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v3.25.3

Securities (Tables) | 9 Months Ended
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Sep. 30, 2025
Investments, Debt and Equity Securities [Abstract] |
Schedule of available-for-sale debt securities | The following tables summarize available-for-sale debt securities held by the Company at September 30, 2025 and December 31, 2024:
(In thousands) | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value
September 30, 2025 |  |  |  |
U.S. Treasuries | $ | 55,405 |  | $ | 222 |  | $ | 2,194 |  | $ | 53,433 |
Obligations of U.S. Government sponsored entities | 363,764 |  | 5,989 |  | 12,753 |  | 357,000 |
Obligations of U.S. states and political subdivisions | 81,888 |  | 10 |  | 5,632 |  | 76,266 |
Mortgage-backed securities – residential, issued by |  |  |  |
U.S. Government agencies | 104,338 |  | 643 |  | 3,702 |  | 101,279 |
U.S. Government sponsored entities | 772,888 |  | 5,474 |  | 77,731 |  | 700,631 |
U.S. corporate debt securities | 2,500 |  | 0 |  | 56 |  | 2,444 |
Total available-for-sale debt securities | $ | 1,380,783 |  | $ | 12,338 |  | $ | 102,068 |  | $ | 1,291,053 |
December 31, 2024 |  |  |  |
U.S. Treasuries | $ | 75,141 |  | $ | 140 |  | $ | 3,784 |  | $ | 71,497 |
Obligations of U.S. Government sponsored entities | 398,648 |  | 2,008 |  | 20,376 |  | 380,280 |
Obligations of U.S. states and political subdivisions | 86,328 |  | 4 |  | 8,638 |  | 77,694 |
Mortgage-backed securities – residential, issued by |  |  |  |
U.S. Government agencies | 68,130 |  | 3 |  | 4,879 |  | 63,254 |
U.S. Government sponsored entities | 736,376 |  | 1,680 |  | 101,696 |  | 636,360 |
U.S. corporate debt securities | 2,500 |  | 0 |  | 53 |  | 2,447 |
Total available-for-sale debt securities | $ | 1,367,123 |  | $ | 3,835 |  | $ | 139,426 |  | $ | 1,231,532 |
Schedule of held-to-maturity securities | The following tables summarize held-to-maturity debt securities held by the Company at September 30, 2025 and December 31, 2024:
(In thousands) | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value
September 30, 2025 |  |  |  |
U.S. Treasuries | $ | 85,885 |  | $ | 0 |  | $ | 7,646 |  | $ | 78,239 |
Obligations of U.S. Government sponsored entities | 226,625 |  | 0 |  | 23,240 |  | 203,385 |
Total held-to-maturity debt securities | $ | 312,510 |  | $ | 0 |  | $ | 30,886 |  | $ | 281,624 |
December 31, 2024 |  |  |  |
U.S. Treasuries | $ | 86,049 |  | $ | 0 |  | $ | 11,361 |  | $ | 74,688 |
Obligations of U.S. Government sponsored entities | 226,413 |  | 0 |  | 33,806 |  | 192,607 |
Total held-to-maturity debt securities | $ | 312,462 |  | $ | 0 |  | $ | 45,167 |  | $ | 267,295 |
The following table summarizes held-to-maturity debt securities that had unrealized losses at September 30, 2025 and December 31, 2024:
| Less than 12 Months | 12 Months or Longer | Total
(In thousands) | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses
September 30, 2025 |  |  |  |  |  |
U.S. Treasuries | $ | 0 |  | $ | 0 |  | $ | 78,239 |  | $ | 7,646 |  | $ | 78,239 |  | $ | 7,646 |
Obligations of U.S. Government sponsored entities | 0 |  | 0 |  | 203,385 |  | 23,240 |  | 203,385 |  | 23,240 |
Total held-to-maturity debt securities | $ | 0 |  | $ | 0 |  | $ | 281,624 |  | $ | 30,886 |  | $ | 281,624 |  | $ | 30,886 |
December 31, 2024 |  |  |  |  |  |
U.S. Treasuries | $ | 0 |  | $ | 0 |  | $ | 74,688 |  | $ | 11,361 |  | $ | 74,688 |  | $ | 11,361 |
Obligations of U.S. Government sponsored entities | 0 |  | 0 |  | 192,607 |  | 33,806 |  | 192,607 |  | 33,806 |
Total held-to-maturity debt securities | $ | 0 |  | $ | 0 |  | $ | 267,295 |  | $ | 45,167 |  | $ | 267,295 |  | $ | 45,167 |
Schedule of available-for-sale securities with unrealized losses | The following table summarizes available-for-sale debt securities that had unrealized losses at September 30, 2025, and December 31, 2024:
| Less than 12 Months | 12 Months or Longer | Total
(In thousands) | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses
September 30, 2025 |  |  |  |  |  |
U.S. Treasuries | $ | 0 |  | $ | 0 |  | $ | 38,655 |  | $ | 2,194 |  | $ | 38,655 |  | $ | 2,194 |
Obligations of U.S. Government sponsored entities | 0 |  | 0 |  | 150,482 |  | 12,753 |  | 150,482 |  | 12,753 |
Obligations of U.S. states and political subdivisions | 2,533 |  | 1 |  | 64,883 |  | 5,631 |  | 67,416 |  | 5,632 |
Mortgage-backed securities – residential, issued by |  |  |  |  |  |
U.S. Government agencies | 13,501 |  | 19 |  | 40,746 |  | 3,683 |  | 54,247 |  | 3,702 |
U.S. Government sponsored entities | 29,898 |  | 266 |  | 492,286 |  | 77,465 |  | 522,184 |  | 77,731 |
U.S. corporate debt securities | 0 |  | 0 |  | 2,444 |  | 56 |  | 2,444 |  | 56 |
Total available-for-sale debt securities | $ | 45,932 |  | $ | 286 |  | $ | 789,496 |  | $ | 101,782 |  | $ | 835,428 |  | $ | 102,068 |
December 31, 2024 |  |  |  |  |  |
U.S. Treasuries | $ | 0 |  | $ | 0 |  | $ | 57,019 |  | $ | 3,784 |  | $ | 57,019 |  | $ | 3,784 |
Obligations of U.S. Government sponsored entities | 14,085 |  | 515 |  | 188,296 |  | 19,861 |  | 202,381 |  | 20,376 |
Obligations of U.S. states and political subdivisions | 3,159 |  | 36 |  | 73,657 |  | 8,602 |  | 76,816 |  | 8,638 |
Mortgage-backed securities – residential, issued by |  |  |  |  |  |
U.S. Government agencies | 27,082 | 89 | 35,879 | 4,790 | 62,961 | 4,879
U.S. Government sponsored entities | 32,063 | 502 | 523,353 | 101,194 | 555,416 | 101,696
U.S. corporate debt securities | 0 |  | 0 |  | 2,447 |  | 53 |  | 2,447 |  | 53 |
Total available-for-sale debt securities | $ | 76,389 |  | $ | 1,142 |  | $ | 880,651 |  | $ | 138,284 |  | $ | 957,040 |  | $ | 139,426 |
Schedule of available-for-sale and held-to-maturity securities amortized cost and estimated fair value |
| September 30, 2025 | December 31, 2024
(In thousands) | Amortized Cost | Fair Value | Amortized Cost | Fair Value
Available-for-sale debt securities: |  |  |  |
Due in one year or less | $ | 69,215 |  | $ | 69,378 |  | $ | 100,000 |  | $ | 99,153 |
Due after one year through five years | 244,576 |  | 236,589 |  | 227,502 |  | 215,976 |
Due after five years through ten years | 188,503 |  | 182,170 |  | 212,789 |  | 199,457 |
Due after ten years | 1,263 |  | 1,006 |  | 22,326 |  | 17,332 |
Total | 503,557 |  | 489,143 |  | 562,617 |  | 531,918 |
Mortgage-backed securities | 877,226 |  | 801,910 |  | 804,506 |  | 699,614 |
Total available-for-sale debt securities | $ | 1,380,783 |  | $ | 1,291,053 |  | $ | 1,367,123 |  | $ | 1,231,532 |
| September 30, 2025 | December 31, 2024
(In thousands) | Amortized Cost | Fair Value | Amortized Cost | Fair Value
Held-to-maturity debt securities: |  |  |  |
Due after one year through five years | $ | 174,885 |  | $ | 159,274 |  | $ | 117,283 |  | $ | 102,173 |
Due after five years through ten years | 137,625 |  | 122,350 |  | 195,179 |  | 165,122 |
Total held-to-maturity debt securities | $ | 312,510 |  | $ | 281,624 |  | $ | 312,462 |  | $ | 267,295 |

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