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Securities (Tables)
 3 Months Ended
Mar. 31, 2022
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 as of the periods indicated and the corresponding amounts of unrealized gains and losses that were recognized in accumulated other comprehensive income (loss):
   
Amortized
Cost
    
Gross Unrealized Gains
    
Gross Unrealized Losses
    
Fair Value
  
   
(In thousands)
  
March 31, 2022:
      
Federal agency mortgage-backed securities
  
$
79,222
    
$
31
    
$
(4,368
)
  
$
74,885
  
Federal agency collateralized mortgage obligations (“CMO”)
     8,910       11       (373 )     8,548  
Federal agency debt
    
42,035
      
58
      
(1,826
)
    
40,267
  
Municipal bonds
    
4,890
      
-
      
(354
)
    
4,536
  
U. S. Treasuries
    
28,168
      
-
      
(1,104
)
    
27,064
  
SBA pools
    
15,770
      
18
      
(780
)
    
15,008
  
Total available-for-sale securities
  
$
178,995
    
$
118
    
$
(8,805
)
  
$
170,308
  
December 31, 2021:
  
 
Federal agency mortgage-backed securities
  
$
70,078
    
$
196
    
$
(244
)
  
$
70,030
  
Federal agency CMOs
     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
  
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 March 31, 2022, 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
  
$
1,009
    
$
-
    
$
(5
)
  
$
1,004
  
Due after one year through five years
    
49,938
      
-
      
(2,086
)
    
47,852
  
Due after five years through ten years
    
19,373
      
8
      
(1,075
)
    
18,306
  
Due after ten years (1)
    
108,675
      
110
      
(5,639
)
    
103,146
  
   
$
178,995
    
$
118
    
$
(8,805
)
  
$
170,308
  

(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.