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Note 15 - Fair Value Measurements and Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2020
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

As of December 31, 2020

 

Fair Value Measurements Using

  

Total at

 
  

Level 1

  

Level 2

  

Level 3

  

Fair Value

 

 

 

(In thousands)

 
Assets   
                 
Securities available-for-sale                

U.S. Treasury securities

 $80,948  $  $  $80,948 

U.S. government agency entities

     99,838      99,838 

Mortgage-backed securities

     727,068      727,068 

Collateralized mortgage obligations

     10,324      10,324 

Corporate debt securities

     118,372      118,372 

Total securities available-for-sale

  80,948   955,602      1,036,550 
                 

Equity securities

                

Mutual funds

  6,413         6,413 

Preferred stock of government sponsored entities

  5,485         5,485 

Other equity securities

  11,846         11,846 

Total equity securities

  23,744         23,744 

Warrants

        21   21 

Interest rate swaps

     3,409      3,409 

Foreign exchange contracts

     4,658      4,658 

Total assets

 $104,692  $963,669  $21  $1,068,382 
                 

Liabilities

                
Interest rate swaps $  $10,286  $  $10,286 

Foreign exchange contracts

     2,200      2,200 

Total liabilities

 $  $12,486  $  $12,486 

As of December 31, 2019

 

Fair Value Measurements Using

  

Total at

 
  

Level 1

  

Level 2

  

Level 3

  

Fair Value

 

 

 

(In thousands)

 
Assets                
                 
Securities available-for-sale                

U.S. Treasury securities

 $74,936  $  $  $74,936 

U.S. government agency entities

     90,796      90,796 

U.S. government sponsored entities

     224,443      224,443 

Mortgage-backed securities

     887,790      887,790 

Collateralized mortgage obligations

     552      552 

Corporate debt securities

     173,325      173,325 

Total securities available-for-sale

  74,936   1,376,906      1,451,842 
                 

Equity securities

                

Mutual funds

  6,277         6,277 

Preferred stock of government sponsored entities

  10,529         10,529 

Other equity securities

  11,199         11,199 

Total equity securities

  28,005         28,005 

Warrants

        39   39 

Interest rate swaps

     2,181      2,181 

Foreign exchange contracts

     2,411      2,411 

Total assets

 $102,941  $1,381,498  $39  $1,484,478 
                 

Liabilities

                
Option contracts $  $7  $  $7 

Interest rate swaps

     14,229      14,229 

Foreign exchange contracts

     1,415      1,415 

Total liabilities

 $  $15,651  $  $15,651 
Fair Value Measurements, Nonrecurring [Table Text Block]
  

As of December 31, 2020

  

Total Losses

 
  

Fair Value Measurements Using

  

 

  

For the Twelve Months Ended

 
  

Level 1

  

Level 2

  

Level 3

  

Total at

Fair Value

  

December 31,

2020

  

December 31,

2019

 
  

(In thousands)

 

Assets

                        
                         
Impaired loans by type:                         

Commercial loans

 $  $  $5,342  $5,342  $7,012  $ 

Commercial mortgage loans

        25,749   25,749       

Residential mortgage and equity lines

        4,307   4,307       

Total impaired loans

        35,398   35,398   7,012    

Other real estate owned (1)

     905   4,236   5,141   717   681 

Investments in venture capital 

        1,381   1,381   107   167 

Total assets

 $  $905  $41,015  $41,920  $7,836  $848 
  

As of December 31, 2019

  

Total Losses/(Gains)

 
  

Fair Value Measurements Using

  

 

  

For the Twelve Months Ended

 
  

Level 1

  

Level 2

  

Level 3

  

Total at

Fair Value

  

December 31,

2019

  

December 31,

2018

 

 

 

(In thousands)

 
Assets   
                         
Impaired loans by type:                         

Commercial loans

 $  $  $6,196  $6,196  $  $ 

Commercial mortgage loans

        25,566   25,566       

Residential mortgage and equity lines

        5,320   5,320       

Total impaired loans

        37,082   37,082       

Other real estate owned (1)

     6,490   4,343   10,833   681   (619)

Investments in venture capital 

        1,604   1,604   167   330 

Total assets

 $  $6,490  $43,029  $49,519  $848  $(289)
Fair Value, by Balance Sheet Grouping [Table Text Block]
  

December 31, 2020

  

December 31, 2019

 
  

Carrying

      

Carrying

     
  

Amount

  

Fair Value

  

Amount

  

Fair Value

 
  

(In thousands)

 

Financial Assets

                

Cash and due from banks 

 $138,616  $138,616  $177,240  $177,240 

Short-term investments

  1,282,462   1,282,462   416,538   416,538 

Securities available-for-sale 

  1,036,550   1,036,550   1,451,842   1,451,842 

Loans, net 

  15,475,364   16,103,471   14,951,631   15,444,752 

Equity securities 

  23,744   23,744   28,005   28,005 

Investment in Federal Home Loan Bank stock

  17,250   17,250   18,090   18,090 

Warrants

  21   21   39   39 
  

Notional

      

Notional

     
  

Amount

  

Fair Value

  

Amount

  

Fair Value

 

Foreign exchange contracts

 $151,244  $4,658  $146,397  $2,411 

Interest rate swaps

  96,889   3,409   130,401   2,181 

Financial Liabilities

 

Carrying

      

Carrying

     
  

Amount

  

Fair Value

  

Amount

  

Fair Value

 

Deposits 

 $16,109,401  $16,125,808  $14,692,308  $14,719,452 

Short-term borrowings 

        25,683   25,683 

Advances from Federal Home Loan Bank 

  150,000   155,133   670,000   674,530 

Other borrowings 

  23,714   19,632   36,666   30,764 

Long-term debt 

  119,136   65,487   119,136   76,058 
  

Notional

      

Notional

     
  

Amount

  

Fair Value

  

Amount

  

Fair Value

 

Option contracts

 $  $  $908  $7 

Foreign exchange contracts

  132,813   2,200   127,003   1,415 

Interest rate swaps

  679,648   10,286   602,291   14,229 
  

Notional

      

Notional

     
  

Amount

  

Fair Value

  

Amount

  

Fair Value

 

Off-Balance Sheet Financial Instruments

                

Commitments to extend credit 

 $2,977,528  $(8,432) $3,077,081  $(9,826)

Standby letters of credit 

  234,200   (1,630)  282,352   (2,431)

Other letters of credit 

  16,821   (16)  22,209   (20)

Bill of lading guarantees 

  238      319   (1)
Schedule Of Fair Value Of Financial Instruments [Table Text Block]
  

As of December 31, 2020

 
  

Estimated

             
  

Fair Value

             
  

Measurements

  

Level 1

  

Level 2

  

Level 3

 
  

(In thousands)

 

Financial Assets

                

Cash and due from banks 

 $138,616  $138,616  $  $ 

Short-term investments

  1,282,462   1,282,462       

Securities available-for-sale 

  1,036,550   80,948   955,602    

Loans, net

  16,103,471         16,103,471 

Equity securities 

  23,744   23,744       

Investment in Federal Home Loan Bank stock

  17,250      17,250    

Warrants

  21         21 

Financial Liabilities

                

Deposits 

  16,125,808         16,125,808 

Advances from Federal Home Loan Bank 

  155,133      155,133    

Other borrowings 

  19,632         19,632 

Long-term debt 

  65,487      65,487    
  

As of December 31, 2019

 
  

Estimated

             
  

Fair Value

             
  

Measurements

  

Level 1

  

Level 2

  

Level 3

 
  

(In thousands)

 

Financial Assets

                

Cash and due from banks 

 $177,240  $177,240  $  $ 

Short-term investments

  416,538   416,538       

Securities available-for-sale 

  1,451,842   74,936   1,376,906    

Loans, net (1)

  15,444,752         15,444,752 

Equity securities

  28,005   28,005       

Investment in Federal Home Loan Bank stock

  18,090      18,090    

Warrants

  39         39 

Financial Liabilities

                

Deposits 

  14,719,452         14,719,452 

Short-term borrowings 

  25,683         25,683 

Advances from Federal Home Loan Bank 

  674,530      674,530    

Other borrowings 

  30,764         30,764 

Long-term debt 

  76,058      76,058