Annual report pursuant to Section 13 and 15(d)

Note 2 - Debt Securities (Tables)

v3.10.0.1
Note 2 - Debt Securities (Tables)
 12 Months Ended
Dec. 31, 2018
Notes Tables  
Unrealized Gain (Loss) on Investments [Table Text Block]
     
Amortized

Cost
   Gross
Unrealized
Gain		   Gross
Unrealized
Loss		    
Market

Value
December 31, 2018  
(In Thousands)
Securities Available for Sale                
U.S. Treasury and government sponsored agencies   $
77,534
     $
78
     $
(619
 )   $
76,993
 
Mortgage-backed securities    
309,244
      
591
      
(5,531
 )    
304,304
 
State and municipal securities    
106,465
      
208
      
(679
 )    
105,994
 
Corporate debt    
102,982
      
668
      
(757
 )    
102,893
 
Total   $
596,225
     $
1,545
     $
(7,586
 )   $
590,184
 
                                 
December 31, 2017                                
Securities Available for Sale                                
U.S. Treasury and government sponsored agencies   $
55,567
     $
38
     $
(249
 )   $
55,356
 
Mortgage-backed securities    
278,177
      
1,006
      
(2,685
 )    
276,498
 
State and municipal securities    
134,641
      
761
      
(553
 )    
134,849
 
Corporate debt    
69,996
      
1,416
      
(35
 )    
71,377
 
Total   $
538,381
     $
3,221
     $
(3,522
 )   $
538,080
 
Securities Held to Maturity                                
State and municipal securities    
250
      
-
      
-
      
250
 
Total   $
250
     $
-
     $
-
     $
250
 
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
    December 31, 2018   December 31, 2017
      Amortized Cost       Market Value       Amortized Cost       Market Value  
    (In Thousands)
Debt securities available for sale                                
Due within one year   $
38,343
     $
38,225
     $
22,122
     $
22,172
  
Due from one to five years    
167,873
      
166,380
      
160,773
      
160,563
  
Due from five to ten years    
77,811
      
78,276
      
73,362
      
74,684
  
Due after ten years    
2,954
      
2,999
      
3,947
      
4,163
  
Mortgage-backed securities    
309,244
      
304,304
      
278,177
      
276,498
  
    $
596,225
     $
590,184
     $
538,381
     $
538,080
  
                                 
Debt securities held to maturity                                
Due from one to five years   $
-
     $
-
     $
250
     $
250
  
    $
-
     $
-
     $
250
     $
250
  
Gain (Loss) on Securities [Table Text Block]
    Less Than Twelve Months   Twelve Months or More   Total
      Gross
Unrealized
Losses		    
Fair Value
       Gross
Unrealized
Losses		    
Fair Value
       Gross
Unrealized
Losses		    
Fair Value
  
    (In Thousands)
December 31, 2018                        
U.S. Treasury and government sponsored agencies   $
(8
 )   $
1,001
     $
(611
 )   $
50,878
     $
(619
 )   $
51,879
  
Mortgage-backed securities    
(539
 )    
67,721
      
(4,992
 )    
204,260
      
(5,531
 )    
271,981
  
State and municipal securities    
(101
 )    
20,821
      
(578
 )    
52,190
      
(679
 )    
73,011
  
Corporate debt    
(315
 )    
36,245
      
(442
 )    
13,474
      
(757
 )    
49,719
  
Total   $
(963
 )   $
125,788
     $
(6,623
 )   $
320,802
     $
(7,586
 )   $
446,590
  
                                                 
December 31, 2017                                                
U.S. Treasury and government sponsored agencies   $
(151
 )   $
33,401
     $
(98
 )   $
2,926
     $
(249
 )   $
36,327
  
Mortgage-backed securities    
(986
 )    
140,432
      
(1,699
 )    
75,903
      
(2,685
 )    
216,335
  
State and municipal securities    
(450
 )    
66,637
      
(103
 )    
6,648
      
(553
 )    
73,285
  
Corporate debt    
(35
 )    
6,955
      
-
      
-
      
(35
 )    
6,955
  
Total   $
(1,622
 )   $
247,425
     $
(1,900
 )   $
85,477
     $
(3,522
 )   $
332,902
  
Available-for-sale Securities [Table Text Block]
    Years Ended December 31,
    2018   2017   2016
    (In Thousands)
Sale proceeds   $
5,736
     $
3,500
     $
6,085
  
Gross realized gains   $
15
     $
-
     $
4
  
Gross realized losses    
-
      
-
      
(7
 )
Net realized gain (loss)   $
15
     $
-
     $
(3
 )