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)

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


	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.