Note 21 - Fair Value Measurement (Tables)
|
12 Months Ended |
Dec. 31, 2020 |
Notes Tables |
|
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
|
|
Fair Value Measurements at December 31, 2020 Using |
|
|
|
Quoted Prices in |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Active Markets |
|
|
Significant Other |
|
|
Significant |
|
|
|
|
|
|
|
for Identical |
|
|
Observable Inputs |
|
|
Unobservable |
|
|
|
|
|
|
|
Assets (Level 1) |
|
|
(Level 2) |
|
|
Inputs (Level 3) |
|
|
Total |
|
Assets Measured on a Recurring Basis: |
|
(In Thousands) |
|
Available-for-sale securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury securities |
|
$ |
- |
|
|
$ |
14,357 |
|
|
$ |
- |
|
|
$ |
14,357 |
|
Government agency securities |
|
|
- |
|
|
|
15,458 |
|
|
|
- |
|
|
|
15,458 |
|
Mortgage-backed securities |
|
|
- |
|
|
|
495,109 |
|
|
|
- |
|
|
|
495,109 |
|
State and municipal securities |
|
|
- |
|
|
|
38,115 |
|
|
|
- |
|
|
|
38,115 |
|
Corporate debt |
|
|
- |
|
|
|
323,650 |
|
|
|
- |
|
|
|
323,650 |
|
Total available-for-sale debt securities |
|
|
- |
|
|
|
886,689 |
|
|
|
- |
|
|
|
886,689 |
|
Interest rate cap derivative |
|
|
- |
|
|
|
139 |
|
|
|
- |
|
|
|
139 |
|
Total assets at fair value |
|
$ |
- |
|
|
$ |
886,828 |
|
|
$ |
- |
|
|
$ |
886,828 |
|
|
|
Fair Value Measurements at December 31, 2019 Using |
|
|
|
Quoted Prices in |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Active Markets |
|
|
Significant Other |
|
|
Significant |
|
|
|
|
|
|
|
for Identical |
|
|
Observable Inputs |
|
|
Unobservable |
|
|
|
|
|
|
|
Assets (Level 1) |
|
|
(Level 2) |
|
|
Inputs (Level 3) |
|
|
Total |
|
Assets Measured on a Recurring Basis: |
|
(In Thousands) |
|
Available-for-sale securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury securities |
|
$ |
- |
|
|
$ |
49,210 |
|
|
$ |
- |
|
|
$ |
49,210 |
|
Government agency securities |
|
|
- |
|
|
|
18,386 |
|
|
|
- |
|
|
|
18,386 |
|
Mortgage-backed securities |
|
|
- |
|
|
|
474,054 |
|
|
|
- |
|
|
|
474,054 |
|
State and municipal securities |
|
|
- |
|
|
|
57,272 |
|
|
|
- |
|
|
|
57,272 |
|
Corporate debt |
|
|
- |
|
|
|
160,477 |
|
|
|
- |
|
|
|
160,477 |
|
Total assets at fair value |
|
$ |
- |
|
|
$ |
759,399 |
|
|
$ |
- |
|
|
$ |
759,399 |
|
|
Fair Value Measurements, Nonrecurring [Table Text Block] |
|
|
Fair Value Measurements at December 31, 2020 Using |
|
|
|
Quoted Prices in |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Active Markets |
|
|
Significant Other |
|
|
Significant |
|
|
|
|
|
|
|
for Identical |
|
|
Observable |
|
|
Unobservable |
|
|
|
|
|
|
|
Assets (Level 1) |
|
|
Inputs (Level 2) |
|
|
Inputs (Level 3) |
|
|
Total |
|
Assets Measured on a Nonrecurring Basis: |
|
(In Thousands) |
|
Loans individually evaluated |
|
$ |
- |
|
|
|
- |
|
|
$ |
80,817 |
|
|
$ |
80,817 |
|
Other real estate owned and repossessed assets |
|
|
- |
|
|
|
- |
|
|
|
6,497 |
|
|
|
6,497 |
|
Total assets at fair value |
|
|
- |
|
|
|
- |
|
|
$ |
87,314 |
|
|
$ |
87,314 |
|
|
|
Fair Value Measurements at December 31, 2019 Using |
|
|
|
Quoted Prices in |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Active Markets |
|
|
Significant Other |
|
|
Significant |
|
|
|
|
|
|
|
for Identical |
|
|
Observable |
|
|
Unobservable |
|
|
|
|
|
|
|
Assets (Level 1) |
|
|
Inputs (Level 2) |
|
|
Inputs (Level 3) |
|
|
Total |
|
Assets Measured on a Nonrecurring Basis: |
|
(In Thousands) |
|
Loans individually evaluated |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
33,344 |
|
|
$ |
33,344 |
|
Other real estate owned and repossessed assets |
|
|
- |
|
|
|
- |
|
|
|
8,178 |
|
|
|
8,178 |
|
Total assets at fair value |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
41,522 |
|
|
$ |
41,522 |
|
|
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|
|
December 31, |
|
|
|
2020 |
|
|
2019 |
|
|
|
Carrying Amount |
|
|
Fair Value |
|
|
Carrying Amount |
|
|
Fair Value |
|
|
|
(In Thousands) |
|
Financial Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 Inputs: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
2,209,640 |
|
|
$ |
2,209,640 |
|
|
$ |
530,127 |
|
|
$ |
530,127 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 2 Inputs: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal funds sold |
|
|
1,771 |
|
|
|
1,771 |
|
|
|
100,473 |
|
|
|
100,473 |
|
Mortgage loans held for sale |
|
|
14,425 |
|
|
|
14,497 |
|
|
|
6,312 |
|
|
|
6,322 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 3 Inputs: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt securities held to maturity |
|
|
250 |
|
|
|
250 |
|
|
|
250 |
|
|
|
250 |
|
Loans, net |
|
|
8,377,746 |
|
|
|
8,387,718 |
|
|
|
7,184,867 |
|
|
|
7,132,542 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 2 Inputs: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deposits |
|
$ |
9,975,724 |
|
|
$ |
9,987,665 |
|
|
$ |
7,530,433 |
|
|
$ |
7,534,984 |
|
Federal funds purchased |
|
|
851,545 |
|
|
|
851,545 |
|
|
|
470,749 |
|
|
|
470,749 |
|
Other borrowings |
|
|
64,748 |
|
|
|
65,560 |
|
|
|
64,703 |
|
|
|
65,048 |
|
|