FAIR VALUE (Tables)

9 Months Ended

Sep. 30, 2019

FAIR VALUE.

Schedule of assets and liabilities measured on a recurring basis

	September 30, 2019
			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	$	4,987		$	4,987
State and municipal obligations		30,400			30,400
U.S. GSE residential mortgage-backed securities		89,076			89,076
U.S. GSE residential collateralized mortgage obligations		309,191			309,191
U.S. GSE commercial mortgage-backed securities		11,885			11,885
U.S. GSE commercial collateralized mortgage obligations		98,353			98,353
Other asset-backed securities		23,462			23,462
Corporate bonds		43,352			43,352
Total available for sale securities	$	610,706		$	610,706
Derivatives	$	19,227		$	19,227
Financial liabilities:
Derivatives	$	21,950		$	21,950

	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

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

	September 30, 2019
			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)
Loans held for sale	$	12,643			$	12,643
Impaired loans	$	7,286			$	7,286

	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

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

	September 30, 2019
			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	$	87,004	$	87,004	$	—	$	—	$	87,004
Interest-bearing deposits with banks		44,214		44,214		—		—		44,214
Securities available for sale		610,706		—		610,706		—		610,706
Securities restricted		28,469		n/a		n/a		n/a		n/a
Securities held to maturity		139,729		—		141,503		—		141,503
Loans held for sale		12,643		—		—		12,643		12,643
Loans, net		3,476,159		—		—		3,456,345		3,456,345
Derivatives		19,227		—		19,227		—		19,227
Accrued interest receivable		11,697		—		2,524		9,173		11,697
Financial liabilities:
Certificates of deposit		269,777		—		270,291		—		270,291
Demand and other deposits		3,473,506		3,473,506		—		—		3,473,506
FHLB advances		337,000		47,000		290,881		—		337,881
Repurchase agreements		956		—		956		—		956
Subordinated debentures		78,885		—		82,633		—		82,633
Derivatives		21,950		—		21,950		—		21,950
Accrued interest payable		385		—		385		—		385

	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