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Securities (Tables)
12 Months Ended
Dec. 31, 2020
Notes Tables  
Debt Securities, Held-to-maturity [Table Text Block]

Gross

Gross

Allowance

Amortized

Unrecognized

Unrecognized

for Credit

    

Cost

    

Fair Value

    

Gains

Losses

    

Losses

(In thousands)

Securities held-to-maturity:

 

  

 

  

 

  

  

 

  

Municipals

$

50,825

$

54,538

$

3,713

$

$

(907)

Total municipals

 

50,825

 

54,538

 

3,713

 

 

(907)

FNMA

 

7,914

 

8,991

 

1,077

 

 

Total mortgage-backed securities

 

7,914

 

8,991

 

1,077

 

 

Total

$

58,739

$

63,529

$

4,790

$

$

(907)

Gross

Gross

Allowance

Amortized

Unrecognized

Unrecognized

for Credit

    

Cost

    

Fair Value

    

Gains

Losses

    

Losses

(In thousands)

Securities held-to-maturity:

 

  

 

  

 

  

  

 

  

Municipals

$

50,954

$

53,998

$

3,044

$

$

Total municipals

 

50,954

 

53,998

 

3,044

 

 

FNMA

 

7,934

 

8,114

 

180

 

 

Total mortgage-backed securities

 

7,934

 

8,114

 

180

 

 

Total

$

58,888

$

62,112

$

3,224

$

$

Gross

Gross

Amortized

Unrealized

Unrealized

    

Cost

    

Fair Value

    

Gains

    

Losses

(In thousands)

U.S. government agencies

$

6,452

$

6,453

$

2

$

1

Corporate

130,000

123,865

131

6,266

Mutual funds

 

12,703

 

12,703

 

 

Collateralized loan obligations

 

100,561

 

99,198

 

 

1,363

Other

 

1,295

 

1,295

 

 

Total other securities

 

251,011

 

243,514

 

133

 

7,630

REMIC and CMO

 

175,142

 

180,877

 

5,735

 

GNMA

 

13,009

 

13,053

 

66

 

22

FNMA

 

143,154

 

146,169

 

3,046

 

31

FHLMC

 

63,796

 

64,361

 

648

 

83

Total mortgage-backed securities

 

395,101

 

404,460

 

9,495

 

136

Total securities available for sale

$

646,112

$

647,974

$

9,628

$

7,766

Gross

Gross

Amortized

Unrealized

Unrealized

    

Cost

    

Fair Value

    

Gains

    

Losses

(In thousands)

Corporate

$

130,000

$

123,050

$

$

6,950

Municipals

 

12,797

 

12,916

 

119

 

Mutual funds

 

12,216

 

12,216

 

 

Collateralized loan obligations

 

100,349

 

99,137

 

 

1,212

Other

 

1,332

 

1,332

 

 

Total other securities

 

256,694

 

248,651

 

119

 

8,162

REMIC and CMO

 

348,236

 

348,989

 

2,193

 

1,440

GNMA

 

653

 

704

 

51

 

FNMA

 

104,235

 

104,882

 

1,073

 

426

FHLMC

 

68,476

 

69,274

 

871

 

73

Total mortgage-backed securities

 

521,600

 

523,849

 

4,188

 

1,939

Total securities available for sale

$

778,294

$

772,500

$

4,307

$

10,101

Investments Classified by Contractual Maturity Date [Table Text Block]

 

Amortized

    

Cost

    

Fair Value

 

(In thousands)

Due after ten years

$

50,825

$

54,538

Total other securities

50,825

54,538

Mortgage-backed securities

7,914

8,991

Total securities held-to-maturity

 

$

58,739

 

$

63,529

Amortized

    

Cost

    

Fair Value

(In thousands)

Due after one year through five years

$

45,000

$

43,738

Due after five years through ten years

 

138,730

 

133,201

Due after ten years

54,578

53,872

Total other securities

 

238,308

 

230,811

Mutual funds

 

12,703

 

12,703

Mortgage-backed securities

 

395,101

 

404,460

Total securities available for sale

$

646,112

$

647,974

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]

Total

Less than 12 months

12 months or more

Unrealized

Unrealized

Unrealized

    

Count

    

Fair Value

    

Losses

    

Fair Value

    

Losses

    

Fair Value

    

Losses

(Dollars in thousands)

Available for sale securities

 

  

 

  

 

  

 

  

 

  

 

  

 

  

U.S. government agencies

 

1

$

4,988

$

1

$

4,988

$

1

$

$

Corporate

 

14

 

113,734

 

6,266

 

 

 

113,734

 

6,266

CLO

 

13

 

99,199

 

1,363

 

7,441

 

52

 

91,758

 

1,311

Total other securities

 

28

 

217,921

 

7,630

 

12,429

 

53

 

205,492

 

7,577

GNMA

 

1

 

10,341

 

22

 

10,341

 

22

 

 

FNMA

 

5

 

32,463

 

31

 

23,864

 

28

 

8,599

 

3

FHLMC

 

3

 

30,095

 

83

 

30,095

 

83

 

 

Total mortgage-backed securities

 

9

 

72,899

 

136

 

64,300

 

133

 

8,599

 

3

Total securities available for sale

 

37

$

290,820

$

7,766

$

76,729

$

186

$

214,091

$

7,580

Total

Less than 12 months

12 months or more

Unrealized

Unrealized

Unrealized

    

Count

    

Fair Value

    

Losses

    

Fair Value

    

Losses

    

Fair Value

    

Losses

(Dollars in thousands)

Available for sale securities

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Corporate

 

16

$

123,050

$

6,950

$

$

$

123,050

$

6,950

CLO

 

13

 

99,137

 

1,212

 

25,451

 

108

 

73,686

 

1,104

Total other securities

 

29

 

222,187

 

8,162

 

25,451

 

108

 

196,736

 

8,054

REMIC and CMO

 

23

 

120,989

 

1,440

 

102,384

 

1,117

 

18,605

 

323

GNMA

 

1

 

49

 

 

49

 

 

 

FNMA

 

8

 

67,618

 

426

 

19,073

 

138

 

48,545

 

288

FHLMC

 

1

 

30,200

 

73

 

 

 

30,200

 

73

Total mortgage-backed securities

 

33

 

218,856

 

1,939

 

121,506

 

1,255

 

97,350

 

684

Total securities available for sale

 

62

$

441,043

$

10,101

$

146,957

$

1,363

$

294,086

$

8,738

Schedule of allowance for credit losses for debt securities held-to-maturity

Mortgage-backed securities

Other securities

(In thousands)

Beginning balance

$

$

CECL adoption

340

Provision

567

Allowance for credit losses - securities

$

$

907

Schedule of Realized Gain (Loss) [Table Text Block]

For the years ended

December 31, 

    

2020

    

2019

    

2018

(In thousands)

Gross gains from the sale of securities

$

1,499

$

423

$

105

Gross losses from the sale of securities

 

(2,200)

 

(438)

 

(2,025)

Net losses from the sale of securities

$

(701)

$

(15)

$

(1,920)