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Available-for-Sale Securities (Tables)
6 Months Ended
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 CostGross Unrealized GainsGross Unrealized (Losses)Fair Value
June 30, 2025:
U. S. Government agency and mortgage-backed securities$74,295 $— $(13,905)$60,390 
Corporate bonds15,996 — (2,805)13,191 
Subordinated notes4,000 — (456)3,544 
SBA loan pools4,345 — (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 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 June 30, 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)
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 $(20,255)
Schedule of Investments Classified by Contractual Maturity Date
The following summarizes, by class and contractual maturity, the amortized cost and estimated fair value of available-for-sale debt securities held as of June 30, 2025 and December 31, 2024. The mortgages underlying the mortgage-backed securities are not due at a single maturity date. Additionally, these mortgages often are and generally may be pre-paid without penalty, creating a degree of uncertainty that such investments can be held until maturity. For convenience, mortgage-backed securities have been included in the summary as a separate line item.
(In thousands)Amortized CostFair Value
Due
Within
5 years
 Due After
5 years
through
10 years
 Due
After
10 years
TotalDue
Within
5 years
 Due After
5 years
through
10 years
 Due
After
10 years
Total
June 30, 2025:
Corporate bonds$—  $15,996  $— $15,996 $—  $13,191  $— $13,191 
Subordinated notes3,000  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 dates3,000  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 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