Note 4 - Securities (Tables)
|
6 Months Ended |
Jun. 30, 2021 |
|---|
| Notes Tables |
|
| Unrealized Gain (Loss) on Investments [Table Text Block] |
| |
|
|
|
|
|
Gross |
|
|
Gross |
|
|
|
|
|
| |
|
Amortized |
|
|
Unrealized |
|
|
Unrealized |
|
|
Market |
|
| |
|
Cost |
|
|
Gain |
|
|
Loss |
|
|
Value |
|
| June 30, 2021 |
|
(In Thousands) |
|
| Securities Available for Sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury securities |
|
$ |
13,998 |
|
|
$ |
237 |
|
|
$ |
- |
|
|
$ |
14,235 |
|
| Government agencies |
|
|
12,026 |
|
|
|
113 |
|
|
|
- |
|
|
|
12,139 |
|
| Mortgage-backed securities |
|
|
587,372 |
|
|
|
12,840 |
|
|
|
(1,120 |
) |
|
|
599,092 |
|
| State and municipal securities |
|
|
26,045 |
|
|
|
293 |
|
|
|
(57 |
) |
|
|
26,281 |
|
| Corporate debt |
|
|
349,394 |
|
|
|
13,656 |
|
|
|
(1,264 |
) |
|
|
361,786 |
|
| Total |
|
$ |
988,835 |
|
|
$ |
27,139 |
|
|
$ |
(2,441 |
) |
|
$ |
1,013,533 |
|
| Securities Held to Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| State and municipal securities |
|
|
250 |
|
|
|
- |
|
|
|
- |
|
|
|
250 |
|
| Total |
|
$ |
250 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
250 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Securities Available for Sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury securities |
|
$ |
13,993 |
|
|
$ |
364 |
|
|
$ |
- |
|
|
$ |
14,357 |
|
| Government agencies |
|
|
15,228 |
|
|
|
230 |
|
|
|
- |
|
|
|
15,458 |
|
| Mortgage-backed securities |
|
|
477,407 |
|
|
|
17,720 |
|
|
|
(18 |
) |
|
|
495,109 |
|
| State and municipal securities |
|
|
37,671 |
|
|
|
444 |
|
|
|
- |
|
|
|
38,115 |
|
| Corporate debt |
|
|
316,857 |
|
|
|
7,296 |
|
|
|
(504 |
) |
|
|
323,649 |
|
| Total |
|
$ |
861,156 |
|
|
$ |
26,054 |
|
|
$ |
(522 |
) |
|
$ |
886,688 |
|
| 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, 2021 |
|
|
December 31, 2020 |
|
| |
|
Amortized
Cost |
|
|
Fair Value |
|
|
Amortized
Cost |
|
|
Fair Value |
|
| |
|
(In thousands) |
|
| Debt securities available for sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Due within one year |
|
$ |
34,066 |
|
|
$ |
34,409 |
|
|
$ |
30,797 |
|
|
$ |
31,060 |
|
| Due from one to five years |
|
|
42,224 |
|
|
|
43,525 |
|
|
|
59,828 |
|
|
|
61,481 |
|
| Due from five to ten years |
|
|
321,035 |
|
|
|
332,152 |
|
|
|
288,002 |
|
|
|
293,886 |
|
| Due after ten years |
|
|
4,138 |
|
|
|
4,355 |
|
|
|
5,122 |
|
|
|
5,152 |
|
| Mortgage-backed securities |
|
|
587,372 |
|
|
|
599,092 |
|
|
|
477,407 |
|
|
|
495,109 |
|
| |
|
$ |
988,835 |
|
|
$ |
1,013,533 |
|
|
$ |
861,156 |
|
|
$ |
886,688 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgage-backed securities |
|
$ |
(1,120 |
) |
|
$ |
178,518 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(1,120 |
) |
|
$ |
178,518 |
|
| State and municipal securities |
|
|
(57 |
) |
|
|
4,439 |
|
|
|
- |
|
|
|
- |
|
|
|
(57 |
) |
|
|
4,439 |
|
| Corporate debt |
|
|
(1,264 |
) |
|
|
19,736 |
|
|
|
- |
|
|
|
- |
|
|
|
(1,264 |
) |
|
|
19,736 |
|
| Total |
|
$ |
(2,441 |
) |
|
$ |
202,693 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(2,441 |
) |
|
$ |
202,693 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgage-backed securities |
|
$ |
(18 |
) |
|
$ |
3,667 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(18 |
) |
|
$ |
3,667 |
|
| Corporate debt |
|
|
(504 |
) |
|
|
59,576 |
|
|
|
- |
|
|
|
- |
|
|
|
(504 |
) |
|
|
59,576 |
|
| Total |
|
$ |
(522 |
) |
|
$ |
63,243 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(522 |
) |
|
$ |
63,243 |
|
|
| Debt Securities, Available-for-sale [Table Text Block] |
| |
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
| |
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
| |
|
(In Thousands) |
|
| Sales and calls proceeds |
|
$ |
6,272 |
|
|
$ |
- |
|
|
$ |
6,272 |
|
|
$ |
- |
|
| Gross realized gains |
|
$ |
620 |
|
|
$ |
- |
|
|
$ |
620 |
|
|
$ |
- |
|
| Gross realized losses |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Net realized gain (loss) |
|
$ |
620 |
|
|
$ |
- |
|
|
$ |
620 |
|
|
$ |
- |
|
|