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Available-for-Sale Securities (Tables)
 3 Months Ended
Mar. 31, 2025
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 March 31, 2025 and December 31, 2024 are as follows:
(In thousands)Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair Value
March 31, 2025:
U. S. Government agency and mortgage-backed securities$75,116 $— $(14,115)$61,001 
Corporate bonds15,996 — (3,359)12,637 
Subordinated notes4,000 — (450)3,550 
SBA loan pools4,345 — (882)3,463 
Total available-for-sale securities$99,457 $— $(18,806)$80,651 
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 
Total available-for-sale securities$100,247 $— $(20,255)$79,992 
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 March 31, 2025 and December 31, 2024:
(In thousands)Less than 12 Months12 Months or MoreTotal
Fair Value Unrealized (Loss) Fair Value Unrealized (Loss) Fair Value Unrealized (Loss)
March 31, 2025:
U. S. Government agency and mortgage-backed securities$2,013 $(27)$58,988 $(14,088)$61,001 $(14,115)
Corporate bonds— — 12,637 (3,359)12,637 (3,359)
Subordinated notes— — 3,550 (450)3,550 (450)
SBA loan pools— — 3,463 (882)3,463 (882)
Total available-for-sale securities$2,013 $(27)$78,638 $(18,779)$80,651 $(18,806)
      
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)
Total available-for-sale securities$4,170 $(160)$75,822 $(20,095)$79,992 $(20,255)
Schedule of Investments Classified by Contractual Maturity Date
The following summarizes, by class and contractual maturity, the amortized cost and estimated fair value of available-for-sale debt securities held as of March 31, 2025 and December 31, 2024. The mortgages underlying the mortgage-backed securities are not due at a single maturity date. Additionally, these mortgages often are and generally may be pre-paid without penalty, creating a degree of uncertainty that such investments can be held until maturity. For convenience, mortgage-backed securities have been included in the summary as a separate line item.
(In thousands)Amortized CostFair Value
Due
Within
5 years		 Due After
5 years
through
10 years		 Due
After
10 years		TotalDue
Within
5 years		 Due After
5 years
through
10 years		 Due
After
10 years		Total
March 31, 2025:
Corporate bonds$—  $15,996  $— $15,996 $—  $12,637  $— $12,637 
Subordinated notes3,000  1,000  — 4,000 2,640  910  — 3,550 
SBA loan pools—  —  4,345 4,345 —  —  3,463 3,463 
Municipal bonds—  —  — — —  —  — — 
Available-for-sale securities with stated maturity dates3,000  16,996  4,345 24,341 2,640  13,547  3,463 19,650 
U. S. Government agency and mortgage-backed securities—  5,159  69,957 75,116 —  4,233  56,768 61,001 
Total available-for-sale securities$3,000  $22,155  $74,302 $99,457 $2,640  $17,780  $60,231 $80,651 
December 31, 2024:
Corporate bonds$—  $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 
Municipal bonds—  —  — — —  —  — — 
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 
Total available-for-sale securities$3,000  $22,168  $75,079 $100,247 $2,610  $17,720  $59,662 $79,992