Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Securities (Tables)

v3.22.1
Note 4 - Securities (Tables)
3 Months Ended
Mar. 31, 2022
Notes Tables  
Unrealized Gain (Loss) on Investments [Table Text Block]
   

Amortized Cost

   

Gross Unrealized Gain

   

Gross Unrealized Loss

   

Fair Value

 

March 31, 2022

 

(In Thousands)

 

Debt Securities Available for Sale

                               

U.S. Treasury Securities

  $ 6,005     $ 14     $ (9 )   $ 6,010  

Government Agency Securities

    14       -       -       14  

Mortgage-backed securities

    356,119       200       (17,185 )     339,134  

State and municipal securities

    20,350       23       (707 )     19,666  

Corporate debt

    420,826       4,075       (5,052 )     419,849  

Total

  $ 803,314     $ 4,312     $ (22,953 )   $ 784,673  

Debt Securities Held to Maturity

                               

U.S. Treasury Securities

  $ 346,414     $ 16     $ (14,370 )   $ 332,060  

Mortgage-backed securities

    478,865       383       (19,542 )     459,706  

State and municipal securities

    8,025       -       (444 )     7,581  

Total

  $ 833,304     $ 399     $ (34,356 )   $ 799,347  
                                 

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]
   

March 31, 2022

   

December 31, 2021

 
   

Amortized Cost

   

Fair Value

   

Amortized Cost

   

Fair Value

 
   

(In thousands)

 

Debt securities available for sale

                               

Due within one year

  $ 26,302     $ 26,389     $ 32,913     $ 33,232  

Due from one to five years

    64,413       64,291       31,760       32,307  

Due from five to ten years

    346,386       344,765       338,407       348,594  

Due after ten years

    10,094       10,094       3,094       3,276  

Mortgage-backed securities

    356,119       339,134       424,372       425,161  
    $ 803,314     $ 784,673     $ 830,546     $ 842,570  
                                 

Debt securities held to maturity

                               

Due within one year

  $ 250     $ 250     $ 250     $ 250  

Due from one to five years

    225,279       217,987       49,663       49,419  

Due from five to ten years

    128,910       121,403       102,403       101,996  

Mortgage-backed securities

    478,865       459,706       310,641       314,621  

Total

  $ 833,304     $ 799,347     $ 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

 
   

(In Thousands)

 

March 31, 2022

                                               

Debt Securities available for sale

                                               

U.S. Treasury Securities

  $ (9 )   $ 2,997     $ -     $ -     $ (9 )   $ 2,997  

Mortgage-backed securities

    (13,930 )     273,725       (3,254 )     45,759       (17,185 )     319,485  

State and municipal securities

    (664 )     11,203       (43 )     427       (707 )     11,630  

Corporate debt

    (5,052 )     191,204       -       -       (5,052 )     191,204  

Total

  $ (19,655 )   $ 479,129     $ (3,297 )   $ 46,186     $ (22,953 )   $ 525,315  
                                                 

Debt Securities held to maturity

                                               

U.S. Treasury Securities

  $ (14,370 )   $ 284,429     $ -     $ -     $ (14,370 )   $ 284,429  

Mortgage-backed securities

    (18,096 )     407,781       (1,446 )     14,767       (19,542 )     422,549  

State and municipal securities

    (444 )     7,331       -       -       (444 )     7,331  

Total

  $ (32,910 )   $ 699,541     $ (1,446 )   $ 14,767     $ (34,356 )   $ 714,308  
                                                 

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

  $ (1,949 )   $ 258,372     $ -     $ -     $ (1,949 )   $ 258,372  
Debt Securities, Available-for-Sale [Table Text Block]
   

Three Months Ended March 31,

 
   

2022

   

2021

 
   

(In Thousands)

 

Sale proceeds

  $ 45,394     $ -  

Gross realized losses

    (3,335 )     -  

Net realized losses

  $ (3,335 )   $ -