Quarterly report [Sections 13 or 15(d)]

Note 12 - Fair Value Measurement (Tables)

v3.26.1
Note 12 - Fair Value Measurement (Tables)
3 Months Ended
Mar. 31, 2026
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
   

Fair Value Measurements at March 31, 2026 Using

         
   

Quoted Prices in

                         
   

Active Markets

   

Significant Other

   

Significant

         
   

for Identical

   

Observable Inputs

   

Unobservable

         
   

Assets (Level 1)

   

(Level 2)

   

Inputs (Level 3)

   

Total

 

Assets Measured on a Recurring Basis:

 

(In Thousands)

 

Available-for-sale debt securities:

                               

U.S. Treasury securities

  $ 471,693     $ -     $ -     $ 471,693  

Mortgage-backed securities

    -       123,160       -       123,160  

State and municipal securities

    -       9,822       -       9,822  

Corporate debt

    -       432,476       -       432,476  

Total available-for-sale debt securities

    471,693       565,458       -       1,037,151  

Total assets at fair value

  $ 471,693     $ 565,458     $ -     $ 1,037,151  
   

Fair Value Measurements at December 31, 2025 Using

         
   

Quoted Prices in

                         
   

Active Markets

   

Significant Other

   

Significant

         
   

for Identical

   

Observable Inputs

   

Unobservable

         
   

Assets (Level 1)

   

(Level 2)

   

Inputs (Level 3)

   

Total

 

Assets Measured on a Recurring Basis:

 

(In Thousands)

 

Available-for-sale debt securities:

                               

U.S. Treasury securities

  $ 522,923     $ -     $ -     $ 522,923  

Mortgage-backed securities

    -       133,304       -       133,304  

State and municipal securities

    -       9,809       -       9,809  

Corporate debt

    -       402,789       -       402,789  

Total available-for-sale debt securities

    522,923       545,902       -       1,068,825  

Total assets at fair value

  $ 522,923     $ 545,902     $ -     $ 1,068,825  
Fair Value Measurements, Nonrecurring [Table Text Block]
   

Fair Value Measurements at March 31, 2026 Using

         
   

Quoted Prices in

                         
   

Active Markets

   

Significant Other

   

Significant

         
   

for Identical

   

Observable 

   

Unobservable

         
   

Assets (Level 1)

   

Inputs (Level 2)

   

Inputs (Level 3)

   

Total

 

Assets Measured on a Nonrecurring Basis:

 

(In Thousands)

 

Loans individually evaluated

  $ -     $ -     $ 191,101     $ 191,101  

Other real estate owned and repossessed assets

    -       -       3,072       3,072  

Total assets at fair value

  $ -     $ -     $ 194,173     $ 194,173  
   

Fair Value Measurements at December 31, 2025 Using

         
   

Quoted Prices in

                         
   

Active Markets

   

Significant Other

   

Significant

         
   

for Identical

   

Observable

   

Unobservable

         
   

Assets (Level 1)

   

Inputs (Level 2)

   

Inputs (Level 3)

   

Total

 

Assets Measured on a Nonrecurring Basis:

 

(In Thousands)

 

Loans individually evaluated

  $ -     $ -     $ 186,825     $ 186,825  

Other real estate owned and repossessed assets

    -       -       2,583       2,583  

Total assets at fair value

  $ -     $ -     $ 189,408     $ 189,408  
Fair Value, by Balance Sheet Grouping [Table Text Block]

March 31, 2026

 

Carrying /
Notional
Amount

   

Estimated
Fair Value

   

Quoted Market
Prices in an Active
Market
(Level 1)

   

Models with
Significant
Observable Market
Parameters
(Level 2)

   

Models with
Significant
Unobservable
Market Parameters
(Level 3)

 
   

(In Thousands)

 

Financial Assets:

                                       

Cash and cash equivalents

  $ 1,817,944     $ 1,817,944     $ 1,817,944     $ -     $ -  

Securities purchased with agreement to resell

  $ 499,087     $ 499,087     $ 499,087     $ -     $ -  

Held to maturity U.S. Treasury securities

    249,675       240,255       240,255       -       -  

Federal funds sold

    18,678       18,678       -       18,678       -  

Held to maturity debt securities

    397,595       362,221       -       361,721       500  

Mortgage loans held for sale

    12,893       12,893       -       12,893       -  

Restricted equity securities

    12,466       12,466       -       12,466       -  

Loans, net

    13,772,008       13,570,508       -       -       13,570,508  

Financial Liabilities:

                                       

Deposits

  $ 14,486,364     $ 14,483,407     $ -     $ 14,483,407     $ -  

Federal funds purchased

    1,546,987       1,546,987       -       1,546,987       -  

Other borrowings

    34,750       31,413       -       31,413       -  

December 31, 2025

 

Carrying /
Notional
Amount

   

Estimated
Fair Value

   

Quoted Market
Prices in an Active
Market
(Level 1)

   

Models with
Significant
Observable Market
Parameters
(Level 2)

   

Models with
Significant
Unobservable
Market Parameters
(Level 3)

 
   

(In Thousands)

 

Financial Assets:

                                       

Cash and cash equivalents

  $ 1,121,734     $ 1,121,734     $ 1,121,734     $ -     $ -  

Securities purchased with agreement to resell

  $ 498,910     $ 498,910     $ 498,910     $ -     $ -  

Held to maturity U.S. Treasury securities

    249,621       240,032       240,032       -       -  

Federal funds sold

    6,052       6,052       -       6,052       -  

Held to maturity debt securities

    410,455       376,503       -       376,003       500  

Mortgage loans held for sale

    11,744       11,744       -       11,744       -  

Restricted equity securities

    12,203       12,203       -       12,203       -  

Loans, net

    13,525,229       13,267,169       -       -       13,267,169  

Financial Liabilities:

                                       

Deposits

  $ 14,219,034     $ 14,217,711     $ -     $ 14,217,711     $ -  

Federal funds purchased

    1,471,628       1,471,628       -       1,471,628       -  

Other borrowings

    34,750       31,258       -       31,258       -