XML 48 R27.htm IDEA: XBRL DOCUMENT
v3.20.1

FAIR VALUE (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2020
FAIR VALUE. |
Schedule of assets and liabilities measured on a recurring basis |
|  | March 31, 2020
|  |  |  | 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 |  | $ | 59,999 |  |  |  | $ | 59,999 |  |
State and municipal obligations |  |  | 37,946 |  |  |  |  | 37,946 |  |
U.S. GSE residential mortgage-backed securities |  |  | 81,654 |  |  |  |  | 81,654 |  |
U.S. GSE residential collateralized mortgage obligations |  |  | 205,492 |  |  |  |  | 205,492 |  |
U.S. GSE commercial mortgage-backed securities |  |  | 17,049 |  |  |  |  | 17,049 |  |
U.S. GSE commercial collateralized mortgage obligations |  |  | 83,380 |  |  |  |  | 83,380 |  |
Other asset-backed securities |  |  | 22,552 |  |  |  |  | 22,552 |  |
Corporate bonds |  |  | 45,206 |  |  |  |  | 45,206 |  |
Total available for sale securities |  | $ | 553,278 |  |  |  | $ | 553,278 |  |
Derivatives |  | $ | 57,874 |  |  |  | $ | 57,874 |  |
Financial liabilities: |  |  |  |  |  |  |  |  |  |
Derivatives |  | $ | 68,839 |  |  |  | $ | 68,839 |  |
|  | 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 |  |
Schedule of assets measured at fair value on a non-recurring basis |
|  | March 31, 2020
|  |  |  | 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
Collateral dependent loans |  | $ | 2,902 |  |  |  |  |  | $ | 2,902
|  | 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
Schedule of estimated fair values and recorded carrying values of financial instruments |
|  | March 31, 2020
|  |  |  | 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 |  | $ | 61,352 |  | $ | 61,352 |  | $ | — |  | $ | — |  | $ | 61,352
Interest-bearing deposits with banks |  |  | 172,830 |  |  | 172,830 |  |  | — |  |  | — |  |  | 172,830
Securities available for sale |  |  | 553,278 |  |  | — |  |  | 553,278 |  |  | — |  |  | 553,278
Securities restricted |  |  | 26,354 |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a
Securities held to maturity |  |  | 124,231 |  |  | — |  |  | 127,653 |  |  | — |  |  | 127,653
Loans held for sale |  |  | 12,643 |  |  | — |  |  | — |  |  | 12,643 |  |  | 12,643
Loans, net |  |  | 3,722,915 |  |  | — |  |  | — |  |  | 3,755,669 |  |  | 3,755,669
Derivatives |  |  | 57,874 |  |  | — |  |  | 57,874 |  |  | — |  |  | 57,874
Accrued interest receivable |  |  | 11,070 |  |  | — |  |  | 2,105 |  |  | 8,965 |  |  | 11,070
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit |  |  | 310,077 |  |  | — |  |  | 312,965 |  |  | — |  |  | 312,965
Demand and other deposits |  |  | 3,745,658 |  |  | 3,745,658 |  |  | — |  |  | — |  |  | 3,745,658
FHLB advances |  |  | 290,000 |  |  | — |  |  | 300,760 |  |  | — |  |  | 300,760
Repurchase agreements |  |  | 1,195 |  |  | — |  |  | 1,195 |  |  | — |  |  | 1,195
Subordinated debentures |  |  | 78,955 |  |  | — |  |  | 89,678 |  |  | — |  |  | 89,678
Derivatives |  |  | 68,839 |  |  | — |  |  | 68,839 |  |  | — |  |  | 68,839
Accrued interest payable |  |  | 387 |  |  | — |  |  | 387 |  |  | — |  |  | 387
|  | 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

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -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
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -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
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- 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
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration