FAIR VALUE (Tables)

3 Months Ended

Mar. 31, 2020

FAIR VALUE.

Schedule of assets and liabilities measured on a recurring basis

	March 31, 2020
			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	$	59,999		$	59,999
State and municipal obligations		37,946			37,946
U.S. GSE residential mortgage-backed securities		81,654			81,654
U.S. GSE residential collateralized mortgage obligations		205,492			205,492
U.S. GSE commercial mortgage-backed securities		17,049			17,049
U.S. GSE commercial collateralized mortgage obligations		83,380			83,380
Other asset-backed securities		22,552			22,552
Corporate bonds		45,206			45,206
Total available for sale securities	$	553,278		$	553,278
Derivatives	$	57,874		$	57,874
Financial liabilities:
Derivatives	$	68,839		$	68,839

	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

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

	March 31, 2020
			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
Collateral dependent loans	$	2,902			$	2,902

	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

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

	March 31, 2020
			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	$	61,352	$	61,352	$	—	$	—	$	61,352
Interest-bearing deposits with banks		172,830		172,830		—		—		172,830
Securities available for sale		553,278		—		553,278		—		553,278
Securities restricted		26,354		n/a		n/a		n/a		n/a
Securities held to maturity		124,231		—		127,653		—		127,653
Loans held for sale		12,643		—		—		12,643		12,643
Loans, net		3,722,915		—		—		3,755,669		3,755,669
Derivatives		57,874		—		57,874		—		57,874
Accrued interest receivable		11,070		—		2,105		8,965		11,070
Financial liabilities:
Certificates of deposit		310,077		—		312,965		—		312,965
Demand and other deposits		3,745,658		3,745,658		—		—		3,745,658
FHLB advances		290,000		—		300,760		—		300,760
Repurchase agreements		1,195		—		1,195		—		1,195
Subordinated debentures		78,955		—		89,678		—		89,678
Derivatives		68,839		—		68,839		—		68,839
Accrued interest payable		387		—		387		—		387

	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