Fair Value of Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The table below presents a reconciliation of the beginning and ending balances of all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the quarters and six-month periods ended June 30, 2022 and 2021:

			Quarter Ended June 30,
			2022		2021
Level 3 Instruments Only			Debt Securities		Debt Securities
(In thousands)			Available For Sale ⁽¹⁾		Available For Sale ⁽¹⁾

Beginning balance			$	10,647	$	11,776
	Total (losses) gains:
		Included in other comprehensive income (unrealized)		(106)		384
		Included in earnings (unrealized) (2)		35		-
	Principal repayments and amortization			(396)		(679)
Ending balance			$	10,180	$	11,481

(1)	Amounts mostly related to private label MBS.
(2)	Changes in unrealized gains included in earnings were recognized within provision for credit losses - benefit and relate to assets still held as of the reporting date.

			Six-Month Period Ended June 30,
			2022		2021
Level 3 Instruments Only			Debt Securities		Debt Securities
(In thousands)			Available For Sale⁽¹⁾		Available For Sale⁽¹⁾

Beginning balance			$	11,084	$	11,977
	Total (losses) gains:
		Included in other comprehensive income (unrealized)		(393)		705
		Included in earnings (unrealized) (2)		423		127
	Principal repayments and amortization			(934)		(1,328)
Ending balance			$	10,180	$	11,481

(1)	Amounts mostly related to private label MBS.
(2)	Changes in unrealized gains included in earnings were recognized within provision for credit losses - benefit and relate to assets still held as of the reporting date.

Impairment or Valuation Adjustments were Recorded for Assets Recognized at Fair Value [Table Text Block]


		Carrying value as of June 30, 2022
		Related to (losses) gains recorded for the Quarter Ended June 30, 2022		Related to losses recorded for the Six-Month Period Ended June 30, 2022		(Losses) gains recorded for the Quarter Ended June 30, 2022		Losses recorded for the Six-Month Period Ended June 30, 2022
(In thousands)
Loans receivable (1)		$	5,422	$	29,967	$	(817)	$	(3,848)
OREO (2)			2,140		2,741		35		(38)
Premises and equipment (3)			-		1,242		-		(218)

(1)	Consists mainly of collateral dependent commercial and construction loans. The Corporation generally measured losses based on the fair value of the collateral. The Corporation derived the fair values from external appraisals that took into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the collateral (e.g., absorption rates), which are not market observable.
(2)	The Corporation derived the fair values from appraisals that took into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the properties (e.g., absorption rates and net operating income of income producing properties), which are not market observable. Losses were related to market valuation adjustments after the transfer of the loans to the OREO portfolio.
(3)	Relates to a banking facility reclassified to held-for-sale and measured at the fair value of the collateral.

As of June 30, 2021, the Corporation recorded losses or valuation adjustments for assets recognized at fair value on a non-recurring basis and still held as of June 30, 2021 as shown in the following table:


		Carrying value as of June 30, 2021
		Related to losses recorded for the Quarter Ended June 30, 2021		Related to losses recorded for the Six-Month Period Ended June 30, 2021		Losses recorded for the Quarter Ended June 30, 2021		Losses recorded for the Six-Month Period Ended June 30, 2021
(In thousands)
Loans receivable (1)		$	13,013	$	41,610	$	(1,689)	$	(4,350)
OREO (2)			2,930		5,033		(225)		(374)
Loans held for sale (3)			-		4,004		-		(116)

(1)	Consists mainly of collateral dependent commercial and construction loans. The Corporation generally measured losses based on the fair value of the collateral. The Corporation derived the fair values from external appraisals that took into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the collateral (e.g., absorption rates), which are not market observable.
(2)	The Corporation derived the fair values from appraisals that took into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the properties (e.g., absorption rates and net operating income of income producing properties), which are not market observable. Losses were related to market valuation adjustments after the transfer of the loans to the OREO portfolio.
(3)	Commercial loan participation transferred to held for sale in the first quarter of 2021 and still in inventory as of June 30, 2021. The value was primarily derived from offers of market participants that the Corporation considered.