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Securities (Tables)
 6 Months Ended
Jun. 30, 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 dates indicated and the corresponding amounts of unrealized gains and losses which were recognized in accumulated other comprehensive income (loss):
   
Amortized
Cost
    
Gross Unrealized Gains
    
Gross Unrealized Losses
    
Fair Value
  
   
(In thousands)
  
June 30, 2022:
      
Federal agency mortgage-backed securities
  
$
90,453
    
$
13
    
$
(7,364
)
  
$
83,102
  
Federal agency collateralized mortgage obligations (“CMO”)
     27,385       79       (644 )     26,820  
Federal agency debt
    
51,598
      
47
      
(2,771
)
    
48,874
  
Municipal bonds
    
4,882
      
-
      
(543
)
    
4,339
  
U.S. Treasuries
    
62,656
      
63
      
(1,539
)
    
61,180
  
SBA pools
    
15,189
      
25
      
(1,231
)
    
13,983
  
Total available-for-sale securities
  
$
252,163
    
$
227
    
$
(14,092
)
  
$
238,298
  
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 June 30, 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
  
$
1,005
    
$
-
    
$
(5
)
  
$
1,000
  
Due after one year through five years
    
103,542
      
63
      
(3,393
)
    
100,212
  
Due after five years through ten years
    
40,021
      
55
      
(2,173
)
    
37,903
  
Due after ten years (1)
    
107,595
      
109
      
(8,521
)
    
99,183
  
   
$
252,163
    
$
227
    
$
(14,092
)
  
$
238,298
  

(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.