Debt Securities (Tables)

3 Months Ended

Mar. 31, 2024

Debt Securities [Abstract]

Summary of Amortized Cost and Fair Value of Securities Available-for-Sale

	Amortized		Gross		Gross			Allowance
	Cost		Unrealized		Unrealized			for Credit	Fair
(In thousands)	Basis		Gains		Losses			Losses	Value
March 31, 2024
State and municipal	$	11,758	$	4	$	442	$	—	$	11,320
Asset-backed securities		8,255		—		769		—		7,486
Government mortgage-backed securities		9,976		—		870		—		9,106
Total debt securities available-for-sale	$	29,989	$	4	$	2,081	$	—	$	27,912

		Amortized		Gross		Gross		Allowance
		Cost		Unrealized		Unrealized		for Credit	Fair
(In thousands)		Basis		Gains		Losses		Losses	Value
December 31, 2023
State and municipal	$	11,785	$	14	$	399	$	—	$	11,400
Asset-backed securities		8,319		—		784		—		7,535
Government mortgage-backed securities		10,405		—		769		—		9,636
Total debt securities available-for-sale	$	30,509	$	14	$	1,952	$	—	$	28,571

Schedule of Maturities of Debt Securities

	Available-for-Sale
	Amortized		Fair
(In thousands)	Cost		Value
Due in one year	$	554	$	545
Due after one year through five years		599		601
Due after five years through ten years		1,425		1,426
Due after ten years		9,180		8,748
Government mortgage-backed securities		9,976		9,106
Asset-backed securities		8,255		7,486
	$	29,989	$	27,912

Schedule of Aggregate Fair Value and Unrealized Losses of Securities

	Less than 12 Months				12 Months or Longer				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(In thousands)	Value		Losses		Value		Losses		Value		Losses
March 31, 2024
Temporarily impaired securities:
State and municipal	$	1,305	$	4	$	7,206	$	438	$	8,511	$	442
Asset-backed securities		1,775		43		5,711		726		7,486		769
Government mortgage-backed securities		1,380		10		7,726		860		9,106		870
Total temporarily impaired debt securities	$	4,460	$	57	$	20,643	$	2,024	$	25,103	$	2,081
December 31, 2023
Temporarily impaired securities:
State and municipal	$	—	$	—	$	7,269	$	399	$	7,269	$	399
Asset-backed securities		1,802		16		5,733		768		7,535		784
Government mortgage-backed securities		—		—		9,574		769		9,574		769
Total temporarily impaired debt securities	$	1,802	$	16	$	22,576	$	1,936	$	24,378	$	1,952