Note 4 - Securities (Tables)
|
9 Months Ended |
Sep. 30, 2022 |
|---|
| Notes Tables |
|
| Unrealized Gain (Loss) on Investments [Table Text Block] |
| |
|
|
|
|
|
Gross |
|
|
Gross |
|
|
|
|
|
| |
|
Amortized |
|
|
Unrealized |
|
|
Unrealized |
|
|
Fair |
|
| |
|
Cost |
|
|
Gain |
|
|
Loss |
|
|
Value |
|
| September 30, 2022 |
|
(In Thousands) |
|
| Debt Securities Available for Sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury Securities |
|
$ |
6,003 |
|
|
$ |
- |
|
|
$ |
(51 |
) |
|
$ |
5,952 |
|
| Government Agency Securities |
|
|
9 |
|
|
|
- |
|
|
|
- |
|
|
|
9 |
|
| Mortgage-backed securities |
|
|
294,289 |
|
|
|
3 |
|
|
|
(36,528 |
) |
|
|
257,764 |
|
| State and municipal securities |
|
|
16,677 |
|
|
|
2 |
|
|
|
(1,659 |
) |
|
|
15,020 |
|
| Corporate debt |
|
|
410,685 |
|
|
|
5 |
|
|
|
(23,671 |
) |
|
|
387,019 |
|
| Total |
|
$ |
727,663 |
|
|
$ |
10 |
|
|
$ |
(61,910 |
) |
|
$ |
665,763 |
|
| Debt Securities Held to Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury Securities |
|
$ |
506,697 |
|
|
$ |
- |
|
|
$ |
(38,184 |
) |
|
$ |
468,513 |
|
| Mortgage-backed securities |
|
|
534,107 |
|
|
|
5 |
|
|
|
(67,336 |
) |
|
|
466,776 |
|
| State and municipal securities |
|
|
8,036 |
|
|
|
- |
|
|
|
(1,043 |
) |
|
|
6,993 |
|
| Total |
|
$ |
1,048,840 |
|
|
$ |
5 |
|
|
$ |
(106,563 |
) |
|
$ |
942,282 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
|
|
$ |
15,425 |
|
|
$ |
(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 |
|
|
| Fair Value, Assets Measured on Recurring Basis [Table Text Block] |
| |
|
September 30, 2022 |
|
|
December 31, 2021 |
|
| |
|
Amortized Cost |
|
|
Fair Value |
|
|
Amortized Cost |
|
|
Fair Value |
|
| |
|
(In thousands) |
|
| Debt securities available for sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Due within one year |
|
$ |
21,679 |
|
|
$ |
21,528 |
|
|
$ |
32,913 |
|
|
$ |
33,232 |
|
| Due from one to five years |
|
|
57,337 |
|
|
|
55,676 |
|
|
|
31,760 |
|
|
|
32,307 |
|
| Due from five to ten years |
|
|
351,358 |
|
|
|
328,142 |
|
|
|
338,407 |
|
|
|
348,594 |
|
| Due after ten years |
|
|
3,000 |
|
|
|
2,653 |
|
|
|
3,094 |
|
|
|
3,276 |
|
| Mortgage-backed securities |
|
|
294,289 |
|
|
|
257,764 |
|
|
|
424,372 |
|
|
|
425,161 |
|
| |
|
$ |
727,663 |
|
|
$ |
665,763 |
|
|
$ |
830,546 |
|
|
$ |
842,570 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt securities held to maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Due within one year |
|
$ |
250 |
|
|
$ |
250 |
|
|
$ |
250 |
|
|
$ |
250 |
|
| Due from one to five years |
|
|
386,028 |
|
|
|
364,652 |
|
|
|
49,663 |
|
|
|
49,419 |
|
| Due from five to ten years |
|
|
128,455 |
|
|
|
110,604 |
|
|
|
102,403 |
|
|
|
101,996 |
|
| Mortgage-backed securities |
|
|
534,107 |
|
|
|
466,776 |
|
|
|
310,641 |
|
|
|
314,621 |
|
| |
|
$ |
1,048,840 |
|
|
$ |
942,282 |
|
|
$ |
462,957 |
|
|
$ |
466,286 |
|
|
| 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 |
|
| September 30, 2022 |
|
(In Thousands) |
|
| Debt Securities available for sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury Securities |
|
$ |
(51 |
) |
|
$ |
5,952 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(51 |
) |
|
$ |
5,952 |
|
| Government Agency Securities |
|
|
- |
|
|
|
9 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
9 |
|
| Mortgage-backed securities |
|
|
(14,589 |
) |
|
|
131,223 |
|
|
|
(21,938 |
) |
|
|
126,344 |
|
|
|
(36,528 |
) |
|
|
257,568 |
|
| State and municipal securities |
|
|
(790 |
) |
|
|
9,952 |
|
|
|
(870 |
) |
|
|
4,622 |
|
|
|
(1,659 |
) |
|
|
14,574 |
|
| Corporate debt |
|
|
(19,242 |
) |
|
|
336,583 |
|
|
|
(4,429 |
) |
|
|
31,571 |
|
|
|
(23,670 |
) |
|
|
368,154 |
|
| Total |
|
$ |
(34,672 |
) |
|
$ |
483,719 |
|
|
$ |
(27,237 |
) |
|
$ |
162,537 |
|
|
$ |
(61,909 |
) |
|
$ |
646,256 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Securities held to maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury Securities |
|
$ |
(31,859 |
) |
|
$ |
425,216 |
|
|
$ |
(6,325 |
) |
|
$ |
43,296 |
|
|
$ |
(38,184 |
) |
|
$ |
468,512 |
|
| Mortgage-backed securities |
|
|
(56,458 |
) |
|
|
418,140 |
|
|
|
(10,878 |
) |
|
|
44,132 |
|
|
|
(67,336 |
) |
|
|
462,272 |
|
| State and municipal securities |
|
|
(1,043 |
) |
|
|
6,743 |
|
|
|
- |
|
|
|
- |
|
|
|
(1,043 |
) |
|
|
6,743 |
|
| Total |
|
$ |
(89,360 |
) |
|
$ |
850,099 |
|
|
$ |
(17,203 |
) |
|
$ |
87,428 |
|
|
$ |
(106,563 |
) |
|
$ |
937,527 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Securities available for sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgage-backed securities |
|
$ |
(2,685 |
) |
|
$ |
303,297 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(2,685 |
) |
|
$ |
303,297 |
|
| State and municipal securities |
|
|
(61 |
) |
|
|
5,198 |
|
|
|
(9 |
) |
|
|
228 |
|
|
|
(70 |
) |
|
|
5,426 |
|
| Corporate debt |
|
|
(647 |
) |
|
|
61,677 |
|
|
|
- |
|
|
|
- |
|
|
|
(647 |
) |
|
|
61,677 |
|
| Total |
|
$ |
(3,393 |
) |
|
$ |
370,172 |
|
|
$ |
(9 |
) |
|
$ |
228 |
|
|
$ |
(3,402 |
) |
|
$ |
370,400 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Securities held to maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury Securities |
|
$ |
(668 |
) |
|
$ |
123,698 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(668 |
) |
|
$ |
123,698 |
|
| Mortgage-backed securities |
|
|
(1,271 |
) |
|
|
134,192 |
|
|
|
- |
|
|
|
- |
|
|
|
(1,271 |
) |
|
|
134,192 |
|
| State and municipal securities |
|
|
(10 |
) |
|
|
482 |
|
|
|
- |
|
|
|
- |
|
|
|
(10 |
) |
|
|
482 |
|
| Total |
|
$ |
(1,950 |
) |
|
$ |
258,372 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(1,949 |
) |
|
$ |
258,372 |
|
|
| Debt Securities, Available-for-Sale [Table Text Block] |
| |
|
Three Months Ended September 30, |
|
|
Nine Months Ended September 30, |
|
| |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
| |
|
(In Thousands) |
|
| Sale and call proceeds |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
75,036 |
|
|
$ |
6,272 |
|
| Gross realized gains |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
620 |
|
| Gross realized losses |
|
|
- |
|
|
|
- |
|
|
|
(6,168 |
) |
|
|
- |
|
| Net realized (loss) gain |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(6,168 |
) |
|
$ |
620 |
|
|