Securities (Tables)

9 Months Ended

Sep. 30, 2019

Securities

Schedule of amortized cost and approximate fair values, together with gross unrealized gains and losses

	September 30, 2019
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
	(In thousands)
Available-for-sale securities:
Treasury notes	$	2,743	$	22	$	—	$	2,765
Federal agencies		257,572		9		193		257,388
Municipals		11,976		784		—		12,760
Mortgage-backed - Government-sponsored entity (GSE) - residential		35,517		246		3		35,760
Total available-for-sale securities	$	307,808	$	1,061	$	196	$	308,673

	December 31, 2018
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
	(In thousands)
Available-for-sale securities:
Treasury notes	$	11,928	$	26	$	13	$	11,941
Federal agencies		237,894		8		972		236,930
Municipals		21,014		336		18		21,332
Mortgage-backed - Government-sponsored entity (GSE) - residential		60,693		254		79		60,868
Total available-for-sale securities	$	331,529	$	624	$	1,082	$	331,071

Schedule of amortized cost and fair value of available-for-sale securities by contractual maturity

	September 30, 2019				December 31, 2018
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
Contractual Maturity	(In thousands)
Within one year	$	16,248	$	16,247	$	179,323	$	178,581
After one through five years		246,533		246,480		72,470		72,282
After five through ten years		1,587		1,686		7,087		7,203
After ten years		7,923		8,500		11,956		12,137
		272,291		272,913		270,836		270,203
Mortgage-backed - Government-sponsored entity (GSE) - residential		35,517		35,760		60,693		60,868
	$	307,808	$	308,673	$	331,529	$	331,071

Schedule of gross unrealized losses and fair value of investments with unrealized losses have been in continuous

	September 30, 2019
					12 Months or
	Less than 12 Months				Longer				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
	(In thousands)
Available-for-sale securities:
Treasury notes	$	—	$	—	$	—	$	—	$	—	$	—
Federal agencies		121,552		190		14,996		3		136,548		193
Mortgage-backed - Government-sponsored entity (GSE) - residential		1,114		3		—		—		1,114		3
	$	122,666	$	193	$	14,996	$	3	$	137,662	$	196

	December 31, 2018
					12 Months or
	Less than 12 Months				Longer				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
	(In thousands)
Available-for-sale securities:
Treasury notes	$	1,990	$	8	$	995	$	5	$	2,985	$	13
Federal agencies		28,296		97		191,280		875		219,576	$	972
Municipals		2,051		18		—		—		2,051	$	18
Mortgage-backed - Government-sponsored entity (GSE) - residential		15,543		79		—		—		15,543		79
	$	47,880	$	202	$	192,275	$	880	$	240,155	$	1,082