Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Measurements

Schedule of assets measured at fair value on a recurring basis

	Fair Value Measurements Using
	Quoted Prices In Active Markets For Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)
	(In thousands)
September 30, 2022
Assets
Available-for-sale securities
Mortgage-backed securities – agency	$	—	$	94,071	$	—
CMOs – agency		—		17,304		—
Total	$	—	$	111,375	$	—
December 31, 2021
Assets
Available-for-sale securities
Mortgage-backed securities – agency	$	—	$	120,881	$	—
CMOs – agency		—		27,503		—
Total	$	—	$	148,384	$	—

Schedule of carrying amounts and fair values of financial instruments

	Fair Value Measurement at September 30, 2022, Using:
	Carrying
	Value		(Level 1)		(Level 2)		(Level 3)		Total
	(In thousands)
Financial Assets:
Cash and cash equivalents	$	182,125	$	1,217	$	180,908	$	—	$	182,125
Securities purchased under agreements to resell, at cost		50,225		—		—		50,225		50,225
Securities, held-to-maturity		80,102		—		71,436		—		71,436
Securities, restricted, at cost		2,810		N/A		N/A		N/A		N/A
Loans held for investment, net		864,229		—		—		856,612		856,612
Accrued interest receivable		5,228		—		298		4,728		5,026
Financial Liabilities:
Time deposits		18,928		—		18,813		—		18,813
Demand and other deposits		1,168,529		1,168,529		—		—		1,168,529
Secured borrowings		47		—		47		—		47
Accrued interest payable		10		—		10		—		10

	Fair Value Measurement at December 31, 2021, Using:
	Carrying
	Value		(Level 1)		(Level 2)		(Level 3)		Total
	(In thousands)
Financial Assets:
Cash and cash equivalents	$	149,156	$	2,202	$	146,954	$	—	$	149,156
Securities purchased under agreements to resell, at cost		50,271		—		—		50,271		50,271
Securities, restricted, at cost		2,680		N/A		N/A		N/A		N/A
Loans held for investment, net		775,441		—		—		774,114		774,114
Accrued interest receivable		4,197		—		252		3,945		4,197
Financial Liabilities:
Time deposits		19,312		—		19,330		—		19,330
Demand and other deposits		1,009,097		1,009,097		—		—		1,009,097
Secured borrowings		48		—		48		—		48