INVESTMENT SECURITIES (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| INVESTMENT SECURITIES |
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| Schedule of amortized cost and fair values of securities |
| | | | | | | | | | | | | | | June 30, 2025 | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | | | Cost | | Gains | | Losses | | Value | | | | (In Thousands) | AVAILABLE-FOR-SALE SECURITIES: | | | | | | | | | | | | | Agency mortgage-backed securities | | $ | 333,620 | | $ | 185 | | $ | 31,637 | | $ | 302,168 | Agency collateralized mortgage obligations | | | 122,378 | | | 846 | | | 7,178 | | | 116,046 | States and political subdivisions | | | 56,759 | | | 46 | | | 5,036 | | | 51,769 | Small Business Administration securities | | | 63,507 | | | — | | | 5,947 | | | 57,560 | | | $ | 576,264 | | $ | 1,077 | | $ | 49,798 | | $ | 527,543 |
| | | | | | | | | | | | | | | | | | | | | June 30, 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 | | $ | 70,430 | | $ | 1,588 | | $ | 72,018 | | $ | — | | $ | 6,722 | | $ | 65,296 | Agency collateralized mortgage obligations | | | 106,951 | | | (2,000) | | | 104,951 | | | — | | | 11,839 | | | 93,112 | States and political subdivisions | | | 6,111 | | | 20 | | | 6,131 | | | — | | | 757 | | | 5,374 | | | $ | 183,492 | | $ | (392) | | $ | 183,100 | | $ | — | | $ | 19,318 | | $ | 163,782 |
| | | | | | | | | | | | | | | 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 | | | 1,003 | | | 1,010 | | | — | | | — | After three through four years | | | — | | | — | | | — | | | — | After four through five years | | | — | | | — | | | — | | | — | After five through fifteen years | | | 19,054 | | | 17,708 | | | 5,623 | | | 4,968 | After fifteen years | | | 36,457 | | | 32,806 | | | 508 | | | 406 | Securities not due on a single maturity date | | | 519,505 | | | 475,774 | | | 176,969 | | | 158,408 | | | $ | 576,264 | | $ | 527,543 | | $ | 183,100 | | $ | 163,782 |
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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 |
| | | | | | | | | | | | | | | | | | | | | June 30, 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 | | $ | 46,897 | | $ | (430) | | $ | 244,254 | | $ | (31,207) | | $ | 291,151 | | $ | (31,637) | Agency collateralized mortgage obligations | | | 8,922 | | | (325) | | | 63,297 | | | (6,853) | | | 72,219 | | | (7,178) | States and political subdivisions securities | | | 15,820 | | | (1,425) | | | 32,472 | | | (3,611) | | | 48,292 | | | (5,036) | Small Business Administration securities | | | 7,149 | | | (13) | | | 50,411 | | | (5,934) | | | 57,560 | | | (5,947) | | | $ | 78,788 | | $ | (2,193) | | $ | 390,434 | | $ | (47,605) | | $ | 469,222 | | $ | (49,798) | | | | | | | | | | | | | | | | | | | | HELD-TO-MATURITY SECURITIES: | | | | | | | | | | | | | | | | | | | Agency mortgage-backed securities | | $ | — | | $ | — | | $ | 65,296 | | $ | (6,722) | | $ | 65,296 | | $ | (6,722) | Agency collateralized mortgage obligations | | | — | | | — | | | 93,112 | | | (11,839) | | | 93,112 | | | (11,839) | States and political subdivisions securities | | | — | | | — | | | 5,374 | | | (757) | | | 5,374 | | | (757) | | | $ | — | | $ | — | | $ | 163,782 | | $ | (19,318) | | $ | 163,782 | | $ | (19,318) |
| | | | | | | | | | | | | | | | | | | | | 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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