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v3.21.2

Investment Securities (Tables) | 6 Months Ended
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Jun. 30, 2021
Investment Securities [Abstract] |
Investment Securities |
| June 30, 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 | $ | 208,840 |  | $ | 3,481 |  | $ | 2,242 |  | $ | 210,079 |  | 1.71%
GNMA certificates |  | 237,547 |  |  | 8,256 |  |  | 176 |  |  | 245,627 |  | 2.35%
CMOs issued by US government-sponsored agencies |  | 30,546 |  |  | 762 |  |  | - |  |  | 31,308 |  | 1.96%
Total mortgage-backed securities |  | 476,933 |  |  | 12,499 |  |  | 2,418 |  |  | 487,014 |  | 2.05%
Investment securities |  |  |  |  |  |  |  |  |  |  |  |  |
US Treasury securities |  | 10,739 |  |  | 171 |  |  | - |  |  | 10,910 |  | 1.48%
Obligations of US government-sponsored agencies |  | 1,396 |  |  | 11 |  |  | - |  |  | 1,407 |  | 1.39%
Other debt securities |  | 2,253 |  |  | 35 |  |  | - |  |  | 2,288 |  | 4.73%
Total investment securities |  | 14,388 |  |  | 217 |  |  | - |  |  | 14,605 |  | 1.98%
Total securities available for sale | $ | 491,321 |  | $ | 12,716 |  | $ | 2,418 |  | $ | 501,619 |  | 2.05%
Held-to-maturity |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  |  |  |  |  |  |  |  |  |  |  |  |
FNMA and FHLMC certificates | $ | 125,138 |  | $ | 63 |  | $ | 444 |  | $ | 124,757 |  | 1.70%
| 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 |
| June 30, 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 | $ | 6 |  | $ | 6 |  | $ | - |  | $ | -
Total due in less than one year |  | 6 |  |  | 6 |  |  | - |  |  | -
Due from 1 to 5 years |  |  |  |  |  |  |  |  |  |  |
GNMA certificates |  | 2,203 |  |  | 2,274 |  |  | - |  |  | -
Total due from 1 to 5 years |  | 2,203 |  |  | 2,274 |  |  | - |  |  | -
Due after 5 to 10 years |  |  |  |  |  |  |  |  |  |  |
CMOs issued by US government-sponsored agencies | $ | 28,246 |  | $ | 28,976 |  | $ | - |  | $ | -
FNMA and FHLMC certificates |  | 90,140 |  |  | 93,172 |  |  | - |  |  | -
GNMA certificates |  | 45,513 |  |  | 46,827 |  |  | - |  |  | -
Total due after 5 to 10 years |  | 163,899 |  |  | 168,975 |  |  | - |  |  | -
Due after 10 years |  |  |  |  |  |  |  |  |  |  |
FNMA and FHLMC certificates | $ | 118,694 |  | $ | 116,901 |  | $ | 125,138 |  | $ | 124,757
GNMA certificates |  | 189,831 |  |  | 196,526 |  |  | - |  |  | -
CMOs issued by US government-sponsored agencies |  | 2,300 |  |  | 2,332 |  |  | - |  |  | -
Total due after 10 years |  | 310,825 |  |  | 315,759 |  |  | 125,138 |  |  | 124,757
Total mortgage-backed securities |  | 476,933 |  |  | 487,014 |  |  | 125,138 |  |  | 124,757
Investment securities |  |  |  |  |  |  |  |  |  |  |
Due less than one year |  |  |  |  |  |  |  |  |  |  |
Obligations of US government-sponsored agencies | $ | 1,396 |  | $ | 1,407 |  | $ | - |  | $ | -
US Treasury securities |  | 735 |  |  | 735 |  |  | - |  |  | -
Other debt securities |  | 250 |  |  | 250 |  |  | - |  |  | -
Total due in less than one year |  | 2,381 |  |  | 2,392 |  |  | - |  |  | -
Due from 1 to 5 years |  |  |  |  |  |  |  |  |  |  |
US Treasury securities | $ | 10,004 |  | $ | 10,175 |  | $ | - |  | $ | -
Other debt securities |  | 2,003 |  |  | 2,038 |  |  | - |  |  | -
Total due from 1 to 5 years |  | 12,007 |  |  | 12,213 |  |  | - |  |  | -
Due from 5 to 10 years |  |  |  |  |  |  |  |  |  |  |
Total investment securities |  | 14,388 |  |  | 14,605 |  |  | - |  |  | -
Total | $ | 491,321 |  | $ | 501,619 |  | $ | 125,138 |  | $ | 124,757
Gross Realized Gains and Losses by Category |
| Six-Month Period Ended June 30, 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 |
| June 30, 2021
| Less than 12 months
| Amortized |  | Unrealized |  | Fair
| Cost |  | Loss |  | Value
| (In thousands)
Securities available-for-sale |  |  |  |  |  |  |  |
FNMA and FHLMC certificates | $ | 106,318 |  | $ | 2,242 |  | $ | 104,076
GNMA certificates |  | 967 |  |  | 176 |  |  | 791
| $ | 107,285 |  | $ | 2,418 |  | $ | 104,867
Held-to-maturity |  |  |  |  |  |  |  |
FNMA and FHLMC certificates | $ | 100,180 |  | $ | 444 |  | $ | 99,736
| 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

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