XML 49 R34.htm IDEA: XBRL DOCUMENT v3.22.0.1
Securities (Tables)
 12 Months Ended
Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]  
Schedule of available-for-sale securities
The following tables summarize available-for-sale debt securities held by the Company at December 31, 2021 and 2020:
December 31, 2021Available-for-Sale Debt Securities
(In thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
U.S. Treasuries$160,291 $85 $2,542 $157,834 
Obligations of U.S. Government sponsored entities843,218 4,527 15,372 832,373 
Obligations of U.S. states and political subdivisions102,177 2,092 100 104,169 
Mortgage-backed securities – residential, issued by
U.S. Government agencies76,502 1,187 532 77,157 
U.S. Government sponsored entities879,102 5,735 14,281 870,556 
U.S. corporate debt securities2,500 0 76 2,424 
Total available-for-sale debt securities$2,063,790 $13,626 $32,903 $2,044,513 
  
December 31, 2020Available-for-Sale Debt Securities
(In thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Obligations of U.S. Government sponsored entities$599,652 $9,820 $1,992 $607,480 
Obligations of U.S. states and political subdivisions126,642 3,144 40 129,746 
Mortgage-backed securities – residential, issued by
U.S. Government agencies179,538 3,216 646 182,108 
U.S. Government sponsored entities691,562 14,593 675 705,480 
U.S. corporate debt securities2,500 0 121 2,379 
Total available-for-sale debt securities$1,599,894 $30,773 $3,474 $1,627,193 
Schedule of held to maturity securities
December 31, 2021Held-to-Maturity Securities
(In thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
U.S. Treasuries$86,689 $279 $600 $86,368 
Obligations of U.S. Government sponsored entities197,320 389 1,789 195,920 
Total held-to-maturity debt securities$284,009 $668 $2,389 $282,288 
December 31, 2021
(In thousands)Amortized CostFair Value
Held-to-maturity securities:
Due after five years through ten years284,009 282,288 
Total held-to-maturity debt securities$284,009 $282,288 
Schedule of sales transactions of available-for-sale securities
The following table sets forth information with regard to sales transactions of debt securities available-for-sale:
Year ended December 31,
(In thousands)202120202019
Proceeds from sales$142,679 $42,333 $232,598 
Gross realized gains1,126 179 1,123 
Gross realized losses(851)0 (595)
Net gains (losses) on sales of available-for-sale debt securities$275 $179 $528 
Schedule of debt securities, available for sale with unrealized losses
The following table summarizes available-for-sale debt securities that had unrealized losses at December 31, 2021:
December 31, 2021Available-for-Sale Debt Securities
Less than 12 Months12 Months or LongerTotal
(In thousands)Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
U.S. Treasuries$147,810 $2,542 $0 $0 $147,810 $2,542 
Obligations of U.S. Government sponsored entities362,895 $6,694 $289,210 $8,678 $652,105 $15,372 
Obligations of U.S. states and political subdivisions9,700 85 1,283 15 10,983 100 
Mortgage-backed securities – residential, issued by
U.S. Government agencies22,074 160 16,846 372 38,920 532 
U.S. Government sponsored entities553,351 11,440 84,537 2,841 637,888 14,281 
U.S. corporate debt securities0 0 2,424 76 2,424 76 
Total available-for-sale debt securities$1,095,830 $20,921 $394,300 $11,982 $1,490,130 $32,903 
The following table summarizes available-for-sale debt securities that had unrealized losses at December 31, 2020: 
December 31, 2020Available-for-Sale Debt Securities
Less than 12 Months12 Months or LongerTotal
(In thousands)Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
Obligations of U.S. Government sponsored entities$310,711 $1,992 $0 $0 $310,711 $1,992 
Obligations of U.S. states and political subdivisions8,868 40 0 0 8,868 40 
Mortgage-backed securities – residential, issued by
U.S. Government agencies10,560 396 1,819 250 12,379 646 
U.S. Government sponsored entities87,643 586 5,068 89 92,711 675 
U.S. corporate debt securities0 0 2,379 121 2,379 121 
Total available-for-sale debt securities$417,782 $3,014 $9,266 $460 $427,048 $3,474 
Schedule held-to-maturity securities with unrealized losses
The following table summarizes held-to-maturity debt securities that had unrealized losses at December 31, 2021:

December 31, 2021Held-to-Maturity Securities
Less than 12 Months12 Months or LongerTotal
(In thousands)Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
U.S. Treasuries$35,280 $600 $0 $0 $35,280 $600 
Obligations of U.S. Government sponsored entities84,592 1,789 0 0 84,592 1,789 
Total held-to-maturity securities$119,872 $2,389 $0 $0 $119,872 $2,389 
Schedule of amortized cost and estimated fair value of debt securities by contractual maturity
December 31, 2021
(In thousands)Amortized CostFair Value
Available-for-sale debt securities:
Due in one year or less$77,159 $77,892 
Due after one year through five years474,537 471,776 
Due after five years through ten years501,748 492,573 
Due after ten years54,742 54,559 
Total1,108,186 1,096,800 
Mortgage-backed securities955,604 947,713 
Total available-for-sale debt securities$2,063,790 $2,044,513 

December 31, 2020
(In thousands)Amortized CostFair Value
Available-for-sale debt securities:
Due in one year or less$54,484 $55,008 
Due after one year through five years379,044 388,132 
Due after five years through ten years228,572 229,107 
Due after ten years66,694 67,358 
Total728,794 739,605 
Mortgage-backed securities871,100 887,588 
Total available-for-sale debt securities$1,599,894 $1,627,193