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Borrowings and Related Interest (Tables)

3 Months Ended

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