Securities Available For Sale (Tables)

6 Months Ended

Jun. 30, 2022

Securities Available For Sale

Schedule of amortized cost and approximate fair values, together with gross unrealized gains and losses

	June 30, 2022
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
	(In thousands)
Available for sale securities:
Treasury notes	$	35,111	$	1	$	308	$	34,804
Federal agencies		284,978		—		10,126		274,852
Mortgage-backed - Government-sponsored entity (GSE)		15,774		12		7		15,779
Mortgage-backed - Non-GSE multi-family		11,731		—		352		11,379
Total available for sale securities	$	347,594	$	13	$	10,793	$	336,814

	December 31, 2021
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
	(In thousands)
Available for sale securities:
Treasury notes	$	8,232	$	4	$	27	$	8,209
Federal agencies		264,970		—		1,675		263,295
Municipals		4,300		—		—		4,300
Mortgage-backed - Government-sponsored entity (GSE)		18,664		32		336		18,360
Mortgage-backed - Non-GSE multi-family		16,424		41		—		16,465
Total available for sale securities	$	312,590	$	77	$	2,038	$	310,629

Schedule of amortized cost and fair value of available-for-sale securities by contractual maturity

	June 30, 2022				December 31, 2021
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
Contractual Maturity	(In thousands)
Within one year	$	54,247	$	52,983	$	6,548	$	6,551
After one through five years		265,842		256,673		270,954		269,253
After five through ten years		—		—		—		—
After ten years		—		—		—		—
		320,089		309,656		277,502		275,804
Mortgage-backed - Government-sponsored entity (GSE)		15,774		15,779		18,664		18,360
Mortgage-backed - Non-GSE multi-family		11,731		11,379		16,424		16,465
	$	347,594	$	336,814	$	312,590	$	310,629

Schedule of gross unrealized losses and fair value of investments with unrealized losses have been in continuous

	June 30, 2022
					12 Months or
	Less than 12 Months				Longer				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
	(In thousands)
Available for sale securities:
Treasury notes	$	32,599	$	263	$	1,955	$	45	$	34,554	$	308
Federal agencies		169,115		5,884		105,737		4,242		274,852		10,126
Mortgage-backed - Government-sponsored entity (GSE)		798		7		—		—		798		7
Mortgage-backed - Non-GSE multi-family		—		352		—		—		—		352
	$	202,512	$	6,506	$	107,692	$	4,287	$	310,204	$	10,793

	December 31, 2021
					12 Months or
	Less than 12 Months				Longer				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
	(In thousands)
Available for sale securities:
Treasury notes	$	7,957	$	27	$	—	$	—	$	7,957	$	27
Federal agencies		238,489		1,503		24,806		172		263,295		1,675
Mortgage-backed - Government-sponsored entity (GSE)		719		336		—		—		719		336
	$	247,165	$	1,866	$	24,806	$	172	$	271,971	$	2,038