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v3.20.1

Borrowings and Related Interest (Tables) | 3 Months Ended
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Mar. 31, 2020
Borrowings and Related Interest [Abstract] |
Schedule of Repurchase Agreements |
| March 31, |  | December 31,
| 2020 |  | 2019
| (In thousands)
Short-term fixed-rate repurchase agreements, interest ranging from 1.85% to 2.70% (December 31, 2019) | $ | - |  | $ | 140,000
Long-term fixed-rate repurchase agreements, interest ranging from 1.85% to 2.86% (December 31, 2019; 1.85% to 2.86%) |  | 50,000 |  |  | 50,000
Total assets sold under agreements to repurchase | $ | 50,000 |  | $ | 190,000
Schedule of Repurchase Agreement by Maturity |
| March 31, |  | December 31,
| 2020 |  | 2019
| (In thousands)
Less than 90 days | $ | - |  | $ | 140,000
Over 90-days |  | 50,000 |  |  | 50,000
Total | $ | 50,000 |  | $ | 190,000
Schedule Of Underlying Assets Of Repurchase Agreements |
| March 31, 2020
| 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 | $ | 54,054 |  | $ | 50,000 |  | $ | 54,756 |  |  | 3.12%
Total | $ | 54,054 |  | $ | 50,000 |  | $ | 54,756 |  |  | 3.12%
| 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%
Summary of Federal Home Loan Bank Advances |
|  | March 31, |  | December 31
|  |  | 2020 |  |  | 2019
|  |  | (In thousands)
Short-term fixed-rate advances from FHLB, with a weighted average interest rate of 1.71% to 2.59% (December 31, 2019 - 1.85% to 2.59%) |  | $ | 39,967 |  | $ | 40,472
Long-term fixed-rate advances from FHLB, with a weighted average interest rate of 2.92% to 3.24% (December 31, 2019 - 2.92% to 3.24% ) |  |  | 36,840 |  |  | 37,377
|  | $ | 76,807 |  | $ | 77,849
Federal Home Loan Bank Advances, Maturities Summary |
|  | March 31, |  | December 31,
|  |  | 2020 |  |  | 2019
|  | (In thousands)
Under 90 days |  | $ | 39,967 |  | $ | 31,955
Over one to three years |  |  | - |  |  | 8,517
Over three to five years |  |  | 32,512 |  |  | 33,018
Over five years |  |  | 4,328 |  |  | 4,359
|  | $ | 76,807 |  | $ | 77,849

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