XML 38 R32.htm IDEA: XBRL DOCUMENT v3.25.3
Securities (Tables)
 9 Months Ended
Sep. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-sale Securities

The amortized cost and fair value of securities available-for-sale and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income were as follows:

 

 

As of September 30, 2025

 

 

 

Amortized Cost

 

 

Gross
Unrealized Gains

 

 

Gross
Unrealized Losses

 

 

Fair Value

 

 

 

(In Thousands)

 

Available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasuries

 

$

4,994

 

 

$

—

 

 

$

(132

)

 

$

4,862

 

U.S. government agency securities - government-sponsored
   enterprises

 

 

2,500

 

 

 

—

 

 

 

(207

)

 

 

2,293

 

Municipal securities

 

 

47,097

 

 

 

219

 

 

 

(4,129

)

 

 

43,187

 

Residential mortgage-backed securities - government issued

 

 

157,232

 

 

 

1,253

 

 

 

(1,691

)

 

 

156,794

 

Residential mortgage-backed securities - government-sponsored
   enterprises

 

 

169,179

 

 

 

717

 

 

 

(7,678

)

 

 

162,218

 

Commercial mortgage-backed securities - government issued

 

 

2,469

 

 

 

—

 

 

 

(347

)

 

 

2,122

 

Commercial mortgage-backed securities - government-sponsored
   enterprises

 

 

42,510

 

 

 

67

 

 

 

(2,942

)

 

 

39,635

 

 

 

$

425,981

 

 

$

2,256

 

 

$

(17,126

)

 

$

411,111

 

 

 

 

As of December 31, 2024

 

 

 

Amortized Cost

 

 

Gross
Unrealized Gains

 

 

Gross
Unrealized Losses

 

 

Fair Value

 

 

 

(In Thousands)

 

Available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasuries

 

$

4,989

 

 

$

—

 

 

$

(271

)

 

$

4,718

 

U.S. government agency securities - government-sponsored
   enterprises

 

 

3,500

 

 

 

—

 

 

 

(347

)

 

 

3,153

 

Municipal securities

 

 

39,997

 

 

 

—

 

 

 

(5,136

)

 

 

34,861

 

Residential mortgage-backed securities - government issued

 

 

125,571

 

 

 

470

 

 

 

(2,818

)

 

 

123,223

 

Residential mortgage-backed securities - government-sponsored
   enterprises

 

 

145,888

 

 

 

234

 

 

 

(11,357

)

 

 

134,765

 

Commercial mortgage-backed securities - government issued

 

 

2,665

 

 

 

—

 

 

 

(441

)

 

 

2,224

 

Commercial mortgage-backed securities - government-sponsored
   enterprises

 

 

43,033

 

 

 

24

 

 

 

(4,609

)

 

 

38,448

 

 

 

$

365,643

 

 

$

728

 

 

$

(24,979

)

 

$

341,392

 
Schedule of Held-to-maturity Securities

The amortized cost and fair value of securities held-to-maturity and the corresponding amounts of gross unrecognized gains and losses were as follows:

 

 

As of September 30, 2025

 

 

 

Amortized Cost

 

 

Gross
Unrecognized Gains

 

 

Gross
Unrecognized Losses

 

 

Fair Value

 

 

 

(In Thousands)

 

Held-to-maturity:

 

 

 

 

 

 

 

 

 

 

 

 

Municipal securities

 

$

2,396

 

 

$

1

 

 

$

(3

)

 

$

2,394

 

Residential mortgage-backed securities - government issued

 

 

614

 

 

 

—

 

 

 

(30

)

 

 

584

 

Residential mortgage-backed securities - government-sponsored
   enterprises

 

 

573

 

 

 

—

 

 

 

(22

)

 

 

551

 

Commercial mortgage-backed securities - government-sponsored
   enterprises

 

 

2,001

 

 

 

—

 

 

 

(29

)

 

 

1,972

 

 

 

$

5,584

 

 

$

1

 

 

$

(84

)

 

$

5,501

 

 

 

 

 

As of December 31, 2024

 

 

 

Amortized Cost

 

 

Gross
Unrecognized Gains

 

 

Gross
Unrecognized Losses

 

 

Fair Value

 

 

 

(In Thousands)

 

Held-to-maturity:

 

 

 

 

 

 

 

 

 

 

 

 

Municipal securities

 

$

3,137

 

 

$

—

 

 

$

(38

)

 

$

3,099

 

Residential mortgage-backed securities - government issued

 

 

836

 

 

 

—

 

 

 

(48

)

 

 

788

 

Residential mortgage-backed securities - government-sponsored
   enterprises

 

 

766

 

 

 

—

 

 

 

(42

)

 

 

724

 

Commercial mortgage-backed securities - government-sponsored
   enterprises

 

 

2,002

 

 

 

—

 

 

 

(78

)

 

 

1,924

 

 

 

$

6,741

 

 

$

—

 

 

$

(206

)

 

$

6,535

 
Summary of Amortized Cost and Fair Value by Contractual Maturity

The amortized cost and fair value of securities by contractual maturity at September 30, 2025 are shown below. Actual maturities may differ from contractual maturities because issuers have the right to call or prepay certain obligations with or without call or prepayment penalties.

 

 

Available-for-Sale

 

 

Held-to-Maturity

 

 

 

Amortized Cost

 

 

Fair Value

 

 

Amortized Cost

 

 

Fair Value

 

 

 

(In Thousands)

 

Due in one year or less

 

$

942

 

 

$

933

 

 

$

535

 

 

$

534

 

Due in one year through five years

 

 

17,100

 

 

 

16,407

 

 

 

1,861

 

 

 

1,860

 

Due in five through ten years

 

 

10,506

 

 

 

9,811

 

 

 

—

 

 

 

—

 

Due in over ten years

 

 

26,043

 

 

 

23,191

 

 

 

—

 

 

 

—

 

 

 

 

54,591

 

 

 

50,342

 

 

 

2,396

 

 

 

2,394

 

Residential mortgage-backed securities

 

 

326,411

 

 

 

319,012

 

 

 

1,187

 

 

 

1,135

 

Commercial mortgage-backed securities

 

 

44,979

 

 

 

41,757

 

 

 

2,001

 

 

 

1,972

 

 

 

$

425,981

 

 

$

411,111

 

 

$

5,584

 

 

$

5,501

 

 
Summary of Unrealized Loss for Securities Available-For-Sale

A summary of unrealized loss information for securities available-for-sale, categorized by security type and length of time for which the security has been in a continuous unrealized loss position, follows:

 

 

As of September 30, 2025

 

 

 

Less than 12 Months

 

 

12 Months or Longer

 

 

Total

 

 

 

Fair Value

 

 

Unrealized
Losses

 

 

Fair Value

 

 

Unrealized
Losses

 

 

Fair Value

 

 

Unrealized
Losses

 

 

 

(In Thousands)

 

Available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasuries

 

$

—

 

 

$

—

 

 

$

4,862

 

 

$

132

 

 

$

4,862

 

 

$

132

 

U.S. government agency securities - government-
   sponsored enterprises

 

 

—

 

 

 

—

 

 

 

2,293

 

 

 

207

 

 

 

2,293

 

 

 

207

 

Municipal securities

 

 

—

 

 

 

—

 

 

 

34,059

 

 

 

4,129

 

 

 

34,059

 

 

 

4,129

 

Residential mortgage-backed securities -
   government issued

 

 

16,515

 

 

 

58

 

 

 

17,872

 

 

 

1,633

 

 

 

34,387

 

 

 

1,691

 

Residential mortgage-backed securities -
   government-sponsored enterprises

 

 

18,277

 

 

 

120

 

 

 

69,450

 

 

 

7,558

 

 

 

87,727

 

 

 

7,678

 

Commercial mortgage-backed securities -
   government issued

 

 

—

 

 

 

—

 

 

 

2,122

 

 

 

347

 

 

 

2,122

 

 

 

347

 

Commercial mortgage-backed securities -
   government-sponsored enterprises

 

 

5,963

 

 

 

54

 

 

 

27,531

 

 

 

2,888

 

 

 

33,494

 

 

 

2,942

 

 

 

$

40,755

 

 

$

232

 

 

$

158,189

 

 

$

16,894

 

 

$

198,944

 

 

$

17,126

 

 

 

 

As of December 31, 2024

 

 

 

Less than 12 Months

 

 

12 Months or Longer

 

 

Total

 

 

 

Fair Value

 

 

Unrealized
Losses

 

 

Fair Value

 

 

Unrealized
Losses

 

 

Fair Value

 

 

Unrealized
Losses

 

 

 

(In Thousands)

 

Available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasuries

 

$

—

 

 

$

—

 

 

$

4,718

 

 

$

271

 

 

$

4,718

 

 

$

271

 

U.S. government agency securities - government-
   sponsored enterprises

 

 

—

 

 

 

—

 

 

 

3,153

 

 

 

347

 

 

 

3,153

 

 

 

347

 

Municipal securities

 

 

—

 

 

 

—

 

 

 

34,861

 

 

 

5,136

 

 

 

34,861

 

 

 

5,136

 

Residential mortgage-backed securities -
   government issued

 

 

40,320

 

 

 

374

 

 

 

18,999

 

 

 

2,444

 

 

 

59,319

 

 

 

2,818

 

Residential mortgage-backed securities -
   government-sponsored enterprises

 

 

43,907

 

 

 

995

 

 

 

71,103

 

 

 

10,362

 

 

 

115,010

 

 

 

11,357

 

Commercial mortgage-backed securities -
   government issued

 

 

—

 

 

 

—

 

 

 

2,224

 

 

 

441

 

 

 

2,224

 

 

 

441

 

Commercial mortgage-backed securities -
   government-sponsored enterprises

 

 

10,717

 

 

 

425

 

 

 

26,751

 

 

 

4,184

 

 

 

37,468

 

 

 

4,609

 

 

 

$

94,944

 

 

$

1,794

 

 

$

161,809

 

 

$

23,185

 

 

$

256,753

 

 

$

24,979

 

 
Summary of Unrecognized Loss for Securities Held-To-Maturity

A summary of unrecognized loss information for securities held-to-maturity, categorized by security type and length of time for which the security has been in a continuous unrealized loss position, follows:

 

 

As of September 30, 2025

 

 

Less than 12 Months

 

12 Months or Longer

 

Total

 

 

Fair Value

 

Unrecognized
Losses

 

Fair Value

 

Unrecognized
Losses

 

Fair Value

 

Unrecognized
Losses

 

 

(In Thousands)

Held-to-maturity:

 

 

 

 

 

 

 

 

 

 

 

 

Municipal securities

 

$500

 

$—

 

$680

 

$3

 

$1,180

 

$3

Residential mortgage-backed securities -
   government issued

 

—

 

—

 

584

 

30

 

584

 

30

Residential mortgage-backed securities -
   government-sponsored enterprises

 

—

 

—

 

551

 

22

 

551

 

22

Commercial mortgage-backed securities -
   government-sponsored enterprises

 

—

 

—

 

1,972

 

29

 

1,972

 

29

 

 

$500

 

$—

 

$3,787

 

$84

 

$4,287

 

$84

 

 

 

As of December 31, 2024

 

 

Less than 12 Months

 

12 Months or Longer

 

Total

 

 

Fair Value

 

Unrecognized
Losses

 

Fair Value

 

Unrecognized
Losses

 

Fair Value

 

Unrecognized
Losses

 

 

(In Thousands)

Held-to-maturity:

 

 

 

 

 

 

 

 

 

 

 

 

Municipal securities

 

$454

 

$5

 

$2,139

 

$33

 

$2,593

 

$38

Residential mortgage-backed securities -
   government issued

 

—

 

—

 

788

 

48

 

788

 

48

Residential mortgage-backed securities -
   government-sponsored enterprises

 

—

 

—

 

724

 

42

 

724

 

42

Commercial mortgage-backed securities -
   government-sponsored enterprises

 

—

 

—

 

1,924

 

78

 

1,924

 

78

 

 

$454

 

$5

 

$5,575

 

$201

 

$6,029

 

$206