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FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Dec. 31, 2021
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)
  
2021
                              
Assets
                              
Cash and due from banks
  
$
51,069
    
$
51,069
    
$
51,069
    
$
-
    
$
-
  
Interest bearing deposits
    
58,404
      
58,404
      
58,404
      
-
      
-
  
Securities available for sale
    
1,412,830
      
1,412,830
      
-
      
1,412,830
      
-
  
Federal Home Loan Bank and Federal Reserve Bank Stock
    
18,427
    
NA
    
NA
    
NA
    
NA
  
Net loans and loans held for sale
    
2,948,074
      
2,931,079
      
35,233
      
55,470
      
2,840,376
  
Accrued interest receivable
    
12,865
      
12,865
      
1
      
6,028
      
6,836
  
Derivative financial instruments
    
12,283
      
12,283
      
-
      
12,283
      
-
  
Liabilities
                                        
Deposits with no stated maturity (1)
  
$
3,781,298
    
$
3,781,298
    
$
3,781,298
    
$
-
    
$
-
  
Deposits with stated maturity (1)
    
335,792
      
336,006
      
-
      
336,006
      
-
  
Other borrowings
    
30,009
      
30,155
      
-
      
30,155
      
-
  
Subordinated debt
    
39,357
      
44,999
      
-
      
44,999
      
-
  
Subordinated debentures
    
39,592
      
33,866
      
-
      
33,866
      
-
  
Accrued interest payable
    
497
      
497
      
67
      
430
      
-
  
Derivative financial instruments
    
5,961
      
5,961
      
-
      
5,961
      
-
  
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
      
-
  

NA – Not applicable
(1)
Deposits with no stated maturity include reciprocal deposits with a recorded book balance of $562.210 million and $518.400 million at December 31, 2021 and 2020, respectively. Deposits with a stated maturity include reciprocal deposits with a recorded book balance of $24.416 million and $37.785 million at December 31, 2021 and 2020, respectively.