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FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Dec. 31, 2020
FAIR VALUES OF FINANCIAL INSTRUMENTS [Abstract]  
Estimated Fair Values and Recorded Book Balances

The estimated recorded book balances and fair values at December 31 follow:

              
Fair Value Using
  
   
Recorded
Book
Balance
    
Fair Value
    
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
    
Significant
Other
Observable
Inputs
(Level 2)
    
Significant
Un-
observable
Inputs
(Level 3)
  
   
(In thousands)
  
2020
                              
Assets
                              
Cash and due from banks
  
$
56,006
    
$
56,006
    
$
56,006
    
$
-
    
$
-
  
Interest bearing deposits
    
62,699
      
62,699
      
62,699
      
-
      
-
  
Securities available for sale
    
1,072,159
      
1,072,159
      
-
      
1,072,159
      
-
  
Federal Home Loan Bank and Federal Reserve Bank Stock
    
18,427
    
NA
    
NA
    
NA
    
NA
  
Net loans and loans held for sale
    
2,790,683
      
2,794,058
      
-
      
92,434
      
2,701,624
  
Accrued interest receivable
    
12,315
      
12,315
      
3
      
3,414
      
8,898
  
Derivative financial instruments
    
16,782
      
16,782
      
-
      
16,782
      
-
  
Liabilities
                                        
Deposits with no stated maturity (1)
  
$
3,198,338
    
$
3,198,338
    
$
3,198,338
    
$
-
    
$
-
  
Deposits with stated maturity (1)
    
439,017
      
441,457
      
-
      
441,457
      
-
  
Other borrowings
    
30,012
      
30,844
      
-
      
30,844
      
-
  
Subordinated debt
    
39,281
      
41,417
      
-
      
41,417
      
-
  
Subordinated debentures
    
39,524
      
30,265
      
-
      
30,265
      
-
  
Accrued interest payable
    
601
      
601
      
59
      
542
      
-
  
Derivative financial instruments
    
11,754
      
11,754
      
-
      
11,754
      
-
  
2019
                                        
Assets
                                        
Cash and due from banks
  
$
53,295
    
$
53,295
    
$
53,295
    
$
-
    
$
-
  
Interest bearing deposits
    
12,009
      
12,009
      
12,009
      
-
      
-
  
Interest bearing deposits - time
    
350
      
350
      
-
      
350
      
-
  
Securities available for sale
    
518,400
      
518,400
      
-
      
518,400
      
-
  
Federal Home Loan Bank and Federal Reserve Bank Stock
    
18,359
    
NA
    
NA
    
NA
    
NA
  
Net loans and loans held for sale
    
2,768,675
      
2,768,817
      
-
      
69,800
      
2,699,017
  
Accrued interest receivable
    
10,108
      
10,108
      
8
      
1,752
      
8,348
  
Derivative financial instruments
    
5,464
      
5,464
      
-
      
5,464
      
-
  
                                         
Liabilities
                                        
Deposits with no stated maturity (1)
  
$
2,427,190
    
$
2,427,190
    
$
2,427,190
    
$
-
    
$
-
  
Deposits with stated maturity (1)
    
609,537
      
610,235
      
-
      
610,235
      
-
  
Other borrowings
    
88,646
      
88,680
      
-
      
88,680
      
-
  
Subordinated debentures
    
39,456
      
33,149
      
-
      
33,149
      
-
  
Accrued interest payable
    
1,296
      
1,296
      
97
      
1,199
      
-
  
Derivative financial instruments
    
4,402
      
4,402
      
-
      
4,402
      
-
  

NA – Not applicable
(1)
Deposits with no stated maturity include reciprocal deposits with a recorded book balance of $518.400 million and $388.369 million at December 31, 2020 and 2019, respectively. Deposits with a stated maturity include reciprocal deposits with a recorded book balance of $37.785 million and $42.658 million at December 31, 2020 and 2019, respectively.