Note 3 - Debt Securities Available for Sale and Held to Maturity (Tables)
|
3 Months Ended |
Mar. 31, 2026 |
| Notes Tables |
|
| Debt Securities, Available-for-sale and Held-to-maturity [Table Text Block] |
| |
|
At March 31, 2026
|
|
| |
|
|
|
|
|
Gross
|
|
|
Gross
|
|
|
|
|
|
| |
|
Amortized
|
|
|
Unrealized
|
|
|
Unrealized
|
|
|
Fair
|
|
| |
|
Cost
|
|
|
Gains
|
|
|
Losses
|
|
|
Value
|
|
| |
|
(In thousands)
|
|
|
Debt securities available for sale:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Agency residential mortgage-backed securities ("MBS")
|
|
$ |
187,993 |
|
|
$ |
3 |
|
|
$ |
(10,688 |
) |
|
$ |
177,308 |
|
|
Agency commercial MBS
|
|
|
955,794 |
|
|
|
884 |
|
|
|
(10,564 |
) |
|
|
946,114 |
|
|
Securities of U.S. Government sponsored entities
|
|
|
307,683 |
|
|
|
26 |
|
|
|
(9,207 |
) |
|
|
298,502 |
|
|
Obligations of states and political subdivisions
|
|
|
46,118 |
|
|
|
6 |
|
|
|
(702 |
) |
|
|
45,422 |
|
|
Corporate securities
|
|
|
1,957,629 |
|
|
|
9 |
|
|
|
(122,116 |
) |
|
|
1,835,522 |
|
|
Collateralized loan obligations
|
|
|
293,927 |
|
|
|
351 |
|
|
|
(291 |
) |
|
|
293,987 |
|
|
Total debt securities available for sale
|
|
|
3,749,144 |
|
|
|
1,279 |
|
|
|
(153,568 |
) |
|
|
3,596,855 |
|
|
Debt securities held to maturity:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Agency residential MBS
|
|
|
41,271 |
|
|
|
23 |
|
|
|
(2,311 |
) |
|
|
38,983 |
|
|
Obligations of states and political subdivisions
|
|
|
26,120 |
|
|
|
10 |
|
|
|
(16 |
) |
|
|
26,114 |
|
|
Corporate securities
|
|
|
732,168 |
|
|
|
700 |
|
|
|
(13,661 |
) |
|
|
719,207 |
|
|
Total debt securities held to maturity
|
|
|
799,559 |
|
|
|
733 |
|
|
|
(15,988 |
) |
|
|
784,304 |
|
|
Total
|
|
$ |
4,548,703 |
|
|
$ |
2,012 |
|
|
$ |
(169,556 |
) |
|
$ |
4,381,159 |
|
| |
|
At December 31, 2025
|
|
| |
|
|
|
|
|
Gross
|
|
|
Gross
|
|
|
|
|
|
| |
|
Amortized
|
|
|
Unrealized
|
|
|
Unrealized
|
|
|
Fair
|
|
| |
|
Cost
|
|
|
Gains
|
|
|
Losses
|
|
|
Value
|
|
| |
|
(In thousands)
|
|
|
Debt securities available for sale:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Agency residential MBS
|
|
$ |
194,394 |
|
|
$ |
8 |
|
|
$ |
(10,056 |
) |
|
$ |
184,346 |
|
|
Agency commercial MBS
|
|
|
709,371 |
|
|
|
1,600 |
|
|
|
(3,411 |
) |
|
|
707,560 |
|
|
Securities of U.S. Government sponsored entities
|
|
|
309,079 |
|
|
|
72 |
|
|
|
(6,739 |
) |
|
|
302,412 |
|
|
Obligations of states and political subdivisions
|
|
|
46,264 |
|
|
|
1 |
|
|
|
(543 |
) |
|
|
45,722 |
|
|
Corporate securities
|
|
|
1,913,553 |
|
|
|
- |
|
|
|
(109,473 |
) |
|
|
1,804,080 |
|
|
Collateralized loan obligations
|
|
|
425,465 |
|
|
|
400 |
|
|
|
(1,251 |
) |
|
|
424,614 |
|
|
Total debt securities available for sale
|
|
|
3,598,126 |
|
|
|
2,081 |
|
|
|
(131,473 |
) |
|
|
3,468,734 |
|
|
Debt securities held to maturity:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Agency residential MBS
|
|
|
43,734 |
|
|
|
26 |
|
|
|
(2,231 |
) |
|
|
41,529 |
|
|
Obligations of states and political subdivisions
|
|
|
33,597 |
|
|
|
10 |
|
|
|
(36 |
) |
|
|
33,571 |
|
|
Corporate securities
|
|
|
742,244 |
|
|
|
3,245 |
|
|
|
(8,009 |
) |
|
|
737,480 |
|
|
Total debt securities held to maturity
|
|
|
819,575 |
|
|
|
3,281 |
|
|
|
(10,276 |
) |
|
|
812,580 |
|
|
Total
|
|
$ |
4,417,701 |
|
|
$ |
5,362 |
|
|
$ |
(141,749 |
) |
|
$ |
4,281,314 |
|
|
| Investments Classified by Contractual Maturity Date [Table Text Block] |
| |
|
At March 31, 2026
|
|
| |
|
Debt Securities Available
|
|
|
Debt Securities Held
|
|
| |
|
for Sale
|
|
|
to Maturity
|
|
| |
|
Amortized
|
|
|
Fair
|
|
|
Amortized
|
|
|
Fair
|
|
| |
|
Cost
|
|
|
Value
|
|
|
Cost
|
|
|
Value
|
|
| |
|
(In thousands)
|
|
|
Maturity in years:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 year or less
|
|
$ |
204,192 |
|
|
$ |
203,356 |
|
|
$ |
60,501 |
|
|
$ |
60,400 |
|
|
Over 1 to 5 years
|
|
|
1,435,262 |
|
|
|
1,360,107 |
|
|
|
412,457 |
|
|
|
410,862 |
|
|
Over 5 to 10 years
|
|
|
671,976 |
|
|
|
615,983 |
|
|
|
285,330 |
|
|
|
274,059 |
|
|
Subtotal
|
|
|
2,311,430 |
|
|
|
2,179,446 |
|
|
|
758,288 |
|
|
|
745,321 |
|
|
Collateralized loan obligations
|
|
|
293,927 |
|
|
|
293,987 |
|
|
|
- |
|
|
|
- |
|
|
Agency residential MBS
|
|
|
187,993 |
|
|
|
177,308 |
|
|
|
41,271 |
|
|
|
38,983 |
|
|
Agency commercial MBS
|
|
|
955,794 |
|
|
|
946,114 |
|
|
|
- |
|
|
|
- |
|
|
Total
|
|
$ |
3,749,144 |
|
|
$ |
3,596,855 |
|
|
$ |
799,559 |
|
|
$ |
784,304 |
|
| |
|
At December 31, 2025
|
|
| |
|
Debt Securities Available
|
|
|
Debt Securities Held
|
|
| |
|
for Sale
|
|
|
to Maturity
|
|
| |
|
Amortized
|
|
|
Fair
|
|
|
Amortized
|
|
|
Fair
|
|
| |
|
Cost
|
|
|
Value
|
|
|
Cost
|
|
|
Value
|
|
| |
|
(In thousands)
|
|
|
Maturity in years:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 year or less
|
|
$ |
199,254 |
|
|
$ |
198,573 |
|
|
$ |
33,326 |
|
|
$ |
33,302 |
|
|
Over 1 to 5 years
|
|
|
1,231,338 |
|
|
|
1,182,101 |
|
|
|
425,387 |
|
|
|
428,326 |
|
|
Over 5 to 10 years
|
|
|
838,304 |
|
|
|
771,540 |
|
|
|
317,128 |
|
|
|
309,423 |
|
|
Subtotal
|
|
|
2,268,896 |
|
|
|
2,152,214 |
|
|
|
775,841 |
|
|
|
771,051 |
|
|
Collateralized loan obligations
|
|
|
425,465 |
|
|
|
424,614 |
|
|
|
- |
|
|
|
- |
|
|
Agency residential MBS
|
|
|
194,394 |
|
|
|
184,346 |
|
|
|
43,734 |
|
|
|
41,529 |
|
|
Agency commercial MBS
|
|
|
709,371 |
|
|
|
707,560 |
|
|
|
- |
|
|
|
- |
|
|
Total
|
|
$ |
3,598,126 |
|
|
$ |
3,468,734 |
|
|
$ |
819,575 |
|
|
$ |
812,580 |
|
|
| Schedule of Unrealized Loss on Investments 1 [Table Text Block] |
| |
|
Debt Securities Available for Sale
|
|
| |
|
At March 31, 2026
|
|
| |
|
No. of
|
|
|
Less than 12 months
|
|
|
No. of
|
|
|
12 months or longer
|
|
|
No. of
|
|
|
Total
|
|
| |
|
Investment
|
|
|
|
|
|
|
Unrealized
|
|
|
Investment
|
|
|
|
|
|
|
Unrealized
|
|
|
Investment
|
|
|
|
|
|
|
Unrealized
|
|
| |
|
Positions
|
|
|
Fair Value
|
|
|
Losses
|
|
|
Positions
|
|
|
Fair Value
|
|
|
Losses
|
|
|
Positions
|
|
|
Fair Value
|
|
|
Losses
|
|
| |
|
($ in thousands)
|
|
|
Agency residential MBS
|
|
|
4 |
|
|
$ |
13,297 |
|
|
$ |
(204 |
) |
|
|
104 |
|
|
$ |
163,509 |
|
|
$ |
(10,484 |
) |
|
|
108 |
|
|
$ |
176,806 |
|
|
$ |
(10,688 |
) |
|
Agency commercial MBS
|
|
|
99 |
|
|
|
809,211 |
|
|
|
(10,564 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
99 |
|
|
|
809,211 |
|
|
|
(10,564 |
) |
|
Securities of U.S.
Government sponsored
entities
|
|
|
1 |
|
|
|
5,351 |
|
|
|
(30 |
) |
|
|
18 |
|
|
|
282,938 |
|
|
|
(9,177 |
) |
|
|
19 |
|
|
|
288,289 |
|
|
|
(9,207 |
) |
Obligations of states
and political
subdivisions |
|
|
2 |
|
|
|
4,201 |
|
|
|
(23 |
) |
|
|
28 |
|
|
|
36,135 |
|
|
|
(679 |
) |
|
|
30 |
|
|
|
40,336 |
|
|
|
(702 |
) |
|
Corporate securities
|
|
|
12 |
|
|
|
78,980 |
|
|
|
(777 |
) |
|
|
124 |
|
|
|
1,746,543 |
|
|
|
(121,339 |
) |
|
|
136 |
|
|
|
1,825,523 |
|
|
|
(122,116 |
) |
|
Collateralized loan
obligations
|
|
|
2 |
|
|
|
22,924 |
|
|
|
(76 |
) |
|
|
2 |
|
|
|
10,740 |
|
|
|
(215 |
) |
|
|
4 |
|
|
|
33,664 |
|
|
|
(291 |
) |
|
Total
|
|
|
120 |
|
|
$ |
933,964 |
|
|
$ |
(11,674 |
) |
|
|
276 |
|
|
$ |
2,239,865 |
|
|
$ |
(141,894 |
) |
|
|
396 |
|
|
$ |
3,173,829 |
|
|
$ |
(153,568 |
) |
| |
|
Debt Securities Held to Maturity
|
|
| |
|
At March 31, 2026
|
|
| |
|
No. of
|
|
|
Less than 12 months
|
|
|
No. of
|
|
|
12 months or longer
|
|
|
No. of
|
|
|
Total
|
|
| |
|
Investment
|
|
|
|
|
|
|
Unrecognized
|
|
|
Investment
|
|
|
|
|
|
|
Unrecognized
|
|
|
Investment
|
|
|
|
|
|
|
Unrecognized
|
|
| |
|
Positions
|
|
|
Fair Value
|
|
|
Losses
|
|
|
Positions
|
|
|
Fair Value
|
|
|
Losses
|
|
|
Positions
|
|
|
Fair Value
|
|
|
Losses
|
|
| |
|
($ in thousands)
|
|
|
Agency residential MBS
|
|
|
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
|
54 |
|
|
$ |
38,020 |
|
|
$ |
(2,311 |
) |
|
|
54 |
|
|
$ |
38,020 |
|
|
$ |
(2,311 |
) |
Obligations of states
and political
subdivisions |
|
|
1 |
|
|
|
624 |
|
|
|
(1 |
) |
|
|
10 |
|
|
|
9,344 |
|
|
|
(15 |
) |
|
|
11 |
|
|
|
9,968 |
|
|
|
(16 |
) |
|
Corporate securities
|
|
|
24 |
|
|
|
226,589 |
|
|
|
(916 |
) |
|
|
23 |
|
|
|
355,425 |
|
|
|
(12,745 |
) |
|
|
47 |
|
|
|
582,014 |
|
|
|
(13,661 |
) |
|
Total
|
|
|
25 |
|
|
$ |
227,213 |
|
|
$ |
(917 |
) |
|
|
87 |
|
|
$ |
402,789 |
|
|
$ |
(15,071 |
) |
|
|
112 |
|
|
$ |
630,002 |
|
|
$ |
(15,988 |
) |
| |
|
Debt Securities Available for Sale
|
|
| |
|
At December 31, 2025
|
|
| |
|
No. of
|
|
|
Less than 12 months
|
|
|
No. of
|
|
|
12 months or longer
|
|
|
No. of
|
|
|
Total
|
|
| |
|
Investment
|
|
|
|
|
|
|
Unrealized
|
|
|
Investment
|
|
|
|
|
|
|
Unrealized
|
|
|
Investment
|
|
|
|
|
|
|
Unrealized
|
|
| |
|
Positions
|
|
|
Fair Value
|
|
|
Losses
|
|
|
Positions
|
|
|
Fair Value
|
|
|
Losses
|
|
|
Positions
|
|
|
Fair Value
|
|
|
Losses
|
|
| |
|
($ in thousands)
|
|
|
Agency residential MBS
|
|
|
2 |
|
|
$ |
10,541 |
|
|
$ |
(147 |
) |
|
|
107 |
|
|
$ |
173,186 |
|
|
$ |
(9,909 |
) |
|
|
109 |
|
|
$ |
183,727 |
|
|
$ |
(10,056 |
) |
|
Agency commercial MBS
|
|
|
56 |
|
|
|
438,102 |
|
|
|
(3,411 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
56 |
|
|
|
438,102 |
|
|
|
(3,411 |
) |
|
Securities of U.S.
Government sponsored
entities
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
19 |
|
|
|
284,747 |
|
|
|
(6,739 |
) |
|
|
19 |
|
|
|
284,747 |
|
|
|
(6,739 |
) |
Obligations of states
and political
subdivisions |
|
|
2 |
|
|
|
3,382 |
|
|
|
(1 |
) |
|
|
28 |
|
|
|
37,520 |
|
|
|
(542 |
) |
|
|
30 |
|
|
|
40,902 |
|
|
|
(543 |
) |
|
Corporate securities
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
129 |
|
|
|
1,804,080 |
|
|
|
(109,473 |
) |
|
|
129 |
|
|
|
1,804,080 |
|
|
|
(109,473 |
) |
|
Collateralized loan
obligations
|
|
|
2 |
|
|
|
22,924 |
|
|
|
(77 |
) |
|
|
5 |
|
|
|
49,693 |
|
|
|
(1,174 |
) |
|
|
7 |
|
|
|
72,617 |
|
|
|
(1,251 |
) |
|
Total
|
|
|
62 |
|
|
$ |
474,949 |
|
|
$ |
(3,636 |
) |
|
|
288 |
|
|
$ |
2,349,226 |
|
|
$ |
(127,837 |
) |
|
|
350 |
|
|
$ |
2,824,175 |
|
|
$ |
(131,473 |
) |
| |
|
Debt Securities Held to Maturity
|
|
| |
|
At December 31, 2025
|
|
| |
|
No. of
|
|
|
Less than 12 months
|
|
|
No. of
|
|
|
12 months or longer
|
|
|
No. of
|
|
|
Total
|
|
| |
|
Investment
|
|
|
|
|
|
|
Unrecognized
|
|
|
Investment
|
|
|
|
|
|
|
Unrecognized
|
|
|
Investment
|
|
|
|
|
|
|
Unrecognized
|
|
| |
|
Positions
|
|
|
Fair Value
|
|
|
Losses
|
|
|
Positions
|
|
|
Fair Value
|
|
|
Losses
|
|
|
Positions
|
|
|
Fair Value
|
|
|
Losses
|
|
| |
|
($ in thousands)
|
|
|
Agency residential MBS
|
|
|
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
|
59 |
|
|
$ |
40,523 |
|
|
$ |
(2,231 |
) |
|
|
59 |
|
|
$ |
40,523 |
|
|
$ |
(2,231 |
) |
|
Obligations of states
and political
subdivisions
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
17 |
|
|
|
16,087 |
|
|
|
(36 |
) |
|
|
17 |
|
|
|
16,087 |
|
|
|
(36 |
) |
|
Corporate securities
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
23 |
|
|
|
359,421 |
|
|
|
(8,009 |
) |
|
|
23 |
|
|
|
359,421 |
|
|
|
(8,009 |
) |
|
Total
|
|
|
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
|
99 |
|
|
$ |
416,031 |
|
|
$ |
(10,276 |
) |
|
|
99 |
|
|
$ |
416,031 |
|
|
$ |
(10,276 |
) |
|
| Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Table Text Block] |
| |
|
For the Three Months Ended March 31,
|
|
| |
|
2026
|
|
|
2025
|
|
| |
|
(In thousands)
|
|
|
Allowance for credit losses:
|
|
|
|
|
|
|
|
|
|
Beginning balance
|
|
$ |
1 |
|
|
$ |
1 |
|
|
Provision
|
|
|
- |
|
|
|
- |
|
|
Chargeoffs
|
|
|
- |
|
|
|
- |
|
|
Recoveries
|
|
|
- |
|
|
|
- |
|
|
Total ending balance
|
|
$ |
1 |
|
|
$ |
1 |
|
|
| Debt Securities, Held-to-Maturity, Credit Quality Indicator [Table Text Block] |
| |
|
Credit Risk Profile by Credit Rating
|
|
| |
|
At March 31, 2026
|
|
| |
|
AAA/AA/A
|
|
|
BBB+/BBB
|
|
|
Not Rated
|
|
|
Total
|
|
| |
|
(In thousands)
|
|
|
Agency residential MBS
|
|
$ |
40,840 |
|
|
$ |
- |
|
|
$ |
431 |
|
|
$ |
41,271 |
|
|
Obligations of states and political subdivisions
|
|
|
26,120 |
|
|
|
- |
|
|
|
- |
|
|
|
26,120 |
|
|
Corporate securities
|
|
|
578,078 |
|
|
|
154,090 |
|
|
|
- |
|
|
|
732,168 |
|
|
Total
|
|
$ |
645,038 |
|
|
$ |
154,090 |
|
|
$ |
431 |
|
|
$ |
799,559 |
|
|
| Interest Income from Investments [Table Text Block] |
| |
|
For the Three Months
|
|
| |
|
Ended March 31,
|
|
| |
|
2026
|
|
|
2025
|
|
| |
|
(In thousands)
|
|
| |
|
|
|
|
|
|
|
|
|
Taxable
|
|
$ |
41,029 |
|
|
$ |
41,280 |
|
|
Tax-exempt from regular federal income tax
|
|
|
606 |
|
|
|
839 |
|
|
Total interest income from investment securities
|
|
$ |
41,635 |
|
|
$ |
42,119 |
|
|