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Available for Sale Securities (Tables)
12 Months Ended
Dec. 31, 2021
Available for Sale Securities  
Schedule of amortized cost, gross unrealized gains and losses and fair values of available for sale securities

December 31, 2021

Gross

Gross

Unrealized

Unrealized

    

Amortized Cost

    

Gains

    

Losses

    

Fair Value

U.S. Treasury securities

$

60,273

$

2

$

(450)

$

59,825

U.S. government agency mortgage-backed securities–residential

179,493

344

(3,346)

176,491

U.S. government agency securities

 

24,800

 

53

 

(131)

 

24,722

Municipal securities(1)

 

6,858

 

33

 

(40)

 

6,851

Corporate bonds

 

11,700

 

117

 

(65)

 

11,752

Other

 

620

 

22

 

 

642

Total

$

283,744

$

571

$

(4,032)

$

280,283

    

December 31, 2020

Gross

Gross

Unrealized

Unrealized

    

Amortized Cost

    

Gains

    

Losses

    

Fair Value

U.S. government agency mortgage-backed securities–residential

$

88,197

$

1,350

$

(277)

$

89,270

U.S. government agency securities

7,013

 

148

 

 

7,161

Municipal securities(1)

 

1,445

 

31

 

 

1,476

Corporate bonds

4,400

 

49

 

(3)

 

4,446

Other

621

 

 

(41)

 

580

Total

$

101,676

$

1,578

$

(321)

$

102,933

(1)    The issuers of municipal securities are all within New York State.

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

December 31, 2021

Less Than 12 Months

12 Months or Longer

Total

Unrealized

Unrealized

Unrealized

    

Fair Value

    

Losses

    

Fair Value

    

Losses

    

Fair Value

    

Losses

U.S. Treasury securities

$

49,007

$

(268)

$

5,797

$

(182)

$

54,804

$

(450)

U.S. government agency mortgage-backed securities-residential

139,019

(3,035)

11,002

(311)

150,021

(3,346)

U.S. government agency securities

14,625

(131)

14,625

(131)

Municipal Securities

2,469

(40)

2,469

(40)

Corporate Bonds

5,885

(65)

5,885

(65)

Total

$

211,005

$

(3,539)

$

16,799

$

(493)

$

227,804

$

(4,032)

    

December 31, 2020

Less Than 12 Months

12 Months or Longer

Total

Unrealized

Unrealized

Unrealized

    

Fair Value

    

Losses

    

Fair Value

    

Losses

    

Fair Value

    

Losses

U.S. government agency mortgage-backed securities-residential

$

30,243

$

(269)

$

293

$

(8)

$

30,536

$

(277)

Corporate Bonds

747

(3)

747

(3)

Other

522

(41)

522

(41)

Total

$

31,512

$

(313)

$

293

$

(8)

$

31,805

$

(321)

Schedule of maturities of debt securities

December 31, 2021

December 31, 2020

    

Amortized Cost

    

Fair Value

    

Amortized Cost

    

Fair Value

Maturity:

Within 1 year

$

12,729

$

12,726

$

102

$

102

After 1 but within 5 years

 

67,912

 

67,463

 

2,155

 

2,155

After 5 but within 10 years

 

22,595

 

22,567

 

9,946

 

10,162

After 10 years

 

395

 

394

 

655

 

664

Total Maturities

 

103,631

 

103,150

 

12,858

 

13,083

Mortgage-backed securities

 

179,493

 

176,491

 

88,197

 

89,270

Other

 

620

 

642

 

621

 

580

Total

$

283,744

$

280,283

$

101,676

$

102,933