FAIR VALUE (Tables)

9 Months Ended

Sep. 30, 2020

FAIR VALUE.

Schedule of assets and liabilities measured on a recurring basis

	September 30, 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:
State and municipal obligations	$	36,504		$	36,504
U.S. GSE residential mortgage-backed securities		118,876			118,876
U.S. GSE residential collateralized mortgage obligations		161,582			161,582
U.S. GSE commercial mortgage-backed securities		13,368			13,368
U.S. GSE commercial collateralized mortgage obligations		64,792			64,792
Other asset-backed securities		23,894			23,894
Corporate bonds		47,065			47,065
Total available for sale securities	$	466,081		$	466,081
Derivatives	$	59,385		$	59,385
Financial liabilities:
Derivatives	$	67,341		$	67,341

	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

	September 30, 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	$	10,000				$	10,000
Individually evaluated loans	$	6,954	$	4,014		$	2,940

	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

	September 30, 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	$	94,892	$	94,892	$	—	$	—	$	94,892
Interest-bearing deposits with banks		615,575		615,575		—		—		615,575
Securities available for sale		466,081		—		466,081		—		466,081
Securities restricted		23,362		n/a		n/a		n/a		n/a
Securities held to maturity		100,934		—		104,911		—		104,911
Loans held for sale		10,000		—		—		10,000		10,000
Loans, net		4,595,999		—		—		4,645,937		4,645,937
Derivatives		59,385		—		59,385		—		59,385
Accrued interest receivable		15,823		—		1,790		14,033		15,823
Financial liabilities:
Certificates of deposit		290,402		—		293,552		—		293,552
Demand and other deposits		5,078,667		5,078,667		—		—		5,078,667
FHLB advances		215,000		—		222,342		—		222,342
Repurchase agreements		1,353		—		1,353		—		1,353
Subordinated debentures		79,024		—		87,615		—		87,615
Derivatives		67,341		—		67,341		—		67,341
Accrued interest payable		328		—		328		—		328

	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