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Securities (Tables)
3 Months Ended
Mar. 31, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Debt Securities, Available-for-Sale
Securities available for sale (“AFS”) consist of the following:
Amortized
Cost
Unrealized
GainsLossesFair Value
(In thousands)
March 31, 2026
U.S. agency$7,678 $$428 $7,251 
U.S. agency residential mortgage-backed92,239 155 6,906 85,488 
U.S. agency commercial mortgage-backed7,846 — 879 6,967 
Private label mortgage-backed39,248 239 2,380 37,107 
Other asset backed29,357 29 447 28,939 
Obligations of states and political subdivisions316,538 42,979 273,560 
Corporate43,775 1,777 41,999 
Trust preferred991 — 984 
Total$537,672 $426 $55,803 $482,295 
   
December 31, 2025   
U.S. agency$8,320 $$404 $7,917 
U.S. agency residential mortgage-backed87,435 136 6,506 81,065 
U.S. agency commercial mortgage-backed8,039 — 853 7,186 
Private label mortgage-backed42,689 260 2,443 40,506 
Other asset backed30,633 31 479 30,185 
Obligations of states and political subdivisions319,402 — 39,000 280,402 
Corporate49,355 1,696 47,661 
Trust preferred990 — 987 
Total$546,863 $430 $51,384 $495,909 
Schedule of Debt Securities, Held-to-Maturity
Securities held to maturity (“HTM”) consist of the following:
Carrying
Value
Transferred
Unrealized
Loss (1)
ACLAmortized
Cost
Unrecognized
Fair Value
GainsLosses
(In thousands)
March 31, 2026
U.S. agency$22,254 $1,191 $— $23,445 $— $3,776 $19,669 
U.S. agency residential mortgage-backed91,271 7,475 — 98,746 — 19,885 78,861 
U.S. agency commercial mortgage-backed3,566 52 — 3,618 — 246 3,372 
Private label mortgage-backed7,274 55 7,331 — 231 7,100 
Obligations of states and political subdivisions147,326 3,370 19 150,715 21 16,175 134,561 
Corporate28,357 85 67 28,509 — 1,620 26,889 
Trust preferred959 37 1,000 — — 1,000 
Total$301,007 $12,265 $92 $313,364 $21 $41,933 $271,452 
December 31, 2025
U.S. agency$22,446 $1,220 $— $23,666 $— $3,833 $19,833 
U.S. agency residential mortgage-backed92,900 7,688 — 100,588 — 19,337 81,251 
U.S. agency commercial mortgage-backed3,734 62 — 3,796 — 249 3,547 
Private label mortgage-backed7,294 80 7,376 — 272 7,104 
Obligations of states and political subdivisions149,915 3,717 19 153,651 36 14,278 139,409 
Corporate32,276 177 67 32,520 — 1,834 30,686 
Trust preferred958 38 1,000 — — 1,000 
Total$309,523 $12,982 $92 $322,597 $36 $39,803 $282,830 
(1)Represents the remaining unrealized loss to be accreted on securities that were transferred from AFS to HTM on April 1, 2022.
Schedule of Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value
Our investments' gross unrealized losses and fair values for securities AFS aggregated by investment type and length of time that individual securities have been at a continuous unrealized loss position follows:
Less Than Twelve MonthsTwelve Months or MoreTotal
Fair ValueUnrealized
Losses
Fair ValueUnrealized
Losses
Fair ValueUnrealized
Losses
(In thousands)
March 31, 2026
U.S. agency$953 $$6,238 $426 $7,191 $428 
U.S. agency residential mortgage-backed17,066 151 47,360 6,755 64,426 6,906 
U.S. agency commercial mortgage-backed— — 6,967 879 6,967 879 
Private label mortgage-backed103 — 36,327 2,380 36,430 2,380 
Other asset backed147 — 24,473 447 24,620 447 
Obligations of states and political subdivisions— — 273,059 42,979 273,059 42,979 
Corporate4,365 37,469 1,772 41,834 1,777 
Trust preferred— — 984 984 
Total$22,634 $158 $432,877 $55,645 $455,511 $55,803 
December 31, 2025
U.S. agency$972 $$6,884 $403 $7,856 $404 
U.S. agency residential mortgage-backed6,931 49,103 6,501 56,034 6,506 
U.S. agency commercial mortgage-backed— — 7,186 853 7,186 853 
Private label mortgage-backed— — 39,234 2,443 39,234 2,443 
Other asset backed1,392 24,417 476 25,809 479 
Obligations of states and political subdivisions156 280,246 38,991 280,402 39,000 
Corporate— — 45,986 1,696 45,986 1,696 
Trust preferred— — 987 987 
Total$9,451 $18 $454,043 $51,366 $463,494 $51,384 
Schedule of Debt Securities, Held-to-Maturity, Credit Quality The carrying value of securities HTM aggregated by credit quality follow:
Private
Label
Mortgage-
Backed
Obligations
of States
and Political
Subdivisions
CorporateTrust
Preferred
Carrying
Value
Total
(In thousands)
March 31, 2026
Credit rating:
AAA$7,274 $17,123 $— $— $24,397 
AA— 113,899 — — 113,899 
A— 2,745 3,494 — 6,239 
BBB— 440 19,890 — 20,330 
BB
— — 1,988 — 1,988 
Non-rated— 13,119 2,985 959 17,063 
Total$7,274 $147,326 $28,357 $959 $183,916 
December 31, 2025
Credit rating:
AAA$7,294 $17,357 $— $— $24,651 
AA— 116,264 — — 116,264 
A— 2,740 3,500 — 6,240 
BBB— 441 23,814 — 24,255 
BB— — 1,983 — 1,983 
Non-rated— 13,113 2,979 958 17,050 
Total$7,294 $149,915 $32,276 $958 $190,443 
Schedule of Debt Securities, Held-to-Maturity, Allowance for Credit Loss
An analysis of the allowance for credit losses by security HTM type for the three months ended March 31 follows:
Private
Label
Mortgage-
Backed
Obligations
of States
and Political
Subdivisions
CorporateTrust
Preferred
Total
(In thousands)
2026
Balance at beginning of period$$19 $67 $$92 
Additions (deductions)
Provision for credit losses— — — — — 
Recoveries credited to the allowance— — — — — 
Securities HTM charged against the allowance— — — — — 
Balance at end of period$$19 $67 $$92 
2025
Balance at beginning of period$$17 $111 $$132 
Additions (deductions)
Provision for credit losses— — (3)— (3)
Recoveries credited to the allowance— — — — — 
Securities HTM charged against the allowance— — — — — 
Balance at end of period$$17 $108 $$129 
Schedule of Investments Classified by Contractual Maturity Date
The amortized cost and fair value of securities AFS and securities HTM at March 31, 2026, by contractual maturity, follow:
Securities AFSSecurities HTM
Amortized
Cost
Fair
Value
Amortized
Cost
Fair
Value
(In thousands)
Maturing within one year$24,563 $24,262 $15,651 $15,489 
Maturing after one year but within five years116,871 110,741 42,376 40,399 
Maturing after five years but within ten years41,501 36,829 82,603 73,956 
Maturing after ten years186,047 151,962 63,039 52,275 
368,982 323,794 203,669 182,119 
U.S. agency residential mortgage-backed92,239 85,488 98,746 78,861 
U.S. agency commercial mortgage-backed7,846 6,967 3,618 3,372 
Private label mortgage-backed39,248 37,107 7,331 7,100 
Other asset backed29,357 28,939 — — 
Total$537,672 $482,295 $313,364 $271,452 
Schedule of Gains and Losses Realized on Sale of Securities Available for Sale A summary of proceeds from the sale of securities AFS and gains and losses for the three month periods ending March 31, follows:
Realized
ProceedsGainsLosses
(In thousands)
2026$3,256 $— $26 
202522,503 331