Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Securities (Tables)

v3.20.2
Note 4 - Securities (Tables)
6 Months Ended
Jun. 30, 2020
Notes Tables  
Unrealized Gain (Loss) on Investments [Table Text Block]
           

Gross

   

Gross

         
   

Amortized

   

Unrealized

   

Unrealized

   

Market

 
   

Cost

   

Gain

   

Loss

   

Value

 

June 30, 2020

 

(In Thousands)

 

Securities Available for Sale

                               

U.S. Treasury securities

  $ 39,978     $ 604     $ -     $ 40,582  

Government agencies

    15,225       350       -       15,575  

Mortgage-backed securities

    497,442       19,594       -       517,036  

State and municipal securities

    45,060       517       -       45,577  

Corporate debt

    234,924       3,469       (1,035 )     237,358  

Total

  $ 832,629     $ 24,534     $ (1,035 )   $ 856,128  

Securities Held to Maturity

                               

State and municipal securities

    250       -       -       250  

Total

  $ 250     $ -     $ -     $ 250  
                                 

December 31, 2019

                               

Securities Available for Sale

                               

U.S. Treasury securities

  $ 48,923     $ 291     $ (4 )   $ 49,210  

Government agencies

    18,245       143       (2 )     18,386  

Mortgage-backed securities

    470,513       4,859       (1,318 )     474,054  

State and municipal securities

    56,951       335       (14 )     57,272  

Corporate debt

    157,549       3,098       (170 )     160,477  

Total

  $ 752,181     $ 8,726     $ (1,508 )   $ 759,399  

Securities Held to Maturity

                               

State and municipal securities

    250       -       -       250  

Total

  $ 250     $ -     $ -     $ 250  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
   

June 30, 2020

   

December 31, 2019

 
   

Amortized Cost

   

Fair Value

   

Amortized Cost

   

Fair Value

 
   

(In thousands)

 

Debt securities available for sale

                               

Due within one year

  $ 50,291     $ 50,553     $ 58,722     $ 58,975  

Due from one to five years

    79,483       81,473       90,034       91,005  

Due from five to ten years

    187,295       188,814       129,501       131,914  

Due after ten years

    18,118       18,252       3,411       3,451  

Mortgage-backed securities

    497,442       517,036       470,513       474,054  
    $ 832,629     $ 856,128     $ 752,181     $ 759,399  
                                 

Debt securities held to maturity

                               

Due from one to five years

  $ 250     $ 250     $ 250     $ 250  
    $ 250     $ 250     $ 250     $ 250  
Gain (Loss) on Securities [Table Text Block]
   

Less Than Twelve Months

   

Twelve Months or More

   

Total

 
   

Gross

           

Gross

           

Gross

         
   

Unrealized

           

Unrealized

           

Unrealized

         
   

Losses

   

Fair Value

   

Losses

   

Fair Value

   

Losses

   

Fair Value

 
   

(In Thousands)

 

June 30, 2020

                                               

U.S. Treasury and government sponsored agencies

  $ -     $ -     $ -     $ -     $ -     $ -  

Mortgage-backed securities

    -       -       -       -       -       -  

State and municipal securities (1)

    -       -       -       307       -       307  

Corporate debt

    (1,035 )     68,711       -       -       (1,035 )     68,711  

Total

  $ (1,035 )   $ 68,711     $ -     $ 307     $ (1,035 )   $ 69,018  

(1) The municipal security with an unrealized loss for twelve months or more has an unrealized loss of $129.60.

         
                                                 

December 31, 2019

                                               

U.S. Treasury and government sponsored agencies

  $ (6 )   $ 3,278     $ -     $ -     $ (6 )   $ 3,278  

Mortgage-backed securities

    (1,206 )     153,330       (112 )     24,911       (1,318 )     178,241  

State and municipal securities

    (4 )     1,900       (10 )     2,647       (14 )     4,547  

Corporate debt

    (170 )     19,981       -       -       (170 )     19,981  

Total

  $ (1,386 )   $ 178,489     $ (122 )   $ 27,558     $ (1,508 )   $ 206,047