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INVESTMENT SECURITIES (Tables)

9 Months Ended

Sep. 30, 2025

INVESTMENT SECURITIES

Schedule of amortized cost and fair values of securities


		September 30, 2025
					Gross			Gross
		Amortized			Unrealized			Unrealized			Fair
		Cost			Gains			Losses			Value

		(In Thousands)
AVAILABLE-FOR-SALE SECURITIES:
Agency mortgage-backed securities		$	331,285		$	668		$	27,308		$	304,645
Agency collateralized mortgage obligations			121,636			927			6,550			116,013
States and political subdivisions			56,639			156			3,049			53,746
Small Business Administration securities			62,433			19			5,508			56,944
		$	571,993		$	1,770		$	42,415		$	531,348


		September 30, 2025
								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		$	70,036		$	1,450		$	71,486		$	—		$	6,086		$	65,400
Agency collateralized mortgage obligations			105,632			(1,926)			103,706			—			11,080			92,626
States and political subdivisions			6,099			24			6,123			—			560			5,563
		$	181,767		$	(452)		$	181,315		$	—		$	17,726		$	163,589


		December 31, 2024
					Gross			Gross
		Amortized			Unrealized			Unrealized			Fair
		Cost			Gains			Losses			Value

		(In Thousands)
AVAILABLE-FOR-SALE SECURITIES:
Agency mortgage-backed securities		$	346,712		$	69		$	40,874		$	305,907
Agency collateralized mortgage obligations			123,395			—			9,771			113,624
States and political subdivisions securities			58,608			69			2,729			55,948
Small Business Administration securities			65,849			—			7,955			57,894
		$	594,564		$	138		$	61,329		$	533,373


		December 31, 2024
								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		$	71,065		$	1,864		$	72,929		$	—		$	8,523		$	64,406
Agency collateralized mortgage obligations			110,493			(2,140)			108,353			—			15,495			92,858
States and political subdivisions			6,137			14			6,151			—			650			5,501
		$	187,695		$	(262)		$	187,433		$	—		$	24,668		$	162,765

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			245			246			—			—
After two through three years			1,012			1,025			—			—
After three through four years			—			—			—			—
After four through five years			—			—			1,052			994
After five through fifteen years			22,107			21,111			4,564			4,146
After fifteen years			33,275			31,364			507			423
Securities not due on a single maturity date			515,354			477,602			175,192			158,026
		$	571,993		$	531,348		$	181,315		$	163,589

Schedule of gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position


		September 30, 2025
		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		$	3,274		$	(11)		$	245,989		$	(27,297)		$	249,263		$	(27,308)
Agency collateralized mortgage obligations			—			—			71,782			(6,550)			71,782			(6,550)
States and political subdivisions securities			5,068			(247)			42,155			(2,802)			47,223			(3,049)
Small Business Administration securities			—			—			49,763			(5,508)			49,763			(5,508)
		$	8,342		$	(258)		$	409,689		$	(42,157)		$	418,031		$	(42,415)

HELD-TO-MATURITY SECURITIES:
Agency mortgage-backed securities		$	—		$	—		$	65,400		$	(6,086)		$	65,400		$	(6,086)
Agency collateralized mortgage obligations			—			—			92,626			(11,080)			92,626			(11,080)
States and political subdivisions securities			—			—			5,563			(560)			5,563			(560)
		$	—		$	—		$	163,589		$	(17,726)		$	163,589		$	(17,726)


		December 31, 2024
		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		$	45,977		$	(1,008)		$	253,971		$	(39,866)		$	299,948		$	(40,874)
Agency collateralized mortgage obligations			50,720			(890)			62,903			(8,881)			113,623			(9,771)
States and political subdivisions securities			7,229			(270)			50,665			(7,685)			57,894			(7,955)
Small Business Administration securities			14,523			(343)			37,945			(2,386)			52,468			(2,729)
		$	118,449		$	(2,511)		$	405,484		$	(58,818)		$	523,933		$	(61,329)

HELD-TO-MATURITY SECURITIES:
Agency mortgage-backed securities		$	—		$	—		$	64,406		$	(8,523)		$	64,406		$	(8,523)
Agency collateralized mortgage obligations			—			—			92,858			(15,495)			92,858			(15,495)
States and political subdivisions securities			—			—			5,501			(650)			5,501			(650)
		$	—		$	—		$	162,765		$	(24,668)		$	162,765		$	(24,668)