FAIR VALUE (Tables)

6 Months Ended

Jun. 30, 2020

FAIR VALUE.

Schedule of assets and liabilities measured on a recurring basis

	June 30, 2020
			Fair Value Measurements Using:
			Quoted Prices
			In Active	Significant
			Markets for	Other		Significant
			Identical	Observable		Unobservable
	Carrying		Assets	Inputs		Inputs
(In thousands)	Value		(Level 1)	(Level 2)		(Level 3)
Financial assets:
Available for sale securities:
U.S. Treasury securities	$	49,999		$	49,999
State and municipal obligations		37,479			37,479
U.S. GSE residential mortgage-backed securities		77,777			77,777
U.S. GSE residential collateralized mortgage obligations		182,551			182,551
U.S. GSE commercial mortgage-backed securities		16,916			16,916
U.S. GSE commercial collateralized mortgage obligations		102,201			102,201
Other asset-backed securities		23,875			23,875
Corporate bonds		46,948			46,948
Total available for sale securities	$	537,746		$	537,746
Derivatives	$	62,940		$	62,940
Financial liabilities:
Derivatives	$	75,281		$	75,281

	December 31, 2019
			Fair Value Measurements Using:
			Quoted Prices
			In Active	Significant
			Markets for	Other		Significant
			Identical	Observable		Unobservable
	Carrying		Assets	Inputs		Inputs
(In thousands)	Value		(Level 1)	(Level 2)		(Level 3)
Financial assets:
Available for sale securities:
U.S. Treasury securities	$	50,822		$	50,822
U.S. GSE securities		4,995			4,995
State and municipal obligations		34,964			34,964
U.S. GSE residential mortgage-backed securities		84,691			84,691
U.S. GSE residential collateralized mortgage obligations		277,851			277,851
U.S. GSE commercial mortgage-backed securities		13,609			13,609
U.S. GSE commercial collateralized mortgage obligations		104,156			104,156
Other asset-backed securities		23,401			23,401
Corporate bonds		43,802			43,802
Total available for sale securities	$	638,291		$	638,291
Derivatives	$	15,437		$	15,437
Financial liabilities:
Derivatives	$	16,645		$	16,645

Schedule of assets measured at fair value on a non-recurring basis

	June 30, 2020
			Fair Value Measurements Using:
			Quoted Prices
			In Active	Significant
			Markets for	Other	Significant
			Identical	Observable	Unobservable
	Carrying		Assets	Inputs	Inputs
(In thousands)	Value		(Level 1)	(Level 2)	(Level 3)
Loans held for sale	$	10,000			$	10,000
Collateral dependent loans	$	4,884			$	4,884

	December 31, 2019
			Fair Value Measurements Using:
			Quoted Prices
			In Active	Significant
			Markets for	Other	Significant
			Identical	Observable	Unobservable
	Carrying		Assets	Inputs	Inputs
(In thousands)	Value		(Level 1)	(Level 2)	(Level 3)
Loans held for sale	$	12,643			$	12,643
Impaired loans	$	6,981			$	6,981

Schedule of estimated fair values and recorded carrying values of financial instruments

	June 30, 2020
			Fair Value Measurements Using:
					Significant
			Quoted Prices In		Other		Significant
			Active Markets for		Observable		Unobservable
	Carrying		Identical Assets		Inputs		Inputs		Total
(In thousands)	Amount		(Level 1)		(Level 2)		(Level 3)		Fair Value
Financial assets:
Cash and due from banks	$	67,633	$	67,633	$	—	$	—	$	67,633
Interest-bearing deposits with banks		422,148		422,148		—		—		422,148
Securities available for sale		537,746		—		537,746		—		537,746
Securities restricted		28,987		n/a		n/a		n/a		n/a
Securities held to maturity		111,307		—		115,745		—		115,745
Loans held for sale		10,000		—		—		10,000		10,000
Loans, net		4,577,427		—		—		4,628,121		4,628,121
Derivatives		62,940		—		62,940		—		62,940
Accrued interest receivable		15,367		—		1,854		13,513		15,367
Financial liabilities:
Certificates of deposit		297,999		—		301,613		—		301,613
Demand and other deposits		4,782,420		4,782,420		—		—		4,782,420
FHLB advances		340,000		—		351,543		—		351,543
Repurchase agreements		1,670		—		1,670		—		1,670
Subordinated debentures		78,990		—		88,035		—		88,035
Derivatives		75,281		—		75,281		—		75,281
Accrued interest payable		1,482		—		1,482		—		1,482

	December 31, 2019
			Fair Value Measurements Using:
					Significant
			Quoted Prices In		Other		Significant
			Active Markets for		Observable		Unobservable
	Carrying		Identical Assets		Inputs		Inputs		Total
(In thousands)	Amount		(Level 1)		(Level 2)		(Level 3)		Fair Value
Financial assets:
Cash and due from banks	$	77,693	$	77,693	$	—	$	—	$	77,693
Interest-bearing deposits with banks		39,501		39,501		—		—		39,501
Securities available for sale		638,291		—		638,291		—		638,291
Securities restricted		32,879		n/a		n/a		n/a		n/a
Securities held to maturity		133,638		—		135,027		—		135,027
Loans held for sale		12,643		—		—		12,643		12,643
Loans, net		3,647,499		—		—		3,685,770		3,685,770
Derivatives		15,437		—		15,437		—		15,437
Accrued interest receivable		10,908		—		2,181		8,727		10,908
Financial liabilities:
Certificates of deposit		307,977		—		308,660		—		308,660
Demand and other deposits		3,506,670		3,506,670		—		—		3,506,670
FHLB advances		435,000		195,000		239,622		—		434,622
Repurchase agreements		999		—		999		—		999
Subordinated debentures		78,920		—		81,010		—		81,010
Derivatives		16,645		—		16,645		—		16,645
Accrued interest payable		1,467		—		1,467		—		1,467