v3.25.1
Debt Securities (Tables)
3 Months Ended
Mar. 31, 2025
Debt Securities:  
Schedule of available-for-sale and held-to-maturity debt securities by date

March 31, 2025

Gross

Gross

Amortized

Unrealized

Unrealized

Fair

    

Cost

    

Gains

    

Losses

    

Value

(In thousands)

Securities available-for-sale:

Mortgage-backed securities – agency

$

100,521

$

38

$

(14,821)

$

85,738

Collateralized mortgage obligations ("CMOs") – agency

152,293

821

(1,933)

151,181

Total available-for-sale

$

252,814

$

859

$

(16,754)

$

236,919

Gross

Gross

Amortized

Unrecognized

Unrecognized

Fair

Cost

    

Gains

    

Losses

    

Value

(In thousands)

Securities held-to-maturity:

CMOs – agency

$

66,736

$

5

$

(6,437)

$

60,304

Total held-to-maturity

$

66,736

$

5

$

(6,437)

$

60,304

December 31, 2024

Gross

Gross

Amortized

Unrealized

Unrealized

Fair

Cost

    

Gains

    

Losses

    

Value

(In thousands)

Securities available-for-sale:

Mortgage-backed securities – agency

$

103,009

$

$

(17,057)

$

85,952

CMOs – agency

158,442

271

(2,919)

155,794

Total available-for-sale

$

261,451

$

271

$

(19,976)

$

241,746

Gross

Gross

Amortized

Unrecognized

Unrecognized

Fair

Cost

    

Gains

    

Losses

    

Value

(In thousands)

Securities held-to-maturity:

CMOs – agency

$

68,660

$

$

(7,729)

$

60,931

Total held-to-maturity

$

68,660

$

$

(7,729)

$

60,931

Schedule of gross unrealized and unrecognized losses and fair value for available-for-sale and held-to-maturity debt securities in continuous unrealized loss positions

March 31, 2025

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)

Securities available-for-sale:

Mortgage-backed securities – agency

$

3,049

$

(5)

$

76,485

$

(14,816)

$

79,534

$

(14,821)

CMOs – agency

34,382

(215)

10,339

(1,718)

44,721

(1,933)

Total available-for-sale

$

37,431

$

(220)

$

86,824

$

(16,534)

$

124,255

$

(16,754)

Less Than 12 Months

12 Months or Longer

Total

    

Fair
Value

    

Gross
Unrecognized
Losses

    

Fair
Value

    

Gross
Unrecognized
Losses

    

Fair
Value

    

Gross
Unrecognized
Losses

(In thousands)

Securities held-to-maturity:

CMOs – agency

$

$

$

56,148

$

(6,437)

$

56,148

$

(6,437)

Total held-to-maturity

$

$

$

56,148

$

(6,437)

$

56,148

$

(6,437)

December 31, 2024

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)

Securities available-for-sale:

Mortgage-backed securities – agency

$

6,341

$

(84)

$

79,610

$

(16,973)

$

85,951

$

(17,057)

CMOs – agency

94,642

(998)

10,729

(1,921)

105,371

(2,919)

Total available-for-sale

$

100,983

$

(1,082)

$

90,339

$

(18,894)

$

191,322

$

(19,976)

Less Than 12 Months

12 Months or Longer

Total

    

Fair
Value

    

Gross
Unrecognized
Losses

    

Fair
Value

    

Gross
Unrecognized
Losses

    

Fair
Value

    

Gross
Unrecognized
Losses

(In thousands)

Securities held-to-maturity:

CMOs – agency

$

$

$

56,523

$

(7,729)

$

56,523

$

(7,729)

Total held-to-maturity

$

$

$

56,523

$

(7,729)

$

56,523

$

(7,729)