Annual report pursuant to Section 13 and 15(d)

Note 3 - Debt Securities (Tables)

v3.8.0.1
Note 3 - Debt Securities (Tables)
 12 Months Ended
Dec. 31, 2017
Notes Tables  
Unrealized Gain (Loss) on Investments [Table Text Block]
        Gross   Gross    
   
Amortized
  
Unrealized
  
Unrealized
  
Market
   
Cost
  
Gain
  
Loss
  
Value
December 31, 2017  
(In Thousands)
Securities Available for Sale                                
U.S. Treasury and government sponsored agencies   $
55,567
 
   $
38
 
   $
(249
)
   $
55,356
 
Mortgage-backed securities    
278,177
 
    
1,006
 
    
(2,685
)
    
276,498
 
State and municipal securities    
134,641
 
    
761
 
    
(553
)
    
134,849
 
Corporate debt    
69,996
 
    
1,416
 
    
(35
)
    
71,377
 
Total   $
538,381
 
   $
3,221
 
   $
(3,522
)
   $
538,080
 
Securities Held to Maturity                                
State and municipal securities    
250
 
    
-
 
    
-
 
    
250
 
Total   $
250
 
   $
-
 
   $
-
 
   $
250
 
                                 
December 31, 2016                                
Securities Available for Sale                                
U.S. Treasury and government sponsored agencies   $
45,998
 
   $
382
 
   $
(126
)
   $
46,254
 
Mortgage-backed securities    
228,843
 
    
1,515
 
    
(3,168
)
    
227,190
 
State and municipal securities    
139,504
 
    
1,120
 
    
(694
)
    
139,930
 
Corporate debt    
8,985
 
    
16
 
    
-
 
    
9,001
 
Total   $
423,330
 
   $
3,033
 
   $
(3,988
)
   $
422,375
 
Securities Held to Maturity                                
Mortgage-backed securities    
19,164
 
    
321
 
    
(245
)
    
19,240
 
State and municipal securities    
5,888
 
    
315
 
    
(12
)
    
6,191
 
Corporate debt    
37,512
 
    
374
 
    
(15
)
    
37,871
 
Total   $
62,564
 
   $
1,010
 
   $
(272
)
   $
63,302
 
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
    December 31, 2017   December 31, 2016
    Amortized Cost   Market Value   Amortized Cost   Market Value
    (In Thousands)
Debt securities available for sale                                
Due within one year   $
22,122
     $
22,172
     $
28,270
     $
28,400
  
Due from one to five years    
160,773
      
160,563
      
152,347
      
153,003
  
Due from five to ten years    
73,362
      
74,684
      
13,870
      
13,782
  
Due after ten years    
3,947
      
4,163
      
-
      
-
  
Mortgage-backed securities    
278,177
      
276,498
      
228,843
      
227,190
  
    $
538,381
     $
538,080
     $
423,330
     $
422,375
  
                                 
Debt securities held to maturity                                
Due from one to five years   $
250
     $
250
     $
250
     $
250
  
Due from five to ten years    
-
      
-
      
34,251
      
34,617
  
Due after ten years    
-
      
-
      
8,899
      
9,195
  
Mortgage-backed securities    
-
      
-
      
19,164
      
19,240
  
    $
250
     $
250
     $
62,564
     $
63,302
  
Gain (Loss) on Investments [Table Text Block]
    Less Than Twelve Months   Twelve Months or More   Total
    Gross       Gross       Gross    
    Unrealized       Unrealized       Unrealized    
    Losses   Fair Value   Losses   Fair Value   Losses   Fair Value
    (In Thousands)
December 31, 2017                        
U.S. Treasury and government sponsored agencies   $
(151
 )   $
33,401
     $
(98
 )   $
2,926
     $
(249
 )   $
36,327
  
Mortgage-backed securities    
(986
 )    
140,432
      
(1,699
 )    
75,903
      
(2,685
 )    
216,335
  
State and municipal securities    
(450
 )    
66,637
      
(103
 )    
6,648
      
(553
 )    
73,285
  
Corporate debt    
(35
 )    
6,955
      
-
      
-
      
(35
 )    
6,955
  
Total   $
(1,622
 )   $
247,425
     $
(1,900
 )   $
85,477
     $
(3,522
 )   $
332,902
  
                                                 
December 31, 2016                                                
U.S. Treasury and government sponsored agencies   $
(126
 )   $
10,865
     $
-
     $
-
     $
(126
 )   $
10,865
  
Mortgage-backed securities    
(3,413
 )    
174,225
      
-
      
-
      
(3,413
 )    
174,225
  
State and municipal securities    
(698
 )    
64,502
      
(8
 )    
1,021
      
(706
 )    
65,523
  
Corporate debt    
(15
 )    
3,034
      
-
      
-
      
(15
 )    
3,034
  
Total   $
(4,252
 )   $
252,626
     $
(8
 )   $
1,021
     $
(4,260
 )   $
253,647
  
Available-for-sale Securities [Table Text Block]
    Years Ended December 31,
    2017   2016   2015
    (In Thousands)
Sale proceeds   $
-
     $
6,085
     $
16,738
  
Gross realized gains   $
-
     $
4
     $
29
  
Gross realized losses    
-
      
(7
 )    
-
  
Net realized gain (loss)   $
-
     $
(3
 )   $
29