Note 2 - Debt Securities (Tables)
|
12 Months Ended |
Dec. 31, 2019 |
|---|
| Notes Tables |
|
| Unrealized Gain (Loss) on Investments [Table Text Block] |
| |
|
|
|
|
|
Gross |
|
|
Gross |
|
|
|
|
|
| |
|
Amortized |
|
|
Unrealized |
|
|
Unrealized |
|
|
Market |
|
| |
|
Cost |
|
|
Gain |
|
|
Loss |
|
|
Value |
|
| December 31, 2019 |
|
(In Thousands) |
|
| Securities Available for Sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury Securities |
|
$ |
48,923 |
|
|
$ |
291 |
|
|
$ |
(4 |
) |
|
$ |
49,210 |
|
| Government Agency Securities |
|
|
18,245 |
|
|
|
143 |
|
|
|
(2 |
) |
|
|
18,386 |
|
| Mortgage-backed securities |
|
|
470,513 |
|
|
|
4,859 |
|
|
|
(1,318 |
) |
|
|
474,054 |
|
| State and municipal securities |
|
|
56,951 |
|
|
|
335 |
|
|
|
(14 |
) |
|
|
57,272 |
|
| Corporate debt |
|
|
157,549 |
|
|
|
3,098 |
|
|
|
(170 |
) |
|
|
160,477 |
|
| Total |
|
$ |
752,181 |
|
|
$ |
8,726 |
|
|
$ |
(1,508 |
) |
|
$ |
759,399 |
|
| Debt Securities Held to Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| State and municipal securities |
|
|
250 |
|
|
|
- |
|
|
|
- |
|
|
|
250 |
|
| Total |
|
$ |
250 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
250 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Securities Available for Sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S Treasury Securities |
|
$ |
58,750 |
|
|
$ |
75 |
|
|
$ |
(397 |
) |
|
$ |
58,428 |
|
| Government Agency Securities |
|
|
18,784 |
|
|
|
3 |
|
|
|
(222 |
) |
|
|
18,565 |
|
| 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 |
|
| Securities Held to Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| State and municipal securities |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Total |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
| Fair Value, Assets Measured on Recurring Basis [Table Text Block] |
| |
|
December 31, 2019 |
|
|
December 31, 2018 |
|
| |
|
Amortized Cost |
|
|
Market Value |
|
|
Amortized Cost |
|
|
Market Value |
|
| |
|
(In Thousands) |
|
| Debt securities available for sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Due within one year |
|
$ |
58,722 |
|
|
$ |
58,975 |
|
|
$ |
38,343 |
|
|
$ |
38,225 |
|
| Due from one to five years |
|
|
90,034 |
|
|
|
91,005 |
|
|
|
167,873 |
|
|
|
166,380 |
|
| Due from five to ten years |
|
|
129,501 |
|
|
|
131,914 |
|
|
|
77,811 |
|
|
|
78,276 |
|
| Due after ten years |
|
|
3,411 |
|
|
|
3,451 |
|
|
|
2,954 |
|
|
|
2,999 |
|
| Mortgage-backed securities |
|
|
470,513 |
|
|
|
474,054 |
|
|
|
309,244 |
|
|
|
304,304 |
|
| |
|
$ |
752,181 |
|
|
$ |
759,399 |
|
|
$ |
596,225 |
|
|
$ |
590,184 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
|
|
|
|
|
|
Gross |
|
|
|
|
|
|
Gross |
|
|
|
|
|
| |
|
Unrealized |
|
|
|
|
|
|
Unrealized |
|
|
|
|
|
|
Unrealized |
|
|
|
|
|
| |
|
Losses |
|
|
Fair Value |
|
|
Losses |
|
|
Fair Value |
|
|
Losses |
|
|
Fair Value |
|
| |
|
(In Thousands) |
|
| December 31, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury Securities |
|
$ |
(4 |
) |
|
$ |
3,012 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(4 |
) |
|
$ |
3,012 |
|
| Government Agency Securities |
|
|
(2 |
) |
|
|
266 |
|
|
|
- |
|
|
|
- |
|
|
|
(2 |
) |
|
|
266 |
|
| Mortgage-backed securities |
|
|
(1,206 |
) |
|
|
153,330 |
|
|
|
(112 |
) |
|
|
24,911 |
|
|
|
(1,318 |
) |
|
|
178,241 |
|
| State and municipal securities |
|
|
(4 |
) |
|
|
1,900 |
|
|
|
(10 |
) |
|
|
2,647 |
|
|
|
(14 |
) |
|
|
4,547 |
|
| Corporate debt |
|
|
(170 |
) |
|
|
19,981 |
|
|
|
- |
|
|
|
- |
|
|
|
(170 |
) |
|
|
19,981 |
|
| Total |
|
$ |
(1,386 |
) |
|
$ |
178,489 |
|
|
$ |
(122 |
) |
|
$ |
27,558 |
|
|
$ |
(1,508 |
) |
|
$ |
206,047 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury Securities |
|
$ |
(8 |
) |
|
$ |
1,001 |
|
|
$ |
(388 |
) |
|
$ |
32,449 |
|
|
$ |
(397 |
) |
|
$ |
34,206 |
|
| Government Agency Securities |
|
|
- |
|
|
|
- |
|
|
|
(223 |
) |
|
|
18,429 |
|
|
|
(222 |
) |
|
|
17,673 |
|
| 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 |
) |
|
|
49,718 |
|
| Total |
|
$ |
(963 |
) |
|
$ |
125,788 |
|
|
$ |
(6,623 |
) |
|
$ |
320,802 |
|
|
$ |
(7,586 |
) |
|
$ |
446,590 |
|
|
| Schedule of Realized Gain (Loss) [Table Text Block] |
| |
|
Years Ended December 31, |
|
| |
|
2019 |
|
|
2018 |
|
|
2017 |
|
| |
|
(In Thousands) |
|
| Sale proceeds |
|
$ |
38,453 |
|
|
$ |
5,736 |
|
|
$ |
3,500 |
|
| Gross realized gains |
|
$ |
27 |
|
|
$ |
15 |
|
|
$ |
- |
|
| Gross realized losses |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Net realized gain (loss) |
|
$ |
27 |
|
|
$ |
15 |
|
|
$ |
- |
|
|