Securities Available-for-Sale

6 Months Ended

Jun. 30, 2022

Securities Available-for-Sale

Securities Available-for-Sale

Note 4 — Securities Available-for-Sale

The following table summarizes the Company’s portfolio of securities available-for-sale at June 30, 2022 and December 31, 2021.

	June 30, 2022
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
	(In Thousands)
Mortgage-backed securities – residential:
Federal Home Loan Mortgage Corporation	$	1	$	—	$	—	$	1
	$	1	$	—	$	—	$	1

	December 31, 2021
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
	(In Thousands)
Mortgage-backed securities – residential:
Federal Home Loan Mortgage Corporation	$	1	$	—	$	—	$	1
	$	1	$	—	$	—	$	1

There were no sales of securities available-for-sale as of June 30, 2022 and December 31, 2021.

Contractual final maturities of mortgage-backed securities were as follows:

	June 30, 2022
	Amortized Cost		Fair Value
	(In Thousands)
Due after one year but within five years	$	1	$	1
	$	1	$	1

The maturities shown above are based upon contractual final maturity. Actual maturities will differ from contractual maturities due to scheduled monthly repayments and due to the underlying borrowers having the right to prepay their obligations. At June 30, 2022 and December 31, 2021, the Company had no unrealized loss.