Fair Value Disclosures (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures

Assets carried at fair value on a recurring basis

	Quoted Prices in				Significant Other				Significant				Total Carried
	Active Markets for				Observable				Unobservable				at Fair
	Identical Assets				Inputs				Inputs				Value on a
	(Level 1)				(Level 2)				(Level 3)				Recurring Basis
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
Description	2021		2020		2021		2020		2021		2020		2021		2020
Assets:
Marketable equity securities:
Mutual funds	$	19,943	$	10,332	$	—	$	—	$	—	$	—	$	19,943	$	10,332
Mortgage-backed securities
FHLMC		—		—		1		2		—		—		1		2
Total assets	$	19,943	$	10,332	$	1	$	2	$	—	$	—	$	19,944	$	10,334

Assets carried at fair value on a non-recurring basis

	Quoted Prices in				Significant Other				Significant				Total Carried
	Active Markets for				Observable				Unobservable				at Fair
	Identical Assets				Inputs				Inputs				Value on a
	(Level 1)				(Level 2)				(Level 3)				Non-Recurring Basis
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
Description	2021		2020		2021		2020		2021		2020		2021		2020
	(In Thousands)
Assets:
Impaired loans	$	—	$	—	$	—	$	—	$	—	$	150	$	—	$	150
Real estate owned		—		—		—		—		—		1,996		—		1,996
Total assets	$	—	$	—	$	—	$	—	$	—	$	2,146	$	—	$	2,146

Schedule of qualitative information about non-recurring Level 3 fair value measurements of financial instruments

	At December 31, 2021
	Fair		Valuation	Unobservable			Weighted
	Value		Technique	Input	Range		Average
	(In Thousands)
Assets:
Impaired loans	$	—	Income approach	Capitalization rate	—	%	—	%
Real estate owned		—	Income approach	Capitalization rate	—	%	—	%

	At December 31, 2020
	Fair		Valuation	Unobservable			Weighted
	Value		Technique	Input	Range		Average
	(In Thousands)
Assets:
Impaired loans	$	150	Income approach	Capitalization rate	7.50	%	7.50	%
Real estate owned		1,996	Income approach	Capitalization rate	8.40	%	8.40	%

Schedule of carrying amounts and estimated fair value of our financial instruments

					Fair Value at December 31, 2021
					Quoted
					Prices in
					Active		Significant
					Markets for		Other		Significant
					Identical		Observable		Unobservable
	Carrying				Assets		Inputs		Inputs
(In thousands)	Amount		Fair Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets
Cash and cash equivalents	$	152,269	$	152,269	$	152,269	$	—	$	—
Certificates of deposit		100		100		—		100		—
Marketable equity securities		19,943		19,943		19,943		—		—
Securities available for sale		1		1		—		1		—
Securities held to maturity		17,880		17,620		—		17,620		—
Loans receivable		968,093		968,247		—		—		968,247
Investments in restricted stock		1,569		1,569		—		1,569		—
Accrued interest receivable		4,283		4,283		—		4,283		—
Financial Liabilities
Deposits		927,164		929,003		—		929,003		—
FHLB of New York advances		28,000		28,283		—		28,283		—
Accrued interest payable		—		—		—		—		—

					Fair Value at December 31, 2020
					Quoted
					Prices in
					Active		Significant
					Markets for		Other		Significant
					Identical		Observable		Unobservable
	Carrying				Assets		Inputs		Inputs
(In thousands)	Amount		Fair Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets
Cash and cash equivalents	$	69,191	$	69,191	$	69,191	$	—	$	—
Certificates of deposit		100		100		—		100		—
Marketable equity securities		10,332		10,332		10,332		—		—
Securities available for sale		2		2		—		2		—
Securities held to maturity		7,382		7,519		—		7,519		—
Loans receivable		819,733		823,996		—		—		823,996
Investments in restricted stock		1,595		1,595		—		1,595		—
Accrued interest receivable		3,838		3,838		—		3,838		—
Financial Liabilities
Deposits		771,706		776,413		—		776,413		—
FHLB of New York advances		28,000		29,292		—		29,292		—
Accrued interest payable		8		8		—		8		—