INVESTMENT SECURITIES (Tables)

6 Months Ended

Jun. 30, 2024

INVESTMENT SECURITIES

Schedule of amortized cost and fair values of securities

	June 30, 2024
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
	(In Thousands)
AVAILABLE-FOR-SALE SECURITIES:
Agency mortgage-backed securities	$	357,905	$	54	$	41,895	$	316,064
Agency collateralized mortgage obligations		126,457		—		10,493		115,964
States and political subdivisions		58,876		126		2,349		56,653
Small Business Administration securities		68,535		—		8,132		60,403
	$	611,773	$	180	$	62,869	$	549,084

	June 30, 2024
					Amortized		Gross		Gross
	Amortized		Fair Value		Carrying		Unrealized		Unrealized		Fair
	Cost		Adjustment		Value		Gains		Losses		Value
	(In Thousands)
HELD-TO-MATURITY SECURITIES:
Agency mortgage-backed securities	$	71,676	$	2,147	$	73,823	$	—	$	9,310	$	64,513
Agency collateralized mortgage obligations		113,547		(2,316)		111,231		—		16,081		95,150
States and political subdivisions		6,162		8		6,170		—		668		5,502
	$	191,385	$	(161)	$	191,224	$	—	$	26,059	$	165,165

	December 31, 2023
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
	(In Thousands)
AVAILABLE-FOR-SALE SECURITIES:
Agency mortgage-backed securities	$	316,114	$	7	$	35,890	$	280,231
Agency collateralized mortgage obligations		85,989		—		10,043		75,946
States and political subdivisions securities		59,141		527		1,531		58,137
Small Business Administration securities		70,648		—		6,755		63,893
	$	531,892	$	534	$	54,219	$	478,207

	December 31, 2023
					Amortized		Gross		Gross
	Amortized		Fair Value		Carrying		Unrealized		Unrealized		Fair
	Cost		Adjustment		Value		Gains		Losses		Value
	(In Thousands)
HELD-TO-MATURITY SECURITIES:
Agency mortgage-backed securities	$	72,495	$	2,436	$	74,931	$	—	$	8,686	$	66,245
Agency collateralized mortgage obligations		116,405		(2,502)		113,903		—		14,662		99,241
States and political subdivisions		6,188		1		6,189		—		482		5,707
	$	195,088	$	(65)	$	195,023	$	—	$	23,830	$	171,193

Schedule of amortized cost and fair value of available-for-sale and held-to-maturity securities by contractual maturity

	Available-for-Sale				Held-to-Maturity
	Amortized		Fair		Amortized		Fair
	Cost		Value		Carrying Value		Value
	(In Thousands)
One year or less	$	—	$	—	$	—	$	—
After one through two years		—		—		—		—
After two through three years		245		245		—		—
After three through four years		969		969		—		—
After four through five years		—		—		—		—
After five through fifteen years		10,689		10,448		3,246		2,889
After fifteen years		46,973		44,991		2,924		2,613
Securities not due on a single maturity date		552,897		492,431		185,054		159,663
	$	611,773	$	549,084	$	191,224	$	165,165

Schedule of fair value and unrealized loss for available-for-sale securities and held-to-maturity securities

	June 30, 2024
	Less than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Description of Securities	Value		Losses		Value		Losses		Value		Losses
	(In Thousands)
AVAILABLE-FOR-SALE SECURITIES:
Agency mortgage-backed securities	$	49,031	$	(813)	$	260,805	$	(41,082)	$	309,836	$	(41,895)
Agency collateralized mortgage obligations		41,393		(297)		74,572		(10,196)		115,965		(10,493)
States and political subdivisions securities		10,228		(183)		37,070		(2,166)		47,298		(2,349)
Small Business Administration securities		—		—		60,402		(8,132)		60,402		(8,132)
	$	100,652	$	(1,293)	$	432,849	$	(61,576)	$	533,501	$	(62,869)
HELD-TO-MATURITY SECURITIES:
Agency mortgage-backed securities	$	—	$	—	$	64,513	$	(9,310)	$	64,513	$	(9,310)
Agency collateralized mortgage obligations		—		—		95,150		(16,081)		95,150		(16,081)
States and political subdivisions securities		—		—		5,502		(668)		5,502		(668)
	$	—	$	—	$	165,165	$	(26,059)	$	165,165	$	(26,059)

	December 31, 2023
	Less than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Description of Securities	Value		Losses		Value		Losses		Value		Losses
	(In Thousands)
AVAILABLE-FOR-SALE SECURITIES:
Agency mortgage-backed securities	$	4,318	$	(9)	$	274,801	$	(35,881)	$	279,119	$	(35,890)
Agency collateralized mortgage obligations		9,080		(216)		66,866		(9,827)		75,946		(10,043)
States and political subdivisions securities		7,782		(133)		56,111		(6,622)		63,893		(6,755)
Small Business Administration securities		—		—		37,969		(1,531)		37,969		(1,531)
	$	21,180	$	(358)	$	435,747	$	(53,861)	$	456,927	$	(54,219)
HELD-TO-MATURITY SECURITIES:
Agency mortgage-backed securities	$	—	$	—	$	66,245	$	(8,686)	$	66,245	$	(8,686)
Agency collateralized mortgage obligations		—		—		99,241		(14,662)		99,241		(14,662)
States and political subdivisions securities		—		—		5,707		(482)		5,707		(482)
	$	—	$	—	$	171,193	$	(23,830)	$	171,193	$	(23,830)