XML 35 R22.htm IDEA: XBRL DOCUMENT
v3.20.2

SECURITIES AVAILABLE FOR SALE (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2020
Investments, Debt and Equity Securities [Abstract] |
Summary of Securities Available for Sale | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Unrealized | ​ | Unrealized | ​ | ​ | ​
(in thousands) |  | Amortized Cost |  | Gains |  | Losses |  | Fair Value
September 30, 2020 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Debt securities: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Mortgage-backed securities: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
US Government-sponsored enterprises | ​ | $ | 226,930 | ​ | $ | 8,683 | ​ | $ | (441) | ​ | $ | 235,172
US Government agency | ​ |  | 92,517 | ​ |  | 3,413 | ​ |  | (145) | ​ |  | 95,785
Private label | ​ |  | 20,142 | ​ |  | 40 | ​ |  | (579) | ​ |  | 19,603
Obligations of states and political subdivisions thereof | ​ |  | 149,890 | ​ |  | 4,267 | ​ |  | — | ​ |  | 154,157
Corporate bonds | ​ |  | 99,786 | ​ |  | 1,713 | ​ |  | (1,687) | ​ |  | 99,812
Total securities available for sale | ​ | $ | 589,265 | ​ | $ | 18,116 | ​ | $ | (2,852) | ​ | $ | 604,529
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Unrealized | ​ | Unrealized | ​ | ​ | ​
(in thousands) |  | Amortized Cost |  | Gains |  | Losses |  | Fair Value
December 31, 2019 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Debt securities: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Mortgage-backed securities: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
US Government-sponsored enterprises | ​ | $ | 319,064 | ​ | $ | 4,985 | ​ | $ | (2,080) | ​ | $ | 321,969
US Government agency | ​ |  | 98,568 | ​ |  | 1,640 | ​ |  | (547) | ​ |  | 99,661
Private label | ​ |  | 20,212 | ​ |  | 68 | ​ |  | (747) | ​ |  | 19,533
Obligations of states and political subdivisions thereof | ​ |  | 139,240 | ​ |  | 3,034 | ​ |  | (268) | ​ |  | 142,006
Corporate bonds | ​ |  | 78,804 | ​ |  | 1,478 | ​ |  | (221) | ​ |  | 80,061
Total securities available for sale | ​ | $ | 655,888 | ​ | $ | 11,205 | ​ | $ | (3,863) | ​ | $ | 663,230
Schedule of Amortized Cost and Estimated Fair Value of Available for Sale (AFS) Securities, Segregated by Contractual Maturity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Available for sale
(in thousands) |  | Amortized Cost |  | Fair Value
Within 1 year |  | $ | — | ​ | $ | —
Over 1 year to 5 years | ​ |  | 25,596 | ​ |  | 25,849
Over 5 years to 10 years | ​ |  | 81,687 | ​ |  | 79,979
Over 10 years | ​ |  | 142,393 | ​ |  | 148,141
Total bonds and obligations | ​ |  | 249,676 | ​ |  | 253,969
Mortgage-backed securities | ​ |  | 339,589 | ​ |  | 350,560
Total securities available for sale | ​ | $ | 589,265 | ​ | $ | 604,529
Schedule of Gains and Losses from Sale of AFS Securities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | September 30, | ​ | September 30,
(In thousands) |  | 2020 |  | 2019 |  | 2020 |  | 2019
Gross gains on sales of available for sale securities | ​ | $ | — | ​ | $ | 716 | ​ | $ | 1,508 | ​ | $ | 716
Gross losses on sales of available for sale securities | ​ |  | — | ​ |  | (559) | ​ |  | (22) | ​ |  | (559)
Net gains on sale of available for sale securities | ​ | $ | — | ​ | $ | 157 | ​ | $ | 1,486 | ​ | $ | 157
Schedule of Securities with Unrealized Losses, Segregated by the Duration of Continuous Unrealized Loss Positions | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Less Than Twelve Months | ​ | Over Twelve Months | ​ | Total
​ | ​ | Gross |  | ​ | ​ |  | Gross |  | ​ | ​ |  | Gross |  | ​ | ​
​ | ​ | Unrealized | ​ | Fair | ​ | Unrealized | ​ | Fair | ​ | Unrealized | ​ | Fair
(In thousands) |  | Losses |  | Value |  | Losses |  | Value |  | Losses |  | Value
September 30, 2020 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Debt securities: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Mortgage-backed securities: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
US Government-sponsored enterprises | ​ | $ | 193 | ​ | $ | 35,087 | ​ | $ | 248 | ​ | $ | 4,027 | ​ | $ | 441 | ​ | $ | 39,114
US Government agency | ​ |  | 68 | ​ |  | 8,671 | ​ |  | 77 | ​ |  | 3,458 | ​ |  | 145 | ​ |  | 12,129
Private label | ​ |  | 1 | ​ |  | 108 | ​ |  | 578 | ​ |  | 19,398 | ​ |  | 579 | ​ |  | 19,506
Obligations of states and political subdivisions thereof | ​ |  | — | ​ |  | 247 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 247
Corporate bonds | ​ |  | 1,687 | ​ |  | 41,260 | ​ |  | — | ​ |  | — | ​ |  | 1,687 | ​ |  | 41,260
Total securities available for sale | ​ | $ | 1,949 | ​ | $ | 85,373 | ​ | $ | 903 | ​ | $ | 26,883 | ​ | $ | 2,852 | ​ | $ | 112,256
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Less Than Twelve Months | ​ | Over Twelve Months | ​ | Total
​ |  | Gross |  | ​ | ​ |  | Gross |  | ​ | ​ |  | Gross |  | ​ | ​
​ | ​ | Unrealized | ​ | Fair | ​ | Unrealized | ​ | Fair | ​ | Unrealized | ​ | Fair
(In thousands) | ​ | Losses | ​ | Value | ​ | Losses | ​ | Value | ​ | Losses | ​ | Value
December 31, 2019 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Debt securities: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Mortgage-backed securities: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
US Government-sponsored enterprises | ​ | $ | 1,074 | ​ | $ | 43,429 | ​ | $ | 1,006 | ​ | $ | 49,712 | ​ | $ | 2,080 | ​ | $ | 93,141
US Government agency | ​ |  | 432 | ​ |  | 19,717 | ​ |  | 115 | ​ |  | 9,120 | ​ |  | 547 | ​ |  | 28,837
Private label | ​ |  | 380 | ​ |  | 9,843 | ​ |  | 367 | ​ |  | 9,411 | ​ |  | 747 | ​ |  | 19,254
Obligations of states and political subdivisions thereof | ​ |  | 137 | ​ |  | 29,355 | ​ |  | 131 | ​ |  | 1,682 | ​ |  | 268 | ​ |  | 31,037
Corporate bonds | ​ |  | 142 | ​ |  | 9,888 | ​ |  | 79 | ​ |  | 12,276 | ​ |  | 221 | ​ |  | 22,164
Total securities available for sale | ​ | $ | 2,165 | ​ | $ | 112,232 | ​ | $ | 1,698 | ​ | $ | 82,201 | ​ | $ | 3,863 | ​ | $ | 194,433
Schedule of Other Than Temporary Impairment Losses | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | September 30, | ​ | September 30,
​ |  | 2020 |  | 2019 |  | 2020 |  | 2019
Estimated credit losses as of prior year-end | ​ | $ | 1,697 | ​ | $ | 1,697 | ​ | $ | 1,697 | ​ | $ | 1,697
Reductions for securities paid off during the period | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Estimated credit losses at end of the period | ​ | $ | 1,697 | ​ | $ | 1,697 | ​ | $ | 1,697 | ​ | $ | 1,697

X
- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of realized and unrealized gain (loss) on investment in security. + References No definition available. + Details
Name: | us-gaap_GainLossOnInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=121645371&loc=d3e27340-111563 + Details
Name: | us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121645371&loc=d3e27290-111563 + Details
Name: | us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration