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Securities | 12 Months Ended
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Dec. 31, 2025
Securities [Abstract] |
Securities | Note 4- Securities Equity Securities Equity securities are reported at fair value on the Company’s consolidated statements of financial condition. The Company’s portfolio of equity securities had an estimated fair value of $9.2 million and $9.5 million as of December 31, 2025 and December 31, 2024, respectively. Included in this category are equity holdings of financial institutions. 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. Equity securities are generally required to be measured at fair value with market value adjustments being reflected in net income. The following table presents the disaggregated net gains and losses on equity securities reported in the consolidated statements of operations (In Thousands):
|  | For the Twelve Months Ended December 31, 2025 |  |  | For the Twelve Months Ended December 31, 2024 |  |  | For the Twelve Months Ended December 31, 2023
Net (losses) gains recognized during the period on equity securities | $ | (300) |  | $ | 379 |  | $ | (3,361)
Less: Net losses recognized during the period on equity securities sold during the period |  | - |  |  | - |  |  | (24)
Unrealized (losses) gains recognized during the reporting period on equity securities still held at the reporting date | $ | (300) |  | $ | 379 |  | $ | (3,337)
Debt Securities Available-for-Sale The following table sets forth information regarding the amortized cost, estimated fair values, and unrealized gains and losses for the Bank’s debt securities portfolio at December 31 by final contractual maturity. The following table does not take into consideration the effects of scheduled repayments or the effects of possible prepayments. Certain securities have interest rates that are adjustable and will reprice annually within the various maturity ranges. The effect of these repricings are not reflected in the table below.
| December 31, 2025
|  |  |  | Gross |  | Gross |  |
| Amortized |  | Unrealized |  | Unrealized |  |  |
| Cost |  | Gains |  | Losses |  | Fair Value
| (In Thousands)
Residential Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |
More than one to five years | $ | 754 |  | $ | - |  | $ | 23 |  | $ | 731
More than five to ten years |  | 1,787 |  |  | - |  |  | 64 |  |  | 1,723
More than ten years |  | 74,040 |  |  | 591 |  |  | 2,599 |  |  | 72,032
Sub-total: |  | 76,581 |  |  | 591 |  |  | 2,686 |  |  | 74,486
Corporate Debt Securities: |  |  |  |  |  |  |  |  |  |  |
More than one to five years |  | 15,791 |  |  | 99 |  |  | 194 |  |  | 15,696
More than five to ten years |  | 32,274 |  |  | 135 |  |  | 1,209 |  |  | 31,200
More than ten years |  | 5,000 |  |  | 13 |  |  | - |  |  | 5,013
Sub-total: |  | 53,065 |  |  | 247 |  |  | 1,403 |  |  | 51,909
Total Debt Securities Available-for-Sale | $ | 129,646 |  | $ | 838 |  | $ | 4,089 |  | $ | 126,395
Note 4- Securities (continued)
| 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
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:
| 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, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage-backed securities | $ | 10,908 |  | $ | 37 |  | $ | 27,036 |  | $ | 2,649 |  | $ | 37,944 |  | $ | 2,686
Corporate Debt Securities |  | - |  |  | - |  |  | 30,859 |  |  | 1,403 |  |  | 30,859 |  |  | 1,403
| $ | 10,908 |  | $ | 37 |  | $ | 57,895 |  | $ | 4,052 |  | $ | 68,803 |  | $ | 4,089
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
At December 31, 2025, thirty-one residential mortgaged-backed securities and twelve corporate debt securities have unrealized losses with aggregate depreciation of 7% and 4%, respectively. At December 31, 2024, thirty-four residential mortgaged-backed securities and twenty corporate debt securities have unrealized losses with aggregate depreciation of 10% and 6%, respectively.

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