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Securities (Tables)
3 Months Ended
Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]  
Schedule of available for sale securities
The following table summarizes available-for-sale debt securities held by the Company at March 31, 2022:
Available-for-Sale Debt Securities
March 31, 2022Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
(In thousands)
U.S. Treasuries$190,997 $$12,094 $178,903 
Obligations of U.S. Government sponsored entities852,733 898 51,524 802,107 
Obligations of U.S. states and political subdivisions100,287 152 4,778 95,661 
Mortgage-backed securities – residential, issued by
   U.S. Government agencies68,435 157 2,315 66,277 
   U.S. Government sponsored entities891,954 83 56,264 835,773 
U.S. corporate debt securities2,500 73 2,427 
Total available-for-sale debt securities$2,106,906 $1,290 $127,048 $1,981,148 
 
 The following table summarizes available-for-sale debt securities held by the Company at December 31, 2021:  
Available-for-Sale Debt Securities
December 31, 2021Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
(In thousands)
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 76 2,424 
Total available-for-sale debt securities$2,063,790 $13,626 $32,903 $2,044,513 
Schedule of held to maturity securities
The following table summarizes held-to-maturity debt securities held by the Company at March 31, 2022:

Held-to-Maturity Securities
March 31, 2022Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
(In thousands)
U.S. Treasuries$86,635 $$6,002 $80,633 
Obligations of U.S. Government sponsored entities216,889 16,605 200,284 
Total held-to-maturity debt securities$303,524 $0 $22,607 $280,917 

The following table summarizes held-to-maturity debt securities held by the Company at December 31, 2021:

Held-to-Maturity Securities
December 31, 2021Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
(In thousands)
U.S. Treasuries$86,689 $279 $600 $86,368 
Obligations of U.S. Government sponsored entities$197,320 $389 $1,789 $195,920 
Total held-to-maturity debt securities$284,009 $668 $2,389 $282,288 
March 31, 2022
(In thousands)Amortized CostFair Value
Held-to-maturity debt securities:
Due after five years through ten years$303,524 $280,917 
Total held-to-maturity debt securities$303,524 $280,917 

December 31, 2021
(In thousands)Amortized CostFair Value
Held-to-maturity debt securities:
Due after five years through ten years$284,009 $282,288 
Total held-to-maturity debt securities$284,009 $282,288 
Schedule of available for sale securities with unrealized losses
The following table summarizes available-for-sale debt securities that had unrealized losses at March 31, 2022:  

Less than 12 Months12 Months or LongerTotal
(In thousands)Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
U.S. Treasuries$174,290 $11,756 $4,613 $338 $178,903 $12,094 
Obligations of U.S. Government sponsored entities269,829 18,755 394,741 32,769 664,570 51,524 
Obligations of U.S. states and political subdivisions65,155 4,291 3,378 487 68,533 4,778 
Mortgage-backed securities – residential, issued by
U.S. Government agencies30,557 996 17,796 1,319 48,353 2,315 
U.S. Government sponsored entities542,511 25,160 275,733 31,104 818,244 56,264 
U.S. corporate debt securities2,427 73 2,427 73 
Total available-for-sale debt securities$1,082,342 $60,958 $698,688 $66,090 $1,781,030 $127,048 
The following table summarizes available-for-sale debt securities that had unrealized losses at December 31, 2021:  

Less than 12 Months12 Months or LongerTotal
(In thousands)Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
U.S. Treasuries$147,810 $2,542 $$$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 securities2,424 76 2,424 76 
Total available-for-sale debt securities$1,095,830 $20,921 $394,300 $11,982 $1,490,130 $32,903 
Schedule held-to-maturity securities with unrealized losses
The following table summarizes held-to-maturity debt securities that had unrealized losses at March 31, 2022:
                       
Less than 12 Months12 Months or LongerTotal
(In thousands)Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
U.S. Treasuries$80,633 $6,002 $$$80,633 $6,002 
Obligations of U.S. Government sponsored entities$200,284 $16,605 $$$200,284 $16,605 
Total held-to-maturity debt securities$280,917 $22,607 $0 $0 $280,917 $22,607 

The following table summarizes held-to-maturity debt securities that had unrealized losses at December 31, 2021:

Less than 12 Months12 Months or LongerTotal
(In thousands)Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
U.S. Treasuries$35,280 $600 $$$35,280 $600 
Obligations of U.S. Government sponsored entities$84,592 $1,789 $$$84,592 $1,789 
Total held-to-maturity debt 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
The amortized cost and estimated fair value of debt securities by contractual maturity are shown in the following table. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Mortgage-backed securities are shown separately since they are not due at a single maturity date.

March 31, 2022
(In thousands)Amortized CostFair Value
Available-for-sale debt securities:
Due in one year or less$58,553 $58,888 
Due after one year through five years525,430 501,283 
Due after five years through ten years508,112 470,234 
Due after ten years54,422 48,693 
Total1,146,517 1,079,098 
Mortgage-backed securities960,389 902,050 
Total available-for-sale debt securities$2,106,906 $1,981,148 
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