Junior Subordinated Debt/Trust Preferred Securities (Tables)

9 Months Ended

Sep. 30, 2024

Junior Subordinated Debt/Trust Preferred Securities [Abstract]

Schedule of Debt

The following table sets forth the Company’s credit lines, balances outstanding, and pledged collateral:

(In thousands)	September 30, 2024		December 31, 2023
Unsecured credit lines:
Credit limit	$	90,000	$	80,000
Balance outstanding	4,000		2,000
Federal Home Loan Bank:
Credit limit	130,988		128,935
Balance outstanding	30,000		60,000
Collateral pledged	230,085		232,144
Federal Reserve Bank:
Credit limit	503,412		463,501
Balance outstanding	—		—
Collateral pledged	636,877		608,045

The following table provides detail on the Company’s junior subordinated debt/trust preferred securities:

	Three Months Ended						Nine Months Ended
(In thousands)	September 30, 2024			September 30, 2023			September 30, 2024			September 30, 2023
Net fair value calculation gain (loss)	$	65		$	(234)		$	(179)		$	29
Other comprehensive income (loss) gain	(596)			576			(321)			523
Recognized gain (loss) on fair value	661			(811)			141			(553)
Cumulative gain recorded	1,282			1,702			1,282			1,702
Discount rate	5.83		%	7.23		%	5.83		%	7.23		%