XML 35 R23.htm IDEA: XBRL DOCUMENT v3.22.2.2
Securities (Tables)
9 Months Ended
Sep. 30, 2022
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 September 30, 2022 and December 31, 2021:
Available-for-Sale Debt Securities
September 30, 2022Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
(In thousands)
U.S. Treasuries$191,108 $$24,504 $166,604 
Obligations of U.S. Government sponsored entities828,313 98,285 730,028 
Obligations of U.S. states and political subdivisions95,162 12,101 83,061 
Mortgage-backed securities – residential, issued by
 U.S. Government agencies61,553 6,503 55,059 
 U.S. Government sponsored entities831,465 127,651 703,814 
U.S. corporate debt securities2,500 130 2,370 
Total available-for-sale debt securities$2,010,101 $9 $269,174 $1,740,936 
 
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 tables summarize held-to-maturity debt securities held by the Company at September 30, 2022 and December 31, 2021:

Held-to-Maturity Securities
September 30, 2022Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
(In thousands)
U.S. Treasuries$86,530 $$13,494 $73,036 
Obligations of U.S. Government sponsored entities225,799 40,080 185,719 
Total held-to-maturity debt securities$312,329 $0 $53,574 $258,755 

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 entities197,320 389 1,789 195,920 
Total held-to-maturity debt securities$284,009 $668 $2,389 $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 September 30, 2022, and December 31, 2021:

September 30, 2022Less than 12 Months12 Months or LongerTotal
(In thousands)Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
U.S. Treasuries$46,222 $5,380 $120,382 $19,124 $166,604 $24,504 
Obligations of U.S. Government sponsored entities182,146 13,817 547,882 84,468 730,028 98,285 
Obligations of U.S. states and political subdivisions74,961 9,682 8,075 2,419 83,036 12,101 
Mortgage-backed securities – residential, issued by
U.S. Government agencies30,615 2,076 24,071 4,427 54,686 6,503 
U.S. Government sponsored entities233,738 25,929 470,077 101,722 703,815 127,651 
U.S. corporate debt securities2,370 130 2,370 130 
Total available-for-sale debt securities$567,682 $56,884 $1,172,857 $212,290 $1,740,539 $269,174 
December 31, 2021Less 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 agencies22,07416016,84637238,920532
U.S. Government sponsored entities553,35111,44084,5372,841637,88814,281
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 September 30, 2022 and December 31, 2021:

September 30, 2022Less than 12 Months12 Months or LongerTotal
(In thousands)Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
U.S. Treasuries$43,325 $7,410 $29,711 $6,084 $73,036 $13,494 
Obligations of U.S. Government sponsored entities119,809 24,768 65,910 15,312 185,719 40,080 
Total held-to-maturity debt securities$163,134 $32,178 $95,621 $21,396 $258,755 $53,574 

December 31, 2021Less 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 entities84,592 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
September 30, 2022
(In thousands)Amortized CostFair Value
Available-for-sale debt securities:
Due in one year or less$32,225 $31,929 
Due after one year through five years572,260 520,304 
Due after five years through ten years470,646 398,123 
Due after ten years41,952 31,707 
Total1,117,083 982,063 
Mortgage-backed securities893,018 758,873 
Total available-for-sale debt securities$2,010,101 $1,740,936 

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 
September 30, 2022
(In thousands)Amortized CostFair Value
Held-to-maturity debt securities:
Due after five years through ten years$312,329 $258,755 
Total held-to-maturity debt securities$312,329 $258,755 

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