
	March 31, 2026
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(In thousands)
Available for Sale
U.S. government and agency securities	$	89,315	$	546	$	(2,216)	$	87,645
Municipal securities	217,653		355		(24,389)		193,619
Agency mortgage-backed pass-through securities	839,002		2,252		(35,367)		805,887
Agency collateralized mortgage obligations	723,509		1,483		(51,007)		673,985
Corporate bonds and other	107,861		678		(4,965)		103,574
Total	$	1,977,340	$	5,314	$	(117,944)	$	1,864,710


	December 31, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(In thousands)
Available for Sale
U.S. government and agency securities	$	394,361	$	497	$	(2,383)	$	392,475
Municipal securities	218,143		627		(22,569)		196,201
Agency mortgage-backed pass-through securities	831,815		5,548		(29,377)		807,986
Agency collateralized mortgage obligations	737,627		3,375		(43,937)		697,065
Corporate bonds and other	108,820		564		(4,652)		104,732
Total	$	2,290,766	$	10,611	$	(102,918)	$	2,198,459

As of March 31, 2026, no allowance for credit losses has been recognized on available for sale securities in an unrealized loss position as management does not believe any of the securities are impaired due to reasons of credit quality. This belief is based upon our analysis of the underlying risk characteristics, including credit ratings, and other qualitative factors related to our available for sale securities and in consideration of our historical credit loss experience and internal forecasts. The issuers of these securities continue to make timely principal and interest payments under the contractual terms of the securities. Furthermore, management does not have the intent to sell any of the securities classified as available for sale in the table above and believes that it is more likely than not that we will not have to sell any such securities before a recovery of cost. The unrealized losses are due to increases in market interest rates over the yields available at the time the underlying securities were purchased. The fair value is expected to recover as the securities approach their maturity date or repricing date or if market yields for such investments decline.

The amortized cost and fair value of investment securities at March 31, 2026, by contractual maturity, are shown below. Expected maturity may differ from contractual maturity if borrowers have the right to call or prepay obligations at any time with or without call or prepayment penalties.


	Amortized Cost		Fair Value
	(In thousands)
Due in one year or less	$	2,963	$	3,011
Due after one year through five years	22,651		21,303
Due after five years through ten years	153,598		142,929
Due after ten years	235,617		217,595
Subtotal	414,829		384,838
Agency mortgage-backed pass-through securities and collateralized mortgage obligations	1,562,511		1,479,872
Total	$	1,977,340	$	1,864,710


	March 31, 2026
	Less than 12 Months				More than 12 Months				Total
	Estimated Fair Value		Unrealized Losses		Estimated Fair Value		Unrealized Losses		Estimated Fair Value		Unrealized Losses
	(In thousands)
Available for Sale
U.S. government and agency securities	$	11,911	$	(184)	$	47,236	$	(2,032)	$	59,147	$	(2,216)
Municipal securities	12,226		(889)		165,897		(23,500)		178,123		(24,389)
Agency mortgage-backed pass-through securities	338,489		(5,617)		234,061		(29,750)		572,550		(35,367)
Agency collateralized mortgage obligations	147,257		(2,430)		338,541		(48,577)		485,798		(51,007)
Corporate bonds and other	21,533		(468)		49,370		(4,497)		70,903		(4,965)
Total	$	531,416	$	(9,588)	$	835,105	$	(108,356)	$	1,366,521	$	(117,944)


	December 31, 2025
	Less than 12 Months				More than 12 Months				Total
	Estimated Fair Value		Unrealized Losses		Estimated Fair Value		Unrealized Losses		Estimated Fair Value		Unrealized Losses
	(In thousands)
Available for Sale
U.S. government and agency securities	$	185,275	$	(180)	$	51,684	$	(2,203)	$	236,959	$	(2,383)
Municipal securities	6,091		(725)		170,400		(21,844)		176,491		(22,569)
Agency mortgage-backed pass-through securities	157,352		(1,390)		279,693		(27,987)		437,045		(29,377)
Agency collateralized mortgage obligations	65,444		(1,006)		357,857		(42,931)		423,301		(43,937)
Corporate bonds and other	21,255		(193)		50,384		(4,459)		71,639		(4,652)
Total	$	435,417	$	(3,494)	$	910,018	$	(99,424)	$	1,345,435	$	(102,918)

At March 31, 2026 and December 31, 2025, the Company did not own securities of any one issuer, other than the U.S. government and its agencies, in an amount greater than 10% of consolidated shareholders’ equity at such respective dates.