Note 3 - Securities (Tables)
|
9 Months Ended |
Sep. 30, 2021 |
|---|
| Notes Tables |
|
| Debt Securities, Available-for-sale [Table Text Block] |
| (Dollars in thousands) |
|
| |
|
|
|
|
|
Gross |
|
|
Gross |
|
|
Estimated |
|
| |
|
Cost |
|
|
Unrealized |
|
|
Unrealized |
|
|
Fair |
|
| |
|
Basis |
|
|
Gains |
|
|
Losses |
|
|
Value |
|
| September 30, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
|
10,883 |
|
|
|
8 |
|
|
|
(130 |
) |
|
|
10,761 |
|
| U.S. treasury securities |
|
|
401 |
|
|
|
- |
|
|
|
- |
|
|
|
401 |
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
199,749 |
|
|
|
1,559 |
|
|
|
(2,823 |
) |
|
|
198,485 |
|
| Municipal securities |
|
|
314,511 |
|
|
|
8,496 |
|
|
|
(2,655 |
) |
|
|
320,352 |
|
| Collateralized debt obligations |
|
|
2,173 |
|
|
|
- |
|
|
|
(1,162 |
) |
|
|
1,011 |
|
| Total securities available-for-sale |
|
$ |
527,717 |
|
|
$ |
10,063 |
|
|
$ |
(6,770 |
) |
|
$ |
531,010 |
|
| (Dollars in thousands) |
|
| |
|
|
|
|
|
Gross |
|
|
Gross |
|
|
Estimated |
|
| |
|
Cost |
|
|
Unrealized |
|
|
Unrealized |
|
|
Fair |
|
| |
|
Basis |
|
|
Gains |
|
|
Losses |
|
|
Value |
|
| December 31, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Money market fund |
|
$ |
52,941 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
52,941 |
|
| U.S. government sponsored entities |
|
|
7,881 |
|
|
|
3 |
|
|
|
(24 |
) |
|
|
7,860 |
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
151,355 |
|
|
|
3,417 |
|
|
|
(36 |
) |
|
|
154,736 |
|
| Municipal securities |
|
|
183,103 |
|
|
|
11,102 |
|
|
|
(2 |
) |
|
|
194,203 |
|
| Collateralized debt obligations |
|
|
2,182 |
|
|
|
- |
|
|
|
(1,253 |
) |
|
|
929 |
|
| Total securities available-for-sale |
|
$ |
397,462 |
|
|
$ |
14,522 |
|
|
$ |
(1,315 |
) |
|
$ |
410,669 |
|
|
| Investments Classified by Contractual Maturity Date [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
Available-for-sale |
|
| |
|
Estimated |
|
|
|
|
|
| |
|
Fair |
|
|
Tax-Equivalent |
|
| September 30, 2021 |
|
Value |
|
|
Yield (%) |
|
| Due in one year or less |
|
$ |
401 |
|
|
|
0.63 |
|
| Due from one to five years |
|
|
3,817 |
|
|
|
4.39 |
|
| Due from five to ten years |
|
|
28,638 |
|
|
|
2.63 |
|
| Due over ten years |
|
|
299,669 |
|
|
|
2.91 |
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
198,485 |
|
|
|
1.62 |
|
| Total |
|
$ |
531,010 |
|
|
|
2.42 |
|
|
| Schedule of Realized Gain (Loss) [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
September 30, |
|
|
September 30, |
|
| |
|
2021 |
|
|
2020 |
|
| |
|
|
|
|
|
|
|
|
| Proceeds |
|
$ |
9,275 |
|
|
$ |
4,144 |
|
| Gross gains |
|
|
591 |
|
|
|
197 |
|
| Gross losses |
|
|
(1 |
) |
|
|
- |
|
| |
|
(Dollars in thousands) |
|
| |
|
September 30, |
|
|
September 30, |
|
| |
|
2021 |
|
|
2020 |
|
| |
|
|
|
|
|
|
|
|
| Proceeds |
|
$ |
28,565 |
|
|
$ |
39,242 |
|
| Gross gains |
|
|
1,297 |
|
|
|
1,433 |
|
| Gross losses |
|
|
(21 |
) |
|
|
(59 |
) |
|
| Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
Unrealized
gain/(loss) |
|
| Ending balance, December 31, 2020 |
|
$ |
10,441 |
|
| Current period change |
|
|
(7,833 |
) |
| Ending balance, September 30, 2021 |
|
$ |
2,608 |
|
|
| Unrealized Gain (Loss) on Investments [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
Less than 12 months |
|
|
12 months or longer |
|
|
Total |
|
| |
|
Estimated |
|
|
|
|
|
|
Estimated |
|
|
|
|
|
|
Estimated |
|
|
|
|
|
| |
|
Fair |
|
|
Unrealized |
|
|
Fair |
|
|
Unrealized |
|
|
Fair |
|
|
Unrealized |
|
| |
|
Value |
|
|
Losses |
|
|
Value |
|
|
Losses |
|
|
Value |
|
|
Losses |
|
| September 30, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
8,753 |
|
|
$ |
(130 |
) |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
8,753 |
|
|
$ |
(130 |
) |
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
133,551 |
|
|
|
(2,693 |
) |
|
|
2,740 |
|
|
|
(130 |
) |
|
|
136,291 |
|
|
|
(2,823 |
) |
| Municipal securities |
|
|
133,340 |
|
|
|
(2,655 |
) |
|
|
- |
|
|
|
- |
|
|
|
133,340 |
|
|
|
(2,655 |
) |
| Collateralized debt obligations |
|
|
- |
|
|
|
- |
|
|
|
1,011 |
|
|
|
(1,162 |
) |
|
|
1,011 |
|
|
|
(1,162 |
) |
| Total temporarily impaired |
|
$ |
275,644 |
|
|
$ |
(5,478 |
) |
|
$ |
3,751 |
|
|
$ |
(1,292 |
) |
|
$ |
279,395 |
|
|
$ |
(6,770 |
) |
| Number of securities |
|
|
|
|
|
|
211 |
|
|
|
|
|
|
|
3 |
|
|
|
|
|
|
|
214 |
|
| |
|
(Dollars in thousands) |
|
| |
|
Less than 12 months |
|
|
12 months or longer |
|
|
Total |
|
| |
|
Estimated |
|
|
|
|
|
|
Estimated |
|
|
|
|
|
|
Estimated |
|
|
|
|
|
| |
|
Fair |
|
|
Unrealized |
|
|
Fair |
|
|
Unrealized |
|
|
Fair |
|
|
Unrealized |
|
| |
|
Value |
|
|
Losses |
|
|
Value |
|
|
Losses |
|
|
Value |
|
|
Losses |
|
| December 31, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
4,975 |
|
|
$ |
(24 |
) |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
4,975 |
|
|
$ |
(24 |
) |
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
11,953 |
|
|
|
(36 |
) |
|
|
- |
|
|
|
- |
|
|
|
11,953 |
|
|
|
(36 |
) |
| Municipal securities |
|
|
1,864 |
|
|
|
(2 |
) |
|
|
- |
|
|
|
- |
|
|
|
1,864 |
|
|
|
(2 |
) |
| Collateralized debt obligations |
|
|
- |
|
|
|
- |
|
|
|
929 |
|
|
|
(1,253 |
) |
|
|
929 |
|
|
|
(1,253 |
) |
| Total temporarily impaired |
|
$ |
18,792 |
|
|
$ |
(62 |
) |
|
$ |
929 |
|
|
$ |
(1,253 |
) |
|
$ |
19,721 |
|
|
$ |
(1,315 |
) |
| Number of securities |
|
|
|
|
|
|
8 |
|
|
|
|
|
|
|
2 |
|
|
|
|
|
|
|
10 |
|
|