v3.26.1
Securities (Tables)
6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-Sale Securities
The following table summarizes available-for-sale debt securities held by the Company at June 30, 2026 and December 31, 2025:
(In thousands)Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
June 30, 2026
U.S. Treasuries$45,665 $70 $2,008 $43,727 
Obligations of U.S. Government sponsored entities348,968 2,960 12,797 339,131 
Obligations of U.S. states and political subdivisions80,649 5,199 75,454 
Mortgage-backed securities – residential, issued by
 U.S. Government agencies301,450 215 4,846 296,819 
 U.S. Government sponsored entities640,657 3,602 8,770 635,489 
U.S. corporate debt securities2,500 59 2,441 
Total available-for-sale debt securities$1,419,889 $6,851 $33,679 $1,393,061 
December 31, 2025
U.S. Treasuries$55,492 $213 $1,925 $53,780 
Obligations of U.S. Government sponsored entities354,128 5,928 11,653 348,403 
Obligations of U.S. states and political subdivisions81,517 5,214 76,310 
Mortgage-backed securities – residential, issued by
U.S. Government agencies315,001 852 2,357 313,496 
U.S. Government sponsored entities582,741 6,712 1,821 587,632 
U.S. corporate debt securities2,500 53 2,447 
Total available-for-sale debt securities$1,391,379 $13,712 $23,023 $1,382,068 
Schedule of Available-for-Sale Securities
The following table summarizes held-to-maturity debt securities held by the Company at June 30, 2026 and December 31, 2025:
(In thousands)Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
June 30, 2026
U.S. Treasuries$85,718 $$7,603 $78,115 
Obligations of U.S. Government sponsored entities226,844 23,464 203,380 
Total held-to-maturity debt securities$312,562 $0 $31,067 $281,495 
December 31, 2025
U.S. Treasuries$85,831 $$7,037 $78,794 
Obligations of U.S. Government sponsored entities226,697 21,631 205,066 
Total held-to-maturity debt securities$312,528 $0 $28,668 $283,860 
The following table summarizes held-to-maturity debt securities that had unrealized losses at June 30, 2026 and December 31, 2025:
Less than 12 Months12 Months or LongerTotal
(In thousands)Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
June 30, 2026
U.S. Treasuries$$$78,115 $7,603 $78,115 $7,603 
Obligations of U.S. Government sponsored entities203,380 23,464 203,380 23,464 
Total held-to-maturity debt securities$0 $0 $281,495 $31,067 $281,495 $31,067 
December 31, 2025
U.S. Treasuries$$$78,794 $7,037 $78,794 $7,037 
Obligations of U.S. Government sponsored entities205,066 21,631 205,066 21,631 
Total held-to-maturity debt securities$0 $0 $283,860 $28,668 $283,860 $28,668 
Schedule of Debt Securities, Available for Sale with Unrealized Losses
The following table summarizes available-for-sale debt securities that had unrealized losses at June 30, 2026, and December 31, 2025:
Less than 12 Months12 Months or LongerTotal
(In thousands)Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
June 30, 2026
U.S. Treasuries$$$28,876 $2,008 $28,876 $2,008 
Obligations of U.S. Government sponsored entities49,276 485 140,991 12,312 190,267 12,797 
Obligations of U.S. states and political subdivisions5,280 31 60,510 5,168 65,790 5,199 
Mortgage-backed securities – residential, issued by
U.S. Government agencies242,854 4,616 11,387 230 254,241 4,846 
U.S. Government sponsored entities458,246 8,253 8,954 517 467,200 8,770 
U.S. corporate debt securities2,441 59 2,441 59 
Total available-for-sale debt securities$755,656 $13,385 $253,159 $20,294 $1,008,815 $33,679 
December 31, 2025
U.S. Treasuries$$$38,936 $1,925 $38,936 $1,925 
Obligations of U.S. Government sponsored entities141,606 11,653 141,606 11,653 
Obligations of U.S. states and political subdivisions2,530 65,279 5,212 67,809 5,214 
Mortgage-backed securities – residential, issued by
U.S. Government agencies179,2502,12912,051228191,3012,357
U.S. Government sponsored entities291,4241,4527,990369299,4141,821
U.S. corporate debt securities2,447 53 2,447 53 
Total available-for-sale debt securities$473,204 $3,583 $268,309 $19,440 $741,513 $23,023 
Schedule of Amortized Cost and Estimated Fair Value of Debt Securities by Contractual Maturity
The amortized cost and estimated fair value of debt securities by contractual maturity are shown in the following table. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Mortgage-backed securities are shown separately since they are not due at a single maturity date.
June 30, 2026December 31, 2025
(In thousands)Amortized CostFair ValueAmortized CostFair Value
Available-for-sale debt securities:
Due in one year or less$54,514 $54,416 $74,224 $74,109 
Due after one year through five years223,063 213,547 238,913 231,336 
Due after five years through ten years198,050 190,647 180,500 175,495 
Due after ten years2,155 2,143 
Total477,782 460,753 493,637 480,940 
Mortgage-backed securities942,107 932,308 897,742 901,128 
Total available-for-sale debt securities$1,419,889 $1,393,061 $1,391,379 $1,382,068 
June 30, 2026December 31, 2025
(In thousands)Amortized CostFair ValueAmortized CostFair Value
Held-to-maturity debt securities:
Due after one year through five years$272,807 $246,777 $174,870 $160,547 
Due after five years through ten years39,755 34,718 137,658 123,313 
Total held-to-maturity debt securities$312,562 $281,495 $312,528 $283,860