XML 47 R36.htm IDEA: XBRL DOCUMENT
v3.25.3

Investment Securities (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Investments, Debt and Equity Securities [Abstract] |
Unrealized Gain (Loss) on Investments | Investment securities at September 30, 2025 and at December 31, 2024, were as follows:
Debt securities AFS (In thousands) |  | Amortized Cost |  | Gross Unrealized Holding Gains |  | Gross Unrealized Holding Losses |  | Fair Value
September 30, 2025: |  |  |  |  |  |  |  |
Obligations of states and political subdivisions |  | $ | 220,700 |  |  | $ | 362 |  |  | $ | 15,274 |  |  | $ | 205,788 |
U.S. Government sponsored entities' asset-backed securities |  | 536,113 |  |  | 460 |  |  | 38,411 |  |  | 498,162 |
Collateralized loan obligations |  | 94,569 |  |  | 81 |  |  | 14 |  |  | 94,636 |
Corporate debt securities |  | 20,065 |  |  | 101 |  |  | 1,039 |  |  | 19,127 |
Total |  | $ | 871,447 |  |  | $ | 1,004 |  |  | $ | 54,738 |  |  | $ | 817,713 |
Debt securities AFS (In thousands) |  | Amortized Cost |  | Gross Unrealized Holding Gains |  | Gross Unrealized Holding Losses |  | Fair Value
December 31, 2024: |  |  |  |  |  |  |  |
Obligations of U.S. Government sponsored entities |  | $ | 250 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 249 |
Obligations of states and political subdivisions |  | 203,438 |  |  | 88 |  |  | 16,643 |  |  | 186,883 |
U.S. Government sponsored entities' asset-backed securities |  | 580,268 |  |  | 2 |  |  | 61,694 |  |  | 518,576 |
Collateralized loan obligations |  | 271,572 |  |  | 288 |  |  | 27 |  |  | 271,833 |
Corporate debt securities |  | 20,753 |  |  | 50 |  |  | 1,720 |  |  | 19,083 |
Total |  | $ | 1,076,281 |  |  | $ | 428 |  |  | $ | 80,085 |  |  | $ | 996,624 |
Investments Classified by Contractual Maturity Date | The amortized cost and estimated fair value of investments in debt securities AFS at September 30, 2025, are shown in the following table by contractual maturity, except for asset-backed securities and collateral loan obligations, which are shown as a single total due to the unpredictability of the timing of principal repayments. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties.
(In thousands) |  | Amortized cost |  | Fair value |  | Tax equivalent yield (1)
Debt Securities AFS |  |  |  |  |  |
Obligations of state and political subdivisions: |  |  |  |  |  |
Due five through ten years |  | $ | 100,371 |  |  | $ | 94,927 |  |  | 2.84 | %
Due over ten years |  | 120,329 |  |  | 110,861 |  |  | 3.87 | %
Total (1) |  | $ | 220,700 |  |  | $ | 205,788 |  |  | 3.40 | %
U.S. Government sponsored entities' asset-backed securities |  | $ | 536,113 |  |  | $ | 498,162 |  |  | 2.05 | %
Collateralized loan obligations |  | $ | 94,569 |  |  | $ | 94,636 |  |  | 5.94 | %
Corporate debt securities |  |  |  |  |  |
Due one through five years |  | $ | 2,000 |  |  | $ | 1,984 |  |  | 4.00 | %
Due five through ten years |  | 18,065 |  |  | 17,143 |  |  | 4.17 | %
Total |  | $ | 20,065 |  |  | $ | 19,127 |  |  | 4.15 | %
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value | Investment securities in an unrealized loss position at September 30, 2025, were as follows:
|  | Unrealized loss position for less than 12 months |  | Unrealized loss position for 12 months or longer |  | Total
(In thousands) |  | Fair value |  | Unrealized losses |  | Fair value |  | Unrealized losses |  | Fair value |  | Unrealized losses
Debt securities AFS: |  |  |  |  |  |  |  |  |  |  |  |
Obligations of states and political subdivisions |  | $ | 39,905 |  |  | $ | 870 |  |  | $ | 138,936 |  |  | $ | 14,404 |  |  | $ | 178,841 |  |  | $ | 15,274 |
U.S. Government sponsored entities' asset-backed securities |  | 12,696 |  |  | 164 |  |  | 449,051 |  |  | 38,247 |  |  | 461,747 |  |  | 38,411 |
Collateralized loan obligations |  | 17,402 |  |  | 13 |  |  | 202 |  |  | 1 |  |  | 17,604 |  |  | 14 |
Corporate debt securities |  | — |  |  | — |  |  | 16,611 |  |  | 1,039 |  |  | 16,611 |  |  | 1,039 |
Total |  | $ | 70,003 |  |  | $ | 1,047 |  |  | $ | 604,800 |  |  | $ | 53,691 |  |  | $ | 674,803 |  |  | $ | 54,738 |
Investment securities in an unrealized loss position at December 31, 2024, were as follows:
|  | Unrealized loss position for less than 12 months |  | Unrealized loss position for 12 months or longer |  | Total
(In thousands) |  | Fair value |  | Unrealized losses |  | Fair value |  | Unrealized losses |  | Fair value |  | Unrealized losses
Debt securities AFS: |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. Government sponsored entities |  | $ | 249 |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 249 |  |  | $ | 1 |
Obligations of states and political subdivisions |  | 34,256 |  |  | 528 |  |  | 137,471 |  |  | 16,115 |  |  | 171,727 |  |  | 16,643 |
U.S. Government sponsored entities' asset-backed securities |  | 6,555 |  |  | 249 |  |  | 510,846 |  |  | 61,445 |  |  | 517,401 |  |  | 61,694 |
Collateralized loan obligations |  | 44,935 |  |  | 14 |  |  | 36,223 |  |  | 13 |  |  | 81,158 |  |  | 27 |
Corporate debt securities |  | — |  |  | — |  |  | 15,929 |  |  | 1,720 |  |  | 15,929 |  |  | 1,720 |
Total |  | $ | 85,995 |  |  | $ | 792 |  |  | $ | 700,469 |  |  | $ | 79,293 |  |  | $ | 786,464 |  |  | $ | 80,085 |

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 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 unrealized gains and losses on investments. + References No definition available. + Details
Name: | us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration