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Securities (Tables)
 6 Months Ended
Jun. 30, 2020
Securities [Abstract]  
Amortized Cost, Estimated Fair Value and Unrealized Gains (Losses) of AFS Securities
The amortized cost, estimated fair value and unrealized gains (losses) of AFS securities are as follows:

(In thousands)
  
Amortized
Cost
    
Unrealized
Gains
    
Unrealized
Losses
    
Estimated
Fair Value
  
As of June 30, 2020
                        
Federal agency
  
$
45,588
    
$
39
    
$
23
    
$
45,604
  
State & municipal
    
2,529
      
160
      
-
      
2,689
  
Mortgage-backed:
                                
Government-sponsored enterprises
    
445,055
      
19,285
      
-
      
464,340
  
U.S. government agency securities
    
49,967
      
2,283
      
9
      
52,241
  
Collateralized mortgage obligations:
                                
Government-sponsored enterprises
    
382,562
      
8,340
      
4
      
390,898
  
U.S. government agency securities
    
138,187
      
4,352
      
5
      
142,534
  
Corporate
    
10,000
      
137
      
-
      
10,137
  
Total AFS securities
  
$
1,073,888
    
$
34,596
    
$
41
    
$
1,108,443
  
As of December 31, 2019
                                
Federal agency
  
$
34,998
    
$
3
    
$
243
    
$
34,758
  
State & municipal
    
2,533
      
-
      
20
      
2,513
  
Mortgage-backed:
                                
Government-sponsored enterprises
    
453,614
      
4,982
      
239
      
458,357
  
U.S. government agency securities
    
44,758
      
667
      
156
      
45,269
  
Collateralized mortgage obligations:
                                
Government-sponsored enterprises
    
328,499
      
1,949
      
467
      
329,981
  
U.S. government agency securities
    
104,152
      
718
      
408
      
104,462
  
Total AFS securities
  
$
968,554
    
$
8,319
    
$
1,533
    
$
975,340
  
Components of Net Realized Gains (Losses) on Sale of AFS Securities
The components of net realized gains (losses) on the sale of AFS securities are as follows. These amounts were reclassified out of accumulated other comprehensive income (loss) (“AOCI”) and into earnings. There were no sales of AFS securities during the three months ended June 30, 2020 and 2019.

  
Six Months Ended
June 30,
  
(In thousands)
  
2020
    
2019
  
Gross realized gains
  
$
3
    
$
53
  
Gross realized (losses)
    
-
      
(152
)
Net AFS realized gains (losses)
  
$
3
    
$
(99
)
Amortized Cost, Estimated Fair Value, and Unrealized Gains (Losses) of Securities HTM
The amortized cost, estimated fair value and unrealized gains (losses) of securities HTM are as follows:

(In thousands)
  
Amortized
Cost
    
Unrealized
Gains
    
Unrealized
Losses
    
Estimated
Fair Value
  
As of June 30, 2020
                        
Mortgage-backed:
                        
Government-sponsored enterprises
  
$
144,556
    
$
5,886
    
$
-
    
$
150,442
  
U.S. government agency securities
    
12,220
      
938
      
-
      
13,158
  
Collateralized mortgage obligations:
                                
Government-sponsored enterprises
    
145,235
      
5,445
      
-
      
150,680
  
    U.S. government agency securities
    
105,862
      
5,447
      
-
      
111,309
  
State & municipal
    
191,291
      
6,152
      
10
      
197,433
  
Total HTM securities
  
$
599,164
    
$
23,868
    
$
10
    
$
623,022
  
As of December 31, 2019
                                
Mortgage-backed:
                                
Government-sponsored enterprises
  
$
149,448
    
$
3,184
    
$
155
    
$
152,477
  
U.S. government agency securities
    
13,667
      
584
      
-
      
14,251
  
Collateralized mortgage obligations:
                                
Government-sponsored enterprises
    
189,402
      
2,165
      
368
      
191,199
  
   U.S. government agency securities
    
110,498
      
3,256
      
100
      
113,654
  
State & municipal
    
167,059
      
2,628
      
6
      
169,681
  
Total HTM securities
  
$
630,074
    
$
11,817
    
$
629
    
$
641,262
  
Gains and Losses on Equity Securities
The following tables set forth information with regard to gains and losses on equity securities:

  
Three Months Ended June 30,
  
(In thousands)
  
2020
    
2019
  
Net gains and (losses) recognized on equity securities
  
$
177
    
$
(69
)
Less: Net gains and (losses) recognized during the period on equity securities sold during the period
    
-
      
-
  
Unrealized gains and (losses) recognized on equity securities still held
  
$
177
    
$
(69
)

 
Six Months Ended June 30,
  
(In thousands)
  
2020
    
2019
  
Net gains and (losses) recognized on equity securities
  
$
(638
)
  
$
87
  
Less: Net gains and (losses) recognized during the period on equity securities sold during the period
    
-
      
-
  
Unrealized gains and (losses) recognized on equity securities still held
  
$
(638
)
  
$
87
  
Contractual Maturities of Debt Securities
The following tables set forth information with regard to contractual maturities of debt securities at June 30, 2020:

(In thousands)
  
Amortized
Cost
    
Estimated
Fair Value
  
AFS debt securities:
            
Within one year
  
$
1,137
    
$
1,179
  
From one to five years
    
19,997
      
20,682
  
From five to ten years
    
201,736
      
208,054
  
After ten years
    
851,018
      
878,528
  
Total AFS debt securities
  
$
1,073,888
    
$
1,108,443
  
HTM debt securities:
                
Within one year
  
$
19,161
    
$
19,190
  
From one to five years
    
59,201
      
60,404
  
From five to ten years
    
147,566
      
154,845
  
After ten years
    
373,236
      
388,583
  
Total HTM debt securities
  
$
599,164
    
$
623,022
  
Investment Securities with Unrealized Losses
The following table sets forth information with regard to investment securities with unrealized losses, for which an allowance for credit losses has not been recorded at June 30, 2020, segregated according to the length of time the securities had been in a continuous unrealized loss position:

  
Less Than 12 Months
    
12 Months or Longer
    
Total
  
(In thousands)
  
Fair
Value
    
Unrealized
Losses
    
Number
of Positions
    
Fair
Value
    
Unrealized
Losses
    
Number
of Positions
    
Fair
Value
    
Unrealized
Losses
    
Number
of Positions
  
As of June 30, 2020
                                                      
AFS securities:
                                                      
Federal agency
  
$
19,965
    
$
(23
)
    
2
    
$
-
    
$
-
      
-
    
$
19,965
    
$
(23
)
    
2
  
Mortgage-backed
    
46
      
-
      
2
      
779
      
(9
)
    
2
      
825
      
(9
)
    
4
  
Collateralized mortgage
obligations
    
583
      
(5
)
    
1
      
3,043
      
(4
)
    
1
      
3,626
      
(9
)
    
2
  
Total securities with unrealized losses
  
$
20,594
    
$
(28
)
    
5
    
$
3,822
    
$
(13
)
    
3
    
$
24,416
    
$
(41
)
    
8
  
                                                                         
HTM securities:
                                                                        
State & municipal
  
$
990
    
$
(10
)
    
1
    
$
-
    
$
-
      
-
    
$
990
    
$
(10
)
    
1
  
Total securities with unrealized losses
  
$
990
    
$
(10
)
    
1
    
$
-
    
$
-
      
-
    
$
990
    
$
(10
)
    
1
  
                                                                         
As of December 31, 2019
                                                                        
AFS securities:
                                                                        
Federal agency
  
$
14,891
    
$
(109
)
    
2
    
$
9,866
    
$
(134
)
    
1
    
$
24,757
    
$
(243
)
    
3
  
State & municipal
    
2,503
      
(20
)
    
1
      
-
      
-
      
-
      
2,503
      
(20
)
    
1
  
Mortgage-backed
    
67,986
      
(273
)
    
21
      
37,745
      
(122
)
    
16
      
105,731
      
(395
)
    
37
  
Collateralized mortgage obligations
    
113,121
      
(316
)
    
24
      
49,632
      
(559
)
    
17
      
162,753
      
(875
)
    
41
  
Total securities with unrealized losses
  
$
198,501
    
$
(718
)
    
48
    
$
97,243
    
$
(815
)
    
34
    
$
295,744
    
$
(1,533
)
    
82
  
                                                                         
HTM securities:
                                                                        
Mortgage-backed
  
$
-
    
$
-
      
-
    
$
25,370
    
$
(155
)
    
2
    
$
25,370
    
$
(155
)
    
2
  
Collateralized mortgage obligations
    
18,040
      
(181
)
    
3
      
22,389
      
(287
)
    
5
      
40,429
      
(468
)
    
8
  
State & municipal
    
2,257
      
(6
)
    
4
      
-
      
-
      
-
      
2,257
      
(6
)
    
4
  
Total securities with unrealized losses
  
$
20,297
    
$
(187
)
    
7
    
$
47,759
    
$
(442
)
    
7
    
$
68,056
    
$
(629
)
    
14