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Commitments and Contingencies (Tables)

3 Months Ended

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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- References

No definition available.

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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

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