Debt Securities Held to Maturity (Tables)

9 Months Ended

Sep. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost, gross unrealized gains, gross unrealized losses and the fair value of securities held-to-maturity

Debt securities held to maturity at September 30, 2022 and December 31, 2021 are summarized as follows:

	September 30, 2022
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)		Allowance for Credit Losses		Fair Value
	(In thousands)
U.S. government and agency obligations	$	49,871	$	—	$	(7,587)	$	—	$	42,284
Mortgage-backed securities and collateralized mortgage obligations	375,206		—		(43,996)		—		331,210
	$	425,077	$	—	$	(51,583)	$	—	$	373,494

	December 31, 2021
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)		Fair Value
	(In thousands)
U.S. government and agency obligations	$	44,870	$	—	$	(759)	$	44,111
Mortgage-backed securities and collateralized mortgage obligations	384,864		6,741		(927)		390,678
	$	429,734	$	6,741	$	(1,686)	$	434,789

Schedule of securities by contractual maturity

The amortized cost and fair value of debt securities available for sale at September 30, 2022, by contractual final maturity, is shown below. Expected maturities may differ from contractual maturities due to prepayment or early call options exercised by the issuer.

	September 30, 2022
	Amortized Cost		Fair Value
	(In thousands)
One year or less	$	919	$	901
More than one year to five years	68,971		65,791
More than five years to ten years	89,864		81,377
	$	159,754	$	148,069
Mortgage-backed securities and collateralized mortgage obligations	1,399,397		1,223,652
	$	1,559,151	$	1,371,721

The amortized cost and fair value of debt securities held to maturity at September 30, 2022, by contractual final maturity, is shown below. Expected maturities may differ from contractual maturities due to prepayment or early call options exercised by the issuer.

	September 30, 2022
	Amortized Cost		Fair Value
	(In thousands)
More than one year to five years	$	19,875	$	18,282
More than five years to ten years	19,996		16,479
More than ten years	10,000		7,523
	49,871		42,284
Mortgage-backed securities and collateralized mortgage obligations	375,206		331,210
	$	425,077	$	373,494

Schedule of held-to-maturity securities reported in a continuous unrealized loss position

The following tables summarize the fair value and gross unrealized losses of those securities that reported an unrealized loss at September 30, 2022 and December 31, 2021 and if the unrealized loss position was continuous for the twelve months prior to those respective dates:

	September 30, 2022
	Less Than 12 Months				12 Months or Longer				Total
	Fair Value		Gross Unrealized (Losses)		Fair Value		Gross Unrealized (Losses)		Fair Value		Gross Unrealized (Losses)
	(In thousands)
U.S. government and agency obligations	$	4,967	$	(32)	$	37,316	$	(7,555)	$	42,283	$	(7,587)
Mortgage-backed securities and collateralized mortgage obligations	322,117		(41,399)		9,093		(2,597)		331,210		(43,996)
	$	327,084	$	(41,431)	$	46,409	$	(10,152)	$	373,493	$	(51,583)

	December 31, 2021
	Less Than 12 Months				12 Months or Longer				Total
	Fair Value		Gross Unrealized (Losses)		Fair Value		Gross Unrealized (Losses)		Fair Value		Gross Unrealized (Losses)
	(In thousands)
U.S. government and agency obligations	$	44,111	$	(759)	$	—	$	—	$	44,111	$	(759)
Mortgage-backed securities and collateralized mortgage obligations	79,036		(927)		—		—		79,036		(927)
	$	123,147	$	(1,686)	$	—	$	—	$	123,147	$	(1,686)