Investments in Securities (Tables)

3 Months Ended

Mar. 31, 2022

Investments Debt And Equity Securities [Abstract]

Schedule of Held-to-Maturity Securities

Investments in securities have been classified in the consolidated balance sheets according to management’s intent. The amortized cost basis of securities and their approximate fair values are as follows at the dates indicated:

	Amortized		Gross		Gross
	Cost		Unrealized		Unrealized			Fair
Held-to-maturity:	Basis		Gains		Losses			Value
			(In Thousands)
March 31, 2022
Debt securities issued by U.S. government-sponsored enterprises	$	8,604	$	19	$	(373	)	$	8,250
Mortgage-backed securities		48,415		38		(2,966	)		45,487
Corporate bonds		10,638		—		(384	)		10,254
U.S. Treasury Securities		2,903		—		(9	)		2,894
Total held-to-maturity securities	$	70,560	$	57	$	(3,732	)	$	66,885
December 31, 2021
Debt securities issued by U.S. government-sponsored enterprises	$	10,107	$	75	$	(142	)	$	10,040
Mortgage-backed securities		44,818		311		(492	)		44,637
Corporate bonds		10,646		233		—			10,879
Total held-to-maturity securities	$	65,571	$	619	$	(634	)	$	65,556

Schedule of Available-for-Sale Securities

	Amortized		Gross		Gross
	Cost		Unrealized		Unrealized		Fair
Available-for-sale	Basis		Gains		Losses		Value
			(In Thousands)
March 31, 2022
Debt securities
Corporate bonds	$	4,989	$	40	$	—	$	5,029
Total available-for-sale securities	$	4,989	$	40	$	—	$	5,029
December 31, 2021
Debt securities
Corporate bonds	$	4,990	$	20	$	—	$	5,010
Total available-for-sale securities	$	4,990	$	20	$	—	$	5,010

Schedule of the Contractual Maturities of Available for Sale and Held-to-Maturity Securities

A schedule of the contractual maturities of available for sale and held to maturity securities as of March 31, 2022 is presented below:

	Available-
	for-sale		Held-to-maturity
	Fair		Amortized		Fair
	Value		Cost Basis		Value
	(In Thousands)
Within 1 year	$	—	$	2,009	$	2,023
After 1 year through 5 years		5,029		19,272		18,554
After 5 years through 10 years		—		4,662		4,522
After 10 years		—		44,617		41,786
Total	$	5,029	$	70,560	$	66,885

Aggregate Fair Value and Unrealized Losses of Securities in a Continuous Unrealized Loss Position

The aggregate fair value and unrealized losses of securities that have been in a continuous unrealized loss position for less than twelve months and for twelve months or more, and are not other-than-temporarily impaired, are as follows as of March 31, 2022:

	Less than 12 Months					12 Months or Longer					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Losses			Value		Losses			Value		Losses
						(In Thousands)
As of March 31, 2022
Held-to-maturity
Debt securities issued by U.S. government-sponsored enterprises	$	-	$	-		$	5,209	$	(373	)	$	5,209	$	(373	)
Mortgage-backed securities		28,743		(1,603	)		15,093		(1,363	)		43,836		(2,966	)
Corporate Bonds		10,254		(384	)		-		-			10,254		(384	)
U.S. Treasury Securities		2,894		(9	)		-		-			2,894		(9	)
Total temporarily impaired securities	$	41,891	$	(1,996	)	$	20,302	$	(1,736	)	$	62,193	$	(3,732	)