Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

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, 2023
State and municipal securities	$	11,196	$	—	$	11,196	$	—
Asset-backed securities		6,120		—		6,120		—
Government mortgage-backed securities		10,340		—		10,340		—
Totals	$	27,656	$	—	$	27,656	$	—
December 31, 2022
State and municipal securities	$	11,071	$	—	$	11,071	$	—
Asset-backed securities		6,274		—		6,274		—
Government mortgage-backed securities		11,255		—		11,255		—
Totals	$	28,600	$	—	$	28,600	$	—

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, 2023
Loans
Enterprise value	$	1,835	$	—	$	—	$	1,835
Digital asset		9,549		—		—		9,549
Totals	$	11,384	$	—	$	—	$	11,384
December 31, 2022
Loans
Commercial	$	16,817	$	—	$	—	$	16,817
Other repossessed assets		6,051		—		—		6,051
Totals	$	22,868	$	—	$	—	$	22,868

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, 2023
Loans
Enterprise value	$	1,835	Business or collateral valuation	Comparable company or collateral evaluations	0% - 7%
Digital asset		9,549	Asset valuation	Comparable asset evaluations	0% - 1%
December 31, 2022
Loans
Commercial	$	16,817	Business or collateral valuation	Comparable company or collateral evaluations	0% - 10%
Other repossessed assets		6,051	Asset valuation	Comparable asset evaluations	0% - 3%

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, 2023
Financial assets:
Cash and cash equivalents	$	297,858	$	297,858	$	—	$	—	$	297,858
Available-for-sale debt securities		27,656		—		27,656		—		27,656
Federal Home Loan Bank of Boston stock		3,309		N/A		N/A		N/A		N/A
Loans, net		1,333,564		—		—		1,232,255		1,232,255
Accrued interest receivable		5,007		—		5,007		—		5,007
Financial liabilities:
Deposits		1,448,086		—		1,448,873		—		1,448,873
Borrowings		79,763		—		79,513		—		79,513
December 31, 2022
Financial assets:
Cash and cash equivalents	$	80,629	$	80,629	$	—	$	—	$	80,629
Available-for-sale debt securities		28,600		—		28,600		—		28,600
Federal Home Loan Bank of Boston stock		4,266		N/A		N/A		N/A		N/A
Loans, net		1,416,047		—		—		1,341,633		1,341,633
Accrued interest receivable		6,597		—		6,597		—		6,597
Other repossessed assets		6,051		—		—		6,051		6,051
Financial liabilities:
Deposits		1,279,582		—		1,279,665		—		1,279,665
Borrowings		126,829		—		124,590		—		124,590