Equity Securities

6 Months Ended

Jun. 30, 2022

Equity Securities

Equity Securities

Note 3 — Equity Securities

The following table is the schedule of equity securities at June 30, 2022 and December 31, 2021. The equity securities consists of our investment in a market-rate bond mutual fund that invests in high quality fixed income bonds, mainly government agency securities whose proceeds are designed to positively impact community development

throughout the United States. The mutual fund focuses exclusively on providing affordable housing for low- and moderate-income borrowers and renters, including those in majority minority census tracts.

	June 30,		December 31,
	2022		2021
	(In Thousands)
Equity Securities, at Fair Value	$	18,879	$	19,943

The following is a summary of unrealized gain or loss recognized in net income on equity securities during the three and six months ended June 30, 2022 and 2021:

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(In Thousands)				(In Thousands)
Net (loss) gain recognized on equity securities during the period	$	(430)	$	93	$	(1,064)	$	(62)
Less: Net losses realized on the sale of equity securities during the period		—		—		—		—
Unrealized net (loss) gain recognized on equity securities held at the reporting date	$	(430)	$	93	$	(1,064)	$	(62)