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Securities (Tables)
 6 Months Ended
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