XML 35 R25.htm IDEA: XBRL DOCUMENT v3.19.1
Debt Securities Held to Maturity (Tables)
 3 Months Ended
Mar. 31, 2019
Investments, Debt and Equity Securities [Abstract]  
Schedule of amortized cost, gross unrealized gains, gross unrealized losses and the fair value of securities held-to-maturity
Debt securities held to maturity at March 31, 2019 and December 31, 2018 are summarized as follows:
 
March 31, 2019
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized (Losses)
 
Fair Value
 
(In thousands)
 
 
 
 
 
 
 
 
U.S. government and agency obligations
$
33,406

 
$
73

 
$
(52
)
 
$
33,427

Mortgage-backed securities and collateralized mortgage obligations
254,123

 
513

 
(3,613
)
 
251,023

 
$
287,529

 
$
586

 
$
(3,665
)
 
$
284,450

 
December 31, 2018
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized (Losses)
 
Fair Value
 
(In thousands)
 
 
 
 
 
 
 
 
U.S. government and agency obligations
$
23,404

 
$
45

 
$
(208
)
 
$
23,241

Mortgage-backed securities and collateralized mortgage obligations
238,739

 
28

 
(7,167
)
 
231,600

 
$
262,143

 
$
73

 
$
(7,375
)
 
$
254,841
Schedule of securities by contractual maturity
The amortized cost and fair value of debt securities available for sale at March 31, 2019, by contractual final maturity, is shown below. Expected maturities may differ from contractual maturities due to prepayment or early call options exercised by the issuer.
 
March 31, 2019
 
Amortized Cost
 
Fair Value
 
(In thousands)
 
 
 
 
One year or less
$
95

 
$
95

More than one year to five years
60,043

 
59,857

More than five years to ten years
59,166

 
58,616

More than ten years
5,000

 
4,480

 
$
124,304

 
$
123,048

Mortgage-backed securities and collateralized mortgage obligations
970,978

 
967,129

 
$
1,095,282

 
$
1,090,177

Expected maturities may differ from contractual maturities due to prepayment or early call options exercised by the issuer.
 
March 31, 2019
 
Amortized Cost
 
Fair Value
 
(In thousands)
 
 
 
 
More than one year to five years
$
5,000

 
$
5,003

More than five years to ten years
18,406

 
18,361

More than ten years
10,000

 
10,063

 
$
33,406

 
$
33,427

Mortgage-backed securities and collateralized mortgage obligations
254,123

 
251,023

 
$
287,529

 
$
284,450
Schedule of held-to-maturity securities reported in a continuous unrealized loss position
The following tables summarize the fair value and gross unrealized losses of those securities that reported an unrealized loss at March 31, 2019 and December 31, 2018 and if the unrealized loss position was continuous for the twelve months prior to March 31, 2019 and December 31, 2018:
 
March 31, 2019
 
Less Than 12 Months
 
12 Months or Longer
 
Total
 
Fair Value
 
Gross Unrealized (Losses)
 
Fair Value
 
Gross Unrealized (Losses)
 
Fair Value
 
Gross Unrealized (Losses)
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
U.S. government and agency obligations
$
—

 
$
—

 
$
8,353

 
$
(52
)
 
$
8,353

 
$
(52
)
Mortgage-backed securities and collateralized mortgage obligations
10,029

 
(208
)
 
202,541

 
(3,405
)
 
212,570

 
(3,613
)
 
$
10,029

 
$
(208
)
 
$
210,894

 
$
(3,457
)
 
$
220,923

 
$
(3,665
)
 
December 31, 2018
 
Less Than 12 Months
 
12 Months or Longer
 
Total
 
Fair Value
 
Gross Unrealized (Losses)
 
Fair Value
 
Gross Unrealized (Losses)
 
Fair Value
 
Gross Unrealized (Losses)
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
U.S. government and agency obligations
$
—

 
$
—

 
$
8,197

 
$
(208
)
 
$
8,197

 
$
(208
)
Mortgage-backed securities and collateralized mortgage obligations
11,265

 
(69
)
 
213,246

 
(7,098
)
 
224,511

 
(7,167
)
 
$
11,265

 
$
(69
)
 
$
221,443

 
$
(7,306
)
 
$
232,708

 
$
(7,375
)