XML 36 R24.htm IDEA: XBRL DOCUMENT v3.25.3
Securities (Tables)
 3 Months Ended
Mar. 31, 2025
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 March 31, 2025:
March 31, 2025
(In thousands)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair Value
U.S. Treasuries$75,232 $218 $2,941 $72,509 
Obligations of U.S. Government sponsored entities399,006 4,751 16,309 387,448 
Obligations of U.S. states and political subdivisions85,483 5 8,605 76,883 
Mortgage-backed securities – residential, issued by
 U.S. Government agencies65,124 6 4,479 60,651 
 U.S. Government sponsored entities746,099 2,951 89,677 659,373 
U.S. corporate debt securities2,500 0 22 2,478 
Total available-for-sale debt securities$1,373,444 $7,931 $122,033 $1,259,342 
 
The following table summarizes available-for-sale debt securities held by the Company at December 31, 2024:

December 31, 2024
(In thousands)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair Value
U.S. Treasuries$75,141 $140 $3,784 $71,497 
Obligations of U.S. Government sponsored entities398,648 2,008 20,376 380,280 
Obligations of U.S. states and political subdivisions86,328 4 8,638 77,694 
Mortgage-backed securities – residential, issued by
U.S. Government agencies68,130 3 4,879 63,254 
U.S. Government sponsored entities736,376 1,680 101,696 636,360 
U.S. corporate debt securities2,500 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 table summarizes held-to-maturity debt securities held by the Company at March 31, 2025:

March 31, 2025
(In thousands)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair Value
U.S. Treasuries$85,994 $0 $9,468 $76,526 
Obligations of U.S. Government sponsored entities226,483 0 28,189 198,294 
Total held-to-maturity debt securities$312,477 $0 $37,657 $274,820 

The following table summarizes held-to-maturity debt securities held by the Company at December 31, 2024:

December 31, 2024
(In thousands)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair Value
U.S. Treasuries$86,049 $0 $11,361 $74,688 
Obligations of U.S. Government sponsored entities226,413 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 March 31, 2025:

Less than 12 Months12 Months or LongerTotal
(In thousands)Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
U.S. Treasuries$0 $0 $76,526 $9,468 $76,526 $9,468 
Obligations of U.S. Government sponsored entities0 0 198,294 28,189 198,294 28,189 
Total held-to-maturity debt securities$0 $0 $274,820 $37,657 $274,820 $37,657 

The following table summarizes held-to-maturity debt securities that had unrealized losses at December 31, 2024:

Less than 12 Months12 Months or LongerTotal
(In thousands)Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
U.S. Treasuries$0 $0 $74,688 $11,361 $74,688 $11,361 
Obligations of U.S. Government sponsored entities0 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 
March 31, 2025
(In thousands)Amortized CostFair Value
Held-to-maturity debt securities:
Due after one year through five years$117,164 $104,526 
Due after five years through ten years195,313 170,294 
Total held-to-maturity debt securities$312,477 $274,820 

December 31, 2024
(In thousands)Amortized CostFair Value
Held-to-maturity debt securities:
Due after one year through five years$117,283 $102,173 
Due after five years through ten years195,179 165,122 
Total held-to-maturity debt securities$312,462 $267,295 
Schedule of available for sale securities with unrealized losses
The following table summarizes available-for-sale debt securities that had unrealized losses at March 31, 2025:

Less than 12 Months12 Months or LongerTotal
(In thousands)Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
U.S. Treasuries$0 $0 $57,882 $2,941 $57,882 $2,941 
Obligations of U.S. Government sponsored entities14,498 111 191,986 16,198 206,484 16,309 
Obligations of U.S. states and political subdivisions3,172 23 72,834 8,582 76,006 8,605 
Mortgage-backed securities – residential, issued by
U.S. Government agencies26,030 155 34,331 4,324 60,361 4,479 
U.S. Government sponsored entities37,356 340 514,281 89,337 551,637 89,677 
U.S. corporate debt securities0 0 2,478 22 2,478 22 
Total available-for-sale debt securities$81,056 $629 $873,792 $121,404 $954,848 $122,033 

The following table summarizes available-for-sale debt securities that had unrealized losses at December 31, 2024:

Less than 12 Months12 Months or LongerTotal
(In thousands)Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
U.S. Treasuries$0 $0 $57,019 $3,784 $57,019 $3,784 
Obligations of U.S. Government sponsored entities14,085 515 188,296 19,861 202,381 20,376 
Obligations of U.S. states and political subdivisions3,159 36 73,657 8,602 76,816 8,638 
Mortgage-backed securities – residential, issued by
U.S. Government agencies27,082 89 35,879 4,790 62,961 4,879 
U.S. Government sponsored entities32,063 502 523,353 101,194 555,416 101,696 
U.S. corporate debt securities0 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 amortized cost and estimated fair value of debt securities by contractual maturity
The amortized cost and estimated fair value of debt securities by contractual maturity are shown in the following table. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Mortgage-backed securities are shown separately since they are not due at a single maturity date.
March 31, 2025
(In thousands)Amortized CostFair Value
Available-for-sale debt securities:
Due in one year or less$120,400 $119,965 
Due after one year through five years226,338 217,042 
Due after five years through ten years213,159 200,515 
Due after ten years2,324 1,796 
Total562,221 539,318 
Mortgage-backed securities811,223 720,024 
Total available-for-sale debt securities$1,373,444 $1,259,342 

December 31, 2024
(In thousands)Amortized CostFair Value
Available-for-sale debt securities:
Due in one year or less$100,000 $99,153 
Due after one year through five years227,502 215,976 
Due after five years through ten years212,789 199,457 
Due after ten years22,326 17,332 
Total562,617 531,918 
Mortgage-backed securities804,506 699,614 
Total available-for-sale debt securities$1,367,123 $1,231,532