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Investment Securities (Tables)
 12 Months Ended
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Gross Realized and Unrealized Gains (Losses) on Marketable Equity Securities The gross realized and unrealized gains (losses) recognized on marketable equity securities in other operating income in the Company's Consolidated Statements of Income for the periods indicated were as follows:    
(In Thousands)202420232022
Unrealized gain (loss) on marketable equity securities$465 $120 ($1,119)
Gain on sale of marketable equity securities, net112 — — 
Total$577 $120 ($1,119)
Summary of Available-For-Sale Securities The following table summarizes the amortized cost, estimated fair value, and ACL of debt securities and the corresponding amounts of gross unrealized gains and losses of available for sale securities recognized in accumulated other comprehensive income (loss) and unrecognized gains and losses of held to maturity securities at the periods indicated:
(In Thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesAllowance for Credit LossesFair Value
December 31, 2024    
Securities available for sale    
U.S. Treasury and government sponsored entities$444,370 $294 ($11,733)$— $432,931 
Corporate bonds9,009 9 (223)— 8,795 
Collateralized loan obligations36,827 66 (2)— 36,891 
Total securities available for sale$490,206 $369 ($11,958)$— $478,617 
December 31, 2023
Securities available for sale
U.S. Treasury and government sponsored entities$587,639 $451 ($23,965)$— $564,125 
Municipal securities820 — (4)— 816 
Corporate bonds14,014 28 (418)— 13,624 
Collateralized loan obligations59,795 12 (436)— 59,371 
Total securities available for sale$662,268 $491 ($24,823)$— $637,936 
(In Thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
December 31, 2024   
Securities held to maturity
Corporate bonds$36,750 $175 ($1,175)$35,750 
Allowance for credit losses— — — — 
Total securities held to maturity, net of ACL$36,750 $175 ($1,175)$35,750 
December 31, 2023
Securities held to maturity
Corporate bonds$36,750 $— ($3,337)$33,413 
Allowance for credit losses— — — — 
Total securities held to maturity, net of ACL$36,750 $— ($3,337)$33,413 
Summary of Held-To-Maturity Securities
(In Thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
December 31, 2024   
Securities held to maturity
Corporate bonds$36,750 $175 ($1,175)$35,750 
Allowance for credit losses— — — — 
Total securities held to maturity, net of ACL$36,750 $175 ($1,175)$35,750 
December 31, 2023
Securities held to maturity
Corporate bonds$36,750 $— ($3,337)$33,413 
Allowance for credit losses— — — — 
Total securities held to maturity, net of ACL$36,750 $— ($3,337)$33,413 
Schedule of Gross Unrealized Losses on Investment Securities Gross unrealized losses on investment securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at December 31, 2024 and 2023, were as follows:
 Less Than 12 MonthsMore Than 12 MonthsTotal
(In Thousands)Fair
Value		Unrealized LossesFair
Value		Unrealized LossesFair
Value		Unrealized Losses
2024      
Securities Available for Sale      
U.S. Treasury and government sponsored entities$44,262 ($422)$358,446 ($11,311)$402,708 ($11,733)
Corporate bonds— — 4,786 (223)4,786 (223)
Collateralized loan obligations— — 4,993 (2)4,993 (2)
Total$44,262 ($422)$368,225 ($11,536)$412,487 ($11,958)
2023      
Securities Available for Sale      
U.S. Treasury and government sponsored entities$9,997 ($3)$528,574 ($23,962)$538,571 ($23,965)
Municipal securities— — 816 (4)816 (4)
Corporate bonds— — 6,599 (418)6,599 (418)
Collateralized loan obligations3,909 (91)43,149 (345)47,058 (436)
Total$13,906 ($94)$579,138 ($24,729)$593,044 ($24,823)
Schedule of Amortized Cost and Fair Value by Contractual Maturity The amortized cost and fair values of available for sale and held to maturity debt securities at December 31, 2024, are distributed by contractual maturity as shown below.  Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.  
(In  Thousands)Amortized CostFair ValueWeighted Average Yield
U.S. Treasury and government sponsored entities   
Within 1 year$130,776 $129,175 1.81 %
1-5 years313,594 303,756 2.22 %
Total$444,370 $432,931 2.10 %
Corporate bonds   
Within 1 year$3,999 $4,008 5.91 %
1-5 years15,010 14,764 4.16 %
5-10 years26,750 25,773 5.01 %
Total$45,759 $44,545 4.81 %
Collateralized loan obligations   
5-10 years$22,827 $22,859 6.26 %
Over 10 years14,000 14,032 6.38 %
Total$36,827 $36,891 6.30 %
Schedule of Proceeds, Gains, and Losses for Investment Securities The proceeds and resulting gains and losses, computed using specific identification, from sales of investment securities for the years ending December 31, 2024, 2023, and 2022, respectively, are as follows: 
(In Thousands)ProceedsGross GainsGross Losses
2024   
Available for sale securities$— $— $— 
2023   
Available for sale securities$— $— $— 
2022   
Available for sale securities$— $— $— 
Summary of Interest Income on Investment Securities A summary of interest income for the years ending December 31, 2024, 2023, and 2022 on available for investment securities is as follows:
(In Thousands)202420232022
U.S. Treasury and government sponsored entities$9,810 $11,074 $7,030 
Other3,943 4,741 2,631 
Total taxable interest income$13,753 $15,815 $9,661 
Municipal securities$3 $18 $18 
Total tax-exempt interest income$3 $18 $18 
Total$13,756 $15,833 $9,679