XML 37 R26.htm IDEA: XBRL DOCUMENT v3.21.2
Note 9 - Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2021
Notes Tables  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
  

At June 30, 2021

 
  

Fair Value

  

Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)

  

Significant
Other
Observable
Inputs
(Level 2)

  

Significant
Unobservable
Inputs
(Level 3) (1)

 
  

(In thousands)

 

Debt securities available for sale

                

Agency residential mortgage-backed securities (MBS)

 $510,460  $-  $510,460  $- 

Securities of U.S. Government entities

  137   -   137   - 

Obligations of states and political subdivisions

  104,603   -   104,603   - 

Corporate securities

  2,596,850   -   2,596,850   - 

Collateralized loan obligations

  1,092,112   -   1,092,112   - 

Total debt securities available for sale

 $4,304,162  $-  $4,304,162  $- 
  

At December 31, 2020

 
  

Fair Value

  

Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)

  

Significant
Other
Observable
Inputs
(Level 2)

  

Significant
Unobservable
Inputs
(Level 3) (1)

 
  

(In thousands)

 

Debt securities available for sale

                

Agency residential MBS

 $652,952  $-  $652,952  $- 

Securities of U.S. Government entities

  154   -   154   - 

Obligations of states and political subdivisions

  111,010   -   111,010   - 

Corporate securities

  2,117,978   -   2,117,978   - 

Commercial paper

  24,990   -   24,990   - 

Collateralized loan obligations

  1,156,101   -   1,156,101   - 

Total debt securities available for sale

 $4,063,185  $-  $4,063,185  $- 
Fair Value Measurements, Nonrecurring [Table Text Block]
                  

For the Six

 
                  

Months Ended

 
  

At June 30, 2021

  

June 30, 2021

 
  

Carrying Value

  

Level 1

  

Level 2

  

Level 3

  

Total Losses

 
  

(In thousands)

 

Loans:

                    

Commercial real estate

 $3,409  $-  $-  $3,409  $- 

Residential real estate

  175   -   -   175   - 

Total assets measured at fair value on a nonrecurring basis

 $3,584  $-  $-  $3,584  $- 
                  

For the

 
                  

Year Ended

 
  

At December 31, 2020

  

December 31, 2020

 
  

Carrying Value

  

Level 1

  

Level 2

  

Level 3

  

Total Losses

 
  

(In thousands)

 

Loans:

                    

Commercial

 $5,270  $-  $-  $5,270  $- 

Commercial real estate

  3,710   -   -   3,710   - 

Residential real estate

  181   -   -   181   - 

Total assets measured at fair value on a nonrecurring basis

 $9,161  $-  $-  $9,161  $- 
Fair Value, by Balance Sheet Grouping [Table Text Block]
  

At June 30, 2021

 
  

Carrying
Amount

  

Estimated Fair
Value

  

Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)

  

Significant
Other
Observable
Inputs
(Level 2 )

  

Significant
Unobservable
Inputs
(Level 3 )

 

Financial Assets:

 

(In thousands)

 

Cash and due from banks

 $939,929  $939,929  $939,929  $-  $- 

Debt securities held to maturity

  414,413   424,599   -   424,599   - 

Loans

  1,171,097   1,188,428   -   -   1,188,428 
                     

Financial Liabilities:

                    

Deposits

 $6,076,389  $6,076,339  $-  $5,922,812  $153,527 

Short-term borrowed funds

  90,043   90,043   -   90,043   - 
  

At December 31, 2020

 
  

Carrying
Amount

  

Estimated Fair
Value

  

Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)

  

Significant
Other
Observable
Inputs
(Level 2 )

  

Significant
Unobservable
Inputs
(Level 3 )

 

Financial Assets:

 

(In thousands)

 

Cash and due from banks

 $621,275  $621,275  $621,275  $-  $- 

Debt securities held to maturity

  515,589   529,678   -   529,678   - 

Loans

  1,232,389   1,290,938   -   -   1,290,938 
                     

Financial Liabilities:

                    

Deposits

 $5,687,979  $5,688,049  $-  $5,531,590  $156,459 

Short-term borrowed funds

  102,545   102,545   -   102,545   -