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Investment Securities (Tables)

3 Months Ended

Mar. 31, 2021

Investment Securities [Abstract]

Investment Securities

	March 31, 2021
				Gross			Gross						Weighted
	Amortized			Unrealized			Unrealized			Fair			Average
	Cost			Gains			Losses			Value			Yield
	(In thousands)
Available-for-sale
Mortgage-backed securities
FNMA and FHLMC certificates	$	220,735		$	3,854		$	3,593		$	220,996		1.73%
GNMA certificates		193,884			7,624			160			201,348		2.20%
CMOs issued by US government-sponsored agencies		34,422			907			-			35,329		1.96%
Total mortgage-backed securities		449,041			12,385			3,753			457,673		1.95%
Investment securities
US Treasury securities		10,739			207			-			10,946		1.49%
Obligations of US government-sponsored agencies		1,496			16			-			1,512		1.39%
Other debt securities		839			39			-			878		2.28%
Total investment securities		13,074			262			-			13,336		1.53%
Total securities available for sale	$	462,115		$	12,647		$	3,753		$	471,009		1.94%
Held-to-maturity
Mortgage-backed securities
FNMA and FHLMC certificates	$	126,767		$	-		$	1,289		$	125,478		1.21%

	December 31, 2020
				Gross			Gross						Weighted
	Amortized			Unrealized			Unrealized			Fair			Average
	Cost			Gains			Losses			Value			Yield
	(In thousands)
Available-for-sale
Mortgage-backed securities
FNMA and FHLMC certificates	$	206,195		$	4,786		$	32		$	210,949		1.78%
GNMA certificates		174,472			8,478			178			182,772		2.21%
CMOs issued by US government-sponsored agencies		38,309			905			-			39,214		1.96%
Total mortgage-backed securities		418,976			14,169			210			432,935		1.97%
Investment securities
US Treasury securities		10,740			243			-			10,983		1.49%
Obligations of US government-sponsored agencies		1,585			21			-			1,606		1.39%
Other debt securities		875			39			-			914		2.31%
Total investment securities		13,200			303			-			13,503		1.53%
Total securities available-for-sale	$	432,176		$	14,472		$	210		$	446,438		1.96%

Investment Securities by Contractual Maturity

	March 31, 2021
	Available-for-sale						Held-to-maturity
	Amortized Cost			Fair Value			Amortized Cost			Fair Value
	(In thousands)
Mortgage-backed securities
Due less than one year
FNMA and FHLMC certificates	$	141		$	148		$	-		$	-
Total due in less than one year		141			148			-			-
Due from 1 to 5 years
GNMA certificates		395			396			-			-
Total due from 1 to 5 years		395			396			-			-
Due after 5 to 10 years
CMOs issued by US government-sponsored agencies	$	29,295		$	30,106		$	-		$	-
FNMA and FHLMC certificates		92,424			95,664			-			-
GNMA certificates		52,748			54,294			-			-
Total due after 5 to 10 years		174,467			180,064			-			-
Due after 10 years
FNMA and FHLMC certificates	$	128,170		$	125,184		$	126,767		$	125,478
GNMA certificates		140,741			146,658			-			-
CMOs issued by US government-sponsored agencies		5,127			5,223			-			-
Total due after 10 years		274,038			277,065			126,767			125,478
Total mortgage-backed securities		449,041			457,673			126,767			125,478
Investment securities
Due less than one year
Obligations of US government-sponsored agencies	$	1,496		$	1,512		$	-		$	-
US Treasury securities		735			735			-			-
Other debt securities		250			250			-			-
Total due in less than one year		2,481			2,497			-			-
Due from 1 to 5 years
US Treasury securities	$	10,004		$	10,211		$	-		$	-
Other debt securities		589			628			-			-
Total due from 1 to 5 years		10,593			10,839			-			-
Due from 5 to 10 years
Total investment securities		13,074			13,336			-			-
Total	$	462,115		$	471,009		$	126,767		$	125,478

Gross Realized Gains and Losses by Category

	Quarter Ended March 31, 2020
				Book Value
Description	Sale Price			at Sale			Gross Gains			Gross Losses
	(In thousands)
Sale of securities available-for-sale
Mortgage-backed securities
FNMA and FHLMC certificates	$	229,571		$	227,213		$	2,358		$	-
GNMA certificates		91,413			89,043			2,370			-
Total	$	320,984		$	316,256		$	4,728		$	-

Unrealized Gains and Losses by Category

	March 31, 2021
	Less than 12 months
	Amortized			Unrealized			Fair
	Cost			Loss			Value
	(In thousands)
Securities available-for-sale
FNMA and FHLMC certificates	$	108,552		$	3,750		$	104,802
GNMA certificates		536			3			533
	$	109,088		$	3,753		$	105,335
Held-to-maturity
FNMA and FHLMC certificates	$	126,767		$	1,289		$	125,478
	Total
	Amortized			Unrealized			Fair
	Cost			Loss			Value
	(In thousands)
Securities available-for-sale
FNMA and FHLMC certificates	$	108,552		$	3,750		$	104,802
GNMA certificates		536			3			533
	$	109,088		$	3,753		$	105,335
Held-to-maturity
FNMA and FHLMC certificates	$	126,767		$	1,289		$	125,478

	December 31, 2020
	Less than 12 months
	Amortized			Unrealized			Fair
	Cost			Loss			Value
	(In thousands)
Securities available-for-sale
FNMA and FHLMC certificates	$	34,628		$	32		$	34,596
GNMA certificates		5,104			178			4,926
	$	39,732		$	210		$	39,522
	Total
	Amortized			Unrealized			Fair
	Cost			Loss			Value
	(In thousands)
Securities available-for-sale
FNMA and FHLMC certificates	$	34,628		$	32		$	34,596
GNMA certificates		5,104			178			4,926
	$	39,732		$	210		$	39,522

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