Securities (Tables)

12 Months Ended

Dec. 31, 2023

Securities [Abstract]

Summary of Disaggregated Net Income on Equity Securities

		For the Twelve Months Ended December 31, 2023		For the Twelve Months Ended December 31, 2022		For the Twelve Months Ended December 31, 2021
Net gains (losses) recognized during the period on equity securities	$	(3,361)	$	(6,269)	$	147
Less: Net gains (losses) recognized during the period on equity securities sold during the period		(24)		(59)		-
Unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date	$	(3,337)	$	(6,210)	$	147

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

	December 31, 2023
			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
	(In Thousands)
Residential Mortgage-backed securities:
More than one to five years	$	605	$	-	$	24	$	581
More than five to ten years		4,147		-		230		3,917
More than ten years		32,833		192		2,910		30,115
Sub-total:		37,585		192		3,164		34,613
Corporate Debt Securities:
More than one to five years		8,981		-		197		8,784
More than five to ten years		50,583		-		6,211		44,372
Sub-total:		59,564		-		6,408		53,156
Total Debt Securities Available-for-Sale	$	97,149	$	192	$	9,572	$	87,769

	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

	Less than 12 Months				More than 12 Months				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
	(In Thousands)
December 31, 2023
Residential mortgage-backed securities	$	5,316	$	98	$	22,153	$	3,066	$	27,469	$	3,164
Corporate Debt Securities		-		-		51,856		6,408		51,856		6,408
	$	5,316	$	98	$	74,009	$	9,474	$	79,325	$	9,572
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