Securities Available for Sale (Tables)

3 Months Ended

Mar. 31, 2022

Investments Debt And Equity Securities [Abstract]

Schedule of Amortized Cost and Fair Value of Securities

The amortized cost and fair value of securities available for sale, including gross unrealized gains and losses, are as follows:

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
	(In thousands)
March 31, 2022
Debt securities:
U.S. Treasury	$	12,732	$	—	$	(687	)	$	12,045
U.S. Government-sponsored enterprises		1,996		—		(59	)		1,937
Corporate		2,501		—		(80	)		2,421
Municipal		350		1		—			351
Residential mortgage-backed securities:
U.S. Government-sponsored enterprises		21,447		60		(1,031	)		20,476
Commercial mortgage-backed securities:
U.S. Government-sponsored enterprises		8,701		—		(211	)		8,490
Collateralized mortgage obligations:
U.S. Government-sponsored enterprises		749		—		(22	)		727
U.S. Government-guaranteed		2,474		—		(85	)		2,389
Total securities available for sale	$	50,950	$	61	$	(2,175	)	$	48,836
December 31, 2021
Debt securities:
U.S. Treasury	$	10,939	$	—	$	(168	)	$	10,771
U.S. Government-sponsored enterprises		1,995		—		(17	)		1,978
Corporate		2,510		33		(7	)		2,536
Municipal		351		2		—			353
Residential mortgage-backed securities:
U.S. Government-sponsored enterprises		23,349		324		(194	)		23,479
Commercial mortgage-backed securities:
U.S. Government-sponsored enterprises		8,733		223		—			8,956
U.S. Government-guaranteed		103		—		—			103
Collateralized mortgage obligations:
U.S. Government-sponsored enterprises		796		14		—			810
U.S. Government-guaranteed		2,641		39		—			2,680
Total securities available for sale	$	51,417	$	635	$	(386	)	$	51,666

Investments Classified by Contractual Maturity Date

The amortized cost and fair value of debt securities by contractual maturity at March 31, 2022 are presented below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.

	Amortized		Fair
	Cost		Value
	(In thousands)
Within 1 year	$	2,511	$	2,504
After 1 year through 5 years		9,344		8,928
After 5 years through 10 years		5,724		5,322
		17,579		16,754
Mortgage-backed securities		33,371		32,082
	$	50,950	$	48,836

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value

Information pertaining to securities with gross unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows:

	Less Than Twelve Months					Over Twelve Months
	Gross					Gross
	Unrealized			Fair		Unrealized		Fair
	Losses			Value		Losses		Value
March 31, 2022	(In thousands)
Debt securities:
U.S. Treasury	$	(687	)	$	10,248	$	—	$	—
U.S. Government-sponsored enterprises		(59	)		1,937		—		—
Corporate		(80	)		2,420		—		—
Residential mortgage-backed securities
U.S. Government-sponsored enterprises		(1,031	)		16,288		—		—
Commercial mortgage-backed securities
U.S. Government-sponsored enterprises		(211	)		8,490		—		—
Collateralized mortgage obligations
U.S. Government-sponsored enterprises		(22	)		727		—		—
U.S. Government-guaranteed		(85	)		2,389		—		—
Total debt securities	$	(2,175	)	$	42,499	$	—	$	—
December 31, 2021
U.S. Treasury		(168	)		10,771	$	—	$	—
U.S. Government-sponsored enterprises		(17	)		1,978		—		—
Corporate		(7	)		723		—		—
Residential mortgage-backed securities
U.S. Government-sponsored enterprises		(194	)		11,477		—		—
Total debt securities	$	(386	)	$	24,949	$	—	$	—