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DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2023

DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS

Schedule of fair value measurements of assets recognized in the accompanying statements of financial condition measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements


					Fair value measurements using
					Quoted prices
					in active
					markets			Other			Significant
					for identical			observable			unobservable
					assets			inputs			inputs
		Fair value			(Level 1)			(Level 2)			(Level 3)

		(In Thousands)
September 30, 2023
Available-for-sale securities
Agency mortgage-backed securities		$	260,489		$	—		$	260,489		$	—
Agency collateralized mortgage obligations			73,134			—			73,134			—
States and political subdivisions securities			52,390			—			52,390			—
Small Business Administration securities			61,935			—			61,935			—
Interest rate derivative asset			10,619			—			10,619			—
Interest rate derivative liability			(45,502)			—			(45,502)			—

December 31, 2022
Available-for-sale securities
Agency mortgage-backed securities		$	286,482		$	—		$	286,482		$	—
Agency collateralized mortgage obligations			78,474			—			78,474			—
States and political subdivisions securities			57,495			—			57,495			—
Small Business Administration securities			68,141			—			68,141			—
Interest rate derivative asset			11,061			—			11,061			—
Interest rate derivative liability			(42,097)			—			(42,097)			—

Schedule of fair value measurements of assets measured at fair value on a nonrecurring basis


					Fair Value Measurements Using
					Quoted prices
					in active
					markets			Other			Significant
					for identical			observable			unobservable
					assets			inputs			inputs
		Fair value			(Level 1)			(Level 2)			(Level 3)

		(In Thousands)
September 30, 2023
Collateral-dependent loans		$	7,531		$	—		$	—		$	7,531

December 31, 2022
Collateral-dependent loans		$	785		$	—		$	—		$	785

Schedule of estimated fair values of the Company's financial instruments not recorded at fair value on the statements of financial condition


		September 30, 2023									December 31, 2022
		Carrying			Fair			Hierarchy		Carrying			Fair			Hierarchy
		Amount			Value			Level		Amount			Value			Level

		(In Thousands)
Financial assets
Cash and cash equivalents		$	182,315		$	182,315		1		$	168,520		$	168,520		1
Held-to-maturity securities			196,716			166,090		2			202,495			177,765		2
Mortgage loans held for sale			5,678			5,678		2			4,811			4,811		2
Loans, net of allowance for credit losses			4,564,567			4,388,425		3			4,506,836			4,391,084		3
Interest receivable			19,366			19,366		3			19,107			19,107		3
Investment in FHLBank stock and other assets			36,038			36,038		3			30,814			30,814		3

Financial liabilities
Deposits			4,851,548			4,839,018		3			4,684,910			4,672,913		3
Short-term borrowings			142,282			142,282		3			266,426			266,426		3
Subordinated debentures			25,774			25,774		3			25,774			25,774		3
Subordinated notes			74,504			70,500		2			74,281			72,000		2
Interest payable			6,619			6,619		3			3,010			3,010		3

Unrecognized financial instruments (net of contractual value)
Commitments to originate loans			—			—		3			—			—		3
Letters of credit			79			79		3			73			73		3
Lines of credit			—			—		3			—			—		3