Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Securities (Tables)

v3.22.2.2
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