Note 9 - Fair Value Measurements (Tables)
|
6 Months Ended |
Jun. 30, 2025 |
|---|
| Notes Tables |
|
| Fair Value, Assets Measured on Recurring Basis [Table Text Block] |
| |
|
At June 30, 2025
|
|
| |
|
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
|
|
$ |
195,278 |
|
|
$ |
- |
|
|
$ |
195,278 |
|
|
$ |
- |
|
|
Agency commercial MBS
|
|
|
96,265 |
|
|
|
- |
|
|
|
96,265 |
|
|
|
- |
|
|
Securities of U.S. Government sponsored entities
|
|
|
301,903 |
|
|
|
- |
|
|
|
301,903 |
|
|
|
- |
|
|
Obligations of states and political subdivisions
|
|
|
60,835 |
|
|
|
- |
|
|
|
60,835 |
|
|
|
- |
|
|
Corporate securities
|
|
|
1,792,021 |
|
|
|
- |
|
|
|
1,792,021 |
|
|
|
- |
|
|
Collateralized loan obligations
|
|
|
780,147 |
|
|
|
- |
|
|
|
780,147 |
|
|
|
- |
|
|
Total debt securities available for sale
|
|
$ |
3,226,449 |
|
|
$ |
- |
|
|
$ |
3,226,449 |
|
|
$ |
- |
|
| |
|
At December 31, 2024
|
|
| |
|
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
|
|
$ |
211,060 |
|
|
$ |
- |
|
|
$ |
211,060 |
|
|
$ |
- |
|
|
Agency commercial MBS
|
|
|
6,966 |
|
|
|
- |
|
|
|
6,966 |
|
|
|
- |
|
|
Securities of U.S. Government sponsored entities
|
|
|
292,117 |
|
|
|
- |
|
|
|
292,117 |
|
|
|
- |
|
|
U.S. Treasury securities
|
|
|
4,955 |
|
|
|
4,955 |
|
|
|
- |
|
|
|
- |
|
|
Obligations of states and political subdivisions
|
|
|
62,186 |
|
|
|
- |
|
|
|
62,186 |
|
|
|
- |
|
|
Corporate securities
|
|
|
1,835,937 |
|
|
|
- |
|
|
|
1,835,937 |
|
|
|
- |
|
|
Collateralized loan obligations
|
|
|
982,589 |
|
|
|
- |
|
|
|
982,589 |
|
|
|
- |
|
|
Total debt securities available for sale
|
|
$ |
3,395,810 |
|
|
$ |
4,955 |
|
|
$ |
3,390,855 |
|
|
$ |
- |
|
|
| Fair Value Measurements, Nonrecurring [Table Text Block] |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Six
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Months Ended
|
|
| |
|
At June 30, 2025
|
|
|
June 30, 2025
|
|
| |
|
Carrying Value
|
|
|
Level 1
|
|
|
Level 2
|
|
|
Level 3
|
|
|
Total Losses
|
|
| |
|
(In thousands)
|
|
|
Loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial
|
|
$ |
1,340 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
1,340 |
|
|
$ |
- |
|
|
Total assets measured at fair value on a nonrecurring basis
|
|
$ |
1,340 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
1,340 |
|
|
$ |
- |
|
|
| Fair Value, by Balance Sheet Grouping [Table Text Block] |
| |
|
At June 30, 2025
|
|
| |
|
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
|
|
$ |
626,437 |
|
|
$ |
626,437 |
|
|
$ |
626,437 |
|
|
$ |
- |
|
|
$ |
- |
|
|
Debt securities held to maturity
|
|
|
834,439 |
|
|
|
817,719 |
|
|
|
- |
|
|
|
817,719 |
|
|
|
- |
|
|
Loans
|
|
|
734,477 |
|
|
|
733,349 |
|
|
|
- |
|
|
|
- |
|
|
|
733,349 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deposits
|
|
$ |
4,747,535 |
|
|
$ |
4,745,041 |
|
|
$ |
- |
|
|
$ |
4,674,589 |
|
|
$ |
70,452 |
|
|
Securities sold under repurchase agreements
|
|
|
101,210 |
|
|
|
101,210 |
|
|
|
- |
|
|
|
101,210 |
|
|
|
- |
|
| |
|
At December 31, 2024
|
|
| |
|
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
|
|
$ |
601,494 |
|
|
$ |
601,494 |
|
|
$ |
601,494 |
|
|
$ |
- |
|
|
$ |
- |
|
|
Debt securities held to maturity
|
|
|
844,634 |
|
|
|
807,838 |
|
|
|
- |
|
|
|
807,838 |
|
|
|
- |
|
|
Loans
|
|
|
805,520 |
|
|
|
795,849 |
|
|
|
- |
|
|
|
- |
|
|
|
795,849 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deposits
|
|
$ |
5,011,850 |
|
|
$ |
5,007,644 |
|
|
$ |
- |
|
|
$ |
4,929,612 |
|
|
$ |
78,032 |
|
|
Securities sold under repurchase agreements
|
|
|
120,322 |
|
|
|
120,322 |
|
|
|
- |
|
|
|
120,322 |
|
|
|
- |
|
|