Note 11 - Fair Value Measurement (Tables)
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9 Months Ended |
Sep. 30, 2020 |
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| Notes Tables |
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| Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
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Fair Value Measurements at September 30, 2020 Using |
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Quoted Prices in |
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Active Markets |
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Significant Other |
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Significant |
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for Identical |
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Observable Inputs |
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Unobservable |
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Assets (Level 1) |
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(Level 2) |
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Inputs (Level 3) |
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Total |
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| Assets Measured on a Recurring Basis: |
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(In Thousands) |
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| Available-for-sale debt securities: |
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| U.S. Treasury securities |
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$ |
- |
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$ |
19,426 |
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$ |
- |
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|
$ |
19,426 |
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| Government agency securities |
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- |
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15,521 |
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- |
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15,521 |
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| Mortgage-backed securities |
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- |
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518,062 |
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- |
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518,062 |
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| State and municipal securities |
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- |
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37,408 |
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- |
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37,408 |
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| Corporate debt |
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- |
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316,051 |
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6,581 |
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322,632 |
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| Total available-for-sale debt securities |
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- |
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906,468 |
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6,581 |
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913,049 |
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| Interest rate cap derivative |
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- |
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200 |
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- |
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|
200 |
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| Total assets at fair value |
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$ |
- |
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|
$ |
906,668 |
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|
$ |
6,581 |
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|
$ |
913,249 |
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Fair Value Measurements at December 31, 2019 Using |
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Quoted Prices in |
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Active Markets |
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Significant Other |
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Significant |
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for Identical |
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Observable Inputs |
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Unobservable |
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Assets (Level 1) |
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(Level 2) |
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Inputs (Level 3) |
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Total |
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| Assets Measured on a Recurring Basis: |
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(In Thousands) |
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| Available-for-sale debt securities: |
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| U.S. Treasury securities |
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$ |
- |
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$ |
49,210 |
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|
$ |
- |
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|
$ |
49,210 |
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| Government agency securities |
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- |
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18,386 |
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- |
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18,386 |
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| Mortgage-backed securities |
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- |
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474,054 |
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- |
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474,054 |
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| State and municipal securities |
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- |
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57,272 |
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- |
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57,272 |
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| Corporate debt |
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- |
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153,881 |
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6,596 |
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160,477 |
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| Total assets at fair value |
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$ |
- |
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|
$ |
752,803 |
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|
$ |
6,596 |
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|
$ |
759,399 |
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| Fair Value Measurements, Nonrecurring [Table Text Block] |
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Fair Value Measurements at September 30, 2020 |
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Quoted Prices in Active Markets for Identical Assets (Level 1) |
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Significant Other Observable Inputs (Level 2) |
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Significant Unobservable Inputs (Level 3) |
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Total |
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| Assets Measured on a Nonrecurring Basis: |
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(In Thousands) |
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| Impaired loans |
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$ |
- |
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|
$ |
- |
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|
$ |
84,163 |
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$ |
84,163 |
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| Other real estate owned and repossessed assets |
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- |
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- |
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6,976 |
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6,976 |
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| Total assets at fair value |
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$ |
- |
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|
$ |
- |
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$ |
91,139 |
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|
$ |
91,139 |
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Fair Value Measurements at December 31, 2019 |
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|
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Quoted Prices in Active Markets for Identical Assets (Level 1) |
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|
Significant Other Observable Inputs (Level 2) |
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Significant Unobservable Inputs (Level 3) |
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Total |
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| Assets Measured on a Nonrecurring Basis: |
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(In Thousands) |
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| Impaired loans |
|
$ |
- |
|
|
$ |
- |
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|
$ |
33,344 |
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|
$ |
33,344 |
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| Other real estate owned and repossessed assets |
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- |
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|
- |
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8,178 |
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8,178 |
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| Total assets at fair value |
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$ |
- |
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|
$ |
- |
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|
$ |
41,522 |
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$ |
41,522 |
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| Fair Value, by Balance Sheet Grouping [Table Text Block] |
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September 30, 2020 |
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December 31, 2019 |
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Carrying |
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Carrying |
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Amount |
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Fair Value |
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Amount |
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Fair Value |
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(In Thousands) |
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| Financial Assets: |
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| Level 1 inputs: |
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| Cash and due from banks |
|
$ |
1,622,069 |
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$ |
1,622,069 |
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$ |
530,127 |
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$ |
530,127 |
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| Level 2 inputs: |
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| Federal funds sold |
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1,302 |
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1,302 |
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100,473 |
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100,473 |
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| Mortgage loans held for sale |
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21,472 |
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22,244 |
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6,302 |
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6,312 |
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| Level 3 inputs: |
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| Held to maturity debt securities |
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|
250 |
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250 |
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|
250 |
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|
250 |
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| Loans, net |
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8,331,951 |
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8,232,972 |
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7,151,523 |
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7,099,198 |
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| Financial liabilities: |
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| Level 2 inputs: |
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| Deposits |
|
$ |
9,673,783 |
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|
$ |
9,687,830 |
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|
$ |
7,530,433 |
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$ |
7,534,984 |
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| Federal funds purchased |
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|
669,350 |
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|
669,350 |
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|
470,749 |
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|
470,749 |
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| Other borrowings |
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|
64,719 |
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|
63,840 |
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64,703 |
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65,048
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