Note 4 - Securities (Tables)
|
6 Months Ended |
Jun. 30, 2020 |
|---|
| Notes Tables |
|
| Unrealized Gain (Loss) on Investments [Table Text Block] |
| |
|
|
|
|
|
Gross |
|
|
Gross |
|
|
|
|
|
| |
|
Amortized |
|
|
Unrealized |
|
|
Unrealized |
|
|
Market |
|
| |
|
Cost |
|
|
Gain |
|
|
Loss |
|
|
Value |
|
| June 30, 2020 |
|
(In Thousands) |
|
| Securities Available for Sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury securities |
|
$ |
39,978 |
|
|
$ |
604 |
|
|
$ |
- |
|
|
$ |
40,582 |
|
| Government agencies |
|
|
15,225 |
|
|
|
350 |
|
|
|
- |
|
|
|
15,575 |
|
| Mortgage-backed securities |
|
|
497,442 |
|
|
|
19,594 |
|
|
|
- |
|
|
|
517,036 |
|
| State and municipal securities |
|
|
45,060 |
|
|
|
517 |
|
|
|
- |
|
|
|
45,577 |
|
| Corporate debt |
|
|
234,924 |
|
|
|
3,469 |
|
|
|
(1,035 |
) |
|
|
237,358 |
|
| Total |
|
$ |
832,629 |
|
|
$ |
24,534 |
|
|
$ |
(1,035 |
) |
|
$ |
856,128 |
|
| Securities Held to Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| State and municipal securities |
|
|
250 |
|
|
|
- |
|
|
|
- |
|
|
|
250 |
|
| Total |
|
$ |
250 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
250 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Securities Available for Sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury securities |
|
$ |
48,923 |
|
|
$ |
291 |
|
|
$ |
(4 |
) |
|
$ |
49,210 |
|
| Government agencies |
|
|
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 |
|
| Securities Held to Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| State and municipal securities |
|
|
250 |
|
|
|
- |
|
|
|
- |
|
|
|
250 |
|
| Total |
|
$ |
250 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
250 |
|
|
| Fair Value, Assets Measured on Recurring Basis [Table Text Block] |
| |
|
June 30, 2020 |
|
|
December 31, 2019 |
|
| |
|
Amortized Cost |
|
|
Fair Value |
|
|
Amortized Cost |
|
|
Fair Value |
|
| |
|
(In thousands) |
|
| Debt securities available for sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Due within one year |
|
$ |
50,291 |
|
|
$ |
50,553 |
|
|
$ |
58,722 |
|
|
$ |
58,975 |
|
| Due from one to five years |
|
|
79,483 |
|
|
|
81,473 |
|
|
|
90,034 |
|
|
|
91,005 |
|
| Due from five to ten years |
|
|
187,295 |
|
|
|
188,814 |
|
|
|
129,501 |
|
|
|
131,914 |
|
| Due after ten years |
|
|
18,118 |
|
|
|
18,252 |
|
|
|
3,411 |
|
|
|
3,451 |
|
| Mortgage-backed securities |
|
|
497,442 |
|
|
|
517,036 |
|
|
|
470,513 |
|
|
|
474,054 |
|
| |
|
$ |
832,629 |
|
|
$ |
856,128 |
|
|
$ |
752,181 |
|
|
$ |
759,399 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt securities held to maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Due from one to five years |
|
$ |
250 |
|
|
$ |
250 |
|
|
$ |
250 |
|
|
$ |
250 |
|
| |
|
$ |
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) |
|
| June 30, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury and government sponsored agencies |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Mortgage-backed securities |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| State and municipal securities (1) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
307 |
|
|
|
- |
|
|
|
307 |
|
| Corporate debt |
|
|
(1,035 |
) |
|
|
68,711 |
|
|
|
- |
|
|
|
- |
|
|
|
(1,035 |
) |
|
|
68,711 |
|
| Total |
|
$ |
(1,035 |
) |
|
$ |
68,711 |
|
|
$ |
- |
|
|
$ |
307 |
|
|
$ |
(1,035 |
) |
|
$ |
69,018 |
|
| (1) The municipal security with an unrealized loss for twelve months or more has an unrealized loss of $129.60. |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury and government sponsored agencies |
|
$ |
(6 |
) |
|
$ |
3,278 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(6 |
) |
|
$ |
3,278 |
|
| 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 |
|
|