Other Investment Securities (Tables)

9 Months Ended

Sep. 30, 2023

Other Investment Securities [Abstract]

Schedule Of Other Investment Securities

The carrying amounts of other investment securities at September 30, 2023 and December 31, 2022 were as follows:

 

(In thousands)	September 30, 2023		December 31, 2022
FHLB stock	$	20,229	$	11,197
FRB stock	14,653		14,653
Equity investments carried at fair value	2,794		1,859
Equity investments carried at modified cost (1)	15,921		14,725
Equity investments carried at NAV	46,074		44,657
Total other investment securities	$	99,671	$	87,091

(1) There have been no impairments or downward adjustments made to equity investments carried at modified cost. An upward adjustment of $871,000 was recorded during the nine months ended September 30, 2022 as a result of observable price changes. There were no adjustments recorded during the three months ended September 30, 2022. There were no adjustments recorded during the three months or the nine months ended September 30, 2023 as a result of observable price changes.