Investment Securities (Tables)

6 Months Ended

Jun. 30, 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:

	June 30, 2026
			Gross		Gross
			Unrealized		Unrealized
	Amortized Cost		Gains		Losses		Fair Value
U.S. Treasury securities	$	54,313	$	22	$	(289)	$	54,046
U.S. government agency mortgage-backed securities–residential		90,434		38		(7,594)		82,878
U.S. government agency securities		16,597		—		(184)		16,413
Municipal securities(1)		2,204		—		(123)		2,081
Corporate bonds		16,149		52		(421)		15,780
Other		329		—		(159)		170
Total	$	180,026	$	112	$	(8,770)	$	171,368

	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:

	June 30, 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	$	42,398	$	(289)	$	—	$	—	$	42,398	$	(289)
U.S. government agency mortgage-backed securities-residential		24,710		(398)		52,983		(7,196)		77,693		(7,594)
U.S. government agency securities		6,580		(16)		9,832		(168)		16,412		(184)
Municipal securities		522		(8)		1,474		(115)		1,996		(123)
Corporate bonds		3,222		(28)		9,282		(393)		12,504		(421)
Other						153		(159)		153		(159)
Total	$	77,432	$	(739)	$	73,724	$	(8,031)	$	151,156	$	(8,770)

	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 June 30, 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:

	June 30, 2026				December 31, 2025
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Maturity:
Within 1 year	$	18,875	$	18,814	$	13,939	$	13,850
After 1 but within 5 years		57,455		56,929		45,425		45,358
After 5 but within 10 years		12,933		12,577		14,383		13,643
After 10 years		—		—		—		—
Total Maturities		89,263		88,320		73,747		72,851
Mortgage-backed securities		90,434		82,878		95,787		88,980
Other		329		170		587		372
Total	$	180,026	$	171,368	$	170,121	$	162,203