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Note 15 - Fair Value Measurements and Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2021
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

As of December 31, 2021

 

Fair Value Measurements Using

  

Total at

 
  

Level 1

  

Level 2

  

Level 3

  

Fair Value

 

Assets

 

(In thousands)

 

Securities available-for-sale

                

U.S. Treasury securities

 $  $  $  $ 

U.S. government agency entities

     87,509      87,509 

Mortgage-backed securities

     888,665      888,665 

Collateralized mortgage obligations

     9,117      9,117 

Corporate debt securities

     142,018      142,018 

Total securities available-for-sale

     1,127,309      1,127,309 
                 

Equity securities

                

Mutual funds

  6,230         6,230 

Preferred stock of government sponsored entities

  1,811         1,811 

Other equity securities

  14,278         14,278 

Total equity securities

  22,319         22,319 

Warrants

        23   23 

Interest rate swaps

     10,090      10,090 

Foreign exchange contracts

     1,113      1,113 

Total assets

 $22,319  $1,138,512  $23  $1,160,854 
                 

Liabilities

                

Interest rate swaps

 $  $12,642  $  $12,642 

Foreign exchange contracts

     327      327 

Total liabilities

 $  $12,969  $  $12,969 

As of December 31, 2020

 

Fair Value Measurements Using

  

Total at

 
  

Level 1

  

Level 2

  

Level 3

  

Fair Value

 

Assets

 

(In thousands)

 

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 
Fair Value Measurements, Nonrecurring [Table Text Block]
  

As of December 31, 2021

  

Total Losses

 
  

Fair Value Measurements Using

  

Total at

  

For the Twelve Months Ended

 
  

Level 1

  

Level 2

  

Level 3

  

Fair Value

  

December 31, 2021

  

December 31, 2020

 

Assets

 

(In thousands)

 
                         

Impaired loans by type:

                        

Commercial loans

 $  $  $4,327  $4,327  $1,012  $7,012 

Commercial mortgage loans

        13,335   13,335       

Residential mortgage and equity lines

        5,243   5,243       

Total impaired loans

        22,905   22,905   1,012   7,012 

Other real estate owned (1)

        4,589   4,589   17   717 

Investments in venture capital

        952   952   143   107 

Total assets

 $  $  $28,446  $28,446  $1,172  $7,836 
  

As of December 31, 2020

  

Total Losses/(Gains)

 
  

Fair Value Measurements Using

  

Total at

  

For the Twelve Months Ended

 
  

Level 1

  

Level 2

  

Level 3

  

Fair Value

  

December 31, 2020

  

December 31, 2019

 

Assets

 

(In thousands)

 
                         

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 
Fair Value, by Balance Sheet Grouping [Table Text Block]
  

December 31, 2021

  

December 31, 2020

 
  

Carrying

      

Carrying

     
  

Amount

  

Fair Value

  

Amount

  

Fair Value

 
  

(In thousands)

 

Financial Assets

                

Cash and due from banks

 $134,141  $134,141  $138,616  $138,616 

Short-term investments

  2,315,563   2,315,563   1,282,462   1,282,462 

Securities available-for-sale

  1,127,309   1,127,309   1,036,550   1,036,550 

Loans, net

  16,202,001   16,499,869   15,475,364   16,103,471 

Equity securities

  22,319   22,319   23,744   23,744 

Investment in Federal Home Loan Bank stock

  17,250   17,250   17,250   17,250 

Warrants

  23   23   21   21 
  

Notional

      

Notional

     
  

Amount

  

Fair Value

  

Amount

  

Fair Value

 

Foreign exchange contracts

 $181,997  $1,113  $151,244  $4,658 

Interest rate swaps

  904,635   10,090   96,889   3,409 

Financial Liabilities

 

Carrying

      

Carrying

     
  

Amount

  

Fair Value

  

Amount

  

Fair Value

 

Deposits

 $18,058,842  $18,051,720  $16,109,401  $16,125,808 

Advances from Federal Home Loan Bank

  20,000   21,279   150,000   155,133 

Other borrowings

  23,145   18,945   23,714   19,632 

Long-term debt

  119,136   62,274   119,136   65,487 
  

Notional

      

Notional

     
  

Amount

  

Fair Value

  

Amount

  

Fair Value

 

Option contracts

 $676  $2,911  $  $ 

Foreign exchange contracts

  51,782   327   132,813   2,200 

Interest rate swaps

  872,400   12,642   679,648   10,286 
  

Notional

      

Notional

     
  

Amount

  

Fair Value

  

Amount

  

Fair Value

 

Off-Balance Sheet Financial Instruments

                

Commitments to extend credit

 $3,297,362  $(12,594) $2,977,528  $(8,432)

Standby letters of credit

  266,490   (2,640)  234,200   (1,630)

Other letters of credit

  16,652   (13)  16,821   (16)

Bill of lading guarantees

        238    
Schedule Of Fair Value Of Financial Instruments [Table Text Block]
  

As of December 31, 2021

 
  

Estimated

             
  

Fair Value

             
  

Measurements

  

Level 1

  

Level 2

  

Level 3

 
  

(In thousands)

 

Financial Assets

                

Cash and due from banks

 $134,141  $134,141  $  $ 

Short-term investments

  2,315,563   2,315,563       

Securities available-for-sale

  1,127,309      1,127,309    

Loans, net

  16,499,869         16,499,869 

Equity securities

  22,319   22,319       

Investment in Federal Home Loan Bank stock

  17,250      17,250    

Warrants

  23         23 

Financial Liabilities

                

Deposits

  18,051,720         18,051,720 

Advances from Federal Home Loan Bank

  21,279      21,279    

Other borrowings

  18,945         18,945 

Long-term debt

  62,274      62,274    
  

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 (1)

  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