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Note 9 - Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2022
Notes Tables  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
  

At September 30, 2022

 
  

Fair Value

  

Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)

  

Significant
Other
Observable
Inputs
(Level 2)

  

Significant
Unobservable
Inputs
(Level 3) (1)

 
  

(In thousands)

 

Debt securities available for sale:

                

Agency residential MBS

 $296,689  $-  $296,689  $- 

Securities of U.S. Government sponsored entities

  272,525   -   272,525   - 

Obligations of states and political subdivisions

  80,987   -   80,987   - 

Corporate securities

  2,138,508   -   2,138,508   - 

Collateralized loan obligations

  1,587,622   -   1,587,622   - 

Total debt securities available for sale

 $4,376,331  $-  $4,376,331  $- 
  

At December 31, 2021

 
  

Fair Value

  

Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)

  

Significant
Other
Observable
Inputs
(Level 2)

  

Significant
Unobservable
Inputs
(Level 3) (1)

 
  

(In thousands)

 

Debt securities available for sale:

                

Agency residential MBS

 $411,726  $-  $411,726  $- 

Securities of U.S. Government entities

  119   -   119   - 

Obligations of states and political subdivisions

  93,920   -   93,920   - 

Corporate securities

  2,746,735   -   2,746,735   - 

Collateralized loan obligations

  1,386,355   -   1,386,355   - 

Total debt securities available for sale

 $4,638,855  $-  $4,638,855  $- 
Fair Value Measurements, Nonrecurring [Table Text Block]
                  

For the Nine

 
                  

Months Ended

 
  

At September 30, 2022

  

September 30, 2022

 
  

Carrying Value

  

Level 1

  

Level 2

  

Level 3

  

Total Losses

 
  

(In thousands)

 

Loans:

                    

Commercial real estate

 $225  $-  $-  $225  $- 

Total assets measured at fair value on a nonrecurring basis

 $225  $-  $-  $225  $- 
                  

For the

 
                  

Year Ended

 
  

At December 31, 2021

  

December 31, 2021

 
  

Carrying Value

  

Level 1

  

Level 2

  

Level 3

  

Total Losses

 
  

(In thousands)

 

Loans:

                    

Commercial real estate

 $225  $-  $-  $225  $- 

Residential real estate

  172   -   -   172   - 

Total assets measured at fair value on a nonrecurring basis

 $397  $-  $-  $397  $- 
Fair Value, by Balance Sheet Grouping [Table Text Block]
  

At September 30, 2022

 
  

Carrying
Amount

  

Estimated Fair
Value

  

Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)

  

Significant
Other
Observable
Inputs
(Level 2 )

  

Significant
Unobservable
Inputs
(Level 3 )

 

Financial Assets:

 

(In thousands)

 

Cash and due from banks

 $413,665  $413,665  $413,665  $-  $- 

Debt securities held to maturity

  936,267   878,462   -   878,462   - 

Loans

  957,815   911,315   -   -   911,315 
                     

Financial Liabilities:

                    

Deposits

 $6,495,256  $6,494,193  $-  $6,358,473  $135,720 

Short-term borrowed funds

  76,886   76,886   -   76,886   - 
  

At December 31, 2021

 
  

Carrying
Amount

  

Estimated Fair
Value

  

Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)

  

Significant
Other
Observable
Inputs
(Level 2 )

  

Significant
Unobservable
Inputs
(Level 3 )

 

Financial Assets:

 

(In thousands)

 

Cash and due from banks

 $1,132,085  $1,132,085  $1,132,085  $-  $- 

Debt securities held to maturity

  306,396   312,562   -   312,562   - 

Loans

  1,044,612   1,059,072   -   -   1,059,072 
                     

Financial Liabilities:

                    

Deposits

 $6,413,956  $6,413,244  $-  $6,270,344  $142,900 

Short-term borrowed funds

  146,246   146,246   -   146,246   -