Deposits (Tables)

12 Months Ended

Dec. 31, 2023

Statistical Disclosure for Banks [Abstract]

Deposit Liabilities, Type

The following table presents the balance of deposits held, by category, and the related weighted average stated interest rate as of December 31, 2023 and 2022.

	December 31, 2023				December 31, 2022
(In thousands)	Balance		Weighted Avg. Stated Interest Rate		Balance		Weighted Avg. Stated Interest Rate
Non-interest bearing	$	110,056	—		$	269,636	—
Interest bearing:
Negotiable order of withdrawal accounts	42,416		0.94	%	34,440		0.07	%
Savings	44,104		0.83	%	71,002		0.61	%
Interest bearing DDA	162,196		2.46	%	—		—	%
Money market	200,280		1.92	%	211,000		1.38	%
Certificates of deposit, less than $250,000	175,988		4.16	%	165,793		1.72	%
Certificates of deposit, $250,000 or greater	64,745		4.63	%	59,877		1.72	%
Brokered deposits	40,526		5.34	%	48,698		2.07	%
Interest bearing, Total	730,255		2.89	%	590,810		1.40	%
Total Deposits	$	840,311	2.51	%	$	860,446	0.96	%

Schedule of Interest Expenses on Deposits Liabilities Type

The following table presents interest expense, by deposit category, and the related weighted average effective interest rate for each of the years in the three-year period ended December 31, 2023.

(In thousands)	Year ended December 31,
	2023				2022				2021
	Interest Expense		Weighted Avg. Effective Interest Rate		Interest Expense		Weighted Avg. Effective Interest Rate		Interest Expense		Weighted Avg. Effective Interest Rate
Negotiable order of withdrawal accounts	$	198	0.57	%	$	23	0.07	%	$	24	0.07	%
Savings	2,290		3.92	%	1,028		1.02	%	238		0.22	%
Interest bearing DDA	1,002		3.37	%	—		—	%	—		—	%
Money market	7,766		2.74	%	1,973		1.09	%	449		0.30	%
Certificates of deposit, less than $250,000	5,226		2.83	%	1,411		0.79	%	899		0.61	%
Certificates of deposit, $250,000 or greater	1,987		3.14	%	400		0.68	%	270		0.49	%
Brokered deposits	3,199		4.02	%	465		1.39	%	363		1.83	%
	$	21,668	3.05	%	$	5,300	0.93	%	$	2,243	0.43	%

Contractual Obligation, Fiscal Year Maturity

As of December 31, 2023, contractual maturities of Certificates of Deposit (“CDs”) and brokered deposits are summarized as follows:

(In thousands)	CDs less than $250,000		CDs $250,000 or greater		Brokered Deposits		Total
1 year or less	$	145,322	$	54,856	$	33,853	$	234,031
More than 1 year through 2 years	24,010		8,637		251		32,898
More than 2 years through 3 years	6,320		1,252		6,422		13,994
More than 3 years through 4 years	145		—		—		145
More than 4 years through 5 years	191		—		—		191
	$	175,988	$	64,745	$	40,526	$	281,259