v3.26.1
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 )