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Securities (Tables)
 12 Months Ended
Dec. 31, 2021
Securities [Abstract]  
Available-for-Sale Investment Securities Portfolios
The following table summarizes the amortized cost and fair value of the available‑for‑sale investment securities portfolios at December 31, 2021 and December 31, 2020 and the corresponding amounts of unrealized gains (losses) which are recognized in accumulated other comprehensive income:
 
   
Amortized
Cost
    
Gross
Unrealized
Gains
    
Gross
Unrealized
Losses
    
Fair Value
  
   
(In thousands)
  
December 31, 2021:
                        
Federal agency mortgage‑backed securities
  
$
70,078
    
$
196
    
$
(244
)
  
$
70,030
  
Federal agency collateralized mortgage obligation (“CMO”)
     9,391       11       (115 )     9,287  
Federal agency debt
    
38,152
      
106
       (270 )    
37,988
  
Municipal bonds
    
4,898
      
40
      
(23
)
    
4,915
  
U.S. treasuries
     18,169       -       (218 )     17,951  
SBA pools
     16,241       122       (138 )     16,225  
Total available‑for‑sale securities
  
$
156,929
    
$
475
    
$
(1,008
)
  
$
156,396
  
December 31, 2020:
                                
Federal agency mortgage‑backed securities
  
$
5,550
    
$
257
    
$
-
    
$
5,807
  
Federal agency debt
    
2,682
      
190
      
-
      
2,872
  
Municipal bonds
     2,000       19       -       2,019  
Total available‑for‑sale securities
  
$
10,232
    
$
466
    
$
-
    
$
10,698
  
Amortized Cost and Fair Value of Investment Securities by Contractual Maturity
The amortized cost and estimated fair value of all investment securities available-for-sale at December 31, 2021, by contractual maturities are shown below.  Contractual maturities may differ from expected maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

 
  
Amortized Cost
    
Gross Unrealized Gains
    
Gross Unrealized Losses
    
Fair Value
  
 
  
(In thousands)
  
                         
Due in one year or less
  
$
1,014
    
$
-
    
$
(1
)
  
$
1,013
  
Due after one year through five years
    
33,613
      
15
      
(368
)
    
33,260
  
Due after five years through ten years
    
46,437
      
114
      
(233
)
    
46,318
  
Due after ten years (1)
    
75,865
      
346
      
(406
)
    
75,805
  
 
  
$
156,929
    
$
475
    
$
(1,008
)
  
$
156,396
  

(1)
Mortgage-backed securities, collateralized mortgage obligations and SBA pools do not have a single stated maturity date and  therefore have been included in the “Due after ten years” category.