Quarterly report [Sections 13 or 15(d)]

Note 12 - Fair Value Measurement (Tables)

v3.26.1
Note 12 - Fair Value Measurement (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
   

Fair Value Measurements at June 30, 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

  $ 430,922     $ -     $ -     $ 430,922  

Mortgage-backed securities

    -       162,131       -       162,131  

State and municipal securities

    -       9,817       -       9,817  

Corporate debt

    -       392,181       -       392,181  

Total available-for-sale debt securities

    430,922       564,129       -       995,051  

Total assets at fair value

  $ 430,922     $ 564,129     $ -     $ 995,051  
                                 
   

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 June 30, 2026

         
   

Quoted Prices in Active Markets for Identical Assets (Level 1)

   

Significant Other
Observable Inputs (Level 2)

   

Significant Unobservable
Inputs (Level 3)

   

Total

 

Assets Measured on a Nonrecurring Basis:

 

(In Thousands)

 

Loans individually evaluated

  $ -     $ -     $ 167,739     $ 167,739  

Other real estate owned and repossessed assets

    -       -       4,834       4,834  

Total assets at fair value

  $ -     $ -     $ 172,573     $ 172,573  
                                 
   

Fair Value Measurements at December 31, 2025

         
   

Quoted Prices in Active Markets for Identical Assets (Level 1)

   

Significant Other
Observable Inputs (Level 2)

   

Significant Unobservable
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]

June 30, 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 due from banks

  $ 115,442     $ 115,442     $ 115,442     $ -     $ -  

Interest-bearing balances due from depository institutions

    1,089,592       1,089,592       1,089,592       -       -  

Securities purchased with agreement to resell

    250,439       250,439       250,439       -       -  

Federal funds sold

    1,000       1,000       -       1,000       -  

Held to maturity U.S. Treasury securities

    249,730       240,710       240,710       -       -  

Held to maturity debt securities

    385,750       349,570       -       348,070       1,500  

Mortgage loans held for sale

    14,886       14,886       -       14,886       -  

Restricted equity securities

    12,475       12,475       -       12,475       -  

Loans, net

    14,296,636       14,123,112       -       -       14,123,112  

Financial Liabilities:

                                       

Deposits

  $ 14,548,730     $ 14,544,901     $ -     $ 14,544,901     $ -  

Federal funds purchased

    1,579,388       1,579,388       -       1,579,388       -  

Other borrowings

    34,750       31,571       -       31,571       -  

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 due from banks

  $ 95,127     $ 95,127     $ 95,127     $ -     $ -  

Interest-bearing balances due from depository institutions

    1,026,607       1,026,607       1,026,607       -       -  

Securities purchased with agreement to resell

    498,910       498,910       498,910       -       -  

Federal funds sold

    6,052       6,052       -       6,052       -  

Held to maturity U.S. Treasury securities

    249,621       240,032       240,032       -       -  

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       -