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INVESTMENT SECURITIES (Tables)

3 Months Ended

Mar. 31, 2023

INVESTMENT SECURITIES

Schedule of investment securities


		March 31, 2023
					Gross			Gross
		Amortized			Unrealized			Unrealized			Fair
		Cost			Gains			Losses			Value

		(In Thousands)
AVAILABLE-FOR-SALE SECURITIES:
Agency mortgage-backed securities		$	323,471		$	—		$	36,083		$	287,388
Agency collateralized mortgage obligations			89,673			—			9,914			79,759
States and political subdivisions			59,533			379			2,006			57,906
Small Business Administration securities			74,103			132			5,958			68,277
		$	546,780		$	511		$	53,961		$	493,330


		December 31, 2022
					Gross			Gross
		Amortized			Unrealized			Unrealized			Fair
		Cost			Gains			Losses			Value

		(In Thousands)
AVAILABLE-FOR-SALE SECURITIES:
Agency mortgage-backed securities		$	327,266		$	—		$	40,784		$	286,482
Agency collateralized mortgage obligations			90,205			—			11,731			78,474
States and political subdivisions securities			60,667			119			3,291			57,495
Small Business Administration securities			75,076			—			6,935			68,141
		$	553,214		$	119		$	62,741		$	490,592

Schedule of amortized cost and fair values of securities


		March 31, 2023
								Amortized			Gross			Gross
		Amortized			Fair Value			Carrying			Unrealized			Unrealized			Fair
		Cost			Adjustment			Value			Gains			Losses			Value

		(In Thousands)
HELD-TO-MATURITY SECURITIES:
Agency mortgage-backed securities		$	73,612		$	2,870		$	76,482		$	—		$	8,247		$	68,235
Agency collateralized mortgage obligations			120,494			(2,767)			117,727			—			11,735			105,992
States and political subdivisions			6,226			(8)			6,218			—			592			5,626
		$	200,332		$	95		$	200,427		$	—		$	20,574		$	179,853


		December 31, 2022
								Amortized			Gross			Gross
		Amortized			Fair Value			Carrying			Unrealized			Unrealized			Fair
		Cost			Adjustment			Value			Gains			Losses			Value

		(In Thousands)
HELD-TO-MATURITY SECURITIES:
Agency mortgage-backed securities		$	73,891		$	3,015		$	76,906		$	—		$	9,820		$	67,086
Agency collateralized mortgage obligations			122,247			(2,885)			119,362			—			14,129			105,233
States and political subdivisions			6,239			(12)			6,227			—			781			5,446

		$	202,377		$	118		$	202,495		$	—		$	24,730		$	177,765

Schedule of amortized cost and fair value of available-for-sale and held-to-maturity securities by contractual maturity


		Available-for-Sale						Held-to-Maturity
		Amortized			Fair			Amortized			Fair
		Cost			Value			Carrying Value			Value

		(In Thousands)
One year or less		$	—		$	—		$	—		$	—
After one through two years			—			—			—			—
After two through three years			—			—			—			—
After three through four years			245			246			—			—
After four through five years			927			952			—			—
After five through fifteen years			6,390			6,200			3,251			2,952
After fifteen years			51,971			50,508			2,967			2,674
Securities not due on a single maturity date			487,247			435,424			194,209			174,227
		$	546,780		$	493,330		$	200,427		$	179,853

Schedule of fair value and unrealized loss for available-for-sale securities and held-to-maturity securities


		March 31, 2023
		Less than 12 Months						12 Months or More						Total
		Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
Description of Securities		Value			Losses			Value			Losses			Value			Losses

		(In Thousands)
AVAILABLE-FOR-SALE SECURITIES:
Agency mortgage-backed securities		$	28,167		$	(2,019)		$	259,221		$	(34,064)		$	287,388		$	(36,083)
Agency collateralized mortgage obligations			20,534			(826)			59,226			(9,088)			79,760			(9,914)
States and political subdivisions securities			18,117			(597)			22,548			(1,409)			40,665			(2,006)
Small Business Administration securities			18,507			(1,245)			41,407			(4,713)			59,914			(5,958)
		$	85,325		$	(4,687)		$	382,402		$	(49,274)		$	467,727		$	(53,961)

HELD-TO-MATURITY SECURITIES:
Agency mortgage-backed securities		$	—		$	—		$	68,235		$	(8,247)		$	68,235		$	(8,247)
Agency collateralized mortgage obligations			—			—			105,992			(11,735)			105,992			(11,735)
States and political subdivisions securities			—			—			5,626			(592)			5,626			(592)
		$	—		$	—		$	179,853		$	(20,574)		$	179,853		$	(20,574)


		December 31, 2022
		Less than 12 Months						12 Months or More						Total
		Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
Description of Securities		Value			Losses			Value			Losses			Value			Losses

		(In Thousands)
AVAILABLE-FOR-SALE SECURITIES:
Agency mortgage-backed securities		$	221,562		$	(27,597)		$	64,918		$	(13,187)		$	286,480		$	(40,784)
Agency collateralized mortgage obligations			28,537			(3,262)			40,642			(8,469)			69,179			(11,731)
States and political subdivisions securities			60,473			(5,224)			7,667			(1,711)			68,140			(6,935)
Small Business Administration securities			44,455			(2,913)			3,753			(378)			48,208			(3,291)
		$	355,027		$	(38,996)		$	116,980		$	(23,745)		$	472,007		$	(62,741)

HELD-TO-MATURITY SECURITIES:
Agency mortgage-backed securities		$	59,218		$	(7,766)		$	7,868		$	(2,054)		$	67,086		$	(9,820)
Agency collateralized mortgage obligations			61,055			(6,411)			44,178			(7,718)			105,233			(14,129)
States and political subdivisions securities			900			(101)			4,546			(680)			5,446			(781)
		$	121,173		$	(14,278)		$	56,592		$	(10,452)		$	177,765		$	(24,730)