The carrying amounts of other investment securities at June 30, 2025 and December 31, 2024 were as follows: | | | | | | | | | | | | | | | | (In thousands) | | June 30, 2025 | | December 31, 2024 | | FHLB stock | | $ | 8,013 | | | $ | 8,607 | | | FRB stock | | 14,653 | | | 14,653 | | | Equity investments carried at fair value | | 16,195 | | | 11,488 | | Equity investments carried at modified cost (1) | | 18,347 | | | 19,347 | | | Equity investments carried at NAV | | 50,808 | | | 50,142 | | | Total other investment securities | | $ | 108,016 | | | $ | 104,237 | |
(1) There have been no impairments or downward adjustments made to equity investments carried at modified cost. Cumulatively, upward adjustments of $1.4 million have been recorded as a result of observable price changes. There were no adjustments recorded during the three or six months ended June 30, 2025 as a result of observable price changes. There were $571,000 in upward adjustments recorded during the three months and six months ended June 30, 2024 as a result of observable price changes.
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