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Available-for-Sale Securities (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, 2025 and December 31, 2024 are as follows:
(In thousands) | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized (Losses) |  | Fair Value
June 30, 2025: |  |  |  |  |  |  |
U. S. Government agency and mortgage-backed securities | $ | 74,295 |  |  | $ | — |  |  | $ | (13,905) |  |  | $ | 60,390 |
Corporate bonds | 15,996 |  |  | — |  |  | (2,805) |  |  | 13,191 |
Subordinated notes | 4,000 |  |  | — |  |  | (456) |  |  | 3,544 |
SBA loan pools | 4,345 |  |  | — |  |  | (843) |  |  | 3,502 |
Total available-for-sale securities | $ | 98,636 |  |  | $ | — |  |  | $ | (18,009) |  |  | $ | 80,627 |
December 31, 2024: |  |  |  |  |  |  |
U. S. Government agency and mortgage-backed securities | $ | 75,689 |  |  | $ | — |  |  | $ | (15,466) |  |  | $ | 60,223 |
Corporate bonds | 15,996 |  |  | — |  |  | (3,261) |  |  | 12,735 |
Subordinated notes | 4,000 |  |  | — |  |  | (539) |  |  | 3,461 |
SBA loan pools | 4,562 |  |  | — |  |  | (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 June 30, 2025 and December 31, 2024:
(In thousands) | Less than 12 Months |  | 12 Months or More |  | Total
| Fair Value |  | Unrealized (Loss) |  | Fair Value |  | Unrealized (Loss) |  | Fair Value |  | Unrealized (Loss)
June 30, 2025: |  |  |  |  |  |  |  |  |  |  |
U. S. Government agency and mortgage-backed securities | $ | 2,004 |  |  | $ | (30) |  |  | $ | 58,386 |  |  | $ | (13,875) |  |  | $ | 60,390 |  |  | $ | (13,905) |
Corporate bonds | — |  |  | — |  |  | 13,191 |  |  | (2,805) |  |  | 13,191 |  |  | (2,805) |
Subordinated notes | — |  |  | — |  |  | 3,544 |  |  | (456) |  |  | 3,544 |  |  | (456) |
SBA loan pools | — |  |  | — |  |  | 3,502 |  |  | (843) |  |  | 3,502 |  |  | (843) |
Total available-for-sale securities | $ | 2,004 |  |  | $ | (30) |  |  | $ | 78,623 |  |  | $ | (17,979) |  |  | $ | 80,627 |  |  | $ | (18,009) |
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 June 30, 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 Cost |  | Fair Value
| Due Within 5 years |  | Due After 5 years through 10 years |  | Due After 10 years |  | Total |  | Due Within 5 years |  | Due After 5 years through 10 years |  | Due After 10 years |  | Total
June 30, 2025: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds | $ | — |  |  | $ | 15,996 |  |  | $ | — |  |  | $ | 15,996 |  |  | $ | — |  |  | $ | 13,191 |  |  | $ | — |  |  | $ | 13,191 |
Subordinated notes | 3,000 |  |  | 1,000 |  |  | — |  |  | 4,000 |  |  | 2,657 |  |  | 887 |  |  | — |  |  | 3,544 |
SBA loan pools | — |  |  | — |  |  | 4,345 |  |  | 4,345 |  |  | — |  |  | — |  |  | 3,502 |  |  | 3,502 |
Municipal bonds | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Available-for-sale securities with stated maturity dates | 3,000 |  |  | 16,996 |  |  | 4,345 |  |  | 24,341 |  |  | 2,657 |  |  | 14,078 |  |  | 3,502 |  |  | 20,237 |
U. S. Government agency and mortgage-backed securities | — |  |  | 5,153 |  |  | 69,142 |  |  | 74,295 |  |  | — |  |  | 4,301 |  |  | 56,089 |  |  | 60,390 |
Total available-for-sale securities | $ | 3,000 |  |  | $ | 22,149 |  |  | $ | 73,487 |  |  | $ | 98,636 |  |  | $ | 2,657 |  |  | $ | 18,379 |  |  | $ | 59,591 |  |  | $ | 80,627 |
December 31, 2024: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds | $ | — |  |  | $ | 15,996 |  |  | $ | — |  |  | $ | 15,996 |  |  | $ | — |  |  | $ | 12,735 |  |  | $ | — |  |  | $ | 12,735 |
Subordinated notes | 3,000 |  |  | 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 dates | 3,000 |  |  | 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 |

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