XML 48 R37.htm IDEA: XBRL DOCUMENT v3.19.1
FAIR VALUE (Tables)
3 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
Financial assets and Liabilities at Dates Indicated that were Accounted for at Fair Value
March 31, 2019
Quoted Prices inSignificant
Active Markets forSignificant Other Unobservable
Identical Assets Observable Inputs Inputs
(In thousands) (Level 1) (Level 2)(Level 3)Total
Assets
Residential mortgage loans held for sale$-$24,998$-$24,998
Investments available-for-sale:
U.S. government agencies-313,588-313,588
State and municipal -264,580-264,580
Mortgage-backed and asset-backed-338,097-338,097
Corporate debt--9,3879,387
Trust preferred--310310
Marketable equity securities -568-568
Interest rate swap agreements-701-701
Liabilities
Interest rate swap agreements$-$(701)$-$(701)

December 31, 2018
Quoted Prices inSignificant
Active Markets forSignificant Other Unobservable
Identical Assets Observable Inputs Inputs
(In thousands) (Level 1) (Level 2)(Level 3)Total
Assets
Residential mortgage loans held for sale$-$22,773$-$22,773
Investments available-for-sale:
U.S. government agencies-296,678-296,678
State and municipal -282,024-282,024
Mortgage-backed and asset-backed-348,515-348,515
Corporate debt--9,2409,240
Trust preferred--310310
Marketable equity securities -568-568
Interest rate swap agreements-446-446
Liabilities
Interest rate swap agreements$-$(446)$-$(446)
Unrealized Losses Included in Assets Measured in Condensed Consolidated Statements of Condition at Fair Value on a Recurring Basis

The following table provides unrealized losses included in assets measured in the Condensed Consolidated Statements of Condition at fair value on a recurring basis for the period indicated:

Significant
Unobservable
Inputs
(In thousands)(Level 3)
Investments available-for-sale:
Balance at January 1, 2019$9,550
Additions of Level 3 assets-
Sales of Level 3 assets-
Total unrealized gain included in other comprehensive income147
Balance at March 31, 2019$9,697
Assets Measured at Fair Value on Nonrecurring Basis
March 31, 2019
Quoted Prices in Significant
Active MarketsOther Significant
for IdenticalObservable Unobservable
(In thousands)Assets (Level 1)Inputs (Level 2)Inputs (Level 3)TotalTotal Losses
Impaired loans $-$-$6,748$6,748$(10,862)
Other real estate owned--1,4101,410(436)
Total$-$-$8,158$8,158$(11,298)

December 31, 2018
Quoted Prices in Significant
Active MarketsOther Significant
for IdenticalObservable Unobservable
(In thousands)Assets (Level 1)Inputs (Level 2)Inputs (Level 3)TotalTotal Losses
Impaired loans $-$-$6,780$6,780$(10,932)
Other real estate owned--1,5841,584(262)
Total$-$-$8,364$8,364$(11,194)
Carrying Amounts And Fair Values of Company's Financial Instruments
Fair Value Measurements
March 31, 2019Quoted Prices in
EstimatedActive Markets forSignificant OtherSignificant
CarryingFairIdentical AssetsObservable InputsUnobservable Inputs
(In thousands)AmountValue(Level 1)(Level 2)(Level 3)
Financial Assets
Other equity securities$60,769$60,769$-$60,769$-
Loans, net of allowance6,516,9016,377,572--6,377,572
Other assets (1)111,195111,195-111,195-
Financial Liabilities
Time deposits$1,632,011$1,628,658$-$1,628,658$-
Securities sold under retail repurchase agreements and
federal funds purchased122,626122,626-122,626-
Advances from FHLB726,278729,767-729,767-
Subordinated debentures37,38935,260--35,260
(1) Includes bank owned life insurance products.

Fair Value Measurements
December 31, 2018Quoted Prices in
EstimatedActive Markets forSignificant OtherSignificant
CarryingFairIdentical AssetsObservable InputsUnobservable Inputs
(In thousands)AmountValue(Level 1)(Level 2)(Level 3)
Financial Assets
Other equity securities$73,389$73,389$-$73,389$-
Loans, net of allowance6,518,1486,376,307--6,376,307
Other assets (1)110,823110,823-110,823-
Financial Liabilities
Time deposits$1,526,161$1,536,238$-$1,536,238$-
Securities sold under retail repurchase agreements and
federal funds purchased327,429327,429-327,429-
Advances from FHLB848,611850,186-850,186-
Subordinated debentures37,42533,588--33,588
(1) Includes bank owned life insurance products.