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Securities (Tables) | 9 Months Ended
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Sep. 30, 2024
Securities [Abstract] |
Summary of Disaggregated Net Income on Equity Securities |
|  | For the three months ended September 30, |  | For the nine months ended September 30,
(In Thousands) |  | 2024 |  | 2023 |  | 2022 |  | 2024 |  | 2023 |  | 2022
Net gains (losses) recognized during the period on equity securities held at the reporting date |  | $ | 1,132 |  | $ | (436) |  | $ | (559) |  | $ | 1,040 |  | $ | (4,157) |  | $ | (5,487)
Net losses recognized during the period on equity securities sold during the period |  |  | - |  |  | (58) |  |  | - |  |  | - |  |  | (233) |  |  | (59)
Realized and unrealized gains (losses) on equity investments during the reporting period |  | $ | 1,132 |  | $ | (494) |  | $ | (559) |  | $ | 1,040 |  | $ | (4,390) |  | $ | (5,546)
Amortized Cost and Gross Unrealized Gains and Losses on Securities Available for Sale |
| September 30, 2024
|  |  |  | Gross |  | Gross |  |
| Amortized |  | Unrealized |  | Unrealized |  |  |
| Cost |  | Gains |  | Losses |  | Fair Value
| (In Thousands)
Residential Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |
More than one to five years | $ | 481 |  | $ | - |  | $ | 10 |  | $ | 471
More than five to ten years |  | 3,451 |  |  | - |  |  | 146 |  |  | 3,305
More than ten years |  | 41,648 |  |  | 246 |  |  | 2,265 |  |  | 39,629
Sub-total: |  | 45,580 |  |  | 246 |  |  | 2,421 |  |  | 43,405
Corporate Debt securities: |  |  |  |  |  |  |  |  |  |  |
More than one to five years |  | 8,984 |  |  | - |  |  | 388 |  |  | 8,596
More than five to ten years |  | 50,581 |  |  | 40 |  |  | 4,453 |  |  | 46,168
Sub-total: |  | 59,565 |  |  | 40 |  |  | 4,841 |  |  | 54,764
Total securities | $ | 105,145 |  | $ | 286 |  | $ | 7,262 |  | $ | 98,169
| 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)
September 30 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage-backed securities | $ | - |  | $ | - |  | $ | 26,375 |  | $ | 2,421 |  | $ | 26,375 |  | $ | 2,421
Corporate Debt securities |  | - |  |  | - |  |  | 50,420 |  |  | 4,841 |  |  | 50,420 |  |  | 4,841
| $ | - |  | $ | - |  | $ | 76,795 |  | $ | 7,262 |  | $ | 76,795 |  | $ | 7,262
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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