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INVESTMENT SECURITIES (Tables)

3 Months Ended

Mar. 31, 2026

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 March 31, 2026 and December 31, 2025 follows:


		March 31, 2026
						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		$	219,838			$	—			$	(33,257	)		$	—			$	186,581
Mortgage-backed securities–residential			526,784				1,055				(36,071	)			—				491,768
SBA pool securities			18,640				—				(2,220	)			—				16,420
Corporate bond			15,500				178				(401	)			—				15,277
Total securities available for sale		$	780,762			$	1,233			$	(71,949	)		$	—			$	710,046
Securities Held to Maturity:
U.S. government-sponsored agencies		$	25,000			$	—			$	(1,104	)		$	—			$	23,896
Mortgage-backed securities–residential			54,478				—				(7,537	)			—				46,941
Total securities held to maturity		$	79,478			$	—			$	(8,641	)		$	—			$	70,837


		December 31, 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		$	244,833			$	—			$	(33,610	)		$	—			$	211,223
Mortgage-backed securities–residential			561,794				3,551				(34,980	)			—				530,365
SBA pool securities			19,345				—				(2,133	)			—				17,212
Corporate bond			15,500				250				(347	)			—				15,403
Total securities available for sale		$	841,472			$	3,801			$	(71,070	)		$	—			$	774,203
Securities Held to Maturity:
U.S. government-sponsored agencies		$	40,000			$	—			$	(1,125	)		$	—			$	38,875
Mortgage-backed securities–residential			55,862				23				(7,269	)			—				48,616
Total securities held to maturity		$	95,862			$	23			$	(8,394	)		$	—			$	87,491

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 three months ended March 31, 2026. There were no sales of securities for the three months ended March 31, 2025.


		Three Months Ended
(In thousands)		March 31, 2026
Proceeds from sales		$	97,019
Gross losses			(81	)
Net tax expense			22

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 March 31, 2026 and December 31, 2025.


		March 31, 2026
		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		$	—			$	—			$	186,581			$	(33,257	)		$	186,581			$	(33,257	)
Mortgage-backed securities residential			96,065				(995	)			189,965				(35,076	)			286,030				(36,071	)
SBA pool securities			—				—				16,420				(2,220	)			16,420				(2,220	)
Corporate bond			—				—				9,599				(401	)			9,599				(401	)
Total securities available for sale		$	96,065			$	(995	)		$	402,565			$	(70,954	)		$	498,630			$	(71,949	)
Securities Held to Maturity:
U.S. government-sponsored agencies		$	—			$	—			$	23,896			$	(1,104	)		$	23,896			$	(1,104	)
Mortgage-backed securities residential			4,334				(25	)			42,607				(7,512	)			46,941				(7,537	)
Total securities held to maturity		$	4,334			$	(25	)		$	66,503			$	(8,616	)		$	70,837			$	(8,641	)
Total securities		$	100,399			$	(1,020	)		$	469,068			$	(79,570	)		$	569,467			$	(80,590	)


		December 31, 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		$	—			$	—			$	211,223			$	(33,610	)		$	211,223			$	(33,610	)
Mortgage-backed securities residential			42,035				(79	)			205,749				(34,901	)			247,784				(34,980	)
SBA pool securities			—				—				17,212				(2,133	)			17,212				(2,133	)
Corporate bond			—				—				9,652				(347	)			9,652				(347	)
Total securities available for sale		$	42,035			$	(79	)		$	443,836			$	(70,991	)		$	485,871			$	(71,070	)
Securities Held to Maturity:
U.S. government-sponsored agencies		$	—			$	—			$	38,875			$	(1,125	)		$	38,875			$	(1,125	)
Mortgage-backed securities residential			—				—				43,737				(7,269	)			43,737				(7,269	)
Total securities held to maturity		$	—			$	—			$	82,612			$	(8,394	)		$	82,612			$	(8,394	)
Total securities		$	42,035			$	(79	)		$	526,448			$	(79,385	)		$	568,483			$	(79,464	)