Note 11 - Fair Value Measurement (Tables)
|
6 Months Ended |
Jun. 30, 2019 |
|---|
| Notes Tables |
|
| Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
| |
|
Fair Value Measurements at June 30, 2019 Using |
|
|
|
|
|
| |
|
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 Recurring Basis: |
|
(In Thousands) |
|
| Available-for-sale debt securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury and government agencies |
|
$ |
- |
|
|
$ |
74,707 |
|
|
$ |
- |
|
|
$ |
74,707 |
|
| Mortgage-backed securities |
|
|
- |
|
|
|
363,425 |
|
|
|
- |
|
|
|
363,425 |
|
| State and municipal securities |
|
|
- |
|
|
|
84,311 |
|
|
|
- |
|
|
|
84,311 |
|
| Corporate debt |
|
|
- |
|
|
|
128,933 |
|
|
|
6,595 |
|
|
|
135,528 |
|
| Total assets at fair value |
|
$ |
- |
|
|
$ |
651,376 |
|
|
$ |
6,595 |
|
|
$ |
657,971 |
|
| |
|
Fair Value Measurements at December 31, 2018 Using |
|
|
|
|
|
| |
|
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 Recurring Basis: |
|
(In Thousands) |
|
| Available-for-sale debt securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury and government agencies |
|
$ |
- |
|
|
$ |
76,993 |
|
|
$ |
- |
|
|
$ |
76,993 |
|
| 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 June 30, 2019 |
|
|
|
|
|
| |
|
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) |
|
| Impaired loans |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
35,574 |
|
|
$ |
35,574 |
|
| Other real estate owned and repossessed assets |
|
|
- |
|
|
|
- |
|
|
|
5,649 |
|
|
|
5,649 |
|
| Total assets at fair value |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
41,223 |
|
|
$ |
41,223 |
|
| |
|
Fair Value Measurements at December 31, 2018 |
|
|
|
|
|
| |
|
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) |
|
| Impaired loans |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
30,463 |
|
|
$ |
30,463 |
|
| Other real estate owned and repossessed assets |
|
|
- |
|
|
|
- |
|
|
|
5,169 |
|
|
|
5,169 |
|
| Total assets at fair value |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
35,632 |
|
|
$ |
35,632 |
|
|
| Fair Value, by Balance Sheet Grouping [Table Text Block] |
| |
|
June 30, 2019 |
|
|
December 31, 2018 |
|
| |
|
Carrying Amount |
|
|
Fair Value |
|
|
Carrying Amount |
|
|
Fair Value |
|
| |
|
(In Thousands) |
|
| Financial Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Level 1 inputs: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash and due from banks |
|
$ |
477,893 |
|
|
$ |
477,893 |
|
|
$ |
458,050 |
|
|
$ |
458,050 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Level 2 inputs: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Federal funds sold |
|
|
408,289 |
|
|
|
408,289 |
|
|
|
223,845 |
|
|
|
223,845 |
|
| Mortgage loans held for sale |
|
|
9,446 |
|
|
|
9,446 |
|
|
|
120 |
|
|
|
121 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| Level 3 inputs: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Held to maturity debt securities |
|
|
250 |
|
|
|
250 |
|
|
|
- |
|
|
|
- |
|
| Loans, net |
|
|
6,860,926 |
|
|
|
6,791,540 |
|
|
|
6,464,899 |
|
|
|
6,398,604 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financial liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Level 2 inputs: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Deposits |
|
$ |
7,404,794 |
|
|
$ |
7,407,047 |
|
|
$ |
6,915,708 |
|
|
$ |
6,910,176 |
|
| Federal funds purchased |
|
|
459,449 |
|
|
|
459,449 |
|
|
|
288,725 |
|
|
|
288,725 |
|
| Other borrowings |
|
|
64,684 |
|
|
|
64,624 |
|
|
|
64,666 |
|
|
|
64,613 |
|
|