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Commitments and Contingencies (Tables) | 3 Months Ended
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Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract] |
Summary of Financial Instrument Liabilities Represent Off-Balance Sheet Credit Risk | Amounts of financial instruments whose contract amounts represent off-balance sheet credit risk are as follows as of March 31, 2025 and December 31, 2024:
|  | March 31, 2025 |  |  | December 31, 2024 |
|  | (in thousands) |
Commitments to originate loans |  | $ | 30,514 |  |  | $ | 21,542 |
Commitments to purchase loans |  |  | 496 |  |  |  | - |
Unadvanced funds on lines of credit |  |  | 89,021 |  |  |  | 80,156 |
Unadvanced funds on construction loans |  |  | 52,444 |  |  |  | 54,636 |
Letters of credit |  |  | 50 |  |  |  | 50 |
|  | $ | 172,525 |  |  | $ | 156,384 |

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- Definition Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined) which are not recognized in the financial statements (off-balance sheet) because they fail to meet some other criterion for recognition. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-10 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
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