Securities (Tables)
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3 Months Ended |
Mar. 31, 2026 |
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| Securities |
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| Schedule of portfolio of securities |
The following tables summarize the Company’s portfolio of securities held-to-maturity at: | | | | | | | | | | | | | | | | | | | | | | | | Allowance | | Net | | Gross | | Gross | | | | | | Amortized | | for | | Carrying | | Unrecognized | | Unrecognized | | | | March 31, 2026 | | Cost | | Credit Losses | | Amount | | Gains | | Losses | | Fair Value | | | | (In thousands) | Municipals | | $ | 42,379 | | $ | (338) | | $ | 42,041 | | $ | — | | $ | (4,032) | | $ | 38,009 | | | | | | | | | | | | | | | | | | | | FNMA | | | 7,812 | | | — | | | 7,812 | | | — | | | (609) | | | 7,203 | | | | | | | | | | | | | | | | | | | | Total | | $ | 50,191 | | $ | (338) | | $ | 49,853 | | $ | — | | $ | (4,641) | | $ | 45,212 |
| | | | | | | | | | | | | | | | | | | | | | | | Allowance | | Net | | Gross | | Gross | | | | | | Amortized | | for | | Carrying | | Unrecognized | | Unrecognized | | | | December 31, 2025 | | Cost | | Credit Losses | | Amount | | Gains | | Losses | | Fair Value | | | | (In thousands) | Municipals | | $ | 42,711 | | $ | (348) | | $ | 42,363 | | $ | — | | $ | (3,342) | | $ | 39,021 | | | | | | | | | | | | | | | | | | | | FNMA | | | 7,817 | | | — | | | 7,817 | | | — | | | (606) | | | 7,211 | | | | | | | | | | | | | | | | | | | | Total | | $ | 50,528 | | $ | (348) | | $ | 50,180 | | $ | — | | $ | (3,948) | | $ | 46,232 |
The following tables summarize the Company’s portfolio of securities available for sale on: | | | | | | | | | | | | | | | | | | | | | | Allowance | | Gross | | Gross | | | | | | Amortized | | | for | | Unrealized | | Unrealized | | | | March 31, 2026 | | Cost | | Credit Losses | | Gains | | Losses | | Fair Value | | | | (In thousands) | U.S. government agencies | | $ | 5,664 | | $ | — | | $ | 29 | | $ | (22) | | $ | 5,671 | Municipals | | | 20,627 | | | (2,774) | | | — | | | (239) | | | 17,614 | Corporate | | | 248,131 | | | — | | | 2,655 | | | (3,145) | | | 247,641 | Mutual funds | | | 12,669 | | | — | | | — | | | — | | | 12,669 | Collateralized loan obligations | | | 256,434 | | | — | | | 7 | | | (350) | | | 256,091 | Other | | | 1,653 | | | — | | | — | | | — | | | 1,653 | Total other securities | | | 545,178 | | | (2,774) | | | 2,691 | | | (3,756) | | | 541,339 | REMIC and CMO | | | 843,561 | | | — | | | 3,258 | | | (4,489) | | | 842,330 | GNMA | | | 106,287 | | | — | | | 115 | | | (790) | | | 105,612 | FNMA | | | 63,343 | | | — | | | 243 | | | (120) | | | 63,466 | FHLMC | | | 75,097 | | | — | | | 810 | | | (67) | | | 75,840 | Total mortgage-backed securities | | | 1,088,288 | | | — | | | 4,426 | | | (5,466) | | | 1,087,248 | | | | | | | | | | | | | | | | | Total Securities available for sale | | $ | 1,633,466 | | $ | (2,774) | | $ | 7,117 | | $ | (9,222) | | $ | 1,628,587 |
| | | | | | | | | | | | | | | | | | | | | | Allowance | | Gross | | Gross | | | | | | Amortized | | | for | | Unrealized | | Unrealized | | | | December 31, 2025 | | Cost | | Credit Losses | | Gains | | Losses | | Fair Value | | | | (In thousands) | U.S. government agencies | | $ | 6,262 | | $ | — | | $ | 31 | | $ | (29) | | $ | 6,264 | Municipals | | | 20,627 | | | (2,921) | | | — | | | (445) | | | 17,261 | Corporate | | | 241,091 | | | — | | | 2,674 | | | (2,734) | | | 241,031 | Mutual funds | | | 12,650 | | | — | | | — | | | — | | | 12,650 | Collateralized loan obligations | | | 289,349 | | | — | | | 168 | | | (288) | | | 289,229 | Other | | | 1,551 | | | — | | | — | | | — | | | 1,551 | Total other securities | | | 571,530 | | | (2,921) | | | 2,873 | | | (3,496) | | | 567,986 | REMIC and CMO | | | 611,292 | | | — | | | 3,830 | | | (217) | | | 614,905 | GNMA | | | 60,116 | | | — | | | 247 | | | — | | | 60,363 | FNMA | | | 65,446 | | | — | | | 669 | | | — | | | 66,115 | FHLMC | | | 79,235 | | | — | | | 1,320 | | | — | | | 80,555 | Total mortgage-backed securities | | | 816,089 | | | — | | | 6,066 | | | (217) | | | 821,938 | | | | | | | | | | | | | | | | | Total securities available for sale | | $ | 1,387,619 | | $ | (2,921) | | $ | 8,939 | | $ | (3,713) | | $ | 1,389,924 |
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| Schedule of amortized cost and fair value of the Company's securities classified as held-to-maturity and available for sale |
| | | | | | | | | Amortized | | | | Securities held-to-maturity: | | Cost | | Fair Value | | | | (In thousands) | Due after ten years | | $ | 42,379 | | $ | 38,009 | Total other securities | | | 42,379 | | | 38,009 | Mortgage-backed securities | | | 7,812 | | | 7,203 | Total securities held-to-maturity | | $ | 50,191 | | $ | 45,212 |
| | | | | | | | | Amortized | | | | Securities available for sale: | | Cost | | Fair Value | | | | (In thousands) | Due in one year or less | | $ | 8,870 | | $ | 8,862 | Due after one year through five years | | | 65,464 | | | 64,300 | Due after five years through ten years | | | 228,317 | | | 228,985 | Due after ten years | | | 229,858 | | | 226,523 | Total other securities | | | 532,509 | | | 528,670 | Mutual funds | | | 12,669 | | | 12,669 | Mortgage-backed securities | | | 1,088,288 | | | 1,087,248 | Total securities available for sale | | $ | 1,633,466 | | $ | 1,628,587 |
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| Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value [Table Text Block] |
| | | | | | | | | | | | | | | | | | | | | | | At March 31, 2026 | | | | | Total | | Less than 12 months | | 12 months or more | | | | | | | | Unrealized | | | | | Unrealized | | | | | Unrealized | | | Count | | Fair Value | | Losses | | Fair Value | | Losses | | Fair Value | | Losses | | | | (Dollars in thousands) | Held-to-maturity securities | | | | | | | | | | | | | | | | | | | | | FNMA | | 1 | | $ | 7,203 | | $ | (609) | | $ | — | | $ | — | | $ | 7,203 | | $ | (609) | Total mortgage-backed securities | | 1 | | | 7,203 | | | (609) | | | — | | | — | | | 7,203 | | | (609) | | | | | | | | | | | | | | | | | | | | | | Total | | 1 | | $ | 7,203 | | $ | (609) | | $ | — | | $ | — | | $ | 7,203 | | $ | (609) | | | | | | | | | | | | | | | | | | | | | | Available for sale securities | | | | | | | | | | | | | | | | | | | | | U.S. government agencies | | 3 | | $ | 3,395 | | $ | (22) | | $ | — | | $ | — | | $ | 3,395 | | $ | (22) | Corporate | | 18 | | | 139,438 | | | (3,145) | | | 48,129 | | | (241) | | | 91,309 | | | (2,904) | Collateralized loan obligations | | 15 | | | 210,684 | | | (350) | | | 210,684 | | | (350) | | | — | | | — | Total other securities | | 36 | | | 353,517 | | | (3,517) | | | 258,813 | | | (591) | | | 94,704 | | | (2,926) | | | | | | | | | | | | | | | | | | | | | | REMIC and CMO | | 23 | | | 359,015 | | | (4,489) | | | 353,494 | | | (4,394) | | | 5,521 | | | (95) | GNMA | | 5 | | | 88,408 | | | (790) | | | 88,408 | | | (790) | | | — | | | — | FNMA | | 2 | | | 22,367 | | | (120) | | | 22,367 | | | (120) | | | — | | | — | FHLMC | | 2 | | | 10,048 | | | (67) | | | 10,048 | | | (67) | | | — | | | — | Total mortgage-backed securities | | 32 | | | 479,838 | | | (5,466) | | | 474,317 | | | (5,371) | | | 5,521 | | | (95) | | | | | | | | | | | | | | | | | | | | | | Total | | 68 | | $ | 833,355 | | $ | (8,983) | | $ | 733,130 | | $ | (5,962) | | $ | 100,225 | | $ | (3,021) |
| | | | | | | | | | | | | | | | | | | | | | | At December 31, 2025 | | | | | Total | | Less than 12 months | | 12 months or more | | | | | | | | Unrealized | | | | | Unrealized | | | | | Unrealized | | | Count | | Fair Value | | Losses | | Fair Value | | Losses | | Fair Value | | Losses | | | | (Dollars in thousands) | Held-to-maturity securities | | | | | | | | | | | | | | | | | | | | | FNMA | | 1 | | $ | 7,211 | | $ | (606) | | $ | — | | $ | — | | $ | 7,211 | | $ | (606) | Total mortgage-backed securities | | 1 | | | 7,211 | | | (606) | | | — | | | — | | | 7,211 | | | (606) | | | | | | | | | | | | | | | | | | | | | | Total | | 1 | | $ | 7,211 | | $ | (606) | | $ | — | | $ | — | | $ | 7,211 | | $ | (606) | | | | | | | | | | | | | | | | | | | | | | Available for sale securities | | | | | | | | | | | | | | | | | | | | | U.S. government agencies | | 3 | | $ | 3,819 | | $ | (29) | | $ | 1,159 | | $ | (7) | | $ | 2,660 | | $ | (22) | Corporate | | 17 | | | 118,976 | | | (2,734) | | | 27,310 | | | (190) | | | 91,666 | | | (2,544) | Collateralized loan obligations | | 13 | | | 164,174 | | | (288) | | | 144,154 | | | (281) | | | 20,020 | | | (7) | Total other securities | | 33 | | | 286,969 | | | (3,051) | | | 172,623 | | | (478) | | | 114,346 | | | (2,573) | | | | | | | | | | | | | | | | | | | | | | REMIC and CMO | | 7 | | | 43,674 | | | (217) | | | 28,296 | | | (105) | | | 15,378 | | | (112) | Total mortgage-backed securities | | 7 | | | 43,674 | | | (217) | | | 28,296 | | | (105) | | | 15,378 | | | (112) | Total | | 40 | | $ | 330,643 | | $ | (3,268) | | $ | 200,919 | | $ | (583) | | $ | 129,724 | | $ | (2,685) |
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| Schedule of allowance for credit losses for debt securities held-to-maturity |
| | | | | | | For the three months ended March 31, | | 2026 | | 2025 | | | (In thousands) | Beginning balance | $ | 348 | | $ | 353 | Provision (benefit) | | (10) | | | 6 | Allowance for credit losses | $ | 338 | | $ | 359 |
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| Schedule of allowance for credit losses for debt securities available for sale |
| | | | | | | For the three months ended March 31, | | 2026 | | 2025 | | | (In thousands) | Beginning balance | $ | 2,921 | | $ | 2,627 | Provision (benefit) | | (147) | | | — | Allowance for credit losses | $ | 2,774 | | $ | 2,627 |
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