XML 37 R26.htm IDEA: XBRL DOCUMENT
v3.25.1

Securities (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract] |
Schedule of Amortized Cost and Fair Value of AFS and HTM Securities | The amortized cost, gross unrealized gains and losses and fair value of AFS and HTM securities at March 31, 2025 and December 31, 2024 are summarized as follows:
|  | March 31, 2025
(In thousands) |  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Available-for-Sale Debt Securities |  |  |  |  |  |  |  |
U.S. Treasury securities and obligations of U.S. government agencies |  | $ | 26,631 |  |  | $ | 214 |  |  | $ | (422) |  |  | $ | 26,423 |
Residential mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities |  | 2,119,865 |  |  | 8,158 |  |  | (165,805) |  |  | 1,962,218 |
Commercial mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities |  | 249,246 |  |  | 2,500 |  |  | (8,110) |  |  | 243,636 |
Private mortgage-backed securities and collateralized mortgage obligations |  | 124,038 |  |  | 210 |  |  | (7,041) |  |  | 117,207 |
Collateralized loan obligations |  | 265,450 |  |  | 568 |  |  | (639) |  |  | 265,379 |
Obligations of state and political subdivisions |  | 7,140 |  |  | — |  |  | (1,512) |  |  | 5,628 |
Other debt securities |  | 7,389 |  |  | 79 |  |  | — |  |  | 7,468 |
Totals |  | $ | 2,799,759 |  |  | $ | 11,729 |  |  | $ | (183,529) |  |  | $ | 2,627,959 |
Held-to-Maturity Debt Securities |  |  |  |  |  |  |  |
Residential mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities |  | $ | 536,529 |  |  | $ | — |  |  | $ | (106,635) |  |  | $ | 429,894 |
Commercial mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities |  | 88,121 |  |  | — |  |  | (8,264) |  |  | 79,857 |
Totals |  | $ | 624,650 |  |  | $ | — |  |  | $ | (114,899) |  |  | $ | 509,751 |
|  | December 31, 2024
(In thousands) |  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Available-for-Sale Debt Securities |  |  |  |  |  |  |  |
U.S. Treasury securities and obligations of U.S. government agencies |  | $ | 28,233 |  |  | $ | 29 |  |  | $ | (522) |  |  | $ | 27,740 |
Residential mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities |  | 1,777,274 |  |  | 1,237 |  |  | (190,536) |  |  | 1,587,975 |
Commercial mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities |  | 206,537 |  |  | 1,195 |  |  | (10,283) |  |  | 197,449 |
Private mortgage-backed securities and collateralized mortgage obligations |  | 129,475 |  |  | 149 |  |  | (8,382) |  |  | 121,242 |
Collateralized loan obligations |  | 278,342 |  |  | 788 |  |  | (166) |  |  | 278,964 |
Obligations of state and political subdivisions |  | 7,139 |  |  | — |  |  | (1,449) |  |  | 5,690 |
Other debt securities |  | 7,389 |  |  | 94 |  |  | — |  |  | 7,483 |
Totals |  | $ | 2,434,389 |  |  | $ | 3,492 |  |  | $ | (211,338) |  |  | $ | 2,226,543 |
Held-to-Maturity Debt Securities |  |  |  |  |  |  |  |
Residential mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities |  | $ | 546,444 |  |  | $ | — |  |  | $ | (117,620) |  |  | $ | 428,824 |
Commercial mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities |  | 88,742 |  |  | — |  |  | (9,972) |  |  | 78,770 |
Totals |  | $ | 635,186 |  |  | $ | — |  |  | $ | (127,592) |  |  | $ | 507,594 |
Schedule of Amortized Cost and Fair Value of Held-to-Maturity Securities | The amortized cost, gross unrealized gains and losses and fair value of AFS and HTM securities at March 31, 2025 and December 31, 2024 are summarized as follows:
|  | March 31, 2025
(In thousands) |  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Available-for-Sale Debt Securities |  |  |  |  |  |  |  |
U.S. Treasury securities and obligations of U.S. government agencies |  | $ | 26,631 |  |  | $ | 214 |  |  | $ | (422) |  |  | $ | 26,423 |
Residential mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities |  | 2,119,865 |  |  | 8,158 |  |  | (165,805) |  |  | 1,962,218 |
Commercial mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities |  | 249,246 |  |  | 2,500 |  |  | (8,110) |  |  | 243,636 |
Private mortgage-backed securities and collateralized mortgage obligations |  | 124,038 |  |  | 210 |  |  | (7,041) |  |  | 117,207 |
Collateralized loan obligations |  | 265,450 |  |  | 568 |  |  | (639) |  |  | 265,379 |
Obligations of state and political subdivisions |  | 7,140 |  |  | — |  |  | (1,512) |  |  | 5,628 |
Other debt securities |  | 7,389 |  |  | 79 |  |  | — |  |  | 7,468 |
Totals |  | $ | 2,799,759 |  |  | $ | 11,729 |  |  | $ | (183,529) |  |  | $ | 2,627,959 |
Held-to-Maturity Debt Securities |  |  |  |  |  |  |  |
Residential mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities |  | $ | 536,529 |  |  | $ | — |  |  | $ | (106,635) |  |  | $ | 429,894 |
Commercial mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities |  | 88,121 |  |  | — |  |  | (8,264) |  |  | 79,857 |
Totals |  | $ | 624,650 |  |  | $ | — |  |  | $ | (114,899) |  |  | $ | 509,751 |
|  | December 31, 2024
(In thousands) |  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Available-for-Sale Debt Securities |  |  |  |  |  |  |  |
U.S. Treasury securities and obligations of U.S. government agencies |  | $ | 28,233 |  |  | $ | 29 |  |  | $ | (522) |  |  | $ | 27,740 |
Residential mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities |  | 1,777,274 |  |  | 1,237 |  |  | (190,536) |  |  | 1,587,975 |
Commercial mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities |  | 206,537 |  |  | 1,195 |  |  | (10,283) |  |  | 197,449 |
Private mortgage-backed securities and collateralized mortgage obligations |  | 129,475 |  |  | 149 |  |  | (8,382) |  |  | 121,242 |
Collateralized loan obligations |  | 278,342 |  |  | 788 |  |  | (166) |  |  | 278,964 |
Obligations of state and political subdivisions |  | 7,139 |  |  | — |  |  | (1,449) |  |  | 5,690 |
Other debt securities |  | 7,389 |  |  | 94 |  |  | — |  |  | 7,483 |
Totals |  | $ | 2,434,389 |  |  | $ | 3,492 |  |  | $ | (211,338) |  |  | $ | 2,226,543 |
Held-to-Maturity Debt Securities |  |  |  |  |  |  |  |
Residential mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities |  | $ | 546,444 |  |  | $ | — |  |  | $ | (117,620) |  |  | $ | 428,824 |
Commercial mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities |  | 88,742 |  |  | — |  |  | (9,972) |  |  | 78,770 |
Totals |  | $ | 635,186 |  |  | $ | — |  |  | $ | (127,592) |  |  | $ | 507,594 |
Schedule of Investments Classified by Contractual Maturity | The amortized cost and fair value of securities HTM and AFS as of March 31, 2025, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because prepayments of the underlying collateral for these securities may occur, due to the right to call or repay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.
|  | Held-to-Maturity |  | Available-for-Sale
(In thousands) |  | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Due in less than one year |  | $ | — |  |  | $ | — |  |  | $ | 100 |  |  | $ | 97 |
Due after one year through five years |  | — |  |  | — |  |  | 6,586 |  |  | 6,595 |
Due after five years through ten years |  | — |  |  | — |  |  | 9,697 |  |  | 9,796 |
Due after ten years |  | — |  |  | — |  |  | 17,388 |  |  | 15,563 |
|  | — |  |  | — |  |  | 33,771 |  |  | 32,051 |
Residential mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities |  | 536,529 |  |  | 429,894 |  |  | 2,119,865 |  |  | 1,962,218 |
Commercial mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities |  | 88,121 |  |  | 79,857 |  |  | 249,246 |  |  | 243,636 |
Private mortgage-backed securities and collateralized mortgage obligations |  | — |  |  | — |  |  | 124,038 |  |  | 117,207 |
Collateralized loan obligations |  | — |  |  | — |  |  | 265,450 |  |  | 265,379 |
Other debt securities |  | — |  |  | — |  |  | 7,389 |  |  | 7,468 |
Totals |  | $ | 624,650 |  |  | $ | 509,751 |  |  | $ | 2,799,759 |  |  | $ | 2,627,959 |
Schedule of Debt Securities in Unrealized Loss Position | The tables below indicate the fair value of AFS debt securities with unrealized losses for which no allowance for credit losses has been recorded.
|  | March 31, 2025
|  | Less Than 12 Months |  | 12 Months or Longer |  | Total 1
(In thousands) |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
U.S. Treasury securities and obligations of U.S. government agencies |  | $ | 11,817 |  |  | $ | (97) |  |  | $ | 5,404 |  |  | $ | (325) |  |  | $ | 17,221 |  |  | $ | (422) |
Residential mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities |  | 546,593 |  |  | (35,096) |  |  | 607,377 |  |  | (130,709) |  |  | 1,153,970 |  |  | (165,805) |
Commercial mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities |  | 29,937 |  |  | (865) |  |  | 68,150 |  |  | (7,245) |  |  | 98,087 |  |  | (8,110) |
Private mortgage-backed securities and collateralized mortgage obligations |  | 304 |  |  | (6) |  |  | 97,986 |  |  | (7,035) |  |  | 98,290 |  |  | (7,041) |
Collateralized loan obligations |  | 91,511 |  |  | (450) |  |  | 30,396 |  |  | (189) |  |  | 121,907 |  |  | (639) |
Obligations of state and political subdivisions |  | 330 |  |  | (5) |  |  | 5,298 |  |  | (1,507) |  |  | 5,628 |  |  | (1,512) |
Totals |  | $ | 680,492 |  |  | $ | (36,519) |  |  | $ | 814,611 |  |  | $ | (147,010) |  |  | $ | 1,495,103 |  |  | $ | (183,529) |
1 Comprised of 350 individual securities. |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2024
|  | Less Than 12 Months |  | 12 Months or Longer |  | Total 1
(In thousands) |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
U.S. Treasury securities and obligations of U.S. government agencies |  | $ | 4,825 |  |  | $ | (13) |  |  | $ | 18,060 |  |  | $ | (509) |  |  | $ | 22,885 |  |  | $ | (522) |
Residential mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities |  | 648,967 |  |  | (7,578) |  |  | 739,363 |  |  | (182,958) |  |  | 1,388,330 |  |  | (190,536) |
Commercial mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities |  | 13,200 |  |  | (222) |  |  | 107,041 |  |  | (10,061) |  |  | 120,241 |  |  | (10,283) |
Private mortgage-backed securities and collateralized mortgage obligations |  | 7,178 |  |  | (16) |  |  | 101,242 |  |  | (8,366) |  |  | 108,420 |  |  | (8,382) |
Collateralized loan obligations |  | 43,410 |  |  | (152) |  |  | 7,596 |  |  | (14) |  |  | 51,006 |  |  | (166) |
Obligations of state and political subdivisions |  | 319 |  |  | (15) |  |  | 5,371 |  |  | (1,434) |  |  | 5,690 |  |  | (1,449) |
Totals |  | $ | 717,899 |  |  | $ | (7,996) |  |  | $ | 978,673 |  |  | $ | (203,342) |  |  | $ | 1,696,572 |  |  | $ | (211,338) |
1 Comprised of 377 individual securities. |  |  |  |  |  |  |  |  |  |  |  |

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 information about investment in debt security measured at amortized cost (held-to-maturity). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (aaa) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f)(4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A Reference 15: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B Reference 16: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B + Details
Name: | us-gaap_HeldToMaturitySecuritiesTextBlock
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_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration