INVESTMENT SECURITIES (Tables)
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3 Months Ended |
Mar. 31, 2025 |
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| INVESTMENT SECURITIES |
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| Schedule of amortized cost and fair values of securities |
| | | | | | | | | | | | | | | March 31, 2025 | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | | | Cost | | Gains | | Losses | | Value | | | | (In Thousands) | AVAILABLE-FOR-SALE SECURITIES: | | | | | | | | | | | | | Agency mortgage-backed securities | | $ | 341,913 | | $ | 188 | | $ | 33,599 | | $ | 308,502 | Agency collateralized mortgage obligations | | | 123,280 | | | 538 | | | 7,707 | | | 116,111 | States and political subdivisions | | | 56,978 | | | 61 | | | 4,291 | | | 52,748 | Small Business Administration securities | | | 64,811 | | | — | | | 6,258 | | | 58,553 | | | $ | 586,982 | | $ | 787 | | $ | 51,855 | | $ | 535,914 |
| | | | | | | | | | | | | | | | | | | | | March 31, 2025 | | | | | | | Amortized | | Gross | | Gross | | | | | Amortized | | Fair Value | | Carrying | | Unrealized | | Unrealized | | Fair | | | Cost | | Adjustment | | Value | | Gains | | Losses | | Value | | | | (In Thousands) | HELD-TO-MATURITY SECURITIES: | | | | | | | | | | | | | | | | | | | Agency mortgage-backed securities | | $ | 70,742 | | $ | 1,726 | | $ | 72,468 | | $ | — | | $ | 7,149 | | $ | 65,319 | Agency collateralized mortgage obligations | | | 109,307 | | | (2,064) | | | 107,243 | | | — | | | 12,778 | | | 94,465 | States and political subdivisions | | | 6,124 | | | 18 | | | 6,142 | | | — | | | 712 | | | 5,430 | | | $ | 186,173 | | $ | (320) | | $ | 185,853 | | $ | — | | $ | 20,639 | | $ | 165,214 |
| | | | | | | | | | | | | | | December 31, 2024 | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | | | Cost | | Gains | | Losses | | Value | | | | (In Thousands) | AVAILABLE-FOR-SALE SECURITIES: | | | | | | | | | | | | | Agency mortgage-backed securities | | $ | 346,712 | | $ | 69 | | $ | 40,874 | | $ | 305,907 | Agency collateralized mortgage obligations | | | 123,395 | | | — | | | 9,771 | | | 113,624 | States and political subdivisions securities | | | 58,608 | | | 69 | | | 2,729 | | | 55,948 | Small Business Administration securities | | | 65,849 | | | — | | | 7,955 | | | 57,894 | | | $ | 594,564 | | $ | 138 | | $ | 61,329 | | $ | 533,373 |
| | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | | | | | | | | Amortized | | Gross | | Gross | | | | | | Amortized | | Fair Value | | Carrying | | Unrealized | | Unrealized | | Fair | | | Cost | | Adjustment | | Value | | Gains | | Losses | | Value | | | | (In Thousands) | HELD-TO-MATURITY SECURITIES: | | | | | | | | | | | | | | | | | | | Agency mortgage-backed securities | | $ | 71,065 | | $ | 1,864 | | $ | 72,929 | | $ | — | | $ | 8,523 | | $ | 64,406 | Agency collateralized mortgage obligations | | | 110,493 | | | (2,140) | | | 108,353 | | | — | | | 15,495 | | | 92,858 | States and political subdivisions | | | 6,137 | | | 14 | | | 6,151 | | | — | | | 650 | | | 5,501 | | | $ | 187,695 | | $ | (262) | | $ | 187,433 | | $ | — | | $ | 24,668 | | $ | 162,765 |
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| Schedule of amortized cost and fair value of available-for-sale and held-to-maturity securities by contractual maturity |
| | | | | | | | | | | | | | | Available-for-Sale | | Held-to-Maturity | | | Amortized | | Fair | | Amortized | | Fair | | | Cost | | Value | | Carrying Value | | Value | | | | (In Thousands) | One year or less | | $ | — | | $ | — | | $ | — | | $ | — | After one through two years | | | 245 | | | 245 | | | — | | | — | After two through three years | | | 994 | | | 998 | | | — | | | — | After three through four years | | | — | | | — | | | — | | | — | After four through five years | | | — | | | — | | | — | | | — | After five through fifteen years | | | 13,857 | | | 13,198 | | | 5,633 | | | 5,015 | After fifteen years | | | 41,882 | | | 38,307 | | | 509 | | | 415 | Securities not due on a single maturity date | | | 530,004 | | | 483,166 | | | 179,711 | | | 159,784 | | | $ | 586,982 | | $ | 535,914 | | $ | 185,853 | | $ | 165,214 |
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| Schedule of gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position |
| | | | | | | | | | | | | | | | | | | | | March 31, 2025 | | | Less than 12 Months | | 12 Months or More | | Total | | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | Description of Securities | | Value | | Losses | | Value | | Losses | | Value | | Losses | | | | (In Thousands) | AVAILABLE-FOR-SALE SECURITIES: | | | | | | | | | | | | | | | | | | | Agency mortgage-backed securities | | $ | 22,043 | | $ | (224) | | $ | 255,387 | | $ | (33,375) | | $ | 277,430 | | $ | (33,599) | Agency collateralized mortgage obligations | | | 9,023 | | | (237) | | | 63,892 | | | (7,470) | | | 72,915 | | | (7,707) | States and political subdivisions securities | | | 13,928 | | | (927) | | | 35,337 | | | (3,364) | | | 49,265 | | | (4,291) | Small Business Administration securities | | | 7,471 | | | (27) | | | 51,081 | | | (6,231) | | | 58,552 | | | (6,258) | | | $ | 52,465 | | $ | (1,415) | | $ | 405,697 | | $ | (50,440) | | $ | 458,162 | | $ | (51,855) | | | | | | | | | | | | | | | | | | | | HELD-TO-MATURITY SECURITIES: | | | | | | | | | | | | | | | | | | | Agency mortgage-backed securities | | $ | — | | $ | — | | $ | 65,319 | | $ | (7,149) | | $ | 65,319 | | $ | (7,149) | Agency collateralized mortgage obligations | | | — | | | — | | | 94,465 | | | (12,778) | | | 94,465 | | | (12,778) | States and political subdivisions securities | | | — | | | — | | | 5,430 | | | (712) | | | 5,430 | | | (712) | | | $ | — | | $ | — | | $ | 165,214 | | $ | (20,639) | | $ | 165,214 | | $ | (20,639) |
| | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | | Less than 12 Months | | 12 Months or More | | Total | | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | Description of Securities | | Value | | Losses | | Value | | Losses | | Value | | Losses | | | | (In Thousands) | AVAILABLE-FOR-SALE SECURITIES: | | | | | | | | | | | | | | | | | | | Agency mortgage-backed securities | | $ | 45,977 | | $ | (1,008) | | $ | 253,971 | | $ | (39,866) | | $ | 299,948 | | $ | (40,874) | Agency collateralized mortgage obligations | | | 50,720 | | | (890) | | | 62,903 | | | (8,881) | | | 113,623 | | | (9,771) | States and political subdivisions securities | | | 7,229 | | | (270) | | | 50,665 | | | (7,685) | | | 57,894 | | | (7,955) | Small Business Administration securities | | | 14,523 | | | (343) | | | 37,945 | | | (2,386) | | | 52,468 | | | (2,729) | | | $ | 118,449 | | $ | (2,511) | | $ | 405,484 | | $ | (58,818) | | $ | 523,933 | | $ | (61,329) | | | | | | | | | | | | | | | | | | | | HELD-TO-MATURITY SECURITIES: | | | | | | | | | | | | | | | | | | | Agency mortgage-backed securities | | $ | — | | $ | — | | $ | 64,406 | | $ | (8,523) | | $ | 64,406 | | $ | (8,523) | Agency collateralized mortgage obligations | | | — | | | — | | | 92,858 | | | (15,495) | | | 92,858 | | | (15,495) | States and political subdivisions securities | | | — | | | — | | | 5,501 | | | (650) | | | 5,501 | | | (650) | | | $ | — | | $ | — | | $ | 162,765 | | $ | (24,668) | | $ | 162,765 | | $ | (24,668) |
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