XML 62 R46.htm IDEA: XBRL DOCUMENT v3.24.0.1

Note 21 - Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

		Fair Value Measurements at December 31, 2023 Using
		Quoted Prices in
		Active Markets				Significant Other				Significant
		for Identical				Observable Inputs				Unobservable
		Assets (Level 1)				(Level 2)				Inputs (Level 3)				Total
		(In Thousands)
Assets Measured on a Recurring Basis:
Available-for-sale debt securities:
U.S. Treasury securities		$	340,807			$	-			$	-			$	340,807
Mortgage-backed securities			-				215,485				-				215,485
State and municipal securities			-				10,223				-				10,223
Corporate debt			-				326,808				6,860				333,668
Total available-for-sale debt securities			340,807				552,516				6,860				900,183
Total assets at fair value		$	340,807			$	552,516			$	6,860			$	900,183

		Fair Value Measurements at December 31, 2022 Using
		Quoted Prices in
		Active Markets				Significant Other				Significant
		for Identical				Observable Inputs				Unobservable
		Assets (Level 1)				(Level 2)				Inputs (Level 3)				Total
		(In Thousands)
Assets Measured on a Recurring Basis:
Available-for-sale debt securities:
U.S. Treasury securities		$	2,969			$	-			$	-			$	2,969
Government agency securities			-				9				-				9
Mortgage-backed securities			-				249,703				-				249,703
State and municipal securities			-				13,609				-				13,609
Corporate debt			-				367,665				10,860				378,525
Total available-for-sale debt securities			2,969				630,986				10,860				644,815
Interest rate cap derivative			-				4,201				-				4,201
Total assets at fair value		$	2,969			$	635,187			$	10,860			$	649,016

Fair Value Measurements, Nonrecurring [Table Text Block]

		Fair Value Measurements at December 31, 2023 Using
		Quoted Prices in
		Active Markets				Significant Other				Significant
		for Identical				Observable				Unobservable
		Assets (Level 1)				Inputs (Level 2)				Inputs (Level 3)				Total
		(In Thousands)
Assets Measured on a Nonrecurring Basis:
Loans individually evaluated		$	-			$	-			$	70,735			$	70,735
Other real estate owned and repossessed assets			-				-				995				995
Total assets at fair value		$	-			$	-			$	71,730			$	71,730

		Fair Value Measurements at December 31, 2022 Using
		Quoted Prices in
		Active Markets				Significant Other				Significant
		for Identical				Observable				Unobservable
		Assets (Level 1)				Inputs (Level 2)				Inputs (Level 3)				Total
		(In Thousands)
Assets Measured on a Nonrecurring Basis:
Loans individually evaluated		$	-			$	-			$	73,017			$	73,017
Other real estate owned and repossessed assets			-				-				248				248
Total assets at fair value		$	-			$	-			$	73,265			$	73,265

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

		For the year ended December 31,
		2023				2022
		Available-for-sale Securities				Available-for-sale Securities
		(In Thousands)
Fair value, beginning of period		$	10,860			$	16,992
Transfers into Level 3			-				4,860
Total realized gains included in income			-				-
Changes in unrealized gains/losses included in other comprehensive income for assets and liabilities still held at period-end			160				(805	)
Purchases			-				-
Transfers out of Level 3			(4,160	)			(10,187	)
Fair value, end of period		$	6,860			$	10,860

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

		December 31,
		2023								2022
		Carrying Amount				Fair Value				Carrying Amount				Fair Value
		(In Thousands)
Financial Assets:
Level 1 Inputs:
Cash and cash equivalents		$	2,030,513			$	2,030,513			$	814,538			$	814,538
Held-to-maturity U.S. Treasury securities			508,985				484,267				507,151				470,954
Level 2 Inputs:
Federal funds sold			100,575				100,575				1,515				1,515
Held-to-maturity debt securities			473,429				422,674				526,720				464,749
Mortgage loans held for sale			5,071				5,071				1,607				1,604
Restricted equity securities			10,226				10,226				7,734				7,734
Level 3 Inputs:
Held-to-maturity debt securities			250				250				250				250
Loans, net			11,505,512				11,032,819				11,541,671				11,265,517
Financial Liabilities:
Level 2 Inputs:
Deposits		$	13,273,511			$	13,266,640			$	11,546,805			$	11,529,647
Federal funds purchased			1,256,724				1,256,724				1,618,798				1,618,798
Other borrowings			64,735				58,083				64,726				57,101

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-3

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-11

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration