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Investment Securities (Tables)

6 Months Ended

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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