Securities (Tables)

9 Months Ended

Sep. 30, 2025

Securities

Schedule of portfolio of securities

The following tables summarize the Company’s portfolio of securities held-to-maturity at:

			Allowance		Net		Gross		Gross
	Amortized		for		Carrying		Unrecognized		Unrecognized
September 30, 2025	Cost		Credit Losses		Amount		Gains		Losses		Fair Value
	(In thousands)
Municipals	$	43,039	$	(351)	$	42,688	$	—	$	(3,492)	$	39,196
FNMA		7,821		—		7,821		—		(633)		7,188
Total	$	50,860	$	(351)	$	50,509	$	—	$	(4,125)	$	46,384

			Allowance		Net		Gross		Gross
	Amortized		for		Carrying		Unrecognized		Unrecognized
December 31, 2024	Cost		Credit Losses		Amount		Gains		Losses		Fair Value
	(In thousands)
Municipals	$	44,002	$	(353)	$	43,649	$	—	$	(5,834)	$	37,815
FNMA		7,836		—		7,836		—		(933)		6,903
Total	$	51,838	$	(353)	$	51,485	$	—	$	(6,767)	$	44,718

The following tables summarize the Company’s portfolio of securities available for sale on:

				Allowance	Gross		Gross
	Amortized			for	Unrealized		Unrealized
September 30, 2025	Cost		Credit Losses		Gains		Losses		Fair Value
	(In thousands)
U.S. government agencies	$	6,836	$	—	$	24	$	(43)	$	6,817
Municipals		20,627		(2,921)		—		(428)		17,278
Corporate		201,329		—		2,381		(3,580)		200,130
Mutual funds		12,502		—		—		—		12,502
Collateralized loan obligations		398,210		—		246		(1,521)		396,935
Other		1,491		—		—		—		1,491
Total other securities		640,995		(2,921)		2,651		(5,572)		635,153
REMIC and CMO		698,119		—		4,140		(326)		701,933
GNMA		42,678		—		215		(20)		42,873
FNMA		70,873		—		490		(7)		71,356
FHLMC		88,840		—		1,268		—		90,108
Total mortgage-backed securities		900,510		—		6,113		(353)		906,270
Total Securities available for sale	$	1,541,505	$	(2,921)	$	8,764	$	(5,925)	$	1,541,423

				Allowance	Gross		Gross
	Amortized			for	Unrealized		Unrealized
December 31, 2024	Cost		Credit Losses		Gains		Losses		Fair Value
	(In thousands)
U.S. government agencies	$	8,804	$	—	$	77	$	(33)	$	8,848
Municipals		20,627		(2,627)		—		—		18,000
Corporate		130,882		—		735		(6,368)		125,249
Mutual funds		11,890		—		—		—		11,890
Collateralized loan obligations		420,260		—		1,126		(569)		420,817
Other		1,465		—		—		—		1,465
Total other securities		593,928		(2,627)		1,938		(6,970)		586,269
REMIC and CMO		707,540		—		1,107		(1,067)		707,580
GNMA		30,099		—		—		(154)		29,945
FNMA		99,183		—		11		(1,048)		98,146
FHLMC		76,048		—		13		(96)		75,965
Total mortgage-backed securities		912,870		—		1,131		(2,365)		911,636
Total securities available for sale	$	1,506,798	$	(2,627)	$	3,069	$	(9,335)	$	1,497,905

Schedule of amortized cost and fair value of the Company's securities classified as held-to-maturity and available for sale

	Amortized
Securities held-to-maturity:	Cost		Fair Value
	(In thousands)
Due after ten years	$	43,039	$	39,196
Total other securities		43,039		39,196
Mortgage-backed securities		7,821		7,188
Total securities held-to-maturity	$	50,860	$	46,384

	Amortized
Securities available for sale:	Cost		Fair Value
	(In thousands)
Due after one year through five years	$	70,359	$	69,312
Due after five years through ten years		191,469		191,305
Due after ten years		366,665		362,034
Total other securities		628,493		622,651
Mutual funds		12,502		12,502
Mortgage-backed securities		900,510		906,270
Total securities available for sale	$	1,541,505	$	1,541,423

Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value [Table Text Block]

	At September 30, 2025
		Total				Less than 12 months				12 months or more
				Unrealized				Unrealized				Unrealized
	Count	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
	(Dollars in thousands)
Held-to-maturity securities
FNMA	1		7,188		(633)		—		—		7,188		(633)
Total mortgage-backed securities	1		7,188		(633)		—		—		7,188		(633)
Total	1	$	7,188	$	(633)	$	—	$	—	$	7,188	$	(633)
Available for sale securities
U.S. government agencies	3	$	4,096	$	(43)	$	1,198	$	(11)	$	2,898	$	(32)
Corporate	13		96,871		(3,580)		6,234		(11)		90,637		(3,569)
Collateralized loan obligations	19		227,226		(1,521)		99,785		(331)		127,441		(1,190)
Total other securities	35		328,193		(5,144)		107,217		(353)		220,976		(4,791)
REMIC and CMO	10		86,741		(326)		39,701		(119)		47,040		(207)
GNMA	1		15,027		(20)		15,027		(20)		—		—
FNMA	1		14,341		(7)		14,341		(7)		—		—
Total mortgage-backed securities	12		116,109		(353)		69,069		(146)		47,040		(207)
Total securities available for sale	47	$	444,302	$	(5,497)	$	176,286	$	(499)	$	268,016	$	(4,998)

	At December 31, 2024
		Total				Less than 12 months				12 months or more
				Unrealized				Unrealized				Unrealized
	Count	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
	(Dollars in thousands)
Held-to-maturity securities
FNMA	1		6,903		(933)		—		—		6,903		(933)
Total mortgage-backed securities	1		6,903		(933)		—		—		6,903		(933)
Total	1	$	6,903	$	(933)	$	—	$	—	$	6,903	$	(933)
Available for sale securities
U.S. government agencies	2	$	3,339	$	(33)	$	—	$	—	$	3,339	$	(33)
Corporate	13		95,758		(6,368)		—		—		95,758		(6,368)
Collateralized loan obligations	18		201,470		(569)		201,470		(569)		—		—
Total other securities	33		300,567		(6,970)		201,470		(569)		99,097		(6,401)
REMIC and CMO	19		287,948		(1,067)		281,570		(936)		6,378		(131)
GNMA	4		29,945		(154)		28,443		(134)		1,502		(20)
FNMA	6		97,417		(1,048)		97,417		(1,048)		—		—
FHLMC	3		56,540		(96)		56,540		(96)		—		—
Total mortgage-backed securities	32		471,850		(2,365)		463,970		(2,214)		7,880		(151)
Total	65	$	772,417	$	(9,335)	$	665,440	$	(2,783)	$	106,977	$	(6,552)

Schedule of allowance for credit losses for debt securities held-to-maturity

	For the three months ended				For the nine months ended
	September 30,				September 30,
	2025		2024		2025		2024
	(In thousands)
Beginning balance	$	355	$	1,089	$	353	$	1,087
Provision (benefit)		(4)		(3)		(2)		(1)
Allowance for credit losses	$	351	$	1,086	$	351	$	1,086

Schedule of allowance for credit losses for debt securities available for sale

	For the three months ended				For the nine months ended
	September 30,				September 30,
	2025		2024		2025		2024
	(In thousands)
Beginning balance	$	3,066	$	—	$	2,627	$	—
Provision (benefit)		(145)		—		294		—
Allowance for credit losses	$	2,921	$	—	$	2,921	$	—

Schedule of gross gains and gross losses realized from the sale of securities available for sale

The following table represents the gross gains and gross losses realized from the sale of securities available for sale for the periods indicated:
	For the three months ended				For the nine months ended
	September 30,				September 30,
	2025		2024		2025		2024
	(In thousands)
Gross gains from the sale of securities	$	661	$	—	$	661	$	—
Gross losses from the sale of securities		—		—		—		—
Net gain (loss) from the sale of securities	$	661	$	—	$	661	$	—