v3.26.1
Debt Securities Held to Maturity (Tables)
3 Months Ended
Mar. 31, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Debt Securities, Held-to-Maturity Debt securities held to maturity at March 31, 2026 and December 31, 2025 are summarized as follows:
March 31, 2026
Amortized CostGross Unrealized GainsGross Unrealized (Losses)Allowance for Credit LossesFair Value
(In thousands)
U.S. government and agency obligations$29,998 $— $(3,371)$— $26,627 
Mortgage-backed securities and collateralized mortgage obligations347,849 401 (26,904)— 321,346 
$377,847 $401 $(30,275)$— $347,973 

December 31, 2025
Amortized CostGross Unrealized GainsGross Unrealized (Losses)Allowance for Credit LossesFair Value
(In thousands)
U.S. government and agency obligations$44,872 $— $(3,321)$— $41,551 
Mortgage-backed securities and collateralized mortgage obligations351,361 699 (26,322)— 325,738 
$396,233 $699 $(29,643)$— $367,289 
Schedule of Securities by Contractual Maturity
The amortized cost and fair value of debt securities available for sale at March 31, 2026, by contractual final maturity, is shown below. Expected maturities may differ from contractual maturities due to prepayment or early call options exercised by the issuer.

March 31, 2026
Amortized CostFair Value
(In thousands)
One year or less$115,979 $116,240 
More than one year to five years285,586 285,453 
More than five years to ten years66,797 62,901 
$468,362 $464,594 
Mortgage-backed securities and collateralized mortgage obligations813,554 734,276 
$1,281,916 $1,198,870 
The amortized cost and fair value of debt securities held to maturity at March 31, 2026, by contractual final maturity, is shown below. Expected maturities may differ from contractual maturities due to prepayment or early call options exercised by the issuer.
March 31, 2026
Amortized CostFair Value
(In thousands)
More than one year to five years$19,998 $18,633 
More than ten years10,000 7,994 
29,998 26,627 
Mortgage-backed securities and collateralized mortgage obligations347,849 321,346 
$377,847 $347,973 
Schedule of Held-to-Maturity Securities Reported in a Continuous Unrealized Loss Position
The following tables summarize the fair value and gross unrealized losses of those securities that reported an unrealized loss at March 31, 2026 and December 31, 2025 and if the unrealized loss position was continuous for the twelve months prior to those respective dates:
March 31, 2026
Less Than 12 Months12 Months or LongerTotal
Fair ValueGross Unrealized (Losses)Fair ValueGross Unrealized (Losses)Fair ValueGross Unrealized (Losses)
(In thousands)
U.S. government and agency obligations$— $— $26,627 $(3,371)$26,627 $(3,371)
Mortgage-backed securities and collateralized mortgage obligations(1)287,482 (26,903)287,485 (26,904)
$$(1)$314,109 $(30,274)$314,112 $(30,275)

December 31, 2025
Less Than 12 Months12 Months or LongerTotal
Fair ValueGross Unrealized (Losses)Fair ValueGross Unrealized (Losses)Fair ValueGross Unrealized (Losses)
(In thousands)
U.S. government and agency obligations$— $— $41,552 $(3,321)$41,552 $(3,321)
Mortgage-backed securities and collateralized mortgage obligations1,659 (1)290,237 (26,321)291,896 (26,322)
$1,659 $(1)$331,789 $(29,642)$333,448 $(29,643)