XML 48 R33.htm IDEA: XBRL DOCUMENT v3.19.1
FAIR VALUE (Tables)
12 Months Ended
Dec. 31, 2018
FAIR VALUE.  
Schedule of assets and liabilities measured on a recurring basis

u

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

 

 

 

Fair Value Measurements Using:

 

 

 

 

Quoted Prices

 

    

 

 

 

 

 

 

In Active

 

Significant

 

 

 

 

 

 

Markets for

 

Other

 

Significant

 

 

 

 

Identical

 

Observable

 

Unobservable

 

 

Carrying

 

Assets

 

Inputs

 

Inputs

(In thousands)

    

Value

    

(Level 1)

    

(Level 2)

    

(Level 3)

Financial assets:

 

 

 

 

  

 

 

 

 

  

Available for sale securities:

 

 

 

 

  

 

 

 

 

  

U.S. GSE securities

 

$

29,050

 

 

 

$

29,050

 

  

State and municipal obligations

 

 

40,731

 

  

 

 

40,731

 

  

U.S. GSE residential mortgage-backed securities

 

 

93,538

 

  

 

 

93,538

 

  

U.S. GSE residential collateralized mortgage obligations

 

 

357,777

 

  

 

 

357,777

 

  

U.S. GSE commercial mortgage-backed securities

 

 

3,508

 

  

 

 

3,508

 

  

U.S. GSE commercial collateralized mortgage obligations

 

 

90,638

 

  

 

 

90,638

 

  

Other asset-backed securities

 

 

23,219

 

  

 

 

23,219

 

  

Corporate bonds

 

 

42,425

 

  

 

 

42,425

 

  

Total available for sale securities

 

$

680,886

 

 

 

$

680,886

 

  

Derivatives

 

$

6,363

 

 

 

$

6,363

 

  

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities:

 

 

 

 

  

 

 

 

 

  

Derivatives

 

$

2,215

 

 

 

$

2,215

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

 

 

 

Fair Value Measurements Using:

 

 

    

 

Quoted Prices

 

    

 

 

 

 

 

 

In Active

 

Significant

 

 

 

 

 

 

Markets for

 

Other

 

Significant

 

 

 

 

Identical

 

Observable

 

Unobservable

 

 

Carrying

 

Assets

 

Inputs

 

Inputs

(In thousands)

    

Value

    

(Level 1)

    

(Level 2)

    

(Level 3)

Financial assets:

 

 

 

 

  

 

 

 

 

  

Available for sale securities:

 

 

 

 

  

 

 

 

 

  

U.S. GSE securities

 

$

56,814

 

 

 

$

56,814

 

  

State and municipal obligations

 

 

87,022

 

  

 

 

87,022

 

  

U.S. GSE residential mortgage-backed securities

 

 

186,901

 

  

 

 

186,901

 

  

U.S. GSE residential collateralized mortgage obligations

 

 

307,390

 

  

 

 

307,390

 

  

U.S. GSE commercial mortgage-backed securities

 

 

5,979

 

  

 

 

5,979

 

  

U.S. GSE commercial collateralized mortgage obligations

 

 

48,716

 

  

 

 

48,716

 

  

Other asset-backed securities

 

 

23,401

 

  

 

 

23,401

 

  

Corporate bonds

 

 

43,693

 

  

 

 

43,693

 

  

Total available for sale securities

 

$

759,916

 

 

 

$

759,916

 

  

Derivatives

 

$

4,546

 

 

 

$

4,546

 

  

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities:

 

 

 

 

  

 

 

 

 

  

Derivatives

 

$

1,823

 

 

 

$

1,823

 

  

 

Schedule of assets measured at fair value on a non-recurring basis

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

 

 

 

Fair Value Measurements Using:

 

 

    

 

Quoted Prices

 

 

 

    

 

 

 

 

In Active

 

Significant

 

 

 

 

 

 

Markets for

 

Other

 

Significant

 

 

 

 

Identical

 

Observable

 

Unobservable

 

 

Carrying

 

Assets

 

Inputs

 

Inputs

(In thousands)

    

Value

    

(Level 1)

    

(Level 2)

    

(Level 3)

Impaired loans

 

$

2,532

  

 

  

  

 

$

2,532

Other real estate owned

 

$

175

  

 

  

  

 

$

175

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

 

 

 

Fair Value Measurements Using:

 

 

    

 

Quoted Prices

 

 

 

    

 

 

 

 

In Active

 

Significant

 

 

 

 

 

 

Markets for

 

Other

 

Significant

 

 

 

 

Identical

 

Observable

 

Unobservable

 

 

Carrying

 

Assets

 

Inputs

 

Inputs

(In thousands)

    

Value

    

(Level 1)

    

(Level 2)

    

(Level 3)

Impaired loans

 

$

 —

  

 

  

  

 

$

 —

Other real estate owned

 

$

 —

  

 

  

  

 

$

 —

 

Schedule of estimated fair values and recorded carrying values of financial instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

 

 

 

Fair Value Measurements Using:

 

 

 

 

 

 

 

 

Significant

 

 

 

 

 

 

 

 

Quoted Prices In

 

Other

 

Significant

 

 

 

 

 

 

Active Markets for

 

Observable

 

Unobservable

 

 

 

 

Carrying

 

Identical Assets

 

Inputs

 

Inputs

 

Total

(In thousands)

    

Amount

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

Fair Value

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and due from banks

 

$

142,145

 

$

142,145

 

$

 —

 

$

 

$

142,145

Interest-bearing deposits with banks

 

 

153,223

 

 

153,223

 

 

 —

 

 

 

 

153,223

Securities available for sale

 

 

680,886

 

 

 

 

680,886

 

 

 

 

680,886

Securities restricted

 

 

24,028

 

 

n/a

 

 

n/a

 

 

n/a

 

 

n/a

Securities held to maturity

 

 

160,163

 

 

 

 

156,792

 

 

 

 

156,792

Loans, net

 

 

3,244,393

 

 

 

 

 

 

3,216,204

 

 

3,216,204

Derivatives

 

 

6,363

 

 

 

 

6,363

 

 

 

 

6,363

Accrued interest receivable

 

 

11,236

 

 

 

 

2,936

 

 

8,300

 

 

11,236

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

 

329,491

 

 

 

 

326,865

 

 

 

 

326,865

Demand and other deposits

 

 

3,556,902

 

 

3,556,902

 

 

 —

 

 

 

 

3,556,902

FHLB advances

 

 

240,433

 

 

 —

 

 

236,209

 

 

 

 

236,209

Repurchase agreements

 

 

539

 

 

 

 

539

 

 

 

 

539

Subordinated debentures

 

 

78,781

 

 

 

 

74,400

 

 

 

 

74,400

Derivatives

 

 

2,215

 

 

 

 

2,215

 

 

 

 

2,215

Accrued interest payable

 

 

1,524

 

 

 

 

1,524

 

 

 —

 

 

1,524

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

 

 

 

Fair Value Measurements Using:

 

 

 

 

 

 

 

 

Significant

 

 

 

 

 

 

 

 

Quoted Prices In

 

Other

 

Significant

 

 

 

 

 

 

Active Markets for

 

Observable

 

Unobservable

 

 

 

 

Carrying

 

Identical Assets

 

Inputs

 

Inputs

 

Total

(In thousands)

    

Amount

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

Fair Value

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and due from banks

 

$

76,614

 

$

76,614

 

$

 

$

 

$

76,614

Interest-bearing deposits with banks

 

 

18,133

 

 

18,133

 

 

 

 

 

 

18,133

Securities available for sale

 

 

759,916

 

 

 

 

759,916

 

 

 

 

759,916

Securities restricted

 

 

35,349

 

 

n/a

 

 

n/a

 

 

n/a

 

 

n/a

Securities held to maturity

 

 

180,866

 

 

 

 

179,885

 

 

 

 

179,885

Loans, net

 

 

3,071,045

 

 

 

 

 

 

3,010,023

 

 

3,010,023

Derivatives

 

 

4,546

 

 

 

 

4,546

 

 

 

 

4,546

Accrued interest receivable

 

 

11,652

 

 

 

 

3,211

 

 

8,441

 

 

11,652

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

 

222,364

 

 

 

 

220,775

 

 

 

 

220,775

Demand and other deposits

 

 

3,112,179

 

 

3,112,179

 

 

 

 

 

 

3,112,179

Federal funds purchased

 

 

50,000

 

 

50,000

 

 

 

 

 

 

50,000

FHLB advances

 

 

501,374

 

 

185,000

 

 

313,558

 

 

 

 

498,558

Repurchase agreements

 

 

877

 

 

 

 

877

 

 

 

 

877

Subordinated debentures

 

 

78,641

 

 

 

 

77,933

 

 

 

 

77,933

Derivatives

 

 

1,823

 

 

 

 

1,823

 

 

 

 

1,823

Accrued interest payable

 

 

1,574

 

 

 

 

1,574

 

 

 —

 

 

1,574