Debt Securities Held-to-Maturity (Tables)

9 Months Ended

Sep. 30, 2025

Investments, Debt and Equity Securities [Abstract]

Schedule of Mortgage Backed Securities Held-to-Maturity

The following is a summary of mortgage-backed securities held-to-maturity at September 30, 2025, and December 31, 2024 (in thousands):

	September 30, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Mortgage-backed securities:
Pass-through certificates:
GSE	$	8,396	$	83	$	(334)	$	8,145
Total securities held-to-maturity	$	8,396	$	83	$	(334)	$	8,145

	December 31, 2024
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Mortgage-backed securities:
Pass-through certificates:
GSE	$	9,303	$	16	$	(557)	$	8,762
Total securities held-to-maturity	$	9,303	$	16	$	(557)	$	8,762

Schedule of Gross Unrealized Losses on Mortgage-Backed Securities

Gross unrealized losses on mortgage-backed securities and other debt securities available-for-sale, and the estimated fair value of the related securities, aggregated by security category and length of time that individual securities have been in a continuous unrealized loss position, at September 30, 2025, and December 31, 2024, were as follows (in thousands):

	September 30, 2025
	Less than 12 months				12 months or more				Total
	Unrealized		Estimated		Unrealized		Estimated		Unrealized		Estimated
	losses		fair value		losses		fair value		losses		fair value
U.S. Government agency securities	$	—	$	—	$	(51)	$	556	$	(51)	$	556
Mortgage-backed securities:
Pass-through certificates:
GSE	—		1,301		(12,330)		205,028		(12,330)		206,329
REMICs:
GSE	(20)		33,283		(4,592)		129,123		(4,612)		162,406
Other debt securities:
Municipal bonds	—		483		—		—		—		483
Corporate bonds	—		—		(366)		18,637		(366)		18,637
Total	$	(20)	$	35,067	$	(17,339)	$	353,344	$	(17,359)	$	388,411

	December 31, 2024
	Less than 12 months				12 months or more				Total
	Unrealized		Estimated		Unrealized		Estimated		Unrealized		Estimated
	losses		fair value		losses		fair value		losses		fair value
U.S. Government agency securities	$	—	$	—	$	(386)	$	75,348	$	(386)	$	75,348
Mortgage-backed securities:
Pass-through certificates:
GSE	(125)		7,329		(20,903)		254,163		(21,028)		261,492
REMICs:
GSE	(285)		105,412		(7,689)		164,262		(7,974)		269,674
Other debt securities:
Corporate bonds	—		—		(938)		18,066		(938)		18,066
Total	$	(410)	$	112,741	$	(29,916)	$	511,839	$	(30,326)	$	624,580

Gross unrealized losses on mortgage-backed securities held-to-maturity, and the estimated fair value of the related securities, aggregated by security category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2025, and December 31, 2024, were as follows (in thousands):

	September 30, 2025
	Less than 12 months				12 months or more				Total
	Unrealized		Estimated		Unrealized		Estimated		Unrealized		Estimated
	losses		fair value		losses		fair value		losses		fair value
Mortgage-backed securities:
Pass-through certificates:
GSE	$	—	$	—	$	(334)	$	5,930	$	(334)	$	5,930
Total	$	—	$	—	$	(334)	$	5,930	$	(334)	$	5,930

	December 31, 2024
	Less than 12 months				12 months or more				Total
	Unrealized		Estimated		Unrealized		Estimated		Unrealized		Estimated
	losses		fair value		losses		fair value		losses		fair value
Mortgage-backed securities:
Pass-through certificates:
GSE	$	—	$	—	$	(557)	$	5,974	$	(557)	$	5,974
Total	$	—	$	—	$	(557)	$	5,974	$	(557)	$	5,974