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Securities (Tables)
 12 Months Ended
Dec. 31, 2024
Securities [Abstract]  
Summary of Disaggregated Net Income on Equity Securities

For the Twelve Months Ended December 31, 2024

For the Twelve Months Ended December 31, 2023

For the Twelve Months Ended December 31, 2022

Net gains (losses) recognized during the period on equity securities

$

379 

$

(3,361)

$

(6,269)

Less: Net losses recognized during the period on equity securities sold during the period

-

(24)

(59)

Unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date

$

379 

$

(3,337)

$

(6,210)
Amortized Cost and Gross Unrealized Gains and Losses on Securities Available for Sale

December 31, 2024

  

Gross

  

Gross

  

Amortized

Unrealized

Unrealized

Cost

Gains

Losses

Fair Value

(In Thousands)

Residential Mortgage-backed securities:

  

  

  

More than one to five years

$

1,286

$

-

$

57

$

1,229

More than five to ten years

2,395

-

135

2,260

More than ten years

45,345

188

3,508

42,025

Sub-total:

49,026

188

3,700

45,514

Corporate Debt Securities:

More than one to five years

37,488

-

1,081

36,407

More than five to ten years

22,076

-

2,280

19,796

Sub-total:

59,564

-

3,361

56,203

Total Debt Securities Available-for-Sale

$

108,590

$

188

$

7,061

$

101,717

Note 4- Securities (continued)

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 Debt Securities Available-for-Sale

$

97,149 

$

192 

$

9,572 

$

87,769 
Available for Sale Securities, Continuous Unrealized Loss Position, Fair Value

Less than 12 Months

More than 12 Months

Total

Fair

Unrealized

Fair

Unrealized

Fair

Unrealized

Value

Losses

Value

Losses

Value

Losses

(In Thousands)

December 31, 2024

Residential mortgage-backed securities

$

10,558

$

127

$

24,673

$

3,573

$

35,231

  

$

3,700

Corporate Debt Securities

2,985

19

51,918

3,342

54,903

3,361

$

13,543

$

146

$

76,591

$

6,915

$

90,134

  

$

7,061

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