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Securities (Tables)

9 Months Ended

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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