Annual report pursuant to Section 13 and 15(d)

Note 21 - Fair Value Measurement (Tables)

v3.19.3.a.u2
Note 21 - Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 2019
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
   

Fair Value Measurements at December 31, 2019 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 securities:

                               

U.S. Treasury securities

  $ -     $ 49,210     $ -     $ 49,210  

Government agency securities

            18,386               18,386  

Mortgage-backed securities

    -       474,054       -       474,054  

State and municipal securities

    -       57,272       -       57,272  

Corporate debt

    -       153,881       6,596       160,477  

Total assets at fair value

  $ -     $ 752,803     $ 6,596     $ 759,399  
   

Fair Value Measurements at December 31, 2018 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 securities

                               

U.S. Treasury securities

  $ -     $ 58,428     $ -     $ 58,428  

Government agency securities

            18,565               18,565  

Mortgage-backed securities

    -       304,304       -       304,304  

State and municipal securities

    -       105,994       -       105,994  

Corporate debt

    -       96,375       6,518       102,893  

Total assets at fair value

  $ -     $ 583,666     $ 6,518     $ 590,184  
Fair Value Measurements, Nonrecurring [Table Text Block]
   

Fair Value Measurements at December 31, 2019 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)

 

Impaired loans

  $ -       -     $ 33,344     $ 33,344  

Other real estate owned and repossessed assets

    -       -       8,178       8,178  

Total assets at fair value

    -       -     $ 41,522     $ 41,522  
   

Fair Value Measurements at December 31, 2018 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)

 

Impaired loans

  $ -     $ -     $ 30,463     $ 30,463  

Other real estate owned

    -       -       5,169       5,169  

Total assets at fair value

  $ -     $ -     $ 35,632     $ 35,632  
Fair Value, by Balance Sheet Grouping [Table Text Block]
   

December 31,

 
   

2019

   

2018

 
   

Carrying

Amount

   

Fair Value

   

Carrying

Amount

   

Fair Value

 
   

(In Thousands)

 

Financial Assets:

                               

Level 1 Inputs:

                               

Cash and cash equivalents

  $ 530,127     $ 530,127     $ 458,050     $ 458,050  
                                 

Level 2 Inputs:

                               

Debt securities available for sale

  $ 752,803     $ 752,803     $ 583,666     $ 583,666  

Equity securities

    -       -       894       894  

Federal funds sold

    100,473       100,473       223,845       223,845  

Mortgage loans held for sale

    6,302       6,312       120       121  
                                 

Level 3 Inputs:

                               

Debt securities available for sale

  $ 6,596     $ 6,596     $ 6,518     $ 6,518  

Debt securities held to maturity

    250       250       -       -  

Loans, net

    7,184,867       7,132,542       6,464,899       6,398,604  
                                 

Financial Liabilities:

                               

Level 2 Inputs:

                               

Deposits

  $ 7,530,433     $ 7,534,984     $ 6,915,708     $ 6,910,176  

Federal funds purchased

    470,749       470,749       288,725       288,725  

Other borrowings

    64,703       65,048       64,666       64,613