Note 7 - Deposits and Borrowed Funds

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Deposits and Borrowed Funds [Text Block]

Note 7: Deposits and Borrowed Funds

The following table provides additional detail regarding deposits.

	Deposits
	At December 31,		At December 31,
	2021		2020
	(In thousands)
Noninterest-bearing	$	3,069,080	$	2,725,177
Interest-bearing:
Transaction		1,260,869		1,102,601
Savings		1,940,395		1,703,812
Time deposits less than $100 thousand		72,527		79,825
Time deposits $100 thousand through $250 thousand		47,666		49,323
Time deposits more than $250 thousand		23,419		27,241
Total deposits	$	6,413,956	$	5,687,979

Demand deposit overdrafts of $611 thousand and $682 thousand were included as loan balances at December 31, 2021 and December 31, 2020, respectively. Interest expense for aggregate time deposits with individual account balances in excess of $100 thousand was $265 thousand in 2021, $319 thousand in 2020 and $326 thousand in 2019.

The following table provides additional detail regarding short-term borrowed funds.

	Repurchase Agreements (Sweep) Accounted for as Secured Borrowings
	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous
	At December 31,		At December 31,
	2021		2020
Repurchase agreements:	(In thousands)
Collateral securing borrowings:
Agency residential MBS	$	42,295	$	67,019
Corporate securities		254,005		188,195
Total collateral carrying value	$	296,300	$	255,214
Total short-term borrowed funds	$	146,246	$	102,545

	For the Years Ended December 31,
	2021		2020
	Highest Balance at Any Month-end
	(In thousands)
Securities sold under repurchase agreements	$	146,552	$	110,846