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Securities (Tables)

3 Months Ended

Mar. 31, 2025

Investments, Debt and Equity Securities [Abstract]

Amortized Cost and Fair Value of Securities with Gross Unrealized Gains and Losses

The amortized cost and fair value of securities, with gross unrealized gains and losses at March 31, 2025 and December 31, 2024, are as follows:

		(In Thousands)
		March 31, 2025
		Amortized				Gross Unrealized				Gross Unrealized				Fair
		Cost				Gains				Losses				Value
Available-for-Sale:
U.S. Treasury		$	111,090			$	28			$	(4,235	)		$	106,883
U.S. Government agencies			145,369				23				(7,687	)			137,705
Mortgage-backed securities			140,934				186				(10,242	)			130,878
State and local governments			66,639				32				(3,569	)			63,102
Total available-for-sale securities		$	464,032			$	269			$	(25,733	)		$	438,568

		(In Thousands)
		December 31, 2024
		Amortized				Gross Unrealized				Gross Unrealized				Fair
		Cost				Gains				Losses				Value
Available-for-Sale:
U.S. Treasury		$	111,397			$	17			$	(5,415	)		$	105,999
U.S. Government agencies			144,660				-				(9,494	)			135,166
Mortgage-backed securities			133,268				17				(12,654	)			120,631
State and local governments			69,159				28				(4,427	)			64,760
Total available-for-sale securities		$	458,484			$	62			$	(31,990	)		$	426,556

Gross Unrealized Losses, Aggregated by Investment Category and Length of Time

Information pertaining to securities with gross unrealized losses at March 31, 2025 and December 31, 2024, aggregated by investment category and length of time that individual securities have been in a continuous loss position follows:

		(In Thousands)
		March 31, 2025
		Less Than Twelve Months								Twelve Months & Over								Total
		Gross Unrealized				Fair				Gross Unrealized				Fair				Gross Unrealized				Fair
		Losses				Value				Losses				Value				Losses				Value
U.S. Treasury		$	(179	)		$	35,601			$	(4,056	)		$	62,680			$	(4,235	)		$	98,281
U.S. Government agencies			-				-				(7,687	)			131,113				(7,687	)			131,113
Mortgage-backed securities			(147	)			31,890				(10,095	)			66,396				(10,242	)			98,286
State and local governments			(99	)			6,316				(3,470	)			53,201				(3,569	)			59,517
Total available-for-sale securities		$	(425	)		$	73,807			$	(25,308	)		$	313,390			$	(25,733	)		$	387,197

		(In Thousands)
		December 31, 2024
		Less Than Twelve Months								Twelve Months & Over								Total
		Gross Unrealized				Fair				Gross Unrealized				Fair				Gross Unrealized				Fair
		Losses				Value				Losses				Value				Losses				Value
U.S. Treasury		$	(467	)		$	31,533			$	(4,948	)		$	62,151			$	(5,415	)		$	93,684
U.S. Government agencies			-				-				(9,494	)			131,335				(9,494	)			131,335
Mortgage-backed securities			(668	)			51,236				(11,986	)			66,877				(12,654	)			118,113
State and local governments			(224	)			8,631				(4,203	)			53,091				(4,427	)			61,722
Total available-for-sale securities		$	(1,359	)		$	91,400			$	(30,631	)		$	313,454			$	(31,990	)		$	404,854

Gross Realized Gains and Losses

gross realized gains or losses for the three months ended March 31, 2025 and March 31, 2024.N

Amortized Cost and Fair Value of Debt Securities, by Contractual Maturity

The amortized cost and fair value of debt securities at March 31, 2025, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

		(In Thousands)
		Amortized
		Cost				Fair Value
One year or less		$	61,107			$	60,144
After one year through five years			244,691				231,222
After five years through ten years			16,791				15,829
After ten years			509				495
Total		$	323,098			$	307,690
Mortgage-backed securities			140,934				130,878
Total		$	464,032			$	438,568

X

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479081/326-30-55-8

Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-6

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479106/326-30-50-4

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Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

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Tabular disclosure of realized gains and losses on investments reported in the statement of income.

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Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value.

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