Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Measurements [Abstract]

Schedule of Assets Measured at Fair Value on a Recurring Basis

	Fair Value Measurements at Reporting Date Using
					Significant		Significant
					Other Observable		Unobservable
					Inputs		Inputs
(In thousands)	Total		Level 1		Level 2		Level 3
June 30, 2022
State and municipal securities	$	11,339	$	—	$	11,339	$	—
Asset-backed securities		6,929		—		6,929		—
Government mortgage-backed securities		12,900		—		12,900		—
Totals	$	31,168	$	—	$	31,168	$	—
December 31, 2021
State and municipal securities	$	12,591	$	—	$	12,591	$	—
Asset-backed securities		8,255		—		8,255		—
Government mortgage-backed securities		15,991		—		15,991		—
Totals	$	36,837	$	—	$	36,837	$	—

Schedule of Assets Measured at Fair Value on a Nonrecurring Basis

	Fair Value Measurements at Reporting Date Using:
			Quoted Prices in		Significant		Significant
			Active Markets for		Other Observable		Unobservable
			Identical Assets		Inputs		Inputs
(In thousands)	Total		Level 1		Level 2		Level 3
June 30, 2022
Impaired loans
Commercial	$	301	$	—	$	—	$	301
Totals	$	301	$	—	$	—	$	301
December 31, 2021
Impaired loans
Commercial	$	361		—	$	—	$	361
Totals	$	361	$	—	$	—	$	361

Schedule of Valuation Methodology and Unobservable Inputs for Level 3 Assets Measured at Fair Value on a Nonrecurring Basis

(In thousands)	Fair Value		Valuation Technique	Unobservable Input	Range
June 30, 2022
Impaired loans
Commercial	$	301	Business valuation	Comparable company evaluations	0% - 28%
December 31, 2021
Impaired loans
Commercial	$	361	Business valuation	Comparable company evaluations	0% - 24%

Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments, Held or Issued for Purposes Other Than Trading

	Carrying		Fair Value
(In thousands)	Amount		Level 1		Level 2		Level 3		Total
June 30, 2022
Financial assets:
Cash and cash equivalents	$	154,804	$	154,804	$	—	$	—	$	154,804
Available-for-sale debt securities		31,168		—		31,168		—		31,168
Federal Home Loan Bank of Boston stock		3,743		N/A		N/A		N/A		N/A
Loans, net		1,514,245		—		—		1,477,514		1,477,514
Accrued interest receivable		5,765		—		5,765		—		5,765
Financial liabilities:
Deposits		1,439,872		—		1,439,789		—		1,439,789
Borrowings		91,500		—		91,223		—		91,223
December 31, 2021
Financial assets:
Cash and cash equivalents	$	153,115	$	153,115	$	—	$	—	$	153,115
Available-for-sale debt securities		36,837		—		36,837		—		36,837
Federal Home Loan Bank of Boston stock		785		N/A		N/A		N/A		N/A
Loans and loans held for sale, net		1,456,649		—		—		1,468,013		1,468,013
Accrued interest receivable		5,703		—		5,703		—		5,703
Financial liabilities:
Deposits		1,459,895		—		1,459,841		—		1,459,841
Borrowings		13,500		—		13,698		—		13,698