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v3.23.1

Investment Securities (Tables) | 3 Months Ended
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Mar. 31, 2023
Investment Securities |
Schedule of amortized cost, gross unrealized gains and losses and fair values of available for sale securities | The amortized cost, gross unrealized gains and losses and fair values of available for sale securities are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2023
​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​
​ | ​ | ​ | ​ | Unrealized | ​ | Unrealized | ​ | ​
​ |  | Amortized Cost |  | Gains |  | Losses |  | Fair Value
U.S. Treasury securities | ​ | $ | 40,148 | ​ | $ | — | ​ | $ | (1,839) | ​ | $ | 38,309
U.S. government agency mortgage-backed securities–residential | ​ | ​ | 169,662 | ​ | ​ | — | ​ | ​ | (27,133) | ​ | ​ | 142,529
U.S. government agency securities |  | ​ | 24,783 |  | ​ | — |  | ​ | (2,010) |  | ​ | 22,773
Municipal securities(1) |  | ​ | 5,110 |  | ​ | — |  | ​ | (271) |  | ​ | 4,839
Corporate bonds |  | ​ | 14,700 |  | ​ | — |  | ​ | (1,793) |  | ​ | 12,907
Other |  | ​ | 643 |  | ​ | 172 |  | ​ | — |  | ​ | 815
Total | ​ | $ | 255,046 | ​ | $ | 172 | ​ | $ | (33,046) | ​ | $ | 222,172
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2022
​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​
​ | ​ | ​ | ​ | Unrealized | ​ | Unrealized | ​ | ​
​ |  | Amortized Cost |  | Gains |  | Losses |  | Fair Value
U.S. Treasury securities | ​ | $ | 40,172 | ​ | $ | — | ​ | $ | (2,315) | ​ | $ | 37,857
U.S. government agency mortgage-backed securities–residential | ​ | ​ | 173,926 | ​ | ​ | — | ​ | ​ | (29,392) | ​ | ​ | 144,534
U.S. government agency securities | ​ | ​ | 24,785 |  | ​ | — |  | ​ | (2,336) |  | ​ | 22,449
Municipal securities(1) |  | ​ | 5,117 |  | ​ | — |  | ​ | (331) |  | ​ | 4,786
Corporate bonds | ​ | ​ | 14,700 |  | ​ | — |  | ​ | (1,483) |  | ​ | 13,217
Other | ​ | ​ | 644 |  | ​ | 172 |  | ​ | — |  | ​ | 816
Total | ​ | $ | 259,344 | ​ | $ | 172 | ​ | $ | (35,857) | ​ | $ | 223,659
(1) | The issuers of municipal securities are all within New York State.
Schedule of gross unrealized losses and fair value, securities in continuous unrealized loss position | The following tables present the fair value and unrealized losses of the Company’s available for sale securities with gross unrealized losses aggregated by the length of time the individual securities have been in a continuous unrealized loss position: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2023
​ | ​ | Less Than 12 Months | ​ | 12 Months or Longer | ​ | Total
​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​ | Unrealized | ​ | ​ | ​ | Unrealized
​ |  | Fair Value |  | Losses |  | Fair Value |  | Losses |  | Fair Value |  | Losses
U.S. Treasury securities | ​ | $ | — | ​ | $ | — | ​ | $ | 38,309 | ​ | $ | (1,839) | ​ | $ | 38,309 | ​ | $ | (1,839)
U.S. government agency mortgage-backed securities-residential | ​ | ​ | 503 | ​ | ​ | (28) | ​ | ​ | 142,026 | ​ | ​ | (27,105) | ​ | ​ | 142,529 | ​ | ​ | (27,133)
U.S. government agency securities | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 22,773 | ​ | ​ | (2,010) | ​ | ​ | 22,773 | ​ | ​ | (2,010)
Municipal securities | ​ | ​ | 1,529 | ​ | ​ | (1) | ​ | ​ | 3,180 | ​ | ​ | (270) | ​ | ​ | 4,709 | ​ | ​ | (271)
Corporate bonds | ​ | ​ | 3,693 | ​ | ​ | (557) | ​ | ​ | 9,214 | ​ | ​ | (1,236) | ​ | ​ | 12,907 | ​ | ​ | (1,793)
Total | ​ | $ | 5,725 | ​ | $ | (586) | ​ | $ | 215,502 | ​ | $ | (32,460) | ​ | $ | 221,227 | ​ | $ | (33,046)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2022
​ | ​ | Less Than 12 Months | ​ | 12 Months or Longer | ​ | Total
​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​ | Unrealized | ​ | ​ | ​ | Unrealized
​ |  | Fair Value |  | Losses |  | Fair Value |  | Losses |  | Fair Value |  | Losses
U.S. Treasury securities | ​ | $ | — | ​ | $ | — | ​ | $ | 37,857 | ​ | $ | (2,315) | ​ | $ | 37,857 | ​ | $ | (2,315)
U.S. government agency mortgage-backed securities-residential | ​ | ​ | 23,384 | ​ | ​ | (2,711) | ​ | ​ | 121,151 | ​ | ​ | (26,681) | ​ | ​ | 144,535 | ​ | ​ | (29,392)
U.S. government agency securities | ​ | ​ | 9,160 | ​ | ​ | (869) | ​ | ​ | 13,289 | ​ | ​ | (1,467) | ​ | ​ | 22,449 | ​ | ​ | (2,336)
Municipal securities | ​ | ​ | 1,529 | ​ | ​ | (4) | ​ | ​ | 3,127 | ​ | ​ | (327) | ​ | ​ | 4,656 | ​ | ​ | (331)
Corporate bonds | ​ | ​ | 6,873 | ​ | ​ | (627) | ​ | ​ | 5,844 | ​ | ​ | (856) | ​ | ​ | 12,717 | ​ | ​ | (1,483)
Total | ​ | $ | 40,946 | ​ | $ | (4,211) | ​ | $ | 181,268 | ​ | $ | (31,646) | ​ | $ | 222,214 | ​ | $ | (35,857)
​
Schedule of maturities of debt securities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2023 | ​ | December 31, 2022
​ |  | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Maturity: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Within 1 year | ​ | $ | 33,461 | ​ | $ | 32,484 | ​ | $ | 16,923 | ​ | $ | 16,512
After 1 but within 5 years |  | ​ | 49,150 |  | ​ | 44,497 |  | ​ | 46,162 |  | ​ | 42,225
After 5 but within 10 years |  | ​ | 2,130 |  | ​ | 1,847 |  | ​ | 21,689 |  | ​ | 19,572
After 10 years |  | ​ | — |  | ​ | — |  | ​ | — |  | ​ | —
Total Maturities |  | ​ | 84,741 |  | ​ | 78,828 |  | ​ | 84,774 |  | ​ | 78,309
Mortgage-backed securities |  | ​ | 169,662 |  | ​ | 142,529 |  | ​ | 173,926 |  | ​ | 144,534
Other |  | ​ | 643 |  | ​ | 815 |  | ​ | 644 |  | ​ | 816
Total | ​ | $ | 255,046 | ​ | $ | 222,172 | ​ | $ | 259,344 | ​ | $ | 223,659
​

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