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Securities (Tables)
 6 Months Ended
Jun. 30, 2022
Securities [Abstract]  
Amortized Cost, Estimated Fair Value and Unrealized Gains and Losses of AFS Securities
The amortized cost, estimated fair value and unrealized gains and losses of AFS securities are as follows:

(In thousands)
  
Amortized
Cost
    
Unrealized
Gains
    
Unrealized
Losses
    
Estimated
Fair Value
  
As of June 30, 2022
                        
U.S. treasury
   $
122,569     $
-     $ 7,392     $
115,177  
Federal agency
  

248,436
    

-
    

31,004
    

217,432
  
State & municipal
    
98,322
      
10
      
10,373
      
87,959
  
Mortgage-backed:
                                
Government-sponsored enterprises
    
488,032
      
43
      
37,701
      
450,374
  
U.S. government agency securities
    
75,747
      
42
      
4,118
      
71,671
  
Collateralized mortgage obligations:
                                
Government-sponsored enterprises
    
495,186
      
73
      
36,802
      
458,457
  
U.S. government agency securities
    
178,399
      
17
      
13,310
      
165,106
  
Corporate
    
56,000
      
-
      
2,820
      
53,180
  
Total AFS securities
  
$
1,762,691
    
$
185
    
$
143,520
    
$
1,619,356
  
As of December 31, 2021
                                
U.S. treasury
   $
73,016     $
59     $
6     $
73,069  
Federal agency
  

248,454
    

-
    

8,523
    

239,931
  
State & municipal
    
95,531
      
116
      
1,559
      
94,088
  
Mortgage-backed:
                                
Government-sponsored enterprises
    
538,036
      
8,036
      
5,589
      
540,483
  
U.S. government agency securities
    
65,339
      
1,108
      
255
      
66,192
  
Collateralized mortgage obligations:
                                
Government-sponsored enterprises
    
484,550
      
2,723
      
5,113
      
482,160
  
U.S. government agency securities
    
139,380
      
939
      
884
      
139,435
  
Corporate
    
50,500
      
1,516
      
13
      
52,003
  
Total AFS securities
  
$
1,694,806
    
$
14,497
    
$
21,942
    
$
1,687,361
  
Amortized Cost, Estimated Fair Value, and Unrealized Gains and Losses of HTM Securities
The amortized cost, estimated fair value and unrealized gains and losses of HTM securities are as follows:

(In thousands)
  
Amortized
Cost
    
Unrealized
Gains
    
Unrealized
Losses
    
Estimated
Fair Value
  
As of June 30, 2022
                        
Federal agency
  
$
100,000
    
$
-
    
$
15,150
    
$
84,850
  
Mortgage-backed:
                                
Government-sponsored enterprises
    
261,323
      
-
      
26,711
      
234,612
  
U.S. government agency securities
    
7,416
      
9
      
104
      
7,321
  
Collateralized mortgage obligations:
                                
Government-sponsored enterprises
    
209,232
      
478
      
6,049
      
203,661
  
U.S. government agency securities
    
70,335
      
16
      
5,955
      
64,396
  
State & municipal
    
288,206
      
66
      
18,878
      
269,394
  
Total HTM securities
  
$
936,512
    
$
569
    
$
72,847
    
$
864,234
  
As of December 31, 2021
                                
Federal agency
  
$
100,000
    
$
-
    
$
4,365
    
$
95,635
  
Mortgage-backed:
                                
Government-sponsored enterprises
    
161,462
      
2,232
      
1,319
      
162,375
  
U.S. government agency securities
    
9,112
      
514
      
-
      
9,626
  
Collateralized mortgage obligations:
                                
Government-sponsored enterprises
    
94,342
      
1,932
      
129
      
96,145
  
U.S. government agency securities
    
44,473
      
336
      
674
      
44,135
  
State & municipal
    
323,821
      
5,026
      
1,503
      
327,344
  
Total HTM securities
  
$
733,210
    
$
10,040
    
$
7,990
    
$
735,260
  
Gains and (Losses) on Equity Securities
The following tables set forth information with regard to gains and (losses) on equity securities:

 
Three Months Ended
June 30,
  
(In thousands)
  
2022
    
2021
  
Net (losses) and gains recognized on equity securities
  
$
(587
)
  
$
201
  
Less: Net (losses) and gains recognized on equity securities sold during the period
    
-
      
-
  
Unrealized (losses) and gains recognized on equity securities still held
  
$
(587
)
  
$
201
  

 
Six Months Ended
June 30,
  
(In thousands)
  
2022
    
2021
  
Net (losses) and gains recognized on equity securities
  
$
(770
)
  
$
653
  
Less: Net (losses) and gains recognized on equity securities sold during the period
    
-
      
-
  
Unrealized (losses) and gains recognized on equity securities still held
  
$
(770
)
  
$
653
  
Contractual Maturities of Debt Securities
The following table sets forth information with regard to contractual maturities of debt securities at June 30, 2022:

(In thousands)
  
Amortized
Cost
    
Estimated
Fair Value
  
AFS debt securities:
            
Within one year
  
$
994
    
$
996
  
From one to five years
    
200,771
      
189,668
  
From five to ten years
    
756,482
      
689,296
  
After ten years
    
804,444
      
739,396
  
Total AFS debt securities
  
$
1,762,691
    
$
1,619,356
  
HTM debt securities:
                
Within one year
  
$
62,615
    
$
62,624
  
From one to five years
    
68,680
      
68,169
  
From five to ten years
    
291,880
      
268,047
  
After ten years
    
513,337
      
465,394
  
Total HTM debt securities
  
$
936,512
    
$
864,234
  
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, 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 June 30, 2022
                                                      
AFS securities:
  
                                                 
U.S. treasury
   $ 115,177     $ (7,392 )     7     $ -     $ -       -     $ 115,177     $ (7,392 )     7  
Federal agency
    
2,448
      
(398
)
    
1
      
214,984
      
(30,606
)
    
15
      
217,432
      
(31,004
)
    
16
  
State & municipal
    
73,635
      
(8,489
)
    
57
      
13,541
      
(1,884
)
    
10
      
87,176
      
(10,373
)
    
67
  
Mortgage-backed
    
347,683
      
(18,428
)
    
139
      
172,189
      
(23,391
)
    
19
      
519,872
      
(41,819
)
    
158
  
Collateralized mortgage obligations
    
579,941
      
(45,744
)
    
100
      
35,505
      
(4,368
)
    
9
      
615,446
      
(50,112
)
    
109
  
 Corporate     53,180       (2,820 )     16       -       -       -       53,180       (2,820 )     16  
Total securities with unrealized losses
  
$
1,172,064
    
$
(83,271
)
    
320
    
$
436,219
    
$
(60,249
)
    
53
    
$
1,608,283
    
$
(143,520
)
    
373
  
                                                                         
HTM securities:
                                                                        
Federal agency
  
$
-
    
$
-
      
-
    
$
84,850
    
$
(15,150
)
    
4
    
$
84,850
    
$
(15,150
)
    
4
  
Mortgage-backed
    
241,782
      
(26,815
)
    
33
      
-
      
-
      
-
      
241,782
      
(26,815
)
    
33
  
Collateralized mortgage obligation
     209,362
       (12,004 )     44
       -
       -
       -
       209,362
       (12,004 )     44
  
State & municipal
    
152,678
      
(14,041
)
    
168
      
24,578
      
(4,837
)
    
24
      
177,256
      
(18,878
)
    
192
  
Total securities with unrealized losses
  
$
603,822
    
$
(52,860
)
    
245
    
$
109,428
    
$
(19,987
)
    
28
    
$
713,250
    
$
(72,847
)
    
273
  
                                                                         
As of December 31, 2021
                                                                        
AFS securities:
                                                                        
U.S. treasury
   $ 49,105     $ (6 )     2     $ -     $ -       -     $ 49,105     $ (6 )     2  
Federal agency
    
41,618
      
(1,846
)
    
4
      
198,313
      
(6,677
)
     12      
239,931
      
(8,523
)
    
16
  
State & municipal
     87,515       (1,559 )     61       -       -       -       87,515       (1,559 )     61  
Mortgage-backed
    
281,217
      
(4,319
)
    
24
      
39,491
      
(1,525
)
    
6
      
320,708
      
(5,844
)
    
30
  
Collateralized mortgage obligations
    
341,673
      
(5,495
)
    
34
      
15,774
      
(502
)
     4
      
357,447
      
(5,997
)
    
38
  
Corporate
     9,987       (13 )     2       -       -       -       9,987       (13 )     2  
Total securities with unrealized losses
  
$
811,115
    
$
(13,238
)
    
127
    
$
253,578
    
$
(8,704
)
    
22
    
$
1,064,693
    
$
(21,942
)
    
149
  

                                                                       
HTM securities:
                                                                        
Federal agency
   $
-     $
 -      
 -     $
 95,635     $
(4,365 )     4     $
95,635     $
(4,365 )     4  
Mortgage-backed  
103,789    
(1,319 )     10    
-    
-       -    
103,789    
(1,319 )     10  
Collateralized mortgage obligations     54,612       (803 )     6       -       -       -       54,612       (803 )     6  
State & municipal
    
52,783
      
(1,189
)
    
40
      
8,950
      
(314
)
     10      
61,733
      
(1,503
)
    
50
  
Total securities with unrealized losses
  
$
211,184
    
$
(3,311
)
    
56
    
$
104,585
    
$
(4,679
)
     14    
$
315,769
    
$
(7,990
)
    
70