Note 2 - Debt Securities (Tables)
|
12 Months Ended |
Dec. 31, 2021 |
|---|
| Notes Tables |
|
| Unrealized Gain (Loss) on Investments [Table Text Block] |
| |
|
|
|
|
|
Gross |
|
|
Gross |
|
|
|
|
|
| |
|
Amortized |
|
|
Unrealized |
|
|
Unrealized |
|
|
Market |
|
| |
|
Cost |
|
|
Gain |
|
|
Loss |
|
|
Value |
|
| December 31, 2021 |
|
(In Thousands) |
|
| Debt Securities Available for Sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury Securities |
|
$ |
9,003 |
|
|
$ |
101 |
|
|
$ |
- |
|
|
$ |
9,104 |
|
| Government Agency Securities |
|
|
6,022 |
|
|
|
19 |
|
|
|
- |
|
|
|
6,041 |
|
| Mortgage-backed securities |
|
|
424,372 |
|
|
|
3,474 |
|
|
|
(2,685 |
) |
|
|
425,161 |
|
| State and municipal securities |
|
|
21,531 |
|
|
|
173 |
|
|
|
(70 |
) |
|
|
21,634 |
|
| Corporate debt |
|
|
369,618 |
|
|
|
11,659 |
|
|
|
(647 |
) |
|
|
380,630 |
|
| Total |
|
$ |
830,546 |
|
|
$ |
15,426 |
|
|
$ |
(3,402 |
) |
|
$ |
842,570 |
|
| Debt Securities Held to Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury Securities |
|
$ |
149,263 |
|
|
$ |
25 |
|
|
$ |
(668 |
) |
|
$ |
148,620 |
|
| Mortgage-backed securities |
|
|
310,641 |
|
|
|
5,251 |
|
|
|
(1,271 |
) |
|
|
314,621 |
|
| State and municipal securities |
|
|
3,053 |
|
|
|
2 |
|
|
|
(10 |
) |
|
|
3,045 |
|
| Total |
|
$ |
462,957 |
|
|
$ |
5,278 |
|
|
$ |
(1,949 |
) |
|
$ |
466,286 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Securities Available for Sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S Treasury Securities |
|
$ |
13,993 |
|
|
$ |
364 |
|
|
$ |
- |
|
|
$ |
14,357 |
|
| Government Agency Securities |
|
|
15,228 |
|
|
|
230 |
|
|
|
- |
|
|
|
15,458 |
|
| Mortgage-backed securities |
|
|
477,407 |
|
|
|
17,720 |
|
|
|
(18 |
) |
|
|
495,109 |
|
| State and municipal securities |
|
|
37,671 |
|
|
|
444 |
|
|
|
- |
|
|
|
38,115 |
|
| Corporate debt |
|
|
316,857 |
|
|
|
7,296 |
|
|
|
(504 |
) |
|
|
323,649 |
|
| Total |
|
$ |
861,156 |
|
|
$ |
26,054 |
|
|
$ |
(522 |
) |
|
$ |
886,688 |
|
| Debt 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, 2021 |
|
|
December 31, 2020 |
|
| |
|
Amortized Cost |
|
|
Market Value |
|
|
Amortized Cost |
|
|
Market Value |
|
| |
|
(In Thousands) |
|
| Debt securities available for sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Due within one year |
|
$ |
32,913 |
|
|
$ |
33,232 |
|
|
$ |
30,797 |
|
|
$ |
31,060 |
|
| Due from one to five years |
|
|
31,760 |
|
|
|
32,307 |
|
|
|
59,828 |
|
|
|
61,481 |
|
| Due from five to ten years |
|
|
338,407 |
|
|
|
348,594 |
|
|
|
288,002 |
|
|
|
293,886 |
|
| Due after ten years |
|
|
3,094 |
|
|
|
3,276 |
|
|
|
5,122 |
|
|
|
5,152 |
|
| Mortgage-backed securities |
|
|
424,372 |
|
|
|
425,161 |
|
|
|
477,407 |
|
|
|
495,109 |
|
| |
|
$ |
830,546 |
|
|
$ |
842,570 |
|
|
$ |
861,156 |
|
|
$ |
886,688 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt securities held to maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Due within one year |
|
$ |
250 |
|
|
$ |
250 |
|
|
$ |
250 |
|
|
$ |
250 |
|
| Due from one to five years |
|
|
49,663 |
|
|
|
49,419 |
|
|
|
- |
|
|
|
- |
|
| Due from five to ten years |
|
|
102,403 |
|
|
|
101,996 |
|
|
|
- |
|
|
|
- |
|
| Mortgage-backed securities |
|
|
310,641 |
|
|
|
314,621 |
|
|
|
- |
|
|
|
- |
|
| |
|
$ |
462,957 |
|
|
$ |
466,286 |
|
|
$ |
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, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury Securities |
|
$ |
(668 |
) |
|
$ |
123,698 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(668 |
) |
|
$ |
123,698 |
|
| Government Agency Securities |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Mortgage-backed securities |
|
|
(3,956 |
) |
|
|
437,489 |
|
|
|
- |
|
|
|
- |
|
|
|
(3,956 |
) |
|
|
437,489 |
|
| State and municipal securities |
|
|
(71 |
) |
|
|
5,680 |
|
|
|
(9 |
) |
|
|
228 |
|
|
|
(80 |
) |
|
|
5,908 |
|
| Corporate debt |
|
|
(647 |
) |
|
|
61,677 |
|
|
|
- |
|
|
|
- |
|
|
|
(647 |
) |
|
|
61,677 |
|
| Total |
|
$ |
(5,342 |
) |
|
$ |
628,544 |
|
|
$ |
(9 |
) |
|
$ |
228 |
|
|
$ |
(5,351 |
) |
|
$ |
628,772 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury Securities |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Government Agency Securities |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Mortgage-backed securities |
|
|
(18 |
) |
|
|
3,667 |
|
|
|
- |
|
|
|
- |
|
|
|
(18 |
) |
|
|
3,667 |
|
| State and municipal securities |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Corporate debt |
|
|
(504 |
) |
|
|
59,576 |
|
|
|
- |
|
|
|
- |
|
|
|
(504 |
) |
|
|
59,576 |
|
| Total |
|
$ |
(522 |
) |
|
$ |
63,243 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(522 |
) |
|
$ |
63,243 |
|
|
| Debt Securities, Available-for-sale [Table Text Block] |
| |
|
Years Ended December 31, |
|
| |
|
2021 |
|
|
2020 |
|
|
2019 |
|
| |
|
(In Thousands) |
|
| Sale and call proceeds |
|
$ |
56,780 |
|
|
$ |
27,857 |
|
|
$ |
35,220 |
|
| Gross realized gains |
|
$ |
620 |
|
|
$ |
- |
|
|
$ |
42 |
|
| Gross realized losses |
|
|
- |
|
|
|
- |
|
|
|
15 |
|
| Net realized gain |
|
$ |
620 |
|
|
$ |
- |
|
|
$ |
27 |
|
|