v3.25.4
SECURITIES (Tables)
 12 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Debt Securities, Available-for-Sale
Securities AFS consist of the following at December 31:
Amortized
Cost		UnrealizedFair Value
GainsLosses
(In thousands)
2025
U.S. agency$8,320 $1 $404 $7,917 
U.S. agency residential mortgage-backed87,435 136 6,506 81,065 
U.S. agency commercial mortgage-backed8,039 — 853 7,186 
Private label mortgage-backed42,689 260 2,443 40,506 
Other asset backed30,633 31 479 30,185 
Obligations of states and political subdivisions319,402 — 39,000 280,402 
Corporate49,355 2 1,696 47,661 
Trust preferred990 — 3 987 
Total$546,863 $430 $51,384 $495,909 
2024
U.S. agency$8,858 $1 $700 $8,159 
U.S. agency residential mortgage-backed80,589 47 9,499 71,137 
U.S. agency commercial mortgage-backed12,821 — 1,180 11,641 
Private label mortgage-backed74,268 263 4,496 70,035 
Other asset backed39,232 18 734 38,516 
Obligations of states and political subdivisions330,874 14 42,097 288,791 
Corporate73,960 — 4,039 69,921 
Trust preferred986 — 4 982 
Total$621,588 $343 $62,749 $559,182 
Debt Securities, Held-to-Maturity
Securities HTM consist of the following at December 31:
Carrying
Value		Transferred
Unrealized
Loss (1)		ACLAmortized
Cost
Unrecognized
Fair Value
GainsLosses
(In thousands)
2025
U.S. agency$22,446 $1,220 $— $23,666 $— $3,833 $19,833 
U.S. agency residential mortgage-backed92,900 7,688 — 100,588 — 19,337 81,251 
U.S. agency commercial mortgage-backed3,734 62 — 3,796 — 249 3,547 
Private label mortgage-backed7,294 80 2 7,376 — 272 7,104 
Obligations of states and political subdivisions149,915 3,717 19 153,651 36 14,278 139,409 
Corporate32,276 177 67 32,520 — 1,834 30,686 
Trust preferred958 38 4 1,000 — — 1,000 
Total$309,523 $12,982 $92 $322,597 $36 $39,803 $282,830 
2024
U.S. agency$24,150 $1,404 $— $25,554 $— $4,987 $20,567 
U.S. agency residential mortgage-backed100,700 8,669 — 109,369 — 24,631 84,738 
U.S. agency commercial mortgage-backed4,013 107 — 4,120 — 402 3,718 
Private label mortgage-backed7,350 190 1 7,541 — 551 6,990 
Obligations of states and political subdivisions156,305 5,262 17 161,584 28 19,461 142,151 
Corporate45,964 496 111 46,571 — 3,875 42,696 
Trust preferred954 43 3 1,000 — — 1,000 
Total$339,436 $16,171 $132 $355,739 $28 $53,907 $301,860 
(1)Represents the remaining unrealized loss to be accreted on securities that were transferred from AFS to HTM on April 1, 2022.
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value
Our investments’ gross unrealized losses and fair values for securities AFS aggregated by investment type and length of time that individual securities have been at a continuous unrealized loss position, at December 31 follows:
Less Than Twelve MonthsTwelve Months or MoreTotal
Fair ValueUnrealized
Losses		Fair ValueUnrealized
Losses		Fair ValueUnrealized
Losses
(In thousands)
2025
U.S. agency$972 $1 $6,884 $403 $7,856 $404 
U.S. agency residential mortgage-backed6,931 5 49,103 6,501 56,034 6,506 
U.S. agency commercial mortgage-backed— — 7,186 853 7,186 853 
Private label mortgage-backed— — 39,234 2,443 39,234 2,443 
Other asset backed1,392 3 24,417 476 25,809 479 
Obligations of states and political subdivisions156 9 280,246 38,991 280,402 39,000 
Corporate— — 45,986 1,696 45,986 1,696 
Trust preferred— — 987 3 987 3 
Total$9,451 $18 $454,043 $51,366 $463,494 $51,384 
2024
U.S. agency$324 $1 $7,565 $699 $7,889 $700 
U.S. agency residential mortgage-backed147 — 61,219 9,499 61,366 9,499 
U.S. agency commercial mortgage-backed— — 11,641 1,180 11,641 1,180 
Private label mortgage-backed2,551 8 66,411 4,488 68,962 4,496 
Other asset backed3,984 19 27,052 715 31,036 734 
Obligations of states and political subdivisions221 1 288,570 42,096 288,791 42,097 
Corporate1,473 23 68,448 4,016 69,921 4,039 
Trust preferred— — 982 4 982 4 
Total$8,700 $52 $531,888 $62,697 $540,588 $62,749 
Debt Securities, Held-to-Maturity, Credit Quality
On a quarterly basis, we monitor the credit quality of securities HTM through the use of credit ratings. The carrying value of securities HTM at December 31, aggregated by credit quality follow:
Private
Label
Mortgage-
Backed		Obligations
of States
and Political
Subdivisions		CorporateTrust
Preferred		Carrying
Value
Total
(In thousands)
2025
Credit rating:
AAA$7,294 $17,357 $— $— $24,651 
AA— 116,264 — — 116,264 
A— 2,740 3,500 — 6,240 
BBB— 441 23,814 — 24,255 
BB— — 1,983 — 1,983 
Non-rated— 13,113 2,979 958 17,050 
Total$7,294 $149,915 $32,276 $958 $190,443 
2024
Credit rating:
AAA$7,350 $34,973 $— $— $42,323 
AA— 101,112 — — 101,112 
A— 3,473 5,005 — 8,478 
BBB— 652 36,045 — 36,697 
BB— — 1,963 — 1,963 
Non-rated— 16,095 2,951 954 20,000 
Total$7,350 $156,305 $45,964 $954 $210,573 
Debt Securities, Held-to-Maturity, Allowance for Credit Loss
An analysis of the ACL by security HTM type for the year ended December 31, follows:
Private
Label
Mortgage-
Backed		Obligations
of States
and Political
Subdivisions		CorporateTrust
Preferred		Total
(In thousands)
2025
Balance at beginning of period$1 $17 $111 $3 $132 
Additions (deductions)
Provision for credit losses1 2 (44)1 (40)
Recoveries credited to the allowance— — — — — 
Securities HTM charged against the allowance— — — — — 
Balance at end of period$2 $19 $67 $4 $92 
2024
Balance at beginning of period$4 $33 $116 $4 $157 
Additions (deductions)
Provision for credit losses(3)(16)(1,130)(1)(1,150)
Recoveries credited to the allowance— — 1,125 — 1,125 
Securities HTM charged against the allowance— — — — — 
Balance at end of period$1 $17 $111 $3 $132 
2023
Balance at beginning of period$1 $39 $123 $5 $168 
Additions (deductions)
Provision for credit losses3 (6)2,993 (1)2,989 
Recoveries credited to the allowance— — — — — 
Securities HTM charged against the allowance— — (3,000)— (3,000)
Balance at end of period$4 $33 $116 $4 $157 
Investments Classified by Contractual Maturity Date
The amortized cost and fair value of securities AFS and securities HTM at December 31, 2025, by contractual maturity, follow:
Securities AFSSecurities HTM
Amortized
Cost		Fair
Value		Amortized
Cost		Fair
Value
(In thousands)
Maturing within one year$23,447 $23,218 $13,575 $13,448 
Maturing after one year but within five years122,874 117,098 49,421 47,377 
Maturing after five years but within ten years44,713 40,445 83,561 75,354 
Maturing after ten years187,033 156,206 64,280 54,749 
378,067 336,967 210,837 190,928 
U.S. agency residential mortgage-backed87,435 81,065 100,588 81,251 
U.S. agency commercial mortgage-backed8,039 7,186 3,796 3,547 
Private label mortgage-backed42,689 40,506 7,376 7,104 
Other asset backed30,633 30,185 — — 
Total$546,863 $495,909 $322,597 $282,830 
Gains and Losses Realized on Sale of Securities Available for Sale
A summary of proceeds from the sale of securities available for sale and gains and losses for the years ended December 31 follow:
Realized
ProceedsGainsLosses
(In thousands)
2025$32,193 $44 $414 
202439,517 14 442 
2023278 — 222