v3.26.1
Investment Securities (Tables)
 6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of amortized cost and fair value of securities
Fair value of equity securities with readily determinable fair values at June 30, 2026 and December 31, 2025 are as follows:
(In thousands)Fair Value at Beginning of Period(Losses) GainsFair Value at End of Period
Six Months Ended June 30, 2026
CRA Mutual Fund$949 $(11)$938 
Twelve Months Ended December 31, 2025
CRA Mutual Fund$919 $30 $949 
Amortized cost and fair value of investment securities were as follows:
(In thousands)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
June 30, 2026
Available for Sale
U.S. Government and agencies$59,375 $— $6,276 $53,099 
Collateralized mortgage obligations95,325 64 3,370 92,019 
Residential mortgage-backed securities179,499 140 13,780 165,859 
Commercial mortgage-backed securities120,747 278 4,277 116,748 
State and municipal10,599 8 85 10,522 
Corporate bonds28,547 88 666 27,969 
Total$494,092 $578 $28,454 $466,216 
Held to Maturity
State and municipal$61,825 $— $6,022 $55,803 
Residential mortgage-backed securities795 — 22 773 
Total$62,620 $— $6,044 $56,576 
December 31, 2025
Available for Sale
U.S. Government and agencies$65,570 $— $6,218 $59,352 
Collateralized mortgage obligations75,982 243 2,195 74,030 
Residential mortgage-backed securities186,203 426 12,941 173,688 
Commercial mortgage-backed securities124,996 957 3,744 122,209 
State and municipal8,499 — 49 8,450 
Corporate bonds29,871 334 1,040 29,165 
Total$491,121 $1,960 $26,187 $466,894 
Held to Maturity
State and municipal$62,200 $— $5,726 $56,474 
Residential mortgage-backed securities1,088 — 25 1,063 
Total$63,288 $— $5,751 $57,537 
Schedule of unrealized losses and fair value
The following table shows the Corporation’s investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position:
Less than 12 Months12 Months or MoreTotal
(In thousands)Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses
June 30, 2026
Available for Sale
U.S. Government and agencies$— $— $53,099 $6,276 $53,099 $6,276 
Collateralized mortgage obligations53,258 983 29,533 2,387 82,791 3,370 
Residential mortgage-backed securities33,324 502 116,044 13,278 149,368 13,780 
Commercial mortgage-backed securities49,365 590 24,393 3,687 73,758 4,277 
State and municipal8,356 85 — — 8,356 85 
Corporate bonds2,896 43 7,683 623 10,579 666 
Total$147,199 $2,203 $230,752 $26,251 $377,951 $28,454 
Held to Maturity
State and municipal$4,290 $113 $50,163 $5,909 $54,453 $6,022 
Residential mortgage-backed securities— — 773 22 773 22 
Total$4,290 $113 $50,936 $5,931 $55,226 $6,044 
December 31, 2025
Available for Sale
U.S. Government and agencies$— $— $59,352 $6,218 $59,352 $6,218 
Collateralized mortgage obligations17,854 46 32,189 2,149 50,043 2,195 
Residential mortgage-backed securities30,048 115 125,171 12,826 155,219 12,941 
Commercial mortgage-backed securities33,179 51 26,210 3,693 59,389 3,744 
State and municipal8,450 49 — — 8,450 49 
Corporate bonds— — 11,060 1,040 11,060 1,040 
Total$89,531 $261 $253,982 $25,926 $343,513 $26,187 
Held to Maturity
State and municipal$— $— $56,474 $5,726 $56,474 $5,726 
Residential mortgage-backed securities— — 1,063 25 1,063 25 
Total$— $— $57,537 $5,751 $57,537 $5,751 
Credit quality of HTM debt securities
The Company monitors the credit quality of HTM debt securities through the use of credit analysis on a quarterly basis. The credit quality indicators were updated as of June 30, 2026. The following table shows the amortized cost of HTM debt securities as of June 30, 2026 and December 31, 2025, aggregated by credit quality indicator:
(In thousands)A+ Rated
or Higher		Not Rated
June 30, 2026
State and political subdivisions$61,825 $— 
Residential mortgage-backed securities— 795 
Total$61,825 $795 
December 31, 2025
State and political subdivisions$62,200 $— 
Residential mortgage-backed securities— 1,088 
Total$62,200 $1,088 
Schedule of amortized cost and fair value by contractual maturity
Amortized cost and fair value at June 30, 2026, by contractual maturity, where applicable, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay with or without penalties. Securities not due at a single maturity date are shown separately below.
Available for SaleHeld to Maturity
(In thousands)Amortized
Cost		Fair
Value		Amortized
Cost		Fair
Value
1 year or less$4,061 $3,979 $— $— 
Over 1 year through 5 years59,962 55,596 6,587 6,140 
Over 5 years through 10 years23,899 21,493 37,698 35,208 
Over 10 years10,599 10,522 17,540 14,455 
Mortgage-backed securities395,571 374,626 795 773 
 Total$494,092 $466,216 $62,620 $56,576 
Gain (Loss) on Securities
The proceeds from sales and calls of investment securities and the associated gains and losses are listed below:
Three Months Ended June 30,Six Months Ended June 30,
(In thousands)2026202520262025
Proceeds from sales$— $389 $22,193 $98,272 
Proceeds from calls12,959 11,822 23,180 12,322 
Gross gains— 56 187 56 
Gross losses— 34 138 34