  |  |
| Cost |  | Gains |  | Losses |  | Fair Value
| (In Thousands)
Residential Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |
More than one to five years | $ | 520 |  | $ | - |  | $ | 19 |  | $ | 501
More than five to ten years |  | 3,679 |  |  | - |  |  | 242 |  |  | 3,437
More than ten years |  | 31,984 |  |  | 88 |  |  | 3,306 |  |  | 28,766
Sub-total: |  | 36,183 |  |  | 88 |  |  | 3,567 |  |  | 32,704
Corporate Debt securities: |  |  |  |  |  |  |  |  |  |  |
More than one to five years |  | 8,983 |  |  | - |  |  | 445 |  |  | 8,538
More than five to ten years |  | 50,582 |  |  | - |  |  | 5,860 |  |  | 44,722
Sub-total: |  | 59,565 |  |  | - |  |  | 6,305 |  |  | 53,260
Total securities | $ | 95,748 |  | $ | 88 |  | $ | 9,872 |  | $ | 85,964
| 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)
June 30 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage-backed securities | $ | - |  | $ | - |  | $ | 25,980 |  | $ | 3,567 |  | $ | 25,980 |  | $ | 3,567
Corporate Debt securities |  | - |  |  | - |  |  | 51,960 |  |  | 6,305 |  |  | 51,960 |  |  | 6,305
| $ | - |  | $ | - |  | $ | 77,940 |  | $ | 9,872 |  | $ | 77,940 |  | $ | 9,872
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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