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Investment Securities (Tables)

6 Months Ended

Jun. 30, 2025

Investment Securities

Schedule of investment securities


					Gross			Gross
		Amortized			Unrealized			Unrealized			Fair
(In thousands)		Cost			Gains			Losses			Value

June 30, 2025
Securities available for sale:
Agency mortgage-backed securities		$	75,848		$	28		$	6,351		$	69,525
Agency CMO			71,999			445			240			72,204
Agency notes and bonds			109,830			17			2,833			107,014
Treasury notes and bonds			8,858			—			74			8,784
Municipal obligations			154,170			253			16,361			138,062

Total securities available for sale		$	420,705		$	743		$	25,859		$	395,589

Securities held to maturity:
Other debt securities:
Corporate notes		$	7,000		$	—		$	1,757		$	5,243

Total securities held to maturity		$	7,000		$	—		$	1,757		$	5,243

December 31, 2024
Securities available for sale:
Agency mortgage-backed securities		$	76,295		$	—		$	8,354		$	67,941
Agency CMO			47,821			197			500			47,518
Agency notes and bonds			122,834			6			4,760			118,080
Treasury notes and bonds			21,803			—			254			21,549
Municipal obligations			150,182			171			16,198			134,155

Total securities available for sale		$	418,935		$	374		$	30,066		$	389,243

Securities held to maturity:
Other debt securities:
Corporate notes		$	7,000		$	—		$	2,409		$	4,591

Total securities held to maturity		$	7,000		$	—		$	2,409		$	4,591

Schedule of the amortized cost and fair value of debt securities by contractual maturity


		Securities Available for Sale						Securities Held to Maturity
		Amortized			Fair			Amortized			Fair
(In thousands)		Cost			Value			Cost			Value

Due in one year or less		$	74,873		$	73,633		$	—		$	—
Due after one year through five years			61,702			58,984			—			—
Due after five years through ten years			71,200			63,472			2,000			1,580
Due after ten years			65,083			57,771			5,000			3,663
			272,858			253,860			7,000			5,243
Mortgage-backed securities and CMO			147,847			141,729			—			—
		$	420,705		$	395,589		$	7,000		$	5,243

Schedule of unrealized gain (loss) on investments


		Number of					Gross
		Investment		Fair			Unrealized
(Dollars in thousands)		Positions		Value			Losses
June 30, 2025:
Securities available for sale:
Continuous loss position less than twelve months:
Agency mortgage-backed securities		5		$	5,750		$	36
Agency CMO		7			11,319			82
Agency notes and bonds		2			1,994			7
Municipal obligations		36			19,157			593
Total less than twelve months		50			38,220			718

Continuous loss position more than twelve months:
Agency mortgage-backed securities		93			55,935			6,315
Agency CMO		20			4,718			158
Agency notes and bonds		40			103,124			2,826
Treasury notes and bonds		5			8,784			74
Municipal obligations		184			96,139			15,768
Total more than twelve months		342			268,700			25,141

Total securities available for sale		392		$	306,920		$	25,859

Securities held to maturity:
Continuous loss position more than twelve months:
Corporate notes		4		$	5,243		$	1,757
Total more than twelve months		4			5,243			1,757
Total securities held to maturity		4		$	5,243		$	1,757


		Number of					Gross
		Investment		Fair			Unrealized
(Dollars in thousands)		Positions		Value			Losses
December 31, 2024:
Securities available for sale:
Continuous loss position less than twelve months:
Agency mortgage-backed securities		7		$	8,008		$	93
Agency CMO		11			19,211			215
Agency notes and bonds		7			4,830			57
Municipal obligations		39			18,880			334
Total less than twelve months		64			50,929			699

Continuous loss position more than twelve months:
Agency mortgage-backed securities		93			59,933			8,261
Agency CMO		22			7,271			285
Agency notes and bonds		45			112,046			4,703
Treasury notes and bonds		8			21,549			254
Municipal obligations		196			103,201			15,864
Total more than twelve months		364			304,000			29,367

Total securities available for sale		428		$	354,929		$	30,066

Securities held to maturity:
Continuous loss position less than twelve months:
Corporate notes		4		$	4,591		$	2,409
Total less than twelve months		4			4,591			2,409


Total securities held to maturity		4		$	4,591		$	2,409