Annual report pursuant to Section 13 and 15(d)

Note 2 - Debt Securities (Tables)

v3.10.0.1
Note 2 - Debt Securities (Tables)
12 Months Ended
Dec. 31, 2018
Notes Tables  
Unrealized Gain (Loss) on Investments [Table Text Block]
     
Amortized

Cost
  Gross
Unrealized
Gain
  Gross
Unrealized
Loss
   
Market

Value
December 31, 2018  
(In Thousands)
Securities Available for Sale                
U.S. Treasury and government sponsored agencies   $
77,534
    $
78
    $
(619
)   $
76,993
 
Mortgage-backed securities    
309,244
     
591
     
(5,531
)    
304,304
 
State and municipal securities    
106,465
     
208
     
(679
)    
105,994
 
Corporate debt    
102,982
     
668
     
(757
)    
102,893
 
Total   $
596,225
    $
1,545
    $
(7,586
)   $
590,184
 
                                 
December 31, 2017                                
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
 
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
    December 31, 2018   December 31, 2017
      Amortized Cost       Market Value       Amortized Cost       Market Value  
    (In Thousands)
Debt securities available for sale                                
Due within one year   $
38,343
    $
38,225
    $
22,122
    $
22,172
 
Due from one to five years    
167,873
     
166,380
     
160,773
     
160,563
 
Due from five to ten years    
77,811
     
78,276
     
73,362
     
74,684
 
Due after ten years    
2,954
     
2,999
     
3,947
     
4,163
 
Mortgage-backed securities    
309,244
     
304,304
     
278,177
     
276,498
 
    $
596,225
    $
590,184
    $
538,381
    $
538,080
 
                                 
Debt securities held to maturity                                
Due from one to five years   $
-
    $
-
    $
250
    $
250
 
    $
-
    $
-
    $
250
    $
250
 
Gain (Loss) on Securities [Table Text Block]
    Less Than Twelve Months   Twelve Months or More   Total
      Gross
Unrealized
Losses
   
Fair Value
      Gross
Unrealized
Losses
   
Fair Value
      Gross
Unrealized
Losses
   
Fair Value
 
    (In Thousands)
December 31, 2018                        
U.S. Treasury and government sponsored agencies   $
(8
)   $
1,001
    $
(611
)   $
50,878
    $
(619
)   $
51,879
 
Mortgage-backed securities    
(539
)    
67,721
     
(4,992
)    
204,260
     
(5,531
)    
271,981
 
State and municipal securities    
(101
)    
20,821
     
(578
)    
52,190
     
(679
)    
73,011
 
Corporate debt    
(315
)    
36,245
     
(442
)    
13,474
     
(757
)    
49,719
 
Total   $
(963
)   $
125,788
    $
(6,623
)   $
320,802
    $
(7,586
)   $
446,590
 
                                                 
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
 
Available-for-sale Securities [Table Text Block]
    Years Ended December 31,
    2018   2017   2016
    (In Thousands)
Sale proceeds   $
5,736
    $
3,500
    $
6,085
 
Gross realized gains   $
15
    $
-
    $
4
 
Gross realized losses    
-
     
-
     
(7
)
Net realized gain (loss)   $
15
    $
-
    $
(3
)