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Investment Securities (Tables)

6 Months Ended

Jun. 30, 2025

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and fair value of securities

Fair value of equity securities with readily determinable fair values at June 30, 2025 and December 31, 2024, are as follows:

(In thousands)			Fair Value at Beginning of Period												Gains (Losses)						Fair Value at End of Period
Six Months Ended June 30, 2025
CRA Mutual Fund			$	919											$	17					$	936
Twelve Months Ended December 31, 2024
CRA Mutual Fund			$	928											$	(9)					$	919

Amortized cost and fair value of investment securities were as follows:

(In thousands)			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Value
June 30, 2025
Available for Sale
U.S. Government and agencies			$	152,825					$	—					$	12,208					$	140,617
Collateralized mortgage obligations			56,710						199						2,831						54,078
Residential mortgage-backed securities			166,513						179						16,121						150,571
Commercial mortgage-backed securities			84,619						435						4,255						80,799
Corporate bonds			30,840						165						1,753						29,252
			$	491,507					$	978					$	37,168					$	455,317
Held to Maturity
State and municipal			$	63,100					$	—					$	8,042					$	55,058
Residential mortgage-backed securities			1,405						—						43						1,362
			$	64,505					$	—					$	8,085					$	56,420
December 31, 2024
Available for Sale
U.S. Government and agencies			$	159,799					$	—					$	16,606					$	143,193
Collateralized mortgage obligations			39,540						—						3,886						35,654
Residential mortgage-backed securities			159,349						2						20,811						138,540
Commercial mortgage-backed securities			65,350						—						4,565						60,785
Corporate bonds			17,600						—						1,797						15,803
			$	441,638					$	2					$	47,665					$	393,975
Held to Maturity
State and municipal			$	62,838					$	—					$	7,586					$	55,252
Residential mortgage-backed securities			1,740						—						68						1,672
			$	64,578					$	—					$	7,654					$	56,924

Schedule of unrealized losses and fair value

The following table shows the Corporation’s investments’ 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, at June 30, 2025, and December 31, 2024:

			Less than 12 Months												12 Months or More												Total
(In thousands)			Fair Value						Unrealized Losses						Fair Value						Unrealized Losses						Fair Value						Unrealized Losses
June 30, 2025
Available for Sale
U.S. Government and agencies			$	—					$	—					$	140,617					$	12,208					$	140,617					$	12,208
Collateralized mortgage obligations			5,511						54						34,051						2,777						39,562						2,831
Residential mortgage-backed securities			—						—						131,192						16,121						131,192						16,121
Commercial mortgage-backed securities			8,879						13						28,627						4,242						37,506						4,255
Corporate bonds			—						—						14,347						1,753						14,347						1,753
			$	14,390					$	67					$	348,834					$	37,101					$	363,224					$	37,168
Held to Maturity
State and municipal			$	—					$	—					$	55,058					$	8,042					$	55,058					$	8,042
Residential mortgage-backed securities			—						—						1,362						43						1,362						43
			$	—					$	—					$	56,420					$	8,085					$	56,420					$	8,085
December 31, 2024
Available for Sale
U.S. Government and agencies			$	—					$	—					$	143,193					$	16,606					$	143,193					$	16,606
Collateralized mortgage obligations			—						—						35,654						3,886						35,654						3,886
Residential mortgage-backed securities			2,692						26						135,626						20,785						138,318						20,811
Commercial mortgage-backed securities			31,860						73						28,925						4,492						60,785						4,565
Corporate bonds			—						—						15,803						1,797						15,803						1,797
			$	34,552					$	99					$	359,201					$	47,566					$	393,753					$	47,665
Held to Maturity
State and municipal			$	—					$	—					$	55,252					$	7,586					$	55,252					$	7,586
Residential mortgage-backed securities			—						—						1,672						68						1,672						68
			$	—					$	—					$	56,924					$	7,654					$	56,924					$	7,654

Schedule of amortized cost and fair value by contractual maturity

Amortized cost and fair value at June 30, 2025, by contractual maturity, where applicable, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay with or without penalties. Securities not due at a single maturity date are shown separately.

			Available for Sale												Held to Maturity
(In thousands)			Amortized Cost						Fair Value						Amortized Cost						Fair Value
1 year or less			$	12,824					$	12,692					$	400					$	391
Over 1 year through 5 years			112,306						105,199						3,781						3,442
Over 5 years through 10 years			56,535						50,437						32,700						30,933
Over 10 years			2,000						1,542						26,218						20,292
Mortgage-backed securities			307,842						285,447						1,406						1,362
			$	491,507					$	455,317					$	64,505					$	56,420

Gain (Loss) on Securities

The proceeds from sales and calls of securities and the associated gains and losses are listed below:

			Three Months Ended June 30,												Six Months Ended June 30,
(In thousands)			2025						2024						2025						2024
Proceeds from sales			$	389					$	—					$	98,272					$	14,336
Proceeds from calls			11,822						—						12,322						1,984
Gross gains			56						—						56						87
Gross losses			34						—						34						18

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Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset.

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