Securities Held-to-Maturity (Tables)

9 Months Ended

Sep. 30, 2022

Securities Held-to-Maturity

Summary of securities held-to-maturity portfolio

	September 30, 2022
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
	(In Thousands)
Mortgage-backed securities – residential:
Government National Mortgage Association	$	544	$		$	13	$	531
Federal Home Loan Mortgage Corporation		985		—		140		845
Federal National Mortgage Association		2,389		—		275		2,114
Collateralized mortgage obligations – GSE		3,083		—		480		2,603
Total mortgage-backed securities		7,001		—		908		6,093
Municipal Bonds		9,709		—		2,787		6,922
U.S. Treasury securities		10,022		—		137		9,885
	$	26,732	$	—	$	3,832	$	22,900

	December 31, 2021
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
	(In Thousands)
Mortgage-backed securities – residential:
Government National Mortgage Association	$	656	$	19	$	—	$	675
Federal Home Loan Mortgage Corporation		1,059		—		5		1,054
Federal National Mortgage Association		2,695		23		6		2,712
Collateralized mortgage obligations – GSE		3,453		18		49		3,422
Total mortgage-backed securities		7,863		60		60		7,863
Municipal Bonds		10,017		7		267		9,757
	$	17,880	$	67	$	327	$	17,620

Schedule of contractual final maturities

	September 30, 2022
	Amortized		Fair
	Cost		Value
	(In Thousands)
Due within one year	$	10,389	$	10,292
Due after one but within five years		1,774		1,983
Due after five but within ten years		2,585		2,346
Due after ten years		11,984		8,279
	$	26,732	$	22,900

Schedule of unrealized losses and the fair value

	Less than 12 Months				12 Months or More				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
	(In Thousands)
September 30, 2022:
Mortgage-backed securities - residential:
Government National Mortgage Association	$	531	$	13	$	—	$	—	$	531	$	13
Federal Home Loan Mortgage Corporation		809		139		36		1		845		140
Federal National Mortgage Association		2,114		275		—		—		2,114		275
Collateralized mortgage obligations – GSE		2,603		480		—		—		2,603		480
Total mortgage-backed securities		6,057		907		36		1		6,093		908
Municipal Bonds		6,922		2,787		—		—		6,922		2,787
U.S. Treasury securities		9,885		137		—		—		9,885		137
	$	22,864	$	3,831	$	36	$	1	$	22,900	$	3,832

	Less than 12 Months				12 Months or More				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
	(In Thousands)
December 31, 2021:
Municipal Bonds	$	9,134	$	267	$	—	$	—	$	9,134	$	267
Mortgage-backed securities - residential:
Federal Home Loan Mortgage Corporation	$	1,004	$	5	$	—	$	—	$	1,004	$	5
Federal National Mortgage Association		2,035		6		—		—		2,035		6
Collateralized mortgage obligations – GSE		907		49		—		—		907		49
Total mortgage-backed securities		3,946		60		—		—		3,946		60
	$	13,080	$	327	$	—	$	—	$	13,080	$	327