Note 4 - Securities (Tables)
|
9 Months Ended |
Sep. 30, 2020 |
|---|
| Notes Tables |
|
| Unrealized Gain (Loss) on Investments [Table Text Block] |
| |
|
|
|
|
|
Gross |
|
|
Gross |
|
|
|
|
|
| |
|
Amortized |
|
|
Unrealized |
|
|
Unrealized |
|
|
Market |
|
| |
|
Cost |
|
|
Gain |
|
|
Loss |
|
|
Value |
|
| September 30, 2020 |
|
(In Thousands) |
|
| Securities Available for Sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury securities |
|
$ |
18,990 |
|
|
$ |
436 |
|
|
$ |
- |
|
|
$ |
19,426 |
|
| Government agencies |
|
|
15,222 |
|
|
|
299 |
|
|
|
- |
|
|
|
15,521 |
|
| Mortgage-backed securities |
|
|
500,251 |
|
|
|
17,879 |
|
|
|
(68 |
) |
|
|
518,062 |
|
| State and municipal securities |
|
|
36,922 |
|
|
|
486 |
|
|
|
- |
|
|
|
37,408 |
|
| Corporate debt |
|
|
317,887 |
|
|
|
5,638 |
|
|
|
(893 |
) |
|
|
322,632 |
|
| Total |
|
$ |
889,272 |
|
|
$ |
24,738 |
|
|
$ |
(961 |
) |
|
$ |
913,049 |
|
| 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] |
| |
|
September 30, 2020 |
|
|
December 31, 2019 |
|
| |
|
Amortized Cost |
|
|
Fair Value |
|
|
Amortized Cost |
|
|
Fair Value |
|
| |
|
(In thousands) |
|
| Debt securities available for sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Due within one year |
|
$ |
22,531 |
|
|
$ |
22,627 |
|
|
$ |
58,722 |
|
|
$ |
58,975 |
|
| Due from one to five years |
|
|
78,998 |
|
|
|
81,105 |
|
|
|
90,034 |
|
|
|
91,005 |
|
| Due from five to ten years |
|
|
191,528 |
|
|
|
194,527 |
|
|
|
129,501 |
|
|
|
131,914 |
|
| Due after ten years |
|
|
95,964 |
|
|
|
96,728 |
|
|
|
3,411 |
|
|
|
3,451 |
|
| Mortgage-backed securities |
|
|
500,251 |
|
|
|
518,062 |
|
|
|
470,513 |
|
|
|
474,054 |
|
| |
|
$ |
889,272 |
|
|
$ |
913,049 |
|
|
$ |
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) |
|
| September 30, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury securities |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Government agency securities |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Mortgage-backed securities |
|
|
(68 |
) |
|
|
34,639 |
|
|
|
- |
|
|
|
- |
|
|
|
(68 |
) |
|
|
34,639 |
|
| State and municipal securities (1) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Corporate debt |
|
|
(893 |
) |
|
|
87,212 |
|
|
|
- |
|
|
|
- |
|
|
|
(893 |
) |
|
|
87,212 |
|
| Total |
|
$ |
(961 |
) |
|
$ |
121,851 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(961 |
) |
|
$ |
121,851 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury securities |
|
$ |
(4 |
) |
|
$ |
3,012 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(4 |
) |
|
$ |
3,012 |
|
| Government agency securities |
|
|
(2 |
) |
|
|
266 |
|
|
|
- |
|
|
|
- |
|
|
|
(2 |
) |
|
|
266 |
|
| 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 |
|
|