Investment Securities (Tables)

3 Months Ended

Mar. 31, 2026

Investment 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:

	March 31, 2026
			Gross		Gross
			Unrealized		Unrealized
	Amortized Cost		Gains		Losses		Fair Value
U.S. Treasury securities	$	35,709	$	55	$	(127)	$	35,637
U.S. government agency mortgage-backed securities–residential		92,116		31		(7,373)		84,774
U.S. government agency securities		18,569		—		(188)		18,381
Municipal securities(1)		2,204		—		(130)		2,074
Corporate bonds		15,400		52		(530)		14,922
Other		587		—		(215)		372
Total	$	164,585	$	138	$	(8,563)	$	156,160

	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

⁽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:

	March 31, 2026
	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	$	30,616	$	(127)	$	—	$	—	$	30,616	$	(127)
U.S. government agency mortgage-backed securities-residential		25,103		(218)		55,540		(7,155)		80,643		(7,373)
U.S. government agency securities		6,563		(5)		11,817		(183)		18,380		(188)
Municipal securities		520		(10)		1,470		(120)		1,990		(130)
Corporate bonds		1,992		(8)		9,882		(522)		11,874		(530)
Other		—		—		352		(215)		352		(215)
Total	$	64,794	$	(368)	$	79,061	$	(8,195)	$	143,855	$	(8,563)

	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)

Schedule of maturities of debt securities

The amortized cost and fair value of available for sale debt securities at March 31, 2026 and December 31, 2025, 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:

	March 31, 2026				December 31, 2025
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Maturity:
Within 1 year	$	16,976	$	16,913	$	13,939	$	13,850
After 1 but within 5 years		42,023		41,722		45,425		45,358
After 5 but within 10 years		12,883		12,379		14,383		13,643
After 10 years		—		—		—		—
Total Maturities		71,882		71,014		73,747		72,851
Mortgage-backed securities		92,116		84,774		95,787		88,980
Other		587		372		587		372
Total	$	164,585	$	156,160	$	170,121	$	162,203