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Available-for-sale securities (Tables)
 12 Months Ended
Dec. 31, 2024
Investments [Abstract]  
Schedule of Available-for-sale Securities
At December 31, 2024 and 2023, the amortized cost, gross unrealized gains, gross unrealized losses and approximate fair value of available-for-sale securities was as follows:
(In thousands)Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair Value
December 31, 2024:
U. S. Government agency and mortgage-backed securities$75,689 $— $(15,466)$60,223 
Corporate bonds15,996 — (3,261)12,735 
Subordinated notes4,000 — (539)3,461 
SBA loan pools4,562 — (989)3,573 
$100,247 $— $(20,255)$79,992 
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 
$110,056 $— $(20,869)$89,187 
Schedule of Unrealized Loss on Investments
The following table presents 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 December 31, 2024 and 2023:
(In thousands)Less than 12 Months12 Months or MoreTotal
Fair Value Unrealized (Loss) Fair Value Unrealized (Loss) Fair Value Unrealized (Loss)
December 31, 2024:
U. S. Government agency and mortgage-backed securities$4,170 $(160)$56,053 $(15,306)$60,223 $(15,466)
Corporate bonds— — 12,735 (3,261)12,735 (3,261)
Subordinated notes— — 3,461 (539)3,461 (539)
SBA loan pools— — 3,573 (989)3,573 (989)
$4,170 $(160)$75,822 $(20,095)$79,992 $(20,255)
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)
$9,984 $(286)$79,203 $(20,583)$89,187 $(20,869)
Schedule of Investments Classified by Contractual Maturity Date
The following summarizes, by class and contractual maturity, the amortized cost and estimated fair value of available-for-sale debt securities held at December 31, 2024 and 2023. The mortgages underlying the mortgage-backed securities are not due at a single maturity date. Additionally, these mortgages often are and generally may be pre-paid without penalty, creating a degree of uncertainty that such investments can be held until maturity. For convenience, mortgage-backed securities have been included in the summary as a separate line item.
(In thousands)Amortized CostFair Value
Due
Within
5 years		Due After
5 years
through
10 years		Due
After
10 years		TotalDue
Within
5 years		Due After
5 years
through
10 years		Due
After
10 years		Total
December 31, 2024:
Corporate bonds$— $15,996 $— $15,996 $— $12,735 $— $12,735 
Subordinated notes3,000 1,000 — 4,000 2,610 851 — 3,461 
SBA loan pools— — 4,562 4,562 — — 3,573 3,573 
Available-for-sale securities with stated maturity dates3,000 16,996 4,562 24,558 2,610 13,586 3,573 19,769 
U. S. Government agency and mortgage-backed securities— 5,172 70,517 75,689 — 4,134 56,089 60,223 
$3,000 $22,168 $75,079 $100,247 $2,610 $17,720 $59,662 $79,992 
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 
$5,153 $24,719 $80,184 $110,056 $4,614 $19,186 $65,387 $89,187