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INVESTMENT SECURITIES (Tables)

9 Months Ended

Sep. 30, 2025

Investment Securities Available For Sale [Abstract]

Schedule of Amortized Cost and Approximate Fair Value of Securities Available for Sale

A summary of amortized cost and approximate fair value of investment securities available for sale and held to maturity included in the Consolidated Statements of Condition as of September 30, 2025 and December 31, 2024 follows:


		September 30, 2025
						Gross				Gross				Allowance
		Amortized				Unrealized				Unrealized				for				Fair
(In thousands)		Cost				Gains				Losses				Credit Losses				Value
Securities Available for Sale:
U.S government-sponsored agencies		$	244,828			$	—			$	(35,524	)		$	—			$	209,304
Mortgage-backed securities–residential			547,769				3,325				(36,861	)			—				514,233
SBA pool securities			20,185				—				(2,361	)			—				17,824
Corporate bond			15,500				209				(492	)			—				15,217
Total securities available for sale		$	828,282			$	3,534			$	(75,238	)		$	—			$	756,578
Securities Held to Maturity:
U.S. government-sponsored agencies		$	40,000			$	—			$	(1,429	)		$	—			$	38,571
Mortgage-backed securities–residential			57,414				2				(7,728	)			—				49,688
Total securities held to maturity		$	97,414			$	2			$	(9,157	)		$	—			$	88,259


		December 31, 2024
						Gross				Gross				Allowance
		Amortized				Unrealized				Unrealized				for				Fair
(In thousands)		Cost				Gains				Losses				Credit Losses				Value
Securities Available for Sale:
U.S government-sponsored agencies		$	244,813			$	—			$	(47,899	)		$	—			$	196,914
Mortgage-backed securities–residential			595,789				1,086				(48,263	)			—				548,612
SBA pool securities			27,772				—				(3,290	)			—				24,482
Corporate bond			15,500				105				(1,069	)			—				14,536
Total securities available for sale		$	883,874			$	1,191			$	(100,521	)		$	—			$	784,544
Securities Held to Maturity:
U.S. government-sponsored agencies		$	40,000			$	—			$	(2,666	)		$	—			$	37,334
Mortgage-backed securities–residential			61,635				—				(10,319	)			—				51,316
Total securities held to maturity		$	101,635			$	—			$	(12,985	)		$	—			$	88,650

Summary of Gross Gains, Gross Losses and Net Tax Benefit Related to Proceeds on Sales of Securities Available for Sale

The following table presents a summary of the gross gains, gross losses and net tax expense related to proceeds on sales of securities available for sale for the nine months ended September 30, 2025. There were no sales of securities for the three months ended September 30, 2025 and the three and nine months ended September 30, 2024.


		Nine Months Ended
(In thousands)		Sept 30, 2025
Proceeds from sales		$	53,182
Gross gains			7
Net tax expense			(2	)

Schedule of Available for Sale Securities with Continuous Unrealized Losses and Approximate Fair Value of Investments

The following tables present the Company’s available for sale and held to maturity securities with continuous unrealized losses and the approximate fair value of these investments as of September 30, 2025 and December 31, 2024.


		September 30, 2025
		Duration of Unrealized Loss
		Less Than 12 Months								12 Months or Longer								Total
		Approximate								Approximate								Approximate
		Fair				Unrealized				Fair				Unrealized				Fair				Unrealized
(In thousands)		Value				Losses				Value				Losses				Value				Losses
Securities Available for Sale:
U.S. government-sponsored agencies		$	—			$	—			$	209,304			$	(35,524	)		$	209,304			$	(35,524	)
Mortgage-backed securities residential			4,673				(15	)			209,112				(36,846	)			213,785				(36,861	)
SBA pool securities			308				(2	)			17,516				(2,359	)			17,824				(2,361	)
Corporate bond			—				—				9,508				(492	)			9,508				(492	)
Total securities available for sale		$	4,981			$	(17	)		$	445,440			$	(75,221	)		$	450,421			$	(75,238	)
Securities Held to Maturity:
U.S. government-sponsored agencies		$	—			$	—			$	38,571			$	(1,429	)		$	38,571			$	(1,429	)
Mortgage-backed securities residential			—				—				47,948				(7,728	)			47,948				(7,728	)
Total securities held to maturity		$	—			$	—			$	86,519			$	(9,157	)		$	86,519			$	(9,157	)
Total securities		$	4,981			$	(17	)		$	531,959			$	(84,378	)		$	536,940			$	(84,395	)


		December 31, 2024
		Duration of Unrealized Loss
		Less Than 12 Months								12 Months or Longer								Total
		Approximate								Approximate								Approximate
		Fair				Unrealized				Fair				Unrealized				Fair				Unrealized
(In thousands)		Value				Losses				Value				Losses				Value				Losses
Securities Available for Sale:
U.S. government-sponsored agencies		$	—			$	—			$	196,914			$	(47,899	)		$	196,914			$	(47,899	)
Mortgage-backed securities residential			171,531				(2,063	)			216,735				(46,200	)			388,266				(48,263	)
SBA pool securities			4,861				(11	)			19,621				(3,279	)			24,482				(3,290	)
Corporate bond			—				—				8,931				(1,069	)			8,931				(1,069	)
Total securities available for sale		$	176,392			$	(2,074	)		$	442,201			$	(98,447	)		$	618,593			$	(100,521	)
Securities Held to Maturity:
U.S. government-sponsored agencies		$	—			$	—			$	37,334			$	(2,666	)		$	37,334			$	(2,666	)
Mortgage-backed securities residential			—				—				51,316				(10,319	)			51,316				(10,319	)
Total securities held to maturity		$	—			$	—			$	88,650			$	(12,985	)		$	88,650			$	(12,985	)
Total securities		$	176,392			$	(2,074	)		$	530,851			$	(111,432	)		$	707,243			$	(113,506	)