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Available-for-Sale Securities (Tables)
 9 Months Ended
Sep. 30, 2024
Investments [Abstract]  
Schedule of Available-for-sale Securities
The amortized cost, gross unrealized gains, gross unrealized losses and fair values of available-for-sale securities at September 30, 2024 and December 31, 2023 are as follows:
(In thousands)Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair Value
September 30, 2024:
U. S. Government agency and mortgage-backed securities$79,082 $33 $(12,826)$66,289 
Corporate bonds17,995 — (3,290)14,705 
Subordinated notes5,000 — (601)4,399 
SBA loan pools4,561 — (863)3,698 
Municipal bonds558 — (71)487 
Total available-for-sale securities$107,196 $33 $(17,651)$89,578 
December 31, 2023:
U. S. Government agency and mortgage-backed securities$80,500 $— $(14,829)$65,671 
Corporate bonds17,995 — (4,229)13,766 
Subordinated notes5,000 — (773)4,227 
SBA loan pools6,002 — (965)5,037 
Municipal bonds559 — (73)486 
Total available-for-sale securities$110,056 $— $(20,869)$89,187 
Schedule of Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value
The following table presents the available-for-sale securities’ gross unrealized losses and fair value, aggregated by the length of time the individual securities have been in a continuous loss position as of September 30, 2024 and December 31, 2023:
(In thousands)Less than 12 Months12 Months or MoreTotal
Fair Value Unrealized (Loss) Fair Value Unrealized (Loss) Fair Value Unrealized (Loss)
September 30, 2024:
U. S. Government agency and mortgage-backed securities$2,237 $(56)$61,966 $(12,770)$64,203 $(12,826)
Corporate bonds— — 14,705 (3,290)14,705 (3,290)
Subordinated notes— — 4,399 (601)4,399 (601)
SBA loan pools— — 3,698 (863)3,698 (863)
Municipal bonds— — 487 (71)487 (71)
Total available-for-sale securities$2,237 $(56)$85,255 $(17,595)$87,492 $(17,651)
      
December 31, 2023:      
U. S. Government agency and mortgage-backed securities$9,984 $(286)$55,687 $(14,543)$65,671 $(14,829)
Corporate bonds— — 13,766 (4,229)13,766 (4,229)
Subordinated notes— — 4,227 (773)4,227 (773)
SBA loan pools— — 5,037 (965)5,037 (965)
Municipal bonds— — 486 (73)486 (73)
Total available-for-sale securities$9,984 $(286)$79,203 $(20,583)$89,187 $(20,869)
Schedule of Investments Classified by Contractual Maturity Date
The following summarizes, by class and contractual maturity, the amortized cost and estimated fair value of available-for-sale debt securities held as of September 30, 2024 and December 31, 2023. The mortgages underlying the mortgage-backed securities are not due at a single maturity date. Additionally, these mortgages often are and generally may be pre-paid without penalty, creating a degree of uncertainty that such investments can be held until maturity. For convenience, mortgage-backed securities have been included in the summary as a separate line item.
(In thousands)Amortized CostFair Value
Due
Within
5 years		 Due After
5 years
through
10 years		 Due
After
10 years		TotalDue
Within
5 years		 Due After
5 years
through
10 years		 Due
After
10 years		Total
September 30, 2024:
Corporate bonds$2,000  $15,995  $— $17,995 $1,953  $12,752  $— $14,705 
Subordinated notes3,000  2,000  — 5,000 2,580  1,819  — 4,399 
SBA loan pools—  —  4,561 4,561 —  —  3,698 3,698 
Municipal bonds153  405  — 558 142  345  — 487 
Available-for-sale securities with stated maturity dates5,153  18,400  4,561 28,114 4,675  14,916  3,698 23,289 
U. S. Government agency and mortgage-backed securities—  5,178  73,904 79,082 —  4,320  61,969 66,289 
Total available-for-sale securities$5,153  $23,578  $78,465 $107,196 $4,675  $19,236  $65,667 $89,578 
December 31, 2023:
Corporate bonds$2,000  $15,995  $— $17,995 $1,947  $11,819  $— $13,766 
Subordinated notes3,000  2,000  — 5,000 2,527  1,700  — 4,227 
SBA loan pools—  1,096  4,906 6,002 —  1,084  3,953 5,037 
Municipal bonds153  406  — 559 140  346  — 486 
Available-for-sale securities with stated maturity dates5,153  19,497  4,906 29,556 4,614  14,949  3,953 23,516 
U. S. Government agency and mortgage-backed securities—  5,222  75,278 80,500 —  4,237  61,434 65,671 
Total available-for-sale securities$5,153  $24,719  $80,184 $110,056 $4,614  $19,186  $65,387 $89,187