Available for Sale Securities (Tables)

12 Months Ended

Dec. 31, 2025

Available for Sale Securities

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

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

	December 31, 2025
			Gross		Gross
			Unrealized		Unrealized
	Amortized Cost		Gains		Losses		Fair Value
U.S. Treasury securities	$	35,692	$	147	$	(11)	$	35,828
U.S. government agency mortgage-backed securities–residential		95,787		80		(6,887)		88,980
U.S. government agency securities		18,541		9		(198)		18,352
Municipal securities(1)		2,205		—		(123)		2,082
Corporate bonds		17,309		38		(758)		16,589
Other		587		—		(215)		372
Total	$	170,121	$	274	$	(8,192)	$	162,203

	December 31, 2024
			Gross		Gross
			Unrealized		Unrealized
	Amortized Cost		Gains		Losses		Fair Value
U.S. Treasury securities	$	29,841	$	6	$	(154)	$	29,693
U.S. government agency mortgage-backed securities–residential		103,948		—		(10,456)		93,492
U.S. government agency securities		22,010		—		(844)		21,166
Municipal securities(1)		2,717		—		(224)		2,493
Corporate bonds		14,054		—		(1,471)		12,583
Other		642		—		(122)		520
Total	$	173,212	$	6	$	(13,271)	$	159,947

(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

The following tables present the fair value and unrealized losses of the Company’s available for sale securities with gross unrealized losses aggregated by the length of time the individual securities have been in a continuous unrealized loss position:

	December 31, 2025
	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	$	12,909	$	(11)	$	—	$	—	$	12,909	$	(11)
U.S. government agency mortgage-backed securities-residential		9,846		(24)		64,740		(6,863)		74,586		(6,887)
U.S. government agency securities		—		—		11,803		(198)		11,803		(198)
Municipal securities		—		—		1,997		(123)		1,997		(123)
Corporate bonds		1,235		(14)		12,570		(744)		13,805		(758)
Other		352		(215)		—		—		352		(215)
Total	$	24,342	$	(264)	$	91,110	$	(7,928)	$	115,452	$	(8,192)

	December 31, 2024
	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	$	9,957	$	(22)	$	4,866	$	(132)	$	14,823	$	(154)
U.S. government agency mortgage-backed securities-residential		44,577		(1,074)		48,915		(9,382)		93,492		(10,456)
U.S. government agency securities		—		—		21,166		(844)		21,166		(844)
Municipal securities		—		—		2,493		(224)		2,493		(224)
Corporate bonds		—		—		12,583		(1,471)		12,583		(1,471)
Other		—		—		497		(122)		497		(122)
Total	$	54,534	$	(1,096)	$	90,520	$	(12,175)	$	145,054	$	(13,271)

Schedule of maturities of debt securities

The amortized cost and fair value of available for sale debt securities at December 31, 2025 and 2024, by contractual maturities, are presented below. Actual maturities of mortgage-backed securities may differ from contractual maturities because the mortgages underlying the securities may be called or repaid without any penalties. Because mortgage-backed securities are not due at a single maturity date, they are not included in the maturity categories in the following maturity summary:

	December 31, 2025				December 31, 2024
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Maturity:
Within 1 year	$	13,939	$	13,850	$	34,394	$	34,056
After 1 but within 5 years		45,425		45,358		20,901		20,113
After 5 but within 10 years		14,383		13,643		13,327		11,766
After 10 years		—		—		—		—
Total Maturities		73,747		72,851		68,622		65,935
Mortgage-backed securities		95,787		88,980		103,948		93,492
Other		587		372		642		520
Total	$	170,121	$	162,203	$	173,212	$	159,947