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v3.20.2

FAIR VALUE (Tables) | 9 Months Ended
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Sep. 30, 2020
FAIR VALUE. |
Schedule of assets and liabilities measured on a recurring basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 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: |  | ​ | ​ | ​ |  | ​ | ​ | ​ | ​ |
State and municipal obligations | ​ | $ | 36,504 | ​ |  | ​ | $ | 36,504 | ​ |
U.S. GSE residential mortgage-backed securities | ​ |  | 118,876 | ​ |  | ​ |  | 118,876 | ​ |
U.S. GSE residential collateralized mortgage obligations | ​ |  | 161,582 | ​ |  | ​ |  | 161,582 | ​ |
U.S. GSE commercial mortgage-backed securities | ​ |  | 13,368 | ​ |  | ​ |  | 13,368 | ​ |
U.S. GSE commercial collateralized mortgage obligations | ​ |  | 64,792 | ​ |  | ​ |  | 64,792 | ​ |
Other asset-backed securities | ​ |  | 23,894 | ​ |  | ​ |  | 23,894 | ​ |
Corporate bonds | ​ |  | 47,065 | ​ |  | ​ |  | 47,065 | ​ |
Total available for sale securities | ​ | $ | 466,081 | ​ | ​ | ​ | $ | 466,081 | ​ |
Derivatives | ​ | $ | 59,385 | ​ | ​ | ​ | $ | 59,385 | ​ |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Financial liabilities: | ​ |  | ​ | ​ |  | ​ |  | ​ | ​ |
Derivatives | ​ | $ | 67,341 | ​ | ​ | ​ | $ | 67,341 | ​ |
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 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 | ​ | $ | 10,000 |  | ​ | ​ | ​ | ​ |  | $ | 10,000
Individually evaluated loans | ​ | $ | 6,954 | ​ | $ | 4,014 |  |  |  | $ | 2,940
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 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 |  | $ | 94,892 |  | $ | 94,892 |  | $ | — |  | $ | — |  | $ | 94,892
Interest-bearing deposits with banks | ​ |  | 615,575 | ​ |  | 615,575 | ​ |  | — | ​ |  | — | ​ |  | 615,575
Securities available for sale | ​ |  | 466,081 | ​ |  | — | ​ |  | 466,081 | ​ |  | — | ​ |  | 466,081
Securities restricted | ​ |  | 23,362 | ​ |  | n/a | ​ |  | n/a | ​ |  | n/a | ​ |  | n/a
Securities held to maturity | ​ |  | 100,934 | ​ |  | — | ​ |  | 104,911 | ​ |  | — | ​ |  | 104,911
Loans held for sale | ​ | ​ | 10,000 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 10,000 | ​ | ​ | 10,000
Loans, net | ​ |  | 4,595,999 | ​ |  | — | ​ |  | — | ​ |  | 4,645,937 | ​ |  | 4,645,937
Derivatives | ​ |  | 59,385 | ​ |  | — | ​ |  | 59,385 | ​ |  | — | ​ |  | 59,385
Accrued interest receivable | ​ |  | 15,823 | ​ |  | — | ​ |  | 1,790 | ​ |  | 14,033 | ​ |  | 15,823
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Financial liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Certificates of deposit | ​ |  | 290,402 | ​ |  | — | ​ |  | 293,552 | ​ |  | — | ​ |  | 293,552
Demand and other deposits | ​ |  | 5,078,667 | ​ |  | 5,078,667 | ​ |  | — | ​ |  | — | ​ |  | 5,078,667
FHLB advances | ​ |  | 215,000 | ​ |  | — | ​ |  | 222,342 | ​ |  | — | ​ |  | 222,342
Repurchase agreements | ​ |  | 1,353 | ​ |  | — | ​ |  | 1,353 | ​ |  | — | ​ |  | 1,353
Subordinated debentures | ​ |  | 79,024 | ​ |  | — | ​ |  | 87,615 | ​ |  | — | ​ |  | 87,615
Derivatives | ​ |  | 67,341 | ​ |  | — | ​ |  | 67,341 | ​ |  | — | ​ |  | 67,341
Accrued interest payable | ​ |  | 328 | ​ |  | — | ​ |  | 328 | ​ |  | — | ​ |  | 328
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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

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- 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
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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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