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 | | $ | — |
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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 |
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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 |
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