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Available-for-Sale Securities (Tables)
 6 Months Ended
Jun. 30, 2024
Investments [Abstract]  
Schedule of Available-for-sale Securities
The amortized cost, gross unrealized gains, gross unrealized losses and fair values of available-for-sale securities at June 30, 2024 and December 31, 2023 are as follows:
(In thousands)Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair Value
June 30, 2024:
U. S. Government agency and mortgage-backed securities$79,854 $— $(15,567)$64,287 
Corporate bonds17,996 — (4,113)13,883 
Subordinated notes5,000 — (673)4,327 
SBA loan pools4,733 — (1,030)3,703 
Municipal bonds558 — (91)467 
Total available-for-sale securities$108,141 $— $(21,474)$86,667 
December 31, 2023:
U. S. Government agency and mortgage-backed securities$80,500 $— $(14,829)$65,671 
Corporate bonds17,995 — (4,229)13,766 
Subordinated notes5,000 — (773)4,227 
SBA loan pools6,002 — (965)5,037 
Municipal bonds559 — (73)486 
Total available-for-sale securities$110,056 $— $(20,869)$89,187 
Schedule of Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value
The following table presents the available-for-sale securities’ gross unrealized losses and fair value, aggregated by the length of time the individual securities have been in a continuous loss position as of June 30, 2024 and December 31, 2023:
(In thousands)Less than 12 Months12 Months or MoreTotal
Fair Value Unrealized (Loss) Fair Value Unrealized (Loss) Fair Value Unrealized (Loss)
June 30, 2024:
U. S. Government agency and mortgage-backed securities$4,236 $(132)$60,051 $(15,435)$64,287 $(15,567)
Corporate bonds— — 13,883 (4,113)13,883 (4,113)
Subordinated notes— — 4,327 (673)4,327 (673)
SBA loan pools— — 3,703 (1,030)3,703 (1,030)
Municipal bonds— — 467 (91)467 (91)
Total available-for-sale securities$4,236 $(132)$82,431 $(21,342)$86,667 $(21,474)
      
December 31, 2023:      
U. S. Government agency and mortgage-backed securities$9,984 $(286)$55,687 $(14,543)$65,671 $(14,829)
Corporate bonds— — 13,766 (4,229)13,766 (4,229)
Subordinated notes— — 4,227 (773)4,227 (773)
SBA loan pools— — 5,037 (965)5,037 (965)
Municipal bonds— — 486 (73)486 (73)
Total available-for-sale securities$9,984 $(286)$79,203 $(20,583)$89,187 $(20,869)
Schedule of Investments Classified by Contractual Maturity Date
The following summarizes, by class and contractual maturity, the amortized cost and estimated fair value of available-for-sale debt securities held as of June 30, 2024 and December 31, 2023. The mortgages underlying the mortgage-backed securities are not due at a single maturity date. Additionally, these mortgages often are and generally may be pre-paid without penalty, creating a degree of uncertainty that such investments can be held until maturity. For convenience, mortgage-backed securities have been included in the summary as a separate line item.
(In thousands)Amortized CostFair Value
Due
Within
5 years		 Due After
5 years
through
10 years		 Due
After
10 years		TotalDue
Within
5 years		 Due After
5 years
through
10 years		 Due
After
10 years		Total
June 30, 2024:
Corporate bonds$2,000  $15,996  $— $17,996 $1,957  $11,926  $— $13,883 
Subordinated notes3,000  2,000  — 5,000 2,550  1,777  — 4,327 
SBA loan pools—  —  4,733 4,733 —  —  3,703 3,703 
Municipal bonds153  405  — 558 136  331  — 467 
Available-for-sale securities with stated maturity dates5,153  18,401  4,733 28,287 4,643  14,034  3,703 22,380 
U. S. Government agency and mortgage-backed securities—  5,184  74,670 79,854 —  4,109  60,178 64,287 
Total available-for-sale securities$5,153  $23,585  $79,403 $108,141 $4,643  $18,143  $63,881 $86,667 
December 31, 2023:
Corporate bonds$2,000  $15,995  $— $17,995 $1,947  $11,819  $— $13,766 
Subordinated notes3,000  2,000  — 5,000 2,527  1,700  — 4,227 
SBA loan pools—  1,096  4,906 6,002 —  1,084  3,953 5,037 
Municipal bonds153  406  — 559 140  346  — 486 
Available-for-sale securities with stated maturity dates5,153  19,497  4,906 29,556 4,614  14,949  3,953 23,516 
U. S. Government agency and mortgage-backed securities—  5,222  75,278 80,500 —  4,237  61,434 65,671 
Total available-for-sale securities$5,153  $24,719  $80,184 $110,056 $4,614  $19,186  $65,387 $89,187