v3.26.1
Investment in Securities (Tables)
6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investment Securities The amortized cost, gross unrealized gains, gross unrealized losses and fair value of investment securities are summarized as follows:
June 30, 2026
(In thousands)Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
State and political subdivisions $221,180 $3,221 $(10,941)$213,460 
Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises504,340 189 (31,115)473,414 
Corporate bonds 30,767 — (2,143)28,624 
Asset backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises21,478 — (186)21,292 
Total $777,765 $3,410 $(44,385)$736,790 
December 31, 2025
(In thousands)Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
State and political subdivisions $247,716 $3,228 $(10,733)$240,211 
Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises503,599 2,144 (27,047)478,696 
Corporate bonds30,895 — (1,999)28,896 
Asset backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises23,294 — (325)22,969 
Total $805,504 $5,372 $(40,104)$770,772 
Schedule of Unrealized Loss on Investments
The fair values of investment securities with unrealized losses are as follows:
June 30, 2026
Less than 12 months12 months or moreTotal
(In thousands)Estimated
Fair Value
Unrealized
Losses
Estimated
Fair Value
Unrealized
Losses
Estimated
Fair Value
Unrealized
Losses
State and political subdivisions $5,882 $$105,314 $10,936 $111,196 $10,941 
Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises289,427 5,319 136,257 25,796 425,684 31,115 
Corporate bonds— — 28,624 2,143 28,624 2,143 
Asset backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises— — 21,292 186 21,292 186 
Total $295,309 $5,324 $291,487 $39,061 $586,796 $44,385 
December 31, 2025
Less than 12 months12 months or moreTotal
(In thousands)Estimated
Fair Value
Unrealized
Losses
Estimated
Fair Value
Unrealized
Losses
Estimated
Fair Value
Unrealized
Losses
State and political subdivisions $— $— $139,379 $10,733 $139,379 $10,733 
Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises148,111 1,733 155,353 25,314 303,464 27,047 
Corporate bonds— — 28,896 1,999 28,896 1,999 
Asset backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises— — 22,969 325 22,969 325 
Total $148,111 $1,733 $346,597 $38,371 $494,708 $40,104