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Securities (Tables) | 6 Months Ended
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Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract] |
Schedule of available-for-sale securities | The following table summarizes available-for-sale debt securities held by the Company at June 30, 2020:
| Available-for-Sale Debt Securities |  |  |  |  |  |
June 30, 2020 | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
(In thousands) |  |  |  |  |  |  |
U.S. Treasuries | $ | 400 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 400 |
Obligations of U.S. Government sponsored entities | 268,024 |  |  | 11,495 |  |  | 20 |  |  | 279,499 |
Obligations of U.S. states and political subdivisions | 119,703 |  |  | 2,743 |  |  | 60 |  |  | 122,386 |
Mortgage-backed securities – residential, issued by |  |  |  |  |  |  |
U.S. Government agencies | 206,017 |  |  | 3,271 |  |  | 941 |  |  | 208,347 |
U.S. Government sponsored entities | 704,627 |  |  | 18,001 |  |  | 471 |  |  | 722,157 |
U.S. corporate debt securities | 2,500 |  |  | 0 |  |  | 136 |  |  | 2,364 |
Total available-for-sale debt securities | $ | 1,301,271 |  |  | $ | 35,510 |  |  | $ | 1,628 |  |  | $ | 1,335,153 |
The following table summarizes available-for-sale debt securities held by the Company at December 31, 2019:
| Available-for-Sale Debt Securities |  |  |  |  |  |
December 31, 2019 | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
(In thousands) |  |  |  |  |  |  |
U.S. Treasuries | $ | 1,840 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 1,840 |
Obligations of U.S. Government sponsored entities | 367,551 |  |  | 5,021 |  |  | 84 |  |  | 372,488 |
Obligations of U.S. states and political subdivisions | 96,668 |  |  | 1,178 |  |  | 61 |  |  | 97,785 |
Mortgage-backed securities – residential, issued by |  |  |  |  |  |  |
U.S. Government agencies | 164,643 |  |  | 1,327 |  |  | 1,519 |  |  | 164,451 |
U.S. Government sponsored entities | 660,037 |  |  | 2,940 |  |  | 3,387 |  |  | 659,590 |
U.S. corporate debt securities | 2,500 |  |  | 0 |  |  | 67 |  |  | 2,433 |
Total available-for-sale debt securities | $ | 1,293,239 |  |  | $ | 10,466 |  |  | $ | 5,118 |  |  | $ | 1,298,587 |
Schedule of available-for-sale securities with unrealized losses | The following table summarizes available-for-sale debt securities that had unrealized losses at June 30, 2020:
| Less than 12 Months |  |  |  | 12 Months or Longer |  |  |  | Total |  |
(In thousands) | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
Obligations of U.S. Government sponsored entities | $ | 20,412 |  |  | $ | 20 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 20,412 |  |  | $ | 20 |
Obligations of U.S. states and political subdivisions | 9,750 |  |  | 60 |  |  | 0 |  |  | 0 |  |  | 9,750 |  |  | 60 |
Mortgage-backed securities – residential, issued by |  |  |  |  |  |  |  |  |  |  |
U.S. Government agencies | 43,968 |  |  | 694 |  |  | 5,627 |  |  | 247 |  |  | 49,595 |  |  | 941 |
U.S. Government sponsored entities | 32,328 |  |  | 403 |  |  | 7,159 |  |  | 68 |  |  | 39,487 |  |  | 471 |
U.S. corporate debt securities | 0 |  |  | 0 |  |  | 2,364 |  |  | 136 |  |  | 2,364 |  |  | 136 |
Total available-for-sale debt securities | $ | 106,458 |  |  | $ | 1,177 |  |  | $ | 15,150 |  |  | $ | 451 |  |  | $ | 121,608 |  |  | $ | 1,628 |
The following table summarizes available-for-sale debt securities that had unrealized losses at December 31, 2019:
| Less than 12 Months |  |  |  | 12 Months or Longer |  |  |  | Total |  |
(In thousands) | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
Obligations of U.S. Government sponsored entities | $ | 18,654 |  |  | $ | 76 |  |  | $ | 3,479 |  |  | $ | 8 |  |  | $ | 22,133 |  |  | $ | 84 |
Obligations of U.S. states and political subdivisions | 10,456 |  |  | 54 |  |  | 2,300 |  |  | 7 |  |  | 12,756 |  |  | 61 |
Mortgage-backed securities – residential, issued by |  |  |  |  |  |  |  |  |  |  |
U.S. Government agencies | 54,846 |  |  | 489 |  |  | 45,999 |  |  | 1,030 |  |  | 100,845 |  |  | 1,519 |
U.S. Government sponsored entities | 157,801 |  |  | 752 |  |  | 233,999 |  |  | 2,635 |  |  | 391,800 |  |  | 3,387 |
U.S. corporate debt securities | 0 |  |  | 0 |  |  | 2,433 |  |  | 67 |  |  | 2,433 |  |  | 67 |
Total available-for-sale debt securities | $ | 241,757 |  |  | $ | 1,371 |  |  | $ | 288,210 |  |  | $ | 3,747 |  |  | $ | 529,967 |  |  | $ | 5,118 |
Schedule of amortized cost and estimated fair value of debt securities by contractual maturity |
June 30, 2020 |  |  |
(In thousands) | Amortized Cost |  | Fair Value
Available-for-sale debt securities: |  |  |
Due in one year or less | $ | 49,817 |  |  | $ | 50,422 |
Due after one year through five years | 214,693 |  |  | 225,929 |
Due after five years through ten years | 65,948 |  |  | 67,690 |
Due after ten years | 60,169 |  |  | 60,608 |
Total | 390,627 |  |  | 404,649 |
Mortgage-backed securities | 910,644 |  |  | 930,504 |
Total available-for-sale debt securities | $ | 1,301,271 |  |  | $ | 1,335,153 |
December 31, 2019 |  |  |
(In thousands) | Amortized Cost |  | Fair Value
Available-for-sale debt securities: |  |  |
Due in one year or less | $ | 107,975 |  |  | $ | 108,089 |
Due after one year through five years | 270,477 |  |  | 274,798 |
Due after five years through ten years | 77,710 |  |  | 79,165 |
Due after ten years | 12,397 |  |  | 12,494 |
Total | 468,559 |  |  | 474,546 |
Mortgage-backed securities | 824,680 |  |  | 824,041 |
Total available-for-sale debt securities | $ | 1,293,239 |  |  | $ | 1,298,587 |

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