SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure of Repurchase Agreements [Abstract]

Schedule Of Repurchase Agreements [Table Text Block]

Securities sold under agreements to repurchase (repurchase agreements) as of the dates indicated consisted of the following:

		December, 31
		2018		2017
	(Dollars in thousands)
	Short-term fixed-rate repurchase agreement with a rate of 2.85% (December 31, 2017 - 1.53%)	$	50,086	$	100,000
	Long-term fixed-rate repurchase agreements, interest rate of 2.26%
	(December 31, 2017: interest ranging from 1.96% to 2.26%) (1)(2)		100,000		200,000
		$	150,086	$	300,000
(1)	Reported net of securities purchased under agreements to repurchase (reverse repurchase agreements) by counterparty, when applicable, pursuant to ASC Topic 210-20-45-11.
(2)	During the third quarter of 2018, the call option on a $100 million repurchase agreement that carried a cost of 1.96% was exercised. Subsequent to December 31, 2018, the lender had the option to call another repurchase agreement, which was not exercised.

Repurchase agreements mature as follows:
		December 31, 2018
	(In thousands)
	Three months or less	$	50,086
	Over three to four years		100,000
	Total	$	150,086

Repurchase agreements as of December 31, 2018, grouped by counterparty, were as follows:
				Weighted-Average
	Counterparty	Amount		Maturity (In Months)
	(Dollars in thousands)
	JP Morgan Chase	$	150,086	35

Schedule of Securities Sold Under Repurchase Agreements [Table Text Block]

The following securities were sold under agreements to repurchase:
		December 31, 2018
		Amortized				Approximate	Weighted
		Cost of				Fair Value	Average
		Underlying		Balance of		of Underlying	Interest Rate
Underlying Securities		Securities		Borrowing		Securities	of Security
(In thousands)
U.S. government-sponsored agencies	$	31,396	$	25,276	$	30,958		1.55	%
Mortgage-backed securities		155,963		124,810		151,777		2.39	%
Total	$	187,359	$	150,086	$	182,735
Accrued interest receivable	$	483

		December 31, 2017
		Amortized				Approximate	Weighted
		Cost of				Fair Value	Average
		Underlying		Balance of		of Underlying	Interest Rate
Underlying Securities		Securities		Borrowing		Securities	of Security
(In thousands)
U.S. government-sponsored agencies	$	132,637	$	127,801	$	131,271	1.39	%
Mortgage-backed securities		222,325		172,199		218,852	2.29	%
Total	$	354,962	$	300,000	$	350,123
Accrued interest receivable	$	1,060