Debt Securities (Tables)

9 Months Ended

Sep. 30, 2022

Debt Securities

Schedule of amortized cost, gross unrealized gains and losses and estimated fair value of securities available-for-sale and held to maturity

	September 30, 2022
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
	(In thousands)
Securities available-for-sale:
Mortgage-backed securities – agency	$	113,658	$	—	$	(19,587)	$	94,071
Collateralized mortgage obligations (CMOs) – agency		19,706		—		(2,402)		17,304
Total available-for-sale	$	133,364	$	—	$	(21,989)	$	111,375
			Gross		Gross
	Amortized		Unrecognized		Unrecognized		Fair
	Cost		Gains		Losses		Value
	(In thousands)
Securities held-to-maturity:
Collateralized mortgage obligations (CMOs) – agency	$	80,102	$	—	$	(8,666)	$	71,436
Total held-to-maturity	$	80,102	$	—	$	(8,666)	$	71,436
	December 31, 2021
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
	(In thousands)
Securities available-for-sale:
Mortgage-backed securities – agency	$	122,258	$	673	$	(2,050)	$	120,881
Collateralized mortgage obligations (CMOs) – agency		27,316		237		(50)		27,503
Total available-for-sale	$	149,574	$	910	$	(2,100)	$	148,384

Schedule of gross unrealized losses and fair value, securities in continuous unrealized loss position

	September 30, 2022
	Less Than 12 Months				12 Months or Longer				Total
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
	(In thousands)
Securities available-for-sale:
Mortgage-backed securities – agency	$	24,357	$	(3,618)	$	69,714	$	(15,969)	$	94,071	$	(19,587)
CMOs – agency		16,315		(2,291)		989		(111)		17,304		(2,402)
Total temporarily impaired securities	$	40,672	$	(5,909)	$	70,703	$	(16,080)	$	111,375	$	(21,989)
	Less Than 12 Months				12 Months or Longer				Total
	Fair Value		Gross Unrecognized Losses		Fair Value		Gross Unrecognized Losses		Fair Value		Gross Unrecognized Losses
	(In thousands)
Securities held-to-maturity:
CMOs – agency	$	71,436	$	(8,666)	$	—	$	—	$	71,436	$	(8,666)
Total temporarily impaired securities	$	71,436	$	(8,666)	$	—	$	—	$	71,436	$	(8,666)
	December 31, 2021
	Less Than 12 Months				12 Months or Longer				Total
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
	(In thousands)
Securities available-for-sale:
Mortgage-backed securities - agency	$	101,235	$	(1,813)	$	4,503	$	(237)	$	105,738	$	(2,050)
CMOs - Agency		7,416		(50)		—		—		7,416		(50)
Total temporarily impaired securities	$	108,651	$	(1,863)	$	4,503	$	(237)	$	113,154	$	(2,100)