Fair Value Disclosures (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures

Assets carried at fair value on a recurring basis

	Quoted Prices in				Significant Other				Significant				Total Carried
	Active Markets for				Observable				Unobservable				at Fair
	Identical Assets				Inputs				Inputs				Value on a
	(Level 1)				(Level 2)				(Level 3)				Recurring Basis
	September 30,		December 31,		September 30,		December 31,		September 30,		December 31,		September 30,		December 31,
Description	2022		2021		2022		2021		2022		2021		2022		2021
Assets:
Marketable equity securities:
Mutual funds	$	18,307	$	19,943	$	—	$	—	$	—	$	—	$	18,307	$	19,943
Mortgage-backed securities
FHLMC		—		—		1		1		—		—		1		1
Total assets	$	18,307	$	19,943	$	1	$	1	$	—	$	—	$	18,308	$	19,944

Assets carried at fair value on a non-recurring basis

	Quoted Prices in				Significant Other				Significant				Total Carried
	Active Markets for				Observable				Unobservable				at Fair
	Identical Assets				Inputs				Inputs				Value on a
	(Level 1)				(Level 2)				(Level 3)				Non-Recurring Basis
	September 30,		December 31,		September 30,		December 31,		September 30,		December 31,		September 30,		December 31,
Description	2022		2021		2022		2021		2022		2021		2022		2021
	(In Thousands)
Assets:
Real estate owned		—		—		—		—		1,807		—		1,807		—
Total assets	$	—	$	—	$	—	$	—	$	1,807	$	—	$	1,807	$	—

Schedule of qualitative information about non-recurring Level 3 fair value measurements of financial instruments

	At September 30, 2022
	Fair		Valuation	Unobservable			Weighted
	Value		Technique	Input	Range		Average
	(In Thousands)
Assets:
Real estate owned		1,807	Income approach	Capitalization rate	11.00	%	11.00	%

Schedule of carrying amounts and estimated fair value of our financial instruments

					Fair Value at September 30, 2022
					Quoted
					Prices in
					Active		Significant
					Markets for		Other		Significant
					Identical		Observable		Unobservable
	Carrying				Assets		Inputs		Inputs
(In thousands)	Amount		Fair Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets
Cash and cash equivalents	$	54,932	$	54,932	$	54,932	$	—	$	—
Certificates of deposit		100		100		—		100		—
Marketable equity securities		18,307		18,307		18,307		—		—
Securities available for sale		1		1		—		1		—
Securities held to maturity		26,732		22,900		—		22,900		—
Loans receivable, net		1,112,507		1,097,136		—		—		1,097,136
Investments in restricted stock		1,238		1,238		—		1,238		—
Accrued interest receivable		6,635		6,635		—		6,635		—
Financial Liabilities
Deposits		987,624		986,647		—		986,647		—
FHLB of New York advances		21,000		19,540		—		19,540		—

					Fair Value at December 31, 2021
					Quoted
					Prices in
					Active		Significant
					Markets for		Other		Significant
					Identical		Observable		Unobservable
	Carrying				Assets		Inputs		Inputs
(In thousands)	Amount		Fair Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets
Cash and cash equivalents	$	152,269	$	152,269	$	152,269	$	—	$	—
Certificates of deposit		100		100		—		100		—
Marketable equity securities		19,943		19,943		19,943		—		—
Securities available for sale		1		1		—		1		—
Securities held to maturity		17,880		17,620		—		17,620		—
Loans receivable, net		968,093		968,247		—		—		968,247
Investments in restricted stock		1,569		1,569		—		1,569		—
Accrued interest receivable		4,283		4,283		—		4,283		—
Financial Liabilities
Deposits		927,164		929,003		—		929,003		—
FHLB of New York advances		28,000		28,283		—		28,283		—