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Investment Securities (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2022
Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]    
Summary of Amortized Cost, Gross Unrealized Gains and Losses, and Fair Value of Investment Securities Available for Sale
The amortized cost, gross unrealized gains and losses, and fair value of investment securities available for sale are summarized as follows:
 
    
June 30, 2022

  
(In Thousands)
   
Amortized
Cost
     
Gross
Unrealized
Gains
     
Gross
Unrealized
Losses
     
Fair
Value
  
Available for Sale:
                                    
Small Business Administration loan pools
  
$
 706
 
  
$
 —
  
 
  
$
 (13
) 
  
$
 693
 
Obligations of state and political subdivisions
  
 
 44,389
 
  
 
 50
 
  
 
 (3,446
)
  
 
 40,993
 
Mortgage-backed securities in government-sponsored entities
  
 
 46,847
 
  
 
 3
 
  
 
 (2,780
)
  
 
 44,070
 
    
 
 
     
 
 
     
 
 
     
 
 
  
 
  
$
91,942
 
  
$
53
 
  
$
(6,239
)
  
$
85,756
 
    
 
 
     
 
 
     
 
 
     
 
 
  
Held to Maturity:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Corporate debentures
  
$
9,993
 
  
$
—
  
 
  
$
(241
) 
  
$
9,752
 
Structured mortgage-backed securities
 
 
18,823
 
 
 
—
 
 
 
(285
)
 
 
 
18,538
 

 
$
28,816
 
 
$
—
 
 
$
(526
)
 
$
28,290
 
    
 
 
     
 
 
     
 
 
     
 
 
  
   
    
December 31, 2021
  
(In Thousands)
   
Amortized
Cost
     
Gross
Unrealized
Gains
     
Gross
Unrealized
Losses
     
Fair
Value
  
Available for Sale:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Small Business Administration loan pools
  
$
 1,099
 
  
$
 —
  
 
  
$
 (15
) 
  
$
 1,084
 
Obligations of state and political subdivisions
  
 
 46,115
 
  
 
 2,405
 
  
 
 (38
) 
  
 
 48,482
 
Mortgage-backed securities in government-sponsored entities
  
 
 54,239
 
  
 
 382
 
  
 
 (404
) 
  
 
 54,217
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
  
$
101,453
 
  
$
2,787
 
  
$
(457
) 
  
$
103,783
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    
 
 
     
 
 
     
 
 
     
 
 
  
The amortized cost, gross unrealized gains and losses, and fair value of investment securities available for sale are summarized as follows:
 
    
December 31, 2021
  
(In Thousands)
   
Amortized
Cost
     
Gross
Unrealized
Gains
     
Gross
Unrealized
Losses
     
Fair
Value
  
Available for Sale:
                                    
Small Business Administration loan pools
    $ 1,099      $ —        $ (15 )     $ 1,084  
Obligations of state and political subdivisions
      46,115        2,405        (38 )       48,482  
Mortgage-backed securities in government-sponsored entities
      54,239        382        (404 )       54,217  
    
 
 
     
 
 
     
 
 
     
 
 
  
Total
available-for-sale
securities
   
$
101,453
 
   
$
2,787
 
   
$
(457
) 
   
$
103,783
 
    
 
 
     
 
 
     
 
 
     
 
 
  
 
    
December 31, 2020
  
(In Thousands)
   
Amortized
Cost
     
Gross
Unrealized
Gains
     
Gross
Unrealized
Losses
     
Fair
Value
  
Available for Sale:
                                    
Small Business Administration loan pools
    $ 7,835      $ 198      $ (39 )     $ 7,994  
Obligations of state and political subdivisions
      49,167        2,895        (3 )       52,059  
Mortgage-backed securities in government-sponsored entities
      64,406        1,068        (80 )       65,394  
    
 
 
     
 
 
     
 
 
     
 
 
  
Total
available-for-sale
securities
   
$
121,408
 
   
$
4,161
 
   
$
(122
) 
   
$
125,447
 
    
 
 
     
 
 
     
 
 
     
 
 
  
Summary of Gross Unrealized Losses and Fair Value
The following tables show the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time the individual debt securities have been in a continuous unrealized loss position.
 
 
  
June 30, 2022
 
 
  
Less Than Twelve
Months
 
 
Twelve Months or
Greater
 
 
Total
 
(In Thousands)
  
Fair
Value
 
  
Gross
Unrealized
Loss
 
 
Fair
Value
 
  
Gross
Unrealized
Loss
 
 
Fair
Value
 
  
Gross
Unrealized
Loss
 
Available for Sale:
                                                    
Small Business Administration loan pools
    $ —        $ —       $ 693      $ (13 )    $ 693      $ (13 ) 
Obligations of state and political subdivisions
      35,196        (3,326 )     313        (120 )      35,509        (3,446 ) 
Mortgage-backed securities in government-sponsored entities
      32,614        (1,808 )     10,603        (972 )      43,217        (2,780 ) 
    
 
 
     
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
    
$
67,810
 
   
$
(5,134
 )  
$
11,609
 
   
$
(1,105
 )  
$
79,419
 
   
$
(6,239
) 
    
 
 
     
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
Held to Maturity:

                                                    
Corporate debentures
   
$
9,752
 
   
$
(241
) 
  
$
—  
 
   
$
—  
 
  
$
9,752
 
   
$
(241
) 
Structured mortgage-backed securities
 
 
18,538
 
 
 
(285
)
 
 
—
 
 
 
—
 
 
 
18,538
 
 
 
(285
)
 
 
$
28,290
 
 
$
(526
)
 
 
 
$
—
 
 
$
—
 
 
 
$
28,290
 
 
$
(526
)
 
    
 
 
     
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
 
 
  
December 31, 2021
 
 
  
Less Than Twelve
Months
 
 
Twelve Months or
Greater
 
 
Total
 
(In Thousands)
  
Fair
Value
 
  
Gross
Unrealized
Loss
 
 
Fair
Value
 
  
Gross
Unrealized
Loss
 
 
Fair
Value
 
  
Gross
Unrealized
Loss
 
Available for Sale:
                                                    
Small Business Administration loan pools
    $ —        $ —       $ 1,084      $ (15 )    $ 1,084      $ (15 ) 
Obligations of state and political subdivisions
      3,189        (38 )      —          —         3,189        (38 ) 
Mortgage-backed securities in government-sponsored entities
      23,420        (266 )      4,687        (102 )      28,107        (368 ) 
    
 
 
     
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
    
$
26,609
 
   
$
(304
) 
  
$
5,771
 
   
$
(117
) 
  
$
32,380
 
   
$
(421
) 
    
 
 
     
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
The following tables show the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time the individual debt securities have been in a continuous unrealized loss position.
 
    
December 31, 2021
  
    
Less Than Twelve Months
    
Twelve Months or Greater
    
Total
  
(In Thousands)
   
Fair Value
     
Gross

Unrealized

Loss
    
Fair
Value
     
Gross

Unrealized

Loss
    
Fair

Value
     
Gross

Unrealized

Loss
  
Available for Sale:
                                                    
Small Business Administration loan pools
    $ —        $ —       $ 1,084      $ (15 )    $ 1,084      $ (15 ) 
Obligations of state and political subdivisions
      3,189        (38 )      —          —         3,189        (38 ) 
Mortgage-backed securities in government-sponsored entities
      23,420        (266 )      4,687        (102 )      28,107        (368 ) 
    
 
 
     
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
Total
available-for-sale
securities
   
$
26,609
 
   
$
(304
) 
  
$
5,771
 
   
$
(117
) 
  
$
32,380
 
   
$
(421
) 
    
 
 
     
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
   
    
December 31, 2020
  
    
Less Than Twelve Months
    
Twelve Months or Greater
    
Total
  
(In Thousands)
   
Fair Value
     
Gross

Unrealized

Loss
    
Fair

Value
     
Gross

Unrealized

Loss
    
Fair

Value
     
Gross

Unrealized

Loss
  
Available for Sale:
                                                    
Small Business Administration loan pools
    $ 2,059      $ (9 )    $ 1,539      $ (30 )    $ 3,598      $ (39 ) 
Obligations of state and political subdivisions
      557        (3 )      —          —         557        (3 ) 
Mortgage-backed securities in government-sponsored entities
      12,245        (80 )      —          —         12,245        (80 ) 
Total
available-for-sale
securities
   
$
14,861
 
   
$
(92
) 
  
$
1,539
 
   
$
(30
) 
  
$
16,400
 
   
$
(122
) 
    
 
 
     
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
Summary of Amortized Cost and Fair Value by Contractual Maturity
As of June 30, 2022, amortized cost and fair value by contractual maturity, where applicable, are shown below. Actual maturities may differ from contractual maturities because the borrower may have the right to prepay obligations with or without penalty.
 
 
  
Available for Sale
Securities
 
  
Held to Maturity

Securities
 
(In Thousands)
  
Amortized
Cost
 
  
Fair
Value
 
  
Amortized
Cost
 
  
Fair
Value
 
Due within one year
    $ 95      $ 95      $ —        $ —    
Due after one year through five years
      5,554        5,535       
3,000

       
2,965

  
Due after five years through ten years
      11,983        11,532        6,993        6,787  
Due after ten years
      29,872        26,757        —          —    
Mortgage-backed securities and Collateralized Mortgage Obligations
      44,438        41,837       
18,823

       
18,538

  
    
 
 
     
 
 
     
 
 
     
 
 
  
    
$
91,942
 
   
$
85,756
 
   
$
28,816
 
   
$
28,290
 
    
 
 
     
 
 
     
 
 
     
 
 
  
Amortized cost and fair value by contractual maturity, where applicable, are shown below. Actual maturities may differ from contractual maturities because the borrower may have the right to prepay obligations with or without penalty.
 
    
December 31, 2021
  
(In Thousands)
   
Amortized

Cost
     
Fair
Value
  
Available for Sale:
                  
Due within one year
    $ 1,195      $ 1,200  
Due after one year through five years
      5,442        5,593  
Due after five years through ten years
      12,006        12,400  
Due after ten years
      28,571        30,373  
Mortgage-backed securities and Collateralized Mortgage Obligations
      54,239        54,217  
    
 
 
     
 
 
  
    
$
101,453
     
$
103,783
  
    
 
 
     
 
 
  
Schedule of Realized Gain (Loss) [Table Text Block]
 
(In Thousands)
  
For the Three Months
Ended June 30,
 
  
For the Six Months
Ended June 30,
 
 
  
2022
 
  
2022
 
Proceeds
    $ —  
 
$
513
 
Gross gains
      —  
 
 
13
 
Gross losses
      —   
 
 
—
 
    
 
 
  
 
 
 
 
Net gain
    $ —  
 
$
13
 

 
 
 
 
 
 
 
 
    
 
 
  
 
 
 
 
The following table summarizes sales of debt securities:
 
    
For the Year Ended December 31,
  
(In Thousands)   
2021
     
2020
  
Proceeds
    $ 11,371      $ 5,706  
Gross gains
      127        221  
Gross losses
      (53 )       (111 ) 
    
 
 
     
 
 
  
Net gain
    $ 74      $ 110