Securities (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
| Securities [Abstract] |
|
| Schedule of Fair Value Available-for-Sale Debt Securities |
The amortized cost, related estimated fair value, and unrealized gains and losses of available-for-sale debt securities were as follows at June 30, 2026 and December 31, 2025: | | | June 30, 2026 | | | | | | | | Gross | | | Gross | | | | | | | | Amortized | | | Unrealized | | | Unrealized | | | Fair | | | (In Thousands) | | Cost | | | Gains | | | Losses | | | Value | | | Obligations of U.S. Government agencies or corporations | | $ | 61,500 | | | $ | — | | | $ | (542 | ) | | $ | 60,958 | | | Mortgage-backed securities issued or guaranteed by U.S. Government agencies or corporations: | | | | | | | | | | | | | | | | | | Residential mortgage-backed securities | | | 187,375 | | | | 236 | | | | (9,571 | ) | | | 178,040 | | | Residential collateralized mortgage obligations | | | 5,344 | | | | 335 | | | | (3 | ) | | | 5,676 | | | Obligations of states and political subdivisions | | | 80,678 | | | | 2,683 | | | | (94 | ) | | | 83,267 | | | Other debt securities | | | 282 | | | | 2 | | | | — | | | | 284 | | | Total available-for-sale debt securities | | $ | 335,179 | | | $ | 3,256 | | | $ | (10,210 | ) | | $ | 328,225 | | | | | December 31, 2025 | | | | | | | | | | | Gross | | | Gross | | | | | | | | Amortized | | | Unrealized | | | Unrealized | | | Fair | | | (In Thousands) | | Cost | | | Gains | | | Losses | | | Value | | | Obligations of U.S. Government agencies or corporations | | $ | 54,500 | | | $ | — | | | $ | (897 | ) | | $ | 53,603 | | | Mortgage-backed securities issued or guaranteed by U.S. Government agencies or corporations: | | | | | | | | | | | | | | | | | | Residential mortgage-backed securities | | | 190,299 | | | | 1,132 | | | | (9,084 | ) | | | 182,347 | | | Residential collateralized mortgage obligations | | | 5,758 | | | | 459 | | | | — | | | | 6,217 | | | Obligations of states and political subdivisions | | | 81,625 | | | | 3,338 | | | | (73 | ) | | | 84,890 | | | Other debt securities | | | 180 | | | | 8 | | | | — | | | | 188 | | | Total available-for-sale debt securities | | $ | 332,362 | | | $ | 4,937 | | | $ | (10,054 | ) | | $ | 327,245 | |
|
| Schedule of Fair Value of Investment Securities Maturity |
The amortized cost and estimated fair value of investment securities, by expected maturity, are shown below at June 30, 2026. Expected maturities on debt securities will differ from contractual maturities, because some borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. | | | Amortized | | | | | | (In Thousands) | | Cost | | | Fair Value | | | Due in one year or less | | $ | 33,332 | | | $ | 33,017 | | | Due after one year to five years | | | 39,867 | | | | 39,804 | | | Due after five years to ten years | | | 32,981 | | | | 33,775 | | | Due after ten years | | | 36,280 | | | | 37,913 | | | Sub-total | | | 142,460 | | | | 144,509 | | | | | | | | | | | | | Residential mortgage-backed securities | | | 187,375 | | | | 178,040 | | | Residential collateralized mortgage obligations | | | 5,344 | | | | 5,676 | | | Total available-for-sale debt securities | | $ | 335,179 | | | $ | 328,225 | |
|
| Schedule of Gains and losses Realized on Sales of Available-for-Sale Debt Securities |
The following table presents the gross proceeds received, and gross realized gains and losses, on sales and calls of available-for-sale debt securities for the three and six months ended June 30, 2026 and 2025. Gains and losses realized on sales and calls of available-for-sale debt securities are included in non-interest income in the Consolidated Statements of Income. | | | For the Three Months June 30, | | | For the Six Months Ended June 30, | | | (In Thousands) | | 2026 | | | 2025 | | | 2026 | | | 2025 | | | Gross proceeds received | | $ | 11,266 | | | $ | 29,574 | | | $ | 11,266 | | | $ | 29,574 | | | Gross realized gains | | | 43 | | | | — | | | | 43 | | | | — | | | Gross realized losses | | | (1,488 | ) | | | (426 | ) | | | (1,488 | ) | | | (426 | ) |
|
| Schedule of Fair Value Allowance for Credit Losses |
The following summary shows the gross unrealized losses and fair value, aggregated by investment category of those individual securities for which an allowance for credit losses has not been recorded that have been in a continuous unrealized loss position for less than or more than 12 months as of June 30, 2026 and December 31, 2025: | | | June 30, 2026 | | | | | Less than Twelve Months | | | Twelve Months or Greater | | | Total | | | | | | | | Gross | | | | | | Gross | | | | | | Gross | | | | | Fair | | | Unrealized | | | Fair | | | Unrealized | | | Fair | | | Unrealized | | | (In Thousands) | | Value | | | Losses | | | Value | | | Losses | | | Value | | | Losses | | | Obligations of U.S. Government agencies or corporations | | $ | 29,871 | | | $ | (229 | ) | | $ | 31,186 | | | $ | (313 | ) | | $ | 61,057 | | | $ | (542 | ) | | Mortgage-backed securities issued or guaranteed by U.S. Government agencies or corporations: | | | | | | | | | | | | | | | | | | | | | | | | | | Residential mortgage-backed securities | | | 77,028 | | | | (1,691 | ) | | | 69,044 | | | | (7,880 | ) | | | 146,072 | | | | (9,571 | ) | | Residential collateralized mortgage obligations | | | 320 | | | | (3 | ) | | | — | | | | | | | | 320 | | | | (3 | ) | | Obligations of states and political subdivisions | | | 9,034 | | | | (74 | ) | | | 399 | | | | (20 | ) | | | 9,433 | | | | (94 | ) | | Total available-for-sale debt securities | | $ | 116,253 | | | $ | (1,997 | ) | | $ | 100,629 | | | $ | (8,213 | ) | | $ | 216,882 | | | $ | (10,210 | ) | | | | December 31, 2025 | | | | | Less than Twelve Months | | | Twelve Months or Greater | | | Total | | | | | | | | Gross | | | | | | Gross | | | | | | Gross | | | | | Fair | | | Unrealized | | | Fair | | | Unrealized | | | Fair | | | Unrealized | | | (In Thousands) | | Value | | | Losses | | | Value | | | Losses | | | Value | | | Losses | | | Obligations of U.S. Government agencies or corporations | | $ | — | | | $ | — | | | $ | 53,603 | | | $ | (897 | ) | | $ | 53,603 | | | $ | (897 | ) | | Mortgage-backed securities issued or guaranteed by U.S. Government agencies or corporations: | | | | | | | | | | | | | | | | | | | | | | | | | | Residential mortgage-backed securities | | | 36,300 | | | | (208 | ) | | | 87,734 | | | | (8,876 | ) | | | 124,034 | | | | (9,084 | ) | | Obligations of states and political subdivisions | | | 2,995 | | | | (19 | ) | | | 2,498 | | | | (54 | ) | | | 5,493 | | | | (73 | ) | | Total available-for-sale debt securities | | $ | 39,295 | | | $ | (227 | ) | | $ | 143,835 | | | $ | (9,827 | ) | | $ | 183,130 | | | $ | (10,054 | ) |
|
| Schedule of Gains and Losses Securities |
The following is a summary of unrealized and realized gains and losses recognized in net income on marketable equity securities during the three and six months ended June 30, 2026 and 2025: | | | For the Three Months | | | For the Six Months Ended | | | | | Ended June 30, | | | June 30, | | | (In Thousands) | | 2026 | | | 2025 | | | 2026 | | | 2025 | | | Net gains (losses) recognized during the period on marketable equity securities | | $ | 126 | | | $ | 14 | | | $ | 205 | | | $ | (20 | ) | | | | | | | | | | | | | | | | | | | | Less: Net gains (losses) recognized during the period on marketable equity securities sold during the period | | | — | | | | — | | | | — | | | | — | | | | | | | | | | | | | | | | | | | | | Unrealized gains (losses) recognized during the period on marketable equity securities still held at the reporting date | | $ | 126 | | | $ | 14 | | | $ | 205 | | | $ | (20 | ) |
|