DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2022

DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS

Schedule of Fair Value, Assets Measured on Recurring Basis

			Fair value measurements using
			Quoted prices
			in active
			markets		Other		Significant
			for identical		observable		unobservable
			assets		inputs		inputs
	Fair value		(Level 1)		(Level 2)		(Level 3)
	(In Thousands)
March 31, 2022
Available-for-sale securities
Agency mortgage-backed securities	$	297,476	$	—	$	297,476	$	—
Agency collateralized mortgage obligations		73,009		—		73,009		—
States and political subdivisions securities		40,997		—		40,997		—
Small Business Administration securities		49,893		—		49,893		—
Interest rate derivative asset		5,191		—		5,191		—
Interest rate derivative liability		(9,112)		—		(9,112)		—
December 31, 2021
Available-for-sale securities
Agency mortgage-backed securities	$	229,441	$	—	$	229,441	$	—
Agency collateralized mortgage obligations		204,277		—		204,277		—
States and political subdivisions securities		40,015		—		40,015		—
Small Business Administration securities		27,299		—		27,299		—
Interest rate derivative asset		2,816		—		2,816		—
Interest rate derivative liability		(2,895)		—		(2,895)		—

Schedule of Fair Value, Assets and Liabilities Measured on Nonrecurring Basis

			Fair Value Measurements Using
			Quoted prices
			in active
			markets		Other		Significant
			for identical		observable		unobservable
			assets		inputs		inputs
	Fair value		(Level 1)		(Level 2)		(Level 3)
	(In Thousands)
March 31, 2022
Collateral-dependent loans	$	256	$	—	$	—	$	256
Foreclosed assets held for sale	$	—	$	—	$	—	$	—
December 31, 2021
Collateral-dependent loans	$	1,712	$	—	$	—	$	1,712
Foreclosed assets held for sale	$	315	$	—	$	—	$	315

Schedule Of Financial Instruments Fair Value

	March 31, 2022						December 31, 2021
	Carrying		Fair		Hierarchy	Carrying		Fair		Hierarchy
	Amount		Value		Level	Amount		Value		Level
	(In Thousands)
Financial assets
Cash and cash equivalents	$	353,038	$	353,038	1	$	717,267	$	717,267	1
Held-to-maturity securities		227,441		220,188	2		—		—	2
Mortgage loans held for sale		1,672		1,672	2		8,735		8,735	2
Loans, net of allowance for credit losses		4,111,487		4,088,157	3		4,007,500		4,001,362	3
Interest receivable		12,458		12,458	3		10,705		10,705	3
Investment in FHLBank stock and other assets		6,564		6,564	3		6,655		6,655	3
Financial liabilities
Deposits		4,489,337		4,482,961	3		4,552,101		4,552,202	3
Short-term borrowings		150,961		150,961	3		138,955		138,955	3
Subordinated debentures		25,774		25,774	3		25,774		25,774	3
Subordinated notes		74,058		77,250	2		73,984		81,000	2
Interest payable		1,656		1,656	3		646		646	3
Unrecognized financial instruments (net of contractual value)
Commitments to originate loans		—		—	3		—		—	3
Letters of credit		30		30	3		50		50	3
Lines of credit		—		—	3		—		—	3