INVESTMENT SECURITIES (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| INVESTMENT SECURITIES |
|
| Schedule of amortized cost and fair values of securities |
| | | | | | | | | | | | | | | June 30, 2026 | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | | | Cost | | Gains | | Losses | | Value | | | | (In Thousands) | AVAILABLE-FOR-SALE SECURITIES: | | | | | | | | | | | | | Agency mortgage-backed securities | | $ | 314,248 | | $ | 134 | | $ | 27,248 | | $ | 287,134 | Agency collateralized mortgage obligations | | | 118,678 | | | 267 | | | 6,114 | | | 112,831 | States and political subdivisions | | | 53,102 | | | 88 | | | 1,495 | | | 51,695 | Small Business Administration securities | | | 57,926 | | | — | | | 5,791 | | | 52,135 | | | $ | 543,954 | | $ | 489 | | $ | 40,648 | | $ | 503,795 |
| | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | | | | | | Amortized | | Gross | | Gross | | | | | Amortized | | Fair Value | | Carrying | | Unrealized | | Unrealized | | Fair | | | Cost | | Adjustment | | Value | | Gains | | Losses | | Value | | | | (In Thousands) | HELD-TO-MATURITY SECURITIES: | | | | | | | | | | | | | | | | | | | Agency mortgage-backed securities | | $ | 69,051 | | $ | 1,045 | | $ | 70,096 | | $ | — | | $ | 5,997 | | $ | 64,099 | Agency collateralized mortgage obligations | | | 100,761 | | | (1,691) | | | 99,070 | | | — | | | 10,980 | | | 88,090 | States and political subdivisions | | | 6,066 | | | 32 | | | 6,098 | | | — | | | 415 | | | 5,683 | | | $ | 175,878 | | $ | (614) | | $ | 175,264 | | $ | — | | $ | 17,392 | | $ | 157,872 |
| | | | | | | | | | | | | | | December 31, 2025 | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | | | Cost | | Gains | | Losses | | Value | | | | (In Thousands) | AVAILABLE-FOR-SALE SECURITIES: | | | | | | | | | | | | | Agency mortgage-backed securities | | $ | 325,618 | | $ | 805 | | $ | 25,174 | | $ | 301,249 | Agency collateralized mortgage obligations | | | 120,465 | | | 933 | | | 6,065 | | | 115,333 | States and political subdivisions securities | | | 53,347 | | | 89 | | | 2,038 | | | 51,398 | Small Business Administration securities | | | 61,000 | | | 14 | | | 5,163 | | | 55,851 | | | $ | 560,430 | | $ | 1,841 | | $ | 38,440 | | $ | 523,831 |
| | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | | | | | | | Amortized | | Gross | | Gross | | | | | | Amortized | | Fair Value | | Carrying | | Unrealized | | Unrealized | | Fair | | | Cost | | Adjustment | | Value | | Gains | | Losses | | Value | | | | (In Thousands) | HELD-TO-MATURITY SECURITIES: | | | | | | | | | | | | | | | | | | | Agency mortgage-backed securities | | $ | 69,713 | | $ | 1,313 | | $ | 71,026 | | $ | — | | $ | 5,694 | | $ | 65,332 | Agency collateralized mortgage obligations | | | 103,918 | | | (1,857) | | | 102,061 | | | — | | | 10,424 | | | 91,637 | States and political subdivisions | | | 6,086 | | | 27 | | | 6,113 | | | — | | | 453 | | | 5,660 | | | $ | 179,717 | | $ | (517) | | $ | 179,200 | | $ | — | | $ | 16,571 | | $ | 162,629 |
|
| Schedule of amortized cost and fair value of available-for-sale and held-to-maturity securities by contractual maturity |
| | | | | | | | | | | | | | | Available-for-Sale | | Held-to-Maturity | | | Amortized | | Fair | | Amortized | | Fair | | | Cost | | Value | | Carrying Value | | Value | | | | (In Thousands) | One year or less | | $ | — | | $ | — | | $ | — | | $ | — | After one through two years | | | 1,038 | | | 1,047 | | | — | | | — | After two through three years | | | — | | | — | | | — | | | — | After three through four years | | | — | | | — | | | — | | | — | After four through five years | | | — | | | — | | | — | | | — | After five through fifteen years | | | 28,327 | | | 27,636 | | | 6,097 | | | 5,682 | After fifteen years | | | 23,737 | | | 23,012 | | | — | | | — | Securities not due on a single maturity date | | | 490,852 | | | 452,100 | | | 169,167 | | | 152,190 | | | $ | 543,954 | | $ | 503,795 | | $ | 175,264 | | $ | 157,872 |
|
| Schedule of 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 |
| | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | | Less than 12 Months | | 12 Months or More | | Total | | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | Description of Securities | | Value | | Losses | | Value | | Losses | | Value | | Losses | | | | (In Thousands) | AVAILABLE-FOR-SALE SECURITIES: | | | | | | | | | | | | | | | | | | | Agency mortgage-backed securities | | $ | 34,247 | | $ | (243) | | $ | 230,625 | | $ | (27,005) | | $ | 264,872 | | $ | (27,248) | Agency collateralized mortgage obligations | | | 9,070 | | | (104) | | | 59,225 | | | (6,010) | | | 68,295 | | | (6,114) | States and political subdivisions securities | | | 4,801 | | | (51) | | | 39,665 | | | (1,444) | | | 44,466 | | | (1,495) | Small Business Administration securities | | | 6,653 | | | (124) | | | 45,482 | | | (5,667) | | | 52,135 | | | (5,791) | | | $ | 54,771 | | $ | (522) | | $ | 374,997 | | $ | (40,126) | | $ | 429,768 | | $ | (40,648) | | | | | | | | | | | | | | | | | | | | HELD-TO-MATURITY SECURITIES: | | | | | | | | | | | | | | | | | | | Agency mortgage-backed securities | | $ | — | | $ | — | | $ | 64,100 | | $ | (5,997) | | $ | 64,100 | | $ | (5,997) | Agency collateralized mortgage obligations | | | — | | | — | | | 88,090 | | | (10,980) | | | 88,090 | | | (10,980) | States and political subdivisions securities | | | — | | | — | | | 5,682 | | | (415) | | | 5,682 | | | (415) | | | $ | — | | $ | — | | $ | 157,872 | | $ | (17,392) | | $ | 157,872 | | $ | (17,392) |
| | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | Less than 12 Months | | 12 Months or More | | Total | | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | Description of Securities | | Value | | Losses | | Value | | Losses | | Value | | Losses | | | | (In Thousands) | AVAILABLE-FOR-SALE SECURITIES: | | | | | | | | | | | | | | | | | | | Agency mortgage-backed securities | | $ | — | | $ | — | | $ | 241,503 | | $ | (25,174) | | $ | 241,503 | | $ | (25,174) | Agency collateralized mortgage obligations | | | — | | | — | | | 70,774 | | | (6,065) | | | 70,774 | | | (6,065) | States and political subdivisions securities | | | 4,409 | | | (109) | | | 43,528 | | | (1,929) | | | 47,937 | | | (2,038) | Small Business Administration securities | | | — | | | — | | | 48,807 | | | (5,163) | | | 48,807 | | | (5,163) | | | $ | 4,409 | | $ | (109) | | $ | 404,612 | | $ | (38,331) | | $ | 409,021 | | $ | (38,440) | | | | | | | | | | | | | | | | | | | | HELD-TO-MATURITY SECURITIES: | | | | | | | | | | | | | | | | | | | Agency mortgage-backed securities | | $ | — | | $ | — | | $ | 65,332 | | $ | (5,694) | | $ | 65,332 | | $ | (5,694) | Agency collateralized mortgage obligations | | | — | | | — | | | 91,637 | | | (10,424) | | | 91,637 | | | (10,424) | States and political subdivisions securities | | | — | | | — | | | 5,660 | | | (453) | | | 5,660 | | | (453) | | | $ | — | | $ | — | | $ | 162,629 | | $ | (16,571) | | $ | 162,629 | | $ | (16,571) |
|