XML 143 R34.htm IDEA: XBRL DOCUMENT v3.20.1
FAIR VALUE (Tables)
12 Months Ended
Dec. 31, 2019
FAIR VALUE.  
Schedule of assets and liabilities measured on a recurring basis

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 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. Treasury securities

 

$

50,822

 

 

 

$

50,822

 

 

U.S. GSE securities

 

 

4,995

 

 

 

 

4,995

 

  

State and municipal obligations

 

 

34,964

 

  

 

 

34,964

 

  

U.S. GSE residential mortgage-backed securities

 

 

84,691

 

  

 

 

84,691

 

  

U.S. GSE residential collateralized mortgage obligations

 

 

277,851

 

  

 

 

277,851

 

  

U.S. GSE commercial mortgage-backed securities

 

 

13,609

 

  

 

 

13,609

 

  

U.S. GSE commercial collateralized mortgage obligations

 

 

104,156

 

  

 

 

104,156

 

  

Other asset-backed securities

 

 

23,401

 

  

 

 

23,401

 

  

Corporate bonds

 

 

43,802

 

  

 

 

43,802

 

  

Total available for sale securities

 

$

638,291

 

 

 

$

638,291

 

  

Derivatives

 

$

15,437

 

 

 

$

15,437

 

  

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities:

 

 

 

 

  

 

 

 

 

  

Derivatives

 

$

16,645

 

 

 

$

16,645

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 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

 

$

6,981

  

 

  

  

 

$

6,981

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 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

 

$

77,693

 

$

77,693

 

$

 —

 

$

 

$

77,693

Interest-bearing deposits with banks

 

 

39,501

 

 

39,501

 

 

 —

 

 

 

 

39,501

Securities available for sale

 

 

638,291

 

 

 

 

638,291

 

 

 

 

638,291

Securities restricted

 

 

32,879

 

 

n/a

 

 

n/a

 

 

n/a

 

 

n/a

Securities held to maturity

 

 

133,638

 

 

 

 

135,027

 

 

 

 

135,027

Loans held for sale

 

 

12,643

 

 

 —

 

 

 —

 

 

12,643

 

 

12,643

Loans, net

 

 

3,647,499

 

 

 

 

 —

 

 

3,685,770

 

 

3,685,770

Derivatives

 

 

15,437

 

 

 

 

15,437

 

 

 —

 

 

15,437

Accrued interest receivable

 

 

10,908

 

 

 

 

2,181

 

 

8,727

 

 

10,908

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

 

307,977

 

 

 

 

308,660

 

 

 

 

308,660

Demand and other deposits

 

 

3,506,670

 

 

3,506,670

 

 

 —

 

 

 

 

3,506,670

FHLB advances

 

 

435,000

 

 

195,000

 

 

239,622

 

 

 

 

434,622

Repurchase agreements

 

 

999

 

 

 

 

999

 

 

 

 

999

Subordinated debentures

 

 

78,920

 

 

 

 

81,010

 

 

 

 

81,010

Derivatives

 

 

16,645

 

 

 

 

16,645

 

 

 

 

16,645

Accrued interest payable

 

 

1,467

 

 

 

 

1,467

 

 

 —

 

 

1,467

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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