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Securities | 9 Months Ended
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Sep. 30, 2025
Securities [Abstract] |
Securities | Note 6 - Securities Equity Securities Equity securities are defined to include (a) preferred, common and other ownership interests in entities including partnerships, joint ventures and limited liability companies and (b) rights to acquire or dispose of ownership interest in entities at fixed or determinable prices. The following is a summary of unrealized and realized gains and losses recognized in net income (loss) on equity securities during the three and nine months ended September 30, 2025, 2024 and 2023:
|  | For the three months ended September 30, |  | For the nine months ended September 30,
(In Thousands) |  | 2025 |  | 2024 |  | 2023 |  | 2025 |  | 2024 |  | 2023
Net gains (losses) recognized during the period on equity securities held at the reporting date |  | $ | 350 |  | $ | 1,132 |  | $ | (436) |  | $ | 127 |  | $ | 1,040 |  | $ | (4,157)
Net losses recognized during the period on equity securities sold during the period |  |  | - |  |  | - |  |  | (58) |  |  | - |  |  | - |  |  | (233)
Realized and unrealized gains (losses) on equity investments during the reporting period |  | $ | 350 |  | $ | 1,132 |  | $ | (494) |  | $ | 127 |  | $ | 1,040 |  | $ | (4,390)
Note 6 - Securities (continued) Debt Securities Available for Sale The following tables present by maturity the amortized cost, gross unrealized gains and losses on, and fair value of, securities available for sale as of September 30, 2025 and December 31, 2024:
| September 30, 2025
|  |  |  | Gross |  | Gross |  |
| Amortized |  | Unrealized |  | Unrealized |  |  |
| Cost |  | Gains |  | Losses |  | Fair Value
| (In Thousands)
Residential Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |
More than one to five years | $ | 148 |  | $ | - |  | $ | 1 |  | $ | 147
More than five to ten years |  | 2,619 |  |  | - |  |  | 101 |  |  | 2,518
More than ten years |  | 68,706 |  |  | 632 |  |  | 2,678 |  |  | 66,660
Sub-total: |  | 71,473 |  |  | 632 |  |  | 2,780 |  |  | 69,325
Corporate Debt securities: |  |  |  |  |  |  |  |  |  |  |
More than one to five years |  | 17,290 |  |  | 108 |  |  | 174 |  |  | 17,224
More than five to ten years |  | 30,774 |  |  | 184 |  |  | 1,814 |  |  | 29,144
Sub-total: |  | 48,064 |  |  | 292 |  |  | 1,988 |  |  | 46,368
Total securities | $ | 119,537 |  | $ | 924 |  | $ | 4,768 |  | $ | 115,693
| 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 securities | $ | 108,590 |  | $ | 188 |  | $ | 7,061 |  | $ | 101,717
‎ Note 6 - Securities (continued) The unrealized losses, categorized by the length of time of continuous loss position, and fair value of related securities available for sale were as follows:
| 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, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage-backed securities | $ | 3,323 |  | $ | 1 |  | $ | 27,760 |  | $ | 2,779 |  | $ | 31,083 |  | $ | 2,780
Corporate Debt securities |  | - |  |  | - |  |  | 30,273 |  |  | 1,988 |  |  | 30,273 |  |  | 1,988
| $ | 3,323 |  | $ | 1 |  | $ | 58,033 |  | $ | 4,767 |  | $ | 61,356 |  | $ | 4,768
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

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