FAIR VALUE (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis

The Company’s financial instruments measured at fair value on a recurring basis and the level of the fair value hierarchy of inputs used consisted of the following:

	June 30, 2020
	Level 1		Level 2		Level 3		Total
	(In thousands)
Debt securities - available-for-sale, at fair value:
United States government obligations and authorities	$	58,888	$	136,740	$	—	$	195,628
Obligations of states and political subdivisions	—		23,213		—		23,213
Corporate securities	—		308,737		—		308,737
International securities	—		28,383		—		28,383
Debt securities, at fair value	58,888		497,073		—		555,961
Equity securities, at fair value	16,858		1,182		—		18,040
Total investments, at fair value	$	75,746	$	498,255	$	—	$	574,001

໿

	December 31, 2019
	Level 1		Level 2		Level 3		Total
	(In thousands)
Debt securities - available-for-sale, at fair value:
United States government obligations and authorities	$	83,764	$	110,429	$	—	$	194,193
Obligations of states and political subdivisions	—		24,020		—		24,020
Corporate securities	—		278,302		—		278,302
International securities	—		29,750		—		29,750
Debt securities, at fair value	83,764		442,501		—		526,265
Equity securities, at fair value	17,361		2,678		—		20,039
Total investments, at fair value	$	101,125	$	445,179	$	—	$	546,304

Fair Value, Assets Measured on Recurring and Nonrecurring Basis

Held-to-maturity debt securities reported on the consolidated balance sheets at amortized cost and disclosed at fair value below (and in Note 5) and the level of fair value hierarchy of inputs used consisted of the following:

	Level 1		Level 2		Level 3		Total
	(In thousands)
June 30, 2020	$	—	$	—	$	—	$	—
December 31, 2019	3,453		878		—		4,331