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Borrowings and Related Interest (Tables) | 12 Months Ended
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Dec. 31, 2019
Borrowings and Related Interest [Abstract] |
Schedule of Repurchase Agreements |
| December 31,
| 2019 |  | 2018
| (In thousands)
Short-term fixed-rate repurchase agreements, interest ranging from 1.85% to 2.70% (December 31, 2018; 2.45% to 2.95%) | $ | 140,000 |  | $ | 214,723
Long-term fixed-rate repurchase agreements, interest ranging from 1.85% to 2.86% (December 31, 2018; 1.72% to 2.86%) |  | 50,000 |  |  | 240,000
Total assets sold under agreements to repurchase | $ | 190,000 |  | $ | 454,723
Schedule of Repurchase Agreement by Maturity |
| December 31,
| 2019 |  | 2018
| (In thousands)
Less than 90 days | $ | 140,000 |  | $ | 214,723
Over 90-days |  | 50,000 |  |  | 240,000
Total | $ | 190,000 |  | $ | 454,723
Schedule Of Underlying Assets Of Repurchase Agreements |
| December 31, 2019
| Amortized |  |  |  | Approximate |  | Weighted
| Cost of |  |  |  | Fair Value |  | Average
| Underlying |  | Balance of |  | of Underlying |  | Interest Rate
Underlying Securities | Securities |  | Borrowing |  | Securities |  | of Security
| (Dollars in thousands)
FNMA and FHLMC Certificates | $ | 204,225 |  | $ | 190,000 |  | $ | 204,068 |  |  | 2.98%
Total | $ | 204,225 |  | $ | 190,000 |  | $ | 204,068 |  |  | 2.98%
| December 31, 2018
| Amortized |  |  |  | Approximate |  | Weighted
| Cost of |  |  |  | Fair Value |  | Average
| Underlying |  | Balance of |  | of Underlying |  | Interest Rate
Underlying Securities | Securities |  | Borrowing |  | Securities |  | of Security
| (Dollars in thousands)
FNMA and FHLMC Certificates | $ | 496,814 |  | $ | 454,723 |  | $ | 487,181 |  |  | 3.01%
Total | $ | 496,814 |  | $ | 454,723 |  | $ | 487,181 |  |  | 3.01%
Repurchased Agreements Other Significant Data | The following summarizes significant data on securities sold under agreements to repurchase as of December 31, 2019, 2018 and 2017, excluding accrued interest:
| December 31,
| 2019 |  | 2018 |  | 2017
| (In thousands)
Average daily aggregate balance outstanding | $ | 299,842 |  | $ | 357,086 |  | $ | 393,133
Maximum outstanding balance at any month-end | $ | 461,954 |  | $ | 457,053 |  | $ | 606,210
Weighted average interest rate during the year |  | 2.48% |  |  | 2.17% |  |  | 1.80%
Weighted average interest rate at year end |  | 2.45% |  |  | 2.49% |  |  | 1.63%
Summary of Federal Home Loan Bank Advances |
|  | December 31,
|  |  | 2019 |  |  | 2018
|  |  | (In thousands)
Short-term fixed-rate advances from FHLB, with a weighted average interest rate of 1.85% (December 31, 2018 - 2.61%) |  | $ | 31,955 |  | $ | 33,572
Long-term fixed-rate advances from FHLB, with a weighted average interest rate of 2.97% (December 31, 2018 - 2.89%) |  |  | 45,894 |  |  | 43,872
|  | $ | 77,849 |  | $ | 77,444
Federal Home Loan Bank Advances, Maturities Summary |
|  | December 31,
|  |  | 2019 |  |  | 2018
|  | (In thousands)
Under 90 days |  | $ | 31,955 |  | $ | 33,572
Over one to three years |  |  | 8,517 |  |  | 8,867
Over three to five years |  |  | 33,018 |  |  | 35,005
Over five years |  |  | 4,359 |  |  | -
|  | $ | 77,849 |  | $ | 77,444

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