Securities (Tables)

6 Months Ended

Jun. 30, 2025

Securities

Schedule of amortized cost and fair values of securities, with gross unrealized gains and losses

	Amortized		Unrealized		Unrealized		Allowance for		Fair
	Cost		Gains		Losses		Credit Losses		Value
	(In thousands)
Available-for-sale securities:
June 30, 2025 (Unaudited):
U.S. Treasury securities	$	18,762	$	—	$	(80)	$	—	$	18,682
U.S. Government Agency securities		1,000		—		(131)		—		869
Municipal securities		17,086		—		(2,757)		(498)		13,831
Mortgage-backed securities and collateralized mortgage obligations		6,543		—		(1,005)		—		5,538
Corporate securities		9,931		8		(262)		—		9,677
	$	53,322	$	8	$	(4,235)	$	(498)	$	48,597
December 31, 2024:
U.S. Treasury securities	$	15,923	$	4	$	(116)	$	—	$	15,811
U.S. Government Agency securities		1,000		—		(162)		—		838
Municipal securities		17,151		—		(2,372)		(498)		14,281
Mortgage-backed securities and collateralized mortgage obligations		6,862		—		(1,107)		—		5,755
Corporate securities		10,152		8		(361)		—		9,799
	$	51,088	$	12	$	(4,118)	$	(498)	$	46,484

Schedule of amortized cost and fair value of debt securities based on the contractual maturity

	June 30, 2025				December 31, 2024
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
	(Unaudited)
Due in one year or less	$	18,842	$	18,229	$	14,225	$	13,723
Due after one year through five years		14,439		13,682		15,878		15,107
Due after five years through ten years		9,241		7,973		9,840		8,566
Due after ten years		4,257		3,175		4,283		3,333
Mortgage-backed securities and collateralized mortgage obligations		6,543		5,538		6,862		5,755
	$	53,322	$	48,597	$	51,088	$	46,484

Schedule of securities with gross unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position

	Less than Twelve Months				Twelve Months and Greater
	Gross				Gross
	Unrealized		Fair		Unrealized		Fair
	Losses		Value		Losses		Value
	(In thousands)
June 30, 2025 (Unaudited):
U.S. Treasury securities	$	(10)	$	15,758	$	(70)		2,925
U.S. Government Agency securities		—		—		(131)		869
Municipal securities		(19)		1,119		(2,738)		11,313
Mortgage-backed securities and collateralized mortgage obligations		—		—		(1,005)		5,537
Corporate securities		—		—		(262)		8,274
	$	(29)	$	16,877	$	(4,206)	$	28,918
December 31, 2024:
U.S. Treasury securities	$	—	$	—	$	(116)	$	2,874
U.S. Government Agency securities		—		—		(162)		839
Municipal securities		(24)		1,114		(2,348)		11,769
Mortgage-backed securities and collateralized mortgage obligations		—		—		(1,107)		5,755
Corporate securities		(4)		896		(357)		8,402
	$	(28)	$	2,010	$	(4,090)	$	29,639

Schedule of allowance for credit losses on available-for-sale debt securities

	Municipal Securities
	(In thousands)
June 30, 2025 (Unaudited):
Balance, beginning of period	$	498
Provision for credit losses, not previously recorded		—
Balance, end of period	$	498
June 30, 2024:
Balance, beginning of period	$	—
Provision for credit losses, not previously recorded		498
Balance, end of period	$	498