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FAIR VALUE (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
FAIR VALUE. |
Schedule of assets and liabilities measured on a recurring basis |
|  | December 31, 2019
|  |  |  | Fair Value Measurements Using:
|  |  |  | Quoted Prices |  |  |  |
|  |  |  | In Active |  | Significant |  |
|  |  |  | Markets for |  | Other |  | Significant
|  |  |  | Identical |  | Observable |  | Unobservable
|  | Carrying |  | Assets |  | Inputs |  | Inputs
(In thousands) |  | Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
Financial assets: |  |  |  |  |  |  |  |  |  |
Available for sale securities: |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 50,822 |  |  |  | $ | 50,822 |  |
U.S. GSE securities |  |  | 4,995 |  |  |  |  | 4,995 |  |
State and municipal obligations |  |  | 34,964 |  |  |  |  | 34,964 |  |
U.S. GSE residential mortgage-backed securities |  |  | 84,691 |  |  |  |  | 84,691 |  |
U.S. GSE residential collateralized mortgage obligations |  |  | 277,851 |  |  |  |  | 277,851 |  |
U.S. GSE commercial mortgage-backed securities |  |  | 13,609 |  |  |  |  | 13,609 |  |
U.S. GSE commercial collateralized mortgage obligations |  |  | 104,156 |  |  |  |  | 104,156 |  |
Other asset-backed securities |  |  | 23,401 |  |  |  |  | 23,401 |  |
Corporate bonds |  |  | 43,802 |  |  |  |  | 43,802 |  |
Total available for sale securities |  | $ | 638,291 |  |  |  | $ | 638,291 |  |
Derivatives |  | $ | 15,437 |  |  |  | $ | 15,437 |  |
Financial liabilities: |  |  |  |  |  |  |  |  |  |
Derivatives |  | $ | 16,645 |  |  |  | $ | 16,645 |  |
|  | December 31, 2018
|  |  |  | Fair Value Measurements Using:
|  |  |  | Quoted Prices |  |  |  |
|  |  |  | In Active |  | Significant |  |
|  |  |  | Markets for |  | Other |  | Significant
|  |  |  | Identical |  | Observable |  | Unobservable
|  | Carrying |  | Assets |  | Inputs |  | Inputs
(In thousands) |  | Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
Financial assets: |  |  |  |  |  |  |  |  |  |
Available for sale securities: |  |  |  |  |  |  |  |  |  |
U.S. GSE securities |  | $ | 29,050 |  |  |  | $ | 29,050 |  |
State and municipal obligations |  |  | 40,731 |  |  |  |  | 40,731 |  |
U.S. GSE residential mortgage-backed securities |  |  | 93,538 |  |  |  |  | 93,538 |  |
U.S. GSE residential collateralized mortgage obligations |  |  | 357,777 |  |  |  |  | 357,777 |  |
U.S. GSE commercial mortgage-backed securities |  |  | 3,508 |  |  |  |  | 3,508 |  |
U.S. GSE commercial collateralized mortgage obligations |  |  | 90,638 |  |  |  |  | 90,638 |  |
Other asset-backed securities |  |  | 23,219 |  |  |  |  | 23,219 |  |
Corporate bonds |  |  | 42,425 |  |  |  |  | 42,425 |  |
Total available for sale securities |  | $ | 680,886 |  |  |  | $ | 680,886 |  |
Derivatives |  | $ | 6,363 |  |  |  | $ | 6,363 |  |
Financial liabilities: |  |  |  |  |  |  |  |  |  |
Derivatives |  | $ | 2,215 |  |  |  | $ | 2,215 |  |
Schedule of assets measured at fair value on a non-recurring basis |
|  | December 31, 2019
|  |  |  | Fair Value Measurements Using:
|  |  |  | Quoted Prices |  |  |  |
|  |  |  | In Active |  | Significant |  |
|  |  |  | Markets for |  | Other |  | Significant
|  |  |  | Identical |  | Observable |  | Unobservable
|  | Carrying |  | Assets |  | Inputs |  | Inputs
(In thousands) |  | Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
Loans held for sale |  | $ | 12,643 |  |  |  |  |  | $ | 12,643
Impaired loans |  | $ | 6,981 |  |  |  |  |  | $ | 6,981
|  | December 31, 2018
|  |  |  | Fair Value Measurements Using:
|  |  |  | Quoted Prices |  |  |  |
|  |  |  | In Active |  | Significant |  |
|  |  |  | Markets for |  | Other |  | Significant
|  |  |  | Identical |  | Observable |  | Unobservable
|  | Carrying |  | Assets |  | Inputs |  | Inputs
(In thousands) |  | Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
Impaired loans |  | $ | 2,532 |  |  |  |  |  | $ | 2,532
Other real estate owned |  | $ | 175 |  |  |  |  |  | $ | 175
Schedule of estimated fair values and recorded carrying values of financial instruments |
|  | December 31, 2019
|  |  |  | Fair Value Measurements Using: |  |
|  |  |  |  |  | Significant |  |  |  |
|  |  |  | Quoted Prices In |  | Other |  | Significant |  |
|  |  |  | Active Markets for |  | Observable |  | Unobservable |  |
|  | Carrying |  | Identical Assets |  | Inputs |  | Inputs |  | Total
(In thousands) |  | Amount |  | (Level 1) |  | (Level 2) |  | (Level 3) |  | Fair Value
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 77,693 |  | $ | 77,693 |  | $ | — |  | $ | — |  | $ | 77,693
Interest-bearing deposits with banks |  |  | 39,501 |  |  | 39,501 |  |  | — |  |  | — |  |  | 39,501
Securities available for sale |  |  | 638,291 |  |  | — |  |  | 638,291 |  |  | — |  |  | 638,291
Securities restricted |  |  | 32,879 |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a
Securities held to maturity |  |  | 133,638 |  |  | — |  |  | 135,027 |  |  | — |  |  | 135,027
Loans held for sale |  |  | 12,643 |  |  | — |  |  | — |  |  | 12,643 |  |  | 12,643
Loans, net |  |  | 3,647,499 |  |  | — |  |  | — |  |  | 3,685,770 |  |  | 3,685,770
Derivatives |  |  | 15,437 |  |  | — |  |  | 15,437 |  |  | — |  |  | 15,437
Accrued interest receivable |  |  | 10,908 |  |  | — |  |  | 2,181 |  |  | 8,727 |  |  | 10,908
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit |  |  | 307,977 |  |  | — |  |  | 308,660 |  |  | — |  |  | 308,660
Demand and other deposits |  |  | 3,506,670 |  |  | 3,506,670 |  |  | — |  |  | — |  |  | 3,506,670
FHLB advances |  |  | 435,000 |  |  | 195,000 |  |  | 239,622 |  |  | — |  |  | 434,622
Repurchase agreements |  |  | 999 |  |  | — |  |  | 999 |  |  | — |  |  | 999
Subordinated debentures |  |  | 78,920 |  |  | — |  |  | 81,010 |  |  | — |  |  | 81,010
Derivatives |  |  | 16,645 |  |  | — |  |  | 16,645 |  |  | — |  |  | 16,645
Accrued interest payable |  |  | 1,467 |  |  | — |  |  | 1,467 |  |  | — |  |  | 1,467
|  | December 31, 2018
|  |  |  | Fair Value Measurements Using: |  |
|  |  |  |  |  | Significant |  |  |  |
|  |  |  | Quoted Prices In |  | Other |  | Significant |  |
|  |  |  | Active Markets for |  | Observable |  | Unobservable |  |
|  | Carrying |  | Identical Assets |  | Inputs |  | Inputs |  | Total
(In thousands) |  | Amount |  | (Level 1) |  | (Level 2) |  | (Level 3) |  | Fair Value
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 142,145 |  | $ | 142,145 |  | $ | — |  | $ | — |  | $ | 142,145
Interest-bearing deposits with banks |  |  | 153,223 |  |  | 153,223 |  |  | — |  |  | — |  |  | 153,223
Securities available for sale |  |  | 680,886 |  |  | — |  |  | 680,886 |  |  | — |  |  | 680,886
Securities restricted |  |  | 24,028 |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a
Securities held to maturity |  |  | 160,163 |  |  | — |  |  | 156,792 |  |  | — |  |  | 156,792
Loans, net |  |  | 3,244,393 |  |  | — |  |  | — |  |  | 3,216,204 |  |  | 3,216,204
Derivatives |  |  | 6,363 |  |  | — |  |  | 6,363 |  |  | — |  |  | 6,363
Accrued interest receivable |  |  | 11,236 |  |  | — |  |  | 2,936 |  |  | 8,300 |  |  | 11,236
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit |  |  | 329,491 |  |  | — |  |  | 326,865 |  |  | — |  |  | 326,865
Demand and other deposits |  |  | 3,556,902 |  |  | 3,556,902 |  |  | — |  |  | — |  |  | 3,556,902
FHLB advances |  |  | 240,433 |  |  | — |  |  | 236,209 |  |  | — |  |  | 236,209
Repurchase agreements |  |  | 539 |  |  | — |  |  | 539 |  |  | — |  |  | 539
Subordinated debentures |  |  | 78,781 |  |  | — |  |  | 74,400 |  |  | — |  |  | 74,400
Derivatives |  |  | 2,215 |  |  | — |  |  | 2,215 |  |  | — |  |  | 2,215
Accrued interest payable |  |  | 1,524 |  |  | — |  |  | 1,524 |  |  | — |  |  | 1,524

X
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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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