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Securities (Tables)
 12 Months Ended
Dec. 31, 2019
Securities [Abstract]  
Amortized Cost, Estimated Fair Value and Unrealized Gains (Losses) of Available for Sale ("AFS") Securities
The amortized cost, estimated fair value and unrealized gains (losses) of AFS securities are as follows:

(In thousands)
  
Amortized Cost
    
Unrealized Gains
    
Unrealized Losses
    
Estimated Fair Value
  
As of December 31, 2019
                        
Federal agency
  
$
34,998
    
$
3
    
$
243
    
$
34,758
  
State & municipal
    
2,533
      
-
      
20
      
2,513
  
Mortgage-backed:
                                
Government-sponsored enterprises
    
453,614
      
4,982
      
239
      
458,357
  
U.S. government agency securities
    
44,758
      
667
      
156
      
45,269
  
Collateralized mortgage obligations:
                                
Government-sponsored enterprises
    
328,499
      
1,949
      
467
      
329,981
  
U.S. government agency securities
    
104,152
      
718
      
408
      
104,462
  
Total AFS securities
  
$
968,554
    
$
8,319
    
$
1,533
    
$
975,340
  
As of December 31, 2018
                                
Federal agency
  
$
84,982
    
$
10
    
$
693
    
$
84,299
  
State & municipal
    
30,136
      
16
      
237
      
29,915
  
Mortgage-backed:
                                
Government-sponsored enterprises
    
493,225
      
439
      
10,354
      
483,310
  
U.S. government securities
    
29,190
      
270
      
475
      
28,985
  
Collateralized mortgage obligations:
                                
Government-sponsored enterprises
    
332,409
      
344
      
7,211
      
325,542
  
U.S. government securities
    
47,684
      
137
      
1,376
      
46,445
  
Total AFS securities
  
$
1,017,626
    
$
1,216
    
$
20,346
    
$
998,496
  
Components of Net Realized Gains (Losses) on Sale of AFS Securities
The components of net realized gains (losses) on the sale of AFS securities are as follows. These amounts were reclassified out of AOCI and into earnings:


  
Years Ended December 31,
  
(In thousands)
  
2019
    
2018
    
2017
  
Gross realized gains
  
$
73
    
$
-
    
$
2,241
  
Gross realized (losses)
    
(152
)
    
(6,622
)
    
(372
)
Net AFS realized (losses) gains
  
$
(79
)
  
$
(6,622
)
  
$
1,869
  
Amortized Cost, Estimated Fair Value, and Unrealized Gains (Losses) of Held to Maturity Securities
The amortized cost, estimated fair value and unrealized gains (losses) of HTM securities are as follows:

(In thousands)
  
Amortized
Cost
    
Unrealized
Gains
    
Unrealized
Losses
    
Estimated
Fair Value
  
As of December 31, 2019
                        
Mortgage-backed:
                        
Government-sponsored enterprises
  
$
149,448
    
$
3,184
    
$
155
    
$
152,477
  
U.S. government agency securities
    
13,667
      
584
      
-
      
14,251
  
Collateralized mortgage obligations:
                                
Government-sponsored enterprises
    
189,402
      
2,165
      
368
      
191,199
  
U.S. government agency securities
    
110,498
      
3,256
      
100
      
113,654
  
State & municipal
    
167,059
      
2,628
      
6
      
169,681
  
Total HTM securities
  
$
630,074
    
$
11,817
    
$
629
    
$
641,262
  
As of December 31, 2018
                                
Federal agency
  
$
19,995
    
$
52
    
$
-
    
$
20,047
  
Mortgage-backed:
                                
Government-sponsored enterprises
    
164,618
      
712
      
2,773
      
162,557
  
U.S. government agency securities
    
15,230
      
403
      
-
      
15,633
  
Collateralized mortgage obligations:
                                
Government-sponsored enterprises
    
257,475
      
1,097
      
3,897
      
254,675
  
U.S. government agency securities
    
83,148
      
767
      
-
      
83,915
  
State & municipal
    
243,133
      
331
      
1,616
      
241,848
  
Total HTM securities
  
$
783,599
    
$
3,362
    
$
8,286
    
$
778,675
  
Investment Securities with Unrealized Losses
The following table sets forth information with regard to investment securities with unrealized losses segregated according to the length of time the securities had been in a continuous unrealized loss position:


  
Less Than 12 Months
    
12 Months or Longer
    
Total
  
(In thousands)
  
Fair
Value
    
Unrealized
Losses
    
Number
of
Positions
    
Fair
Value
    
Unrealized
Losses
    
Number
of
Positions
    
Fair
Value
    
Unrealized
Losses
    
Number
of
Positions
  
As of December 31, 2019
                                                  
AFS securities:
                                                      
Federal agency
  
$
14,891
    
$
(109
)
    
2
    
$
9,866
    
$
(134
)
    
1
    
$
24,757
    
$
(243
)
    
3
  
State & municipal
    
2,503
      
(20
)
    
1
      
-
      
-
      
-
      
2,503
      
(20
)
    
1
  
Mortgage-backed
    
67,986
      
(273
)
    
21
      
37,745
      
(122
)
    
16
      
105,731
      
(395
)
    
37
  
Collateralized Mortgage obligations
    
113,121
      
(316
)
    
24
      
49,632
      
(559
)
    
17
      
162,753
      
(875
)
    
41
  
Total securities with unrealized losses
  
$
198,501
    
$
(718
)
    
48
    
$
97,243
    
$
(815
)
    
34
    
$
295,744
    
$
(1,533
)
    
82
  
                                                                         
HTM securities:
                                                                        
Mortgage-backed
  
$
-
    
$
-
      
-
    
$
25,370
    
$
(155
)
    
2
    
$
25,370
    
$
(155
)
    
2
  
Collateralized mortgage obligations
    
18,040
      
(181
)
    
3
      
22,389
      
(287
)
    
5
      
40,429
      
(468
)
    
8
  
State & municipal
    
2,257
      
(6
)
    
4
      
-
      
-
      
-
      
2,257
      
(6
)
    
4
  
Total securities with unrealized losses
  
$
20,297
    
$
(187
)
    
7
    
$
47,759
    
$
(442
)
    
7
    
$
68,056
    
$
(629
)
    
14
  
                                                                         
As of December 31, 2018
                                                                  
AFS securities:
                                                                        
Federal agency
  
$
-
    
$
-
      
-
    
$
64,294
    
$
(693
)
    
6
    
$
64,294
    
$
(693
)
    
6
  
State & municipal
    
1,715
      
(3
)
    
3
      
22,324
      
(234
)
    
35
      
24,039
      
(237
)
    
38
  
Mortgage-backed
    
18,462
      
(65
)
    
12
      
428,440
      
(10,764
)
    
101
      
446,902
      
(10,829
)
    
113
  
Collateralized mortgage obligations
    
12,118
      
(69
)
    
5
      
320,908
      
(8,518
)
    
62
      
333,026
      
(8,587
)
    
67
  
Total securities with unrealized losses
  
$
32,295
    
$
(137
)
    
20
    
$
835,966
    
$
(20,209
)
    
204
    
$
868,261
    
$
(20,346
)
    
224
  
                                                                         
HTM securities:
                                                                        
Mortgage-backed
  
$
-
    
$
-
      
-
    
$
82,579
    
$
(2,773
)
    
6
    
$
82,579
    
$
(2,773
)
    
6
  
Collateralized mortgage obligations
    
4,386
      
(7
)
    
2
      
145,396
      
(3,890
)
    
26
      
149,782
      
(3,897
)
    
28
  
State & municipal
    
18,907
      
(84
)
    
30
      
58,258
      
(1,532
)
    
86
      
77,165
      
(1,616
)
    
116
  
Total securities with unrealized losses
  
$
23,293
    
$
(91
)
    
32
    
$
286,233
    
$
(8,195
)
    
118
    
$
309,526
    
$
(8,286
)
    
150
  
Gains and Losses on Equity Securities
The following tables set forth information with regard to gains and losses on equity securities:


  
Years ended
December 31,
  
(In thousands)
  
2019
    
2018
  
Net gains and losses recognized on equity securities
  
$
4,280
    
$
281
  
Less: Net gains and losses recognized during the period on equity securities sold during the period
    
3,966
      
555
  
Unrealized gains and losses recognized on equity securities still held
  
$
314
    
$
(274
)
Contractual Maturities of Debt Securities
The following tables set forth information with regard to contractual maturities of debt securities at December 31, 2019:

(In thousands)
  
Amortized
Cost
    
Estimated Fair
Value
  
AFS debt securities:
            
Within one year
  
$
268
    
$
272
  
From one to five years
    
28,692
      
28,668
  
From five to ten years
    
170,771
      
171,943
  
After ten years
    
768,823
      
774,457
  
Total AFS debt securities
  
$
968,554
    
$
975,340
  
HTM debt securities:
                
Within one year
  
$
27,010
    
$
27,010
  
From one to five years
    
53,895
      
54,358
  
From five to ten years
    
171,942
      
175,630
  
After ten years
    
377,227
      
384,264
  
Total HTM debt securities
  
$
630,074
    
$
641,262