XML 60 R33.htm IDEA: XBRL DOCUMENT
v3.20.1

SECURITIES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
SECURITIES. |
Schedule of amortized cost and fair value of the available for sale and held to maturity |
|  | December 31,
|  | 2019 |  | 2018
|  |  |  | Gross |  | Gross |  | Estimated |  |  |  | Gross |  | Gross |  | Estimated
|  | Amortized |  | Unrealized |  | Unrealized |  | Fair |  | Amortized |  | Unrealized |  | Unrealized |  | Fair
(In thousands) |  | Cost |  | Gains |  | Losses |  | Value |  | Cost |  | Gains |  | Losses |  | Value
Available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 50,833 |  | $ | — |  | $ | (11) |  | $ | 50,822 |  | $ | — |  | $ | — |  | $ | — |  | $ | —
U.S. GSE securities |  |  | 5,000 |  |  | — |  |  | (5) |  |  | 4,995 |  |  | 29,997 |  |  | — |  |  | (947) |  |  | 29,050
State and municipal obligations |  |  | 34,303 |  |  | 704 |  |  | (43) |  |  | 34,964 |  |  | 40,980 |  |  | 105 |  |  | (354) |  |  | 40,731
U.S. GSE residential mortgage-backed securities |  |  | 84,550 |  |  | 609 |  |  | (468) |  |  | 84,691 |  |  | 96,536 |  |  | 38 |  |  | (3,036) |  |  | 93,538
U.S. GSE residential collateralized mortgage obligations |  |  | 278,149 |  |  | 1,166 |  |  | (1,464) |  |  | 277,851 |  |  | 362,905 |  |  | 826 |  |  | (5,954) |  |  | 357,777
U.S. GSE commercial mortgage-backed securities |  |  | 13,656 |  |  | 23 |  |  | (70) |  |  | 13,609 |  |  | 3,536 |  |  | — |  |  | (28) |  |  | 3,508
U.S. GSE commercial collateralized mortgage obligations |  |  | 102,722 |  |  | 1,723 |  |  | (289) |  |  | 104,156 |  |  | 93,177 |  |  | — |  |  | (2,539) |  |  | 90,638
Other asset-backed securities |  |  | 24,250 |  |  | — |  |  | (849) |  |  | 23,401 |  |  | 24,250 |  |  | — |  |  | (1,031) |  |  | 23,219
Corporate bonds |  |  | 46,000 |  |  | — |  |  | (2,198) |  |  | 43,802 |  |  | 46,000 |  |  | — |  |  | (3,575) |  |  | 42,425
Total available for sale |  |  | 639,463 |  |  | 4,225 |  |  | (5,397) |  |  | 638,291 |  |  | 697,381 |  |  | 969 |  |  | (17,464) |  |  | 680,886
Held to maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
State and municipal obligations |  |  | 41,008 |  |  | 809 |  |  | — |  |  | 41,817 |  |  | 53,540 |  |  | 290 |  |  | (276) |  |  | 53,554
U.S. GSE residential mortgage-backed securities |  |  | 8,142 |  |  | 5 |  |  | (54) |  |  | 8,093 |  |  | 9,688 |  |  | — |  |  | (336) |  |  | 9,352
U.S. GSE residential collateralized mortgage obligations |  |  | 39,936 |  |  | 624 |  |  | (62) |  |  | 40,498 |  |  | 48,244 |  |  | 163 |  |  | (1,130) |  |  | 47,277
U.S. GSE commercial mortgage-backed securities |  |  | 17,215 |  |  | 102 |  |  | (82) |  |  | 17,235 |  |  | 19,098 |  |  | 4 |  |  | (620) |  |  | 18,482
U.S. GSE commercial collateralized mortgage obligations |  |  | 27,337 |  |  | 191 |  |  | (144) |  |  | 27,384 |  |  | 29,593 |  |  | — |  |  | (1,466) |  |  | 28,127
Total held to maturity |  |  | 133,638 |  |  | 1,731 |  |  | (342) |  |  | 135,027 |  |  | 160,163 |  |  | 457 |  |  | (3,828) |  |  | 156,792
Total securities |  | $ | 773,101 |  | $ | 5,956 |  | $ | (5,739) |  | $ | 773,318 |  | $ | 857,544 |  | $ | 1,426 |  | $ | (21,292) |  | $ | 837,678
Schedule of amortized cost, fair value and maturities of the available for sale and held to maturity investment securities portfolio |
|  | December 31, 2019
|  | Within |  | After One but |  | After Five but |  | After |  |  |  |
|  | One Year |  | Within Five Years |  | Within Ten Years |  | Ten Years |  | Total
|  | Estimated |  |  |  | Estimated |  |  |  | Estimated |  |  |  | Estimated |  |  |  | Estimated |  |
|  | Fair |  | Amortized |  | Fair |  | Amortized |  | Fair |  | Amortized |  | Fair |  | Amortized |  | Fair |  | Amortized
(In thousands) |  | Value |  | Cost |  | Value |  | Cost |  | Value |  | Cost |  | Value |  | Cost |  | Value |  | Cost
Available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 50,822 |  | $ | 50,833 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 50,822 |  | $ | 50,833
U.S. GSE securities |  |  | — |  |  | — |  |  | 4,995 |  |  | 5,000 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,995 |  |  | 5,000
State and municipal obligations |  |  | 1,143 |  |  | 1,142 |  |  | 14,829 |  |  | 14,620 |  |  | 16,540 |  |  | 16,088 |  |  | 2,452 |  |  | 2,453 |  |  | 34,964 |  |  | 34,303
U.S. GSE residential mortgage-backed securities |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 84,691 |  |  | 84,550 |  |  | 84,691 |  |  | 84,550
U.S. GSE residential collateralized mortgage obligations |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 277,851 |  |  | 278,149 |  |  | 277,851 |  |  | 278,149
U.S. GSE commercial mortgage-backed securities |  |  | — |  |  | — |  |  | 8,761 |  |  | 8,753 |  |  | 4,848 |  |  | 4,903 |  |  | — |  |  | — |  |  | 13,609 |  |  | 13,656
U.S. GSE commercial collateralized mortgage obligations |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 104,156 |  |  | 102,722 |  |  | 104,156 |  |  | 102,722
Other asset backed securities |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 23,401 |  |  | 24,250 |  |  | 23,401 |  |  | 24,250
Corporate bonds |  |  | — |  |  | — |  |  | 14,538 |  |  | 15,000 |  |  | 29,264 |  |  | 31,000 |  |  | — |  |  | — |  |  | 43,802 |  |  | 46,000
Total available for sale |  |  | 51,965 |  |  | 51,975 |  |  | 43,123 |  |  | 43,373 |  |  | 50,652 |  |  | 51,991 |  |  | 492,551 |  |  | 492,124 |  |  | 638,291 |  |  | 639,463
Held to maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
State and municipal obligations |  |  | 8,838 |  |  | 8,827 |  |  | 23,382 |  |  | 22,902 |  |  | 9,444 |  |  | 9,129 |  |  | 153 |  |  | 150 |  |  | 41,817 |  |  | 41,008
U.S. GSE residential mortgage-backed securities |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,919 |  |  | 5,947 |  |  | 2,174 |  |  | 2,195 |  |  | 8,093 |  |  | 8,142
U.S. GSE residential collateralized mortgage obligations |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,865 |  |  | 3,871 |  |  | 36,633 |  |  | 36,065 |  |  | 40,498 |  |  | 39,936
U.S. GSE commercial mortgage-backed securities |  |  | — |  |  | — |  |  | 4,824 |  |  | 4,776 |  |  | 4,835 |  |  | 4,805 |  |  | 7,576 |  |  | 7,634 |  |  | 17,235 |  |  | 17,215
U.S. GSE commercial collateralized mortgage obligations |  |  | — |  |  | — |  |  | 387 |  |  | 392 |  |  | — |  |  | — |  |  | 26,997 |  |  | 26,945 |  |  | 27,384 |  |  | 27,337
Total held to maturity |  |  | 8,838 |  |  | 8,827 |  |  | 28,593 |  |  | 28,070 |  |  | 24,063 |  |  | 23,752 |  |  | 73,533 |  |  | 72,989 |  |  | 135,027 |  |  | 133,638
Total securities |  | $ | 60,803 |  | $ | 60,802 |  | $ | 71,716 |  | $ | 71,443 |  | $ | 74,715 |  | $ | 75,743 |  | $ | 566,084 |  | $ | 565,113 |  | $ | 773,318 |  | $ | 773,101
Schedule of securities having a continuous unrealized loss position aggregated by a period of time less than or greater than 12 months |
|  | December 31,
|  | 2019 |  | 2018
|  | Less than 12 months |  | Greater than 12 months |  | Less than 12 months |  | Greater than 12 months
|  | Estimated |  | Gross |  | Estimated |  | Gross |  | Estimated |  | Gross |  | Estimated |  | Gross
|  | Fair |  | Unrealized |  | Fair |  | Unrealized |  | Fair |  | Unrealized |  | Fair |  | Unrealized
(In thousands) |  | Value |  | Losses |  | Value |  | Losses |  | Value |  | Losses |  | Value |  | Losses
Available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 50,822 |  | $ | (11) |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | —
U.S. GSE securities |  |  | — |  |  | — |  |  | 4,995 |  |  | (5) |  |  | — |  |  | — |  |  | 29,050 |  |  | (947)
State and municipal obligations |  |  | 4,982 |  |  | (42) |  |  | 76 |  |  | (1) |  |  | 6,655 |  |  | (15) |  |  | 21,273 |  |  | (339)
U.S. GSE residential mortgage-backed securities |  |  | 2,935 |  |  | (30) |  |  | 39,617 |  |  | (438) |  |  | — |  |  | — |  |  | 88,762 |  |  | (3,036)
U.S. GSE residential collateralized mortgage obligations |  |  | 81,377 |  |  | (480) |  |  | 93,403 |  |  | (984) |  |  | 46,452 |  |  | (141) |  |  | 172,468 |  |  | (5,813)
U.S. GSE commercial mortgage-backed securities |  |  | 6,648 |  |  | (70) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,508 |  |  | (28)
U.S. GSE commercial collateralized mortgage obligations |  |  | 28,710 |  |  | (145) |  |  | 9,614 |  |  | (144) |  |  | 46,705 |  |  | (623) |  |  | 43,933 |  |  | (1,916)
Other asset-backed securities |  |  | — |  |  | — |  |  | 23,401 |  |  | (849) |  |  | — |  |  | — |  |  | 23,219 |  |  | (1,031)
Corporate bonds |  |  | — |  |  | — |  |  | 43,802 |  |  | (2,198) |  |  | — |  |  | — |  |  | 42,425 |  |  | (3,575)
Total available for sale |  | $ | 175,474 |  | $ | (778) |  | $ | 214,908 |  | $ | (4,619) |  | $ | 99,812 |  | $ | (779) |  | $ | 424,638 |  | $ | (16,685)
Held to maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
State and municipal obligations |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 8,286 |  | $ | (26) |  | $ | 22,142 |  | $ | (250)
U.S. GSE residential mortgage-backed securities |  |  | — |  |  | — |  |  | 7,268 |  |  | (54) |  |  | — |  |  | — |  |  | 9,352 |  |  | (336)
U.S. GSE residential collateralized mortgage obligations |  |  | 6,750 |  |  | (17) |  |  | 6,105 |  |  | (45) |  |  | — |  |  | — |  |  | 40,665 |  |  | (1,130)
U.S. GSE commercial mortgage-backed securities |  |  | — |  |  | — |  |  | 5,034 |  |  | (82) |  |  | — |  |  | — |  |  | 16,205 |  |  | (620)
U.S. GSE commercial collateralized mortgage obligations |  |  | 13,038 |  |  | (57) |  |  | 4,300 |  |  | (87) |  |  | — |  |  | — |  |  | 28,127 |  |  | (1,466)
Total held to maturity |  | $ | 19,788 |  | $ | (74) |  | $ | 22,707 |  | $ | (268) |  | $ | 8,286 |  | $ | (26) |  | $ | 116,491 |  | $ | (3,802)

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets. + References No definition available. + Details
Name: | us-gaap_MarketableSecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=118939692&loc=d3e27290-111563 + Details
Name: | us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration