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Available for Sale Debt Securities (Tables) | 12 Months Ended
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Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract] |
Securities Available for Sale | Available for sale debt securities at December 31, 2020 and 2019 are summarized as follows (in thousands):
| 2020
| Amortized cost |  | Gross unrealized gains |  | Gross unrealized losses |  | Fair value
Agency obligations | $ | 1,001 |  |  | 8 |  |  | — |  |  | 1,009 |
Mortgage-backed securities | 910,393 |  |  | 28,872 |  |  | (852) |  |  | 938,413 |
Asset-backed securities | 52,295 |  |  | 1,535 |  |  |  |  | 53,830 |
State and municipal obligations | 69,687 |  |  | 1,666 |  |  | (95) |  |  | 71,258 |
Corporate obligations | 40,194 |  |  | 809 |  |  | (24) |  |  | 40,979 |
| $ | 1,073,570 |  |  | 32,890 |  |  | (971) |  |  | 1,105,489 |
| 2019
| Amortized cost |  | Gross unrealized gains |  | Gross unrealized losses |  | Fair value
Mortgage-backed securities | $ | 936,196 |  |  | 12,367 |  |  | (1,133) |  |  | 947,430 |
State and municipal obligations | 3,907 |  |  | 172 |  |  | — |  |  | 4,079 |
Corporate obligations | 25,032 |  |  | 393 |  |  | (15) |  |  | 25,410 |
| $ | 965,135 |  |  | 12,932 |  |  | (1,148) |  |  | 976,919 |
Securities Available for Sale by Contractual Maturity | The amortized cost and fair value of available for sale debt securities at December 31, 2020, by contractual maturity, are shown below (in thousands). Expected maturities may differ from contractual maturities due to prepayment or early call privileges of the issuer.
| 2020
| Amortized cost |  | Fair value
Due after one year through five years | $ | 5,676 |  |  | 5,791 |
Due after five years through ten years | 38,046 |  |  | 38,780 |
Due after ten years | 66,159 |  |  | 67,666 |
| $ | 109,881 |  |  | 112,237 |
Disclosure on Securities Available for Sale with Temporary Impairment | (in thousands):
| December 31, 2020 Unrealized Losses
| Less than 12 months |  | 12 months or longer |  | Total
| Fair value |  | Gross unrealized losses |  | Fair value |  | Gross unrealized losses |  | Fair value |  | Gross unrealized losses
Mortgage-backed securities | $ | 127,600 |  |  | (824) |  |  | 8,007 |  |  | (28) |  |  | 135,607 |  |  | (852) |
State and municipal obligations | 5,275 |  |  | (95) |  |  | — |  |  | — |  |  | 5,275 |  |  | (95) |
Corporate obligations | — |  |  | — |  |  | 2,000 |  |  | (24) |  |  | 2,000 |  |  | (24) |
| $ | 132,875 |  |  | (919) |  |  | 10,007 |  |  | (52) |  |  | 142,882 |  |  | (971) |
| December 31, 2019 Unrealized Losses
| Less than 12 months |  | 12 months or longer |  | Total
| Fair value |  | Gross unrealized losses |  | Fair value |  | Gross unrealized losses |  | Fair value |  | Gross unrealized losses
Mortgage-backed securities | $ | 136,270 |  |  | (629) |  |  | 46,819 |  |  | (504) |  |  | 183,089 |  |  | (1,133) |
Corporate obligations | 2,013 |  |  | (15) |  |  | — |  |  | — |  |  | 2,013 |  |  | (15) |
| $ | 138,283 |  |  | (644) |  |  | 46,819 |  |  | (504) |  |  | 185,102 |  |  | (1,148) |

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