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Securities (Tables)
 3 Months Ended
Mar. 31, 2020
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 March 31, 2020
                        
State & municipal
  
$
2,533
    
$
86
    
$
-
    
$
2,619
  
Mortgage-backed:
                                
Government-sponsored enterprises
    
465,033
      
15,787
      
-
      
480,820
  
U.S. government agency securities
    
50,109
      
1,249
      
55
      
51,303
  
Collateralized mortgage obligations:
                                
Government-sponsored enterprises
    
308,833
      
9,221
      
95
      
317,959
  
U.S. government agency securities
    
146,350
      
1,997
      
68
      
148,279
  
Total AFS securities
  
$
972,858
    
$
28,340
    
$
218
    
$
1,000,980
  
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
  
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 accumulated other comprehensive income (loss) (“AOCI”) and into earnings.

  
Three Months Ended
March 31,
  
(In thousands)
  
2020
    
2019
  
Gross realized gains
  
$
3
    
$
53
  
Gross realized (losses)
    
-
      
(152
)
Net AFS realized gains (losses)
  
$
3
    
$
(99
)
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 securities HTM are as follows:

(In thousands)
  
Amortized
Cost
    
Unrealized
Gains
    
Unrealized
Losses
    
Estimated
Fair Value
  
As of March 31, 2020
                        
Mortgage-backed:
                        
Government-sponsored enterprises
  
$
151,588
    
$
7,020
    
$
-
    
$
158,608
  
U.S. government agency securities
    
12,236
      
815
      
-
      
13,051
  
Collateralized mortgage obligations:
                                
Government-sponsored enterprises
    
171,397
      
5,990
      
-
      
177,387
  
    U.S. government agency securities
    
105,704
      
4,133
      
-
      
109,837
  
State & municipal
    
180,434
      
3,127
      
119
      
183,442
  
Total HTM securities
  
$
621,359
    
$
21,085
    
$
119
    
$
642,325
  
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
  
Gains and Losses on Equity Securities
The following table sets forth information with regard to gains and losses on equity securities:

  
Three Months Ended March 31,
  
(In thousands)
  
2020
    
2019
  
Net gains and losses recognized on equity securities
  
$
(815
)
  
$
156
  
Less: Net gains and losses recognized during the period on equity securities sold during the period
    
-
      
-
  
Unrealized gains and losses recognized on equity securities still held
  
$
(815
)
  
$
156
  
Contractual Maturities of Debt Securities
The following table sets forth information with regard to contractual maturities of debt securities at March 31, 2020:

(In thousands)
  
Amortized
Cost
    
Estimated
Fair Value
  
AFS debt securities:
            
Within one year
  
$
473
    
$
484
  
From one to five years
    
17,006
      
17,501
  
From five to ten years
    
146,941
      
151,270
  
After ten years
    
808,438
      
831,725
  
Total AFS debt securities
  
$
972,858
    
$
1,000,980
  
HTM debt securities:
                
Within one year
  
$
26,569
    
$
26,581
  
From one to five years
    
60,261
      
60,859
  
From five to ten years
    
159,181
      
164,806
  
After ten years
    
375,348
      
390,079
  
Total HTM debt securities
  
$
621,359
    
$
642,325
  
Investment Securities with Unrealized Losses
The following table sets forth information with regard to investment securities with unrealized losses, for which an allowance for credit losses has not been recorded at March 31, 2020, 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 March 31, 2020
                                                      
AFS securities:
                                                      
Mortgage-backed
  
$
6,003
    
$
(46
)
    
3
    
$
789
    
$
(9
)
    
2
    
$
6,792
    
$
(55
)
    
5
  
Collateralized mortgage obligations
    
42,517
      
(120
)
    
13
      
3,161
      
(43
)
    
1
      
45,678
      
(163
)
    
14
  
Total securities with unrealized losses
  
$
48,520
    
$
(166
)
    
16
    
$
3,950
    
$
(52
)
    
3
    
$
52,470
    
$
(218
)
    
19
  
                                                                         
HTM securities:
                                                                        
State & municipal
  
$
3,338
    
$
(119
)
    
4
    
$
-
    
$
-
      
-
    
$
3,338
    
$
(119
)
    
4
  
Total securities with unrealized losses
  
$
3,338
    
$
(119
)
    
4
    
$
-
    
$
-
      
-
    
$
3,338
    
$
(119
)
    
4
  
                                                                         
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