Borrowings (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Schedule of Repurchase Agreements

		June 30, 2020		December 31, 2019
			Repurchase		Repurchase
(In thousands)			liability		liability
U.S. Treasury securities
	Within 30 days	$	66,828	$	88,646
	After 30 to 90 days		9,732		78,061
	After 90 days		72,123		24,538
Total U.S. Treasury securities			148,683		191,245
Mortgage-backed securities
	Within 30 days		3,110		1,235
	After 90 days		310		-
Total mortgage-backed securities			3,420		1,235
Collateralized mortgage obligations
	Within 30 days		962		898
Total collateralized mortgage obligations			962		898
Total		$	153,065	$	193,378

Notes Payable

(In thousands)	June 30, 2020		December 31, 2019
Advances with the FHLB with maturities ranging from 2020 through 2029 paying interest at monthly fixed rates ranging from 0.73% to 4.19%	$	504,409	$	421,399
Advances with the FRB maturing on 2022 paying interest annually at a fixed rate of 0.35%		1,009		-
Unsecured senior debt securities maturing on 2023 paying interest semiannually at a fixed rate of 6.125%, net of debt issuance costs of $ 4,059		295,941		295,307
Junior subordinated deferrable interest debentures (related to trust preferred securities) with maturities ranging from 2033 to 2034 with fixed interest rates ranging from 6.125% to 6.7%, net of debt issuance costs of $382		384,915		384,902
Total notes payable	$	1,186,274	$	1,101,608
Note: Refer to the Corporation's 2019 Form 10-K for rates information at December 31, 2019.

Maturity distribution of debt securities

		Assets sold under
(In thousands)		agreements to repurchase		Notes payable	Total
2020	$	90,412	$	72,930	$	163,342
2021		62,653		50,040		112,693
2022		-		104,156		104,156
2023		-		319,201		319,201
2024		-		48,373		48,373
Later years		-		591,574		591,574
Total borrowings	$	153,065	$	1,186,274	$	1,339,339