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Investment Securities (Tables)

9 Months Ended

Sep. 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 September 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
Nine Months Ended September 30, 2025
CRA Mutual Fund			$	919											$	26					$	945
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
September 30, 2025
Available for Sale
U.S. Government and agencies			$	148,469					$	—					$	10,696					$	137,773
Collateralized mortgage obligations			54,782						182						2,489						52,475
Residential mortgage-backed securities			163,697						381						14,270						149,808
Commercial mortgage-backed securities			93,389						800						3,957						90,232
State and municipal			4,066						—						28						4,038
Corporate bonds			28,856						309						1,274						27,891
			$	493,259					$	1,672					$	32,714					$	462,217
Held to Maturity
State and municipal			$	62,170					$	—					$	6,442					$	55,728
Residential mortgage-backed securities			1,238						—						34						1,204
			$	63,408					$	—					$	6,476					$	56,932
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 September 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
September 30, 2025
Available for Sale
U.S. Government and agencies			$	—					$	—					$	137,773					$	10,696					$	137,773					$	10,696
Collateralized mortgage obligations			4,538						31						33,012						2,458						37,550						2,489
Residential mortgage-backed securities			2,493						31						128,239						14,239						130,732						14,270
Commercial mortgage-backed securities			1,293						1						27,571						3,956						28,864						3,957
State and municipal			4,038						28						—						—						4,038						28
Corporate bonds			—						—						12,826						1,274						12,826						1,274
			$	12,362					$	91					$	339,421					$	32,623					$	351,783					$	32,714
Held to Maturity
State and municipal			$	—					$	—					$	55,728					$	6,442					$	55,728					$	6,442
Residential mortgage-backed securities			—						—						1,204						34						1,204						34
			$	—					$	—					$	56,932					$	6,476					$	56,932					$	6,476
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 September 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 below.

			Available for Sale												Held to Maturity
(In thousands)			Amortized Cost						Fair Value						Amortized Cost						Fair Value
1 year or less			$	8,756					$	8,720					$	400					$	393
Over 1 year through 5 years			135,684						128,082						4,640						4,320
Over 5 years through 10 years			32,885						28,863						37,322						35,153
Over 10 years			4,066						4,037						19,808						15,862
Mortgage-backed securities			311,868						292,515						1,238						1,204
			$	493,259					$	462,217					$	63,408					$	56,932

Gain (Loss) on Securities

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

			Three Months Ended September 30,												Nine Months Ended September 30,
(In thousands)			2025						2024						2025						2024
Proceeds from sales			$	—					$	—					$	98,272					$	14,336
Proceeds from calls			2,000						—						14,322						1,984
Gross gains			—						—						56						87
Gross losses			—						—						34						18

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