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Borrowings and Related Interest (Tables)

12 Months Ended

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