Securities (Tables)

9 Months Ended

Sep. 30, 2023

Securities [Abstract]

Summary of Disaggregated Net Income on Equity Securities

	For the three months ended September 30,				For the nine months ended September 30,
(In Thousands)	2023		2022		2023		2022
Net losses recognized during the period on equity securities held at the reporting date	$	(436)	$	(559)	$	(4,157)	$	(5,487)
Net losses recognized during the period on equity securities sold during the period		(58)		-		(233)		(59)
Realized and unrealized losses on equity investments during the reporting period	$	(494)	$	(559)	$	(4,390)	$	(5,546)

Amortized Cost and Gross Unrealized Gains and Losses on Securities Available for Sale

	September 30, 2023
			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
	(In Thousands)
Residential Mortgage-backed securities:
More than one to five years	$	708	$	-	$	41	$	667
More than five to ten years		4,388		-		381		4,007
More than ten years		33,604		-		4,613		28,991
Sub-total:		38,700		-		5,035		33,665
Corporate Debt securities:
More than one to five years		6,000		-		115		5,885
More than five to ten years		53,564		-		6,942		46,622
Sub-total:		59,564		-		7,057		52,507
Total securities	$	98,264	$	-	$	12,092	$	86,172

	December 31, 2022
			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
	(In Thousands)
Residential Mortgage-backed securities:
More than five to ten years		5,445		-		350		5,095
More than ten years		23,210		-		3,435		19,775
Sub-total:		28,655		-		3,785		24,870
Corporate Debt securities:
Due within one year		7,321		-		91		7,230
More than five to ten years		59,629		-		4,005		55,624
Sub-total:		66,950		-		4,096		62,854
Municipal obligations:
Due after ten years		3,997		-		6		3,991
Sub-total:		3,997		-		6		3,991
Total Debt Securities Available for Sale	$	99,602	$	-	$	7,887	$	91,715

Available for Sale Securities, Continuous Unrealized Loss Position, Fair Value

	12 Months or Less				More than 12 Months				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
	(In Thousands)
September 30, 2023
Residential Mortgage-backed securities	$	11,987	$	489	$	21,677	$	4,546	$	33,664	$	5,035
Corporate Debt securities		22,980		2,506		28,228		4,551		51,208		7,057
	$	34,967	$	2,995	$	49,905	$	9,097	$	84,872	$	12,092
December 31, 2022
Residential Mortgage-backed securities	$	17,362	$	2,022	$	7,508	$	1,763	$	24,870	$	3,785
Corporate Debt Securities		51,607		3,199		9,948		897		61,555		4,096
Municipal Obligations		3,991		6		-		-		3,991		6
	$	72,960	$	5,227	$	17,456	$	2,660	$	90,416	$	7,887