Investment Securities (Tables)

3 Months Ended

Mar. 31, 2022

Investment Securities

Schedule of amortized cost, gross unrealized gains and losses and fair values of available for sale securities

	March 31, 2022
			Gross		Gross
			Unrealized		Unrealized
	Amortized Cost		Gains		Losses		Fair Value
U.S. Treasury securities	$	55,233	$	—	$	(1,765)	$	53,468
U.S. government agency mortgage-backed securities–residential		194,158		4		(13,953)		180,209
U.S. government agency securities		24,794		—		(1,121)		23,673
Municipal securities(1)		6,842		4		(194)		6,652
Corporate bonds		12,700		37		(342)		12,395
Other		618		22		—		640
Total	$	294,345	$	67	$	(17,375)	$	277,037

	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

⁽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

	March 31, 2022
	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	$	44,138	$	(1,001)	$	9,330	$	(764)	$	53,468	$	(1,765)
U.S. government agency mortgage-backed securities-residential		151,239		(11,075)		28,282		(2,878)		179,521		(13,953)
U.S. government agency securities		22,744		(1,051)		929		(70)		23,673		(1,121)
Municipal securities		3,380		(104)		1,491		(90)		4,871		(194)
Corporate bonds		8,216		(335)		393		(7)		8,609		(342)
Total	$	229,717	$	(13,566)	$	40,425	$	(3,809)	$	270,142	$	(17,375)

	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)

Schedule of maturities of debt securities

	March 31, 2022				December 31, 2021
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Maturity:
Within 1 year	$	17,681	$	17,561	$	12,729	$	12,726
After 1 but within 5 years		59,926		57,383		67,912		67,463
After 5 but within 10 years		21,817		21,099		22,595		22,567
After 10 years		145		145		395		394
Total Maturities		99,569		96,188		103,631		103,150
Mortgage-backed securities		194,158		180,209		179,493		176,491
Other		618		640		620		642
Total	$	294,345	$	277,037	$	283,744	$	280,283