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Securities (Tables)

12 Months Ended

Dec. 31, 2021

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-sale Securities Reconciliation [Table Text Block]

A summary of amortized cost and cost and fair value of securities is presented below.

		December 31, 2021
(In thousands)		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Estimated Fair Value
Securities available for sale:
U.S. government agencies		$	15,847			$	4			$	449			$	15,402
Mortgage-backed securities			1,724				30				-				1,754
Total securities available for sale		$	17,571			$	34			$	449			$	17,156

Securities held to maturity:
Property assessed clean energy		$	2,731			$	-			$	-			$	2,731
Public Improvement District & TIRZ			16,942				-				-				16,942
Total securities held to maturity		$	19,673			$	-			$	-			$	19,673
Securities, restricted:
Other		$	2,432			$	-			$	-			$	2,432

Securities not readily marketable		$	100			$	-			$	-			$	100

		December 31, 2020
(In thousands)		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Estimated Fair Value
Securities available for sale:
U.S. government agencies		$	14,936			$	38			$	25			$	14,949
Mortgage-backed securities			2,373				74				-				2,447
Total securities available for sale		$	17,309			$	112			$	25			$	17,396

Securities held to maturity:
Property assessed clean energy		$	5,776			$	-			$	-			$	5,776
Securities, restricted:
Other		$	2,431			$	-			$	-			$	2,431

Securities not readily marketable		$	100			$	-			$	-			$	100

Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value [Table Text Block]

The table below indicates the length of time individual investment securities have been in a continuous loss position as of December 31, 2021:

		Less than 12 months								12 months or longer								Total
(In thousands)		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
U.S. government agencies		$	9,438			$	256			$	5,803			$	193			$	15,241			$	449

Investments Classified by Contractual Maturity Date [Table Text Block]

The amortized cost and estimated fair value of securities at December 31, 2021 are presented below by contractual maturity. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Residential mortgage backed securities are shown separately since they are not due at a single maturity date.

		Available for Sale								Held to Maturity
(In thousands)		Amortized Cost				Estimated Fair Value				Amortized Cost				Estimated Fair Value
Due in one year or less		$	21			$	21			$	-			$	-
Due after one year through five years			1,995				1,927				2,707				2,707
Due after five years through ten years			10,157				9,916				-				-
Due after ten years			3,674				3,538				16,966				16,966
Mortgage-backed securities			1,724				1,754				-				-
Total		$	17,571			$	17,156			$	19,673			$	19,673