XML 43 R28.htm IDEA: XBRL DOCUMENT
v3.25.2

Securities (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Securities |
Schedule of portfolio of securities | The following tables summarize the Company’s portfolio of securities held-to-maturity at: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Allowance | ​ | Net | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | Amortized | ​ | for | ​ | Carrying | ​ | Unrecognized | ​ | Unrecognized | ​ | ​ | ​
June 30, 2025 |  | Cost |  | Credit Losses |  | Amount |  | Gains |  | Losses |  | Fair Value
​ | ​ | (In thousands)
Municipals | ​ | $ | 43,360 | ​ | $ | (355) | ​ | $ | 43,005 | ​ | $ | — | ​ | $ | (5,065) | ​ | $ | 37,940
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
FNMA | ​ |  | 7,826 | ​ |  | — | ​ |  | 7,826 | ​ |  | — | ​ |  | (680) | ​ |  | 7,146
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total | ​ | $ | 51,186 | ​ | $ | (355) | ​ | $ | 50,831 | ​ | $ | — | ​ | $ | (5,745) | ​ | $ | 45,086
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Allowance | ​ | Net | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | Amortized | ​ | for | ​ | Carrying | ​ | Unrecognized | ​ | Unrecognized | ​ | ​ | ​
December 31, 2024 |  | Cost |  | Credit Losses |  | Amount |  | Gains |  | Losses |  | Fair Value
​ | ​ | (In thousands)
Municipals | ​ | $ | 44,002 | ​ | $ | (353) | ​ | $ | 43,649 | ​ | $ | — | ​ | $ | (5,834) | ​ | $ | 37,815
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
FNMA | ​ |  | 7,836 | ​ |  | — | ​ |  | 7,836 | ​ |  | — | ​ |  | (933) | ​ |  | 6,903
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total | ​ | $ | 51,838 | ​ | $ | (353) | ​ | $ | 51,485 | ​ | $ | — | ​ | $ | (6,767) | ​ | $ | 44,718
​ ​ ​ The following tables summarize the Company’s portfolio of securities available for sale on: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Allowance | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | Amortized | ​ | ​ | for | ​ | Unrealized | ​ | Unrealized | ​ | ​ | ​
June 30, 2025 |  | Cost |  | Credit Losses |  | Gains |  | Losses |  | Fair Value
​ | ​ | (In thousands)
U.S. government agencies | ​ | $ | 7,510 | ​ | $ | — | ​ | $ | 40 | ​ | $ | (28) | ​ | $ | 7,522
Municipals | ​ | ​ | 20,627 | ​ | ​ | (3,066) | ​ | ​ | — | ​ | ​ | (683) | ​ | ​ | 16,878
Corporate | ​ | ​ | 145,038 | ​ | ​ | — | ​ | ​ | 1,143 | ​ | ​ | (4,554) | ​ | ​ | 141,627
Mutual funds | ​ |  | 12,291 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 12,291
Collateralized loan obligations | ​ |  | 384,043 | ​ |  | — | ​ |  | 562 | ​ |  | (1,320) | ​ |  | 383,285
Other | ​ |  | 1,428 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 1,428
Total other securities | ​ |  | 570,937 | ​ |  | (3,066) | ​ |  | 1,745 | ​ |  | (6,585) | ​ |  | 563,031
REMIC and CMO | ​ |  | 632,223 | ​ |  | — | ​ |  | 1,748 | ​ |  | (1,013) | ​ |  | 632,958
GNMA | ​ |  | 28,926 | ​ |  | — | ​ |  | 143 | ​ |  | (6) | ​ |  | 29,063
FNMA | ​ |  | 94,083 | ​ |  | — | ​ |  | 1,097 | ​ |  | (13) | ​ |  | 95,167
FHLMC | ​ |  | 70,648 | ​ |  | — | ​ |  | 920 | ​ |  | — | ​ |  | 71,568
Total mortgage-backed securities | ​ |  | 825,880 | ​ |  | — | ​ |  | 3,908 | ​ |  | (1,032) | ​ |  | 828,756
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Securities available for sale | ​ | $ | 1,396,817 | ​ | $ | (3,066) | ​ | $ | 5,653 | ​ | $ | (7,617) | ​ | $ | 1,391,787
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | Amortized | ​ | ​ | ​ | ​ | Unrealized | ​ | Unrealized | ​ | ​ | ​
December 31, 2024 |  | Cost |  | Fair Value |  | Gains | ​ | Losses |  | Fair Value
​ | ​ | (In thousands)
U.S. government agencies | ​ | $ | 8,804 | ​ | $ | — | ​ | $ | 77 | ​ | $ | (33) | ​ | $ | 8,848
Municipals | ​ | ​ | 20,627 | ​ | ​ | (2,627) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 18,000
Corporate | ​ | ​ | 130,882 | ​ | ​ | — | ​ | ​ | 735 | ​ | ​ | (6,368) | ​ | ​ | 125,249
Mutual funds | ​ |  | 11,890 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 11,890
Collateralized loan obligations | ​ |  | 420,260 | ​ |  | — | ​ |  | 1,126 | ​ |  | (569) | ​ |  | 420,817
Other | ​ |  | 1,465 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 1,465
Total other securities | ​ |  | 593,928 | ​ |  | (2,627) | ​ |  | 1,938 | ​ |  | (6,970) | ​ |  | 586,269
REMIC and CMO | ​ |  | 707,540 | ​ |  | — | ​ |  | 1,107 | ​ |  | (1,067) | ​ |  | 707,580
GNMA | ​ |  | 30,099 | ​ |  | — | ​ |  | — | ​ |  | (154) | ​ |  | 29,945
FNMA | ​ |  | 99,183 | ​ |  | — | ​ |  | 11 | ​ |  | (1,048) | ​ |  | 98,146
FHLMC | ​ |  | 76,048 | ​ |  | — | ​ |  | 13 | ​ |  | (96) | ​ |  | 75,965
Total mortgage-backed securities | ​ |  | 912,870 | ​ |  | — | ​ |  | 1,131 | ​ |  | (2,365) | ​ |  | 911,636
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total securities available for sale | ​ | $ | 1,506,798 | ​ | $ | (2,627) | ​ | $ | 3,069 | ​ | $ | (9,335) | ​ | $ | 1,497,905
Schedule of amortized cost and fair value of the Company's securities classified as held-to-maturity and available for sale | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Amortized | ​ | ​ | ​
Securities held-to-maturity: |  | Cost |  | Fair Value
​ |  | (In thousands)
Due after ten years | ​ | $ | 43,360 | ​ | $ | 37,940
Total other securities | ​ | ​ | 43,360 | ​ | ​ | 37,940
Mortgage-backed securities | ​ | ​ | 7,826 | ​ | ​ | 7,146
Total securities held-to-maturity | ​ | $ | 51,186 | ​ | $ | 45,086
​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amortized | ​ | ​ | ​
Securities available for sale: |  | Cost |  | Fair Value
​ | ​ | (In thousands)
Due after one year through five years | ​ | $ | 60,388 | ​ | $ | 58,710
Due after five years through ten years | ​ | ​ | 252,833 | ​ |  | 251,547
Due after ten years | ​ | ​ | 245,425 | ​ | ​ | 240,483
Total other securities | ​ |  | 558,646 | ​ |  | 550,740
Mutual funds | ​ |  | 12,291 | ​ |  | 12,291
Mortgage-backed securities | ​ |  | 825,880 | ​ |  | 828,756
Total securities available for sale | ​ | $ | 1,396,817 | ​ | $ | 1,391,787
Schedule of securities with gross unrealized losses and their fair value | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | At June 30, 2025
​ | ​ | ​ | ​ | Total | ​ | Less than 12 months | ​ | 12 months or more
​ | ​ | ​ | ​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​ | ​ | Unrealized
​ |  | Count |  | Fair Value |  | Losses |  | Fair Value |  | Losses |  | Fair Value |  | Losses
​ | ​ | (Dollars in thousands)
Held-to-maturity securities |  |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
FNMA |  | 1 | ​ |  | 7,146 | ​ |  | (680) | ​ |  | — | ​ |  | — | ​ |  | 7,146 | ​ |  | (680)
Total mortgage-backed securities |  | 1 | ​ |  | 7,146 | ​ |  | (680) | ​ |  | — | ​ |  | — | ​ |  | 7,146 | ​ |  | (680)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total |  | 1 | ​ | $ | 7,146 | ​ | $ | (680) | ​ | $ | — | ​ | $ | — | ​ | $ | 7,146 | ​ | $ | (680)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available for sale securities |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
U.S. government agencies |  | 3 | ​ | $ | 4,497 | ​ | $ | (28) | ​ | $ | 1,364 | ​ | $ | (6) | ​ | $ | 3,133 | ​ | $ | (22)
Corporate |  | 12 | ​ |  | 92,648 | ​ |  | (4,554) | ​ |  | 2,970 | ​ |  | (30) | ​ |  | 89,678 | ​ |  | (4,524)
Collateralized loan obligations |  | 19 | ​ |  | 252,453 | ​ |  | (1,320) | ​ |  | 129,928 | ​ |  | (191) | ​ |  | 122,525 | ​ |  | (1,129)
Total other securities |  | 34 | ​ |  | 349,598 | ​ |  | (5,902) | ​ |  | 134,262 | ​ |  | (227) | ​ |  | 215,336 | ​ |  | (5,675)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
REMIC and CMO |  | 20 | ​ |  | 253,971 | ​ |  | (1,013) | ​ |  | 223,583 | ​ |  | (630) | ​ |  | 30,388 | ​ |  | (383)
GNMA |  | 1 | ​ |  | 1,506 | ​ |  | (6) | ​ |  | — | ​ |  | — | ​ |  | 1,506 | ​ |  | (6)
FNMA |  | 1 | ​ |  | 19,628 | ​ |  | (13) | ​ |  | 19,628 | ​ |  | (13) | ​ |  | — | ​ |  | —
Total mortgage-backed securities |  | 22 | ​ |  | 275,105 | ​ |  | (1,032) | ​ |  | 243,211 | ​ |  | (643) | ​ |  | 31,894 | ​ |  | (389)
Total securities available for sale |  | 56 | ​ | $ | 624,703 | ​ | $ | (6,934) | ​ | $ | 377,473 | ​ | $ | (870) | ​ | $ | 247,230 | ​ | $ | (6,064)
​ ​ ​ ​ ​ ​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | At December 31, 2024
​ | ​ | ​ | ​ | Total | ​ | Less than 12 months | ​ | 12 months or more
​ | ​ | ​ | ​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​ | ​ | Unrealized
​ |  | Count |  | Fair Value |  | Losses |  | Fair Value |  | Losses |  | Fair Value |  | Losses
​ | ​ | (Dollars in thousands)
Held-to-maturity securities |  |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
FNMA |  | 1 | ​ |  | 6,903 | ​ |  | (933) | ​ |  | — | ​ |  | — | ​ |  | 6,903 | ​ |  | (933)
Total mortgage-backed securities |  | 1 | ​ |  | 6,903 | ​ |  | (933) | ​ |  | — | ​ |  | — | ​ |  | 6,903 | ​ |  | (933)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total |  | 1 | ​ | $ | 6,903 | ​ | $ | (933) | ​ | $ | — | ​ | $ | — | ​ | $ | 6,903 | ​ | $ | (933)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available for sale securities |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
U.S. government agencies |  | 2 | ​ | $ | 3,339 | ​ | $ | (33) | ​ | $ | — | ​ | $ | — | ​ | $ | 3,339 | ​ | $ | (33)
Corporate |  | 13 | ​ |  | 95,758 | ​ |  | (6,368) | ​ |  | — | ​ |  | — | ​ |  | 95,758 | ​ |  | (6,368)
Collateralized loan obligations |  | 18 | ​ |  | 201,470 | ​ |  | (569) | ​ |  | 201,470 | ​ |  | (569) | ​ |  | — | ​ |  | —
Total other securities |  | 33 | ​ |  | 300,567 | ​ |  | (6,970) | ​ |  | 201,470 | ​ |  | (569) | ​ |  | 99,097 | ​ |  | (6,401)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
REMIC and CMO |  | 19 | ​ |  | 287,948 | ​ |  | (1,067) | ​ |  | 281,570 | ​ |  | (936) | ​ |  | 6,378 | ​ |  | (131)
GNMA |  | 4 | ​ |  | 29,945 | ​ |  | (154) | ​ |  | 28,443 | ​ |  | (134) | ​ |  | 1,502 | ​ |  | (20)
FNMA |  | 6 | ​ |  | 97,417 | ​ |  | (1,048) | ​ |  | 97,417 | ​ |  | (1,048) | ​ |  | — | ​ |  | —
FHLMC |  | 3 | ​ |  | 56,540 | ​ |  | (96) | ​ |  | 56,540 | ​ |  | (96) | ​ |  | — | ​ |  | —
Total mortgage-backed securities |  | 32 | ​ |  | 471,850 | ​ |  | (2,365) | ​ |  | 463,970 | ​ |  | (2,214) | ​ |  | 7,880 | ​ |  | (151)
Total |  | 65 | ​ | $ | 772,417 | ​ | $ | (9,335) | ​ | $ | 665,440 | ​ | $ | (2,783) | ​ | $ | 106,977 | ​ | $ | (6,552)
Schedule of allowance for credit losses for debt securities available for sale | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | For the three months ended | ​ | For the six months ended
​ | June 30, | ​ | June 30,
​ | 2025 | ​ | 2024 | ​ | 2025 | ​ | 2024
​ | (In thousands)
Beginning balance | $ | 2,627 | ​ | $ | — | ​ | $ | 2,627 | ​ | $ | —
Provision (benefit) | ​ | 439 | ​ | ​ | — | ​ | ​ | 439 | ​ | ​ | —
Allowance for credit losses | $ | 3,066 | ​ | $ | — | ​ | $ | 3,066 | ​ | $ | —
Schedule of allowance for credit losses for debt securities held-to-maturity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | For the three months ended | ​ | For the six months ended
​ | June 30, | ​ | June 30,
​ | 2025 | ​ | 2024 | ​ | 2025 | ​ | 2024
​ | (In thousands)
Beginning balance | $ | 359 | ​ | $ | 1,084 | ​ | $ | 353 | ​ | $ | 1,087
Provision (benefit) |  | (4) | ​ | ​ | 5 | ​ |  | 2 | ​ | ​ | 2
Allowance for credit losses | $ | 355 | ​ | $ | 1,089 | ​ | $ | 355 | ​ | $ | 1,089

X
- Definition Tabular disclosure of allowance for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479106/326-30-50-9 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479081/326-30-55-8 Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-6 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479106/326-30-50-4 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allowance for credit loss on investment in debt security measured at amortized cost (held-to-maturity). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B + Details
Name: | us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration