Note 4 - Securities (Tables)
|
6 Months Ended |
Jun. 30, 2022 |
|---|
| Notes Tables |
|
| Debt Securities, Available-for-Sale [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
|
|
|
|
Gross |
|
|
Gross |
|
|
Estimated |
|
| |
|
Cost |
|
|
Unrealized |
|
|
Unrealized |
|
|
Fair |
|
| |
|
Basis |
|
|
Gains |
|
|
Losses |
|
|
Value |
|
| June 30, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
8,883 |
|
|
$ |
- |
|
|
$ |
(949 |
) |
|
$ |
7,934 |
|
| U.S. treasury securities |
|
|
594 |
|
|
|
- |
|
|
|
- |
|
|
|
594 |
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
171,286 |
|
|
|
2 |
|
|
|
(21,227 |
) |
|
|
150,061 |
|
| Municipal securities |
|
|
290,675 |
|
|
|
20 |
|
|
|
(49,848 |
) |
|
|
240,847 |
|
| Collateralized debt obligations |
|
|
2,173 |
|
|
|
- |
|
|
|
(1,143 |
) |
|
|
1,030 |
|
| Total securities available-for-sale |
|
$ |
473,611 |
|
|
$ |
22 |
|
|
$ |
(73,167 |
) |
|
$ |
400,466 |
|
| |
|
(Dollars in thousands) |
|
| |
|
|
|
|
|
Gross |
|
|
Gross |
|
|
Estimated |
|
| |
|
Cost |
|
|
Unrealized |
|
|
Unrealized |
|
|
Fair |
|
| |
|
Basis |
|
|
Gains |
|
|
Losses |
|
|
Value |
|
| December 31, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
8,883 |
|
|
$ |
- |
|
|
$ |
(214 |
) |
|
$ |
8,669 |
|
| U.S. treasury securities |
|
|
400 |
|
|
|
- |
|
|
|
- |
|
|
|
400 |
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
187,279 |
|
|
|
961 |
|
|
|
(3,539 |
) |
|
|
184,701 |
|
| Municipal securities |
|
|
322,750 |
|
|
|
9,904 |
|
|
|
(527 |
) |
|
|
332,127 |
|
| Collateralized debt obligations |
|
|
2,173 |
|
|
|
- |
|
|
|
(1,181 |
) |
|
|
992 |
|
| Total securities available-for-sale |
|
$ |
521,485 |
|
|
$ |
10,865 |
|
|
$ |
(5,461 |
) |
|
$ |
526,889 |
|
|
| Investments Classified by Contractual Maturity Date [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
Available-for-sale |
|
| |
|
|
|
|
|
Estimated |
|
| |
|
Cost |
|
|
Fair |
|
| June 30, 2022 |
|
Basis |
|
|
Value |
|
| Due in one year or less |
|
$ |
494 |
|
|
$ |
495 |
|
| Due from one to five years |
|
|
1,954 |
|
|
|
1,956 |
|
| Due from five to ten years |
|
|
26,832 |
|
|
|
24,869 |
|
| Due over ten years |
|
|
273,045 |
|
|
|
223,085 |
|
| |
|
|
|
|
|
|
|
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
171,286 |
|
|
|
150,061 |
|
| Total |
|
$ |
473,611 |
|
|
$ |
400,466 |
|
|
| Schedule of Realized Gain (Loss) [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
June 30, |
|
|
June 30, |
|
| |
|
2022 |
|
|
2021 |
|
| |
|
|
|
|
|
|
|
|
| Proceeds |
|
$ |
27,539 |
|
|
$ |
12,386 |
|
| Gross gains |
|
|
295 |
|
|
|
289 |
|
| Gross losses |
|
|
(37 |
) |
|
|
(20 |
) |
| |
|
(Dollars in thousands) |
|
| |
|
June 30, |
|
|
June 30, |
|
| |
|
2022 |
|
|
2021 |
|
| |
|
|
|
|
|
|
|
|
| Proceeds |
|
$ |
43,775 |
|
|
$ |
19,290 |
|
| Gross gains |
|
|
692 |
|
|
|
706 |
|
| Gross losses |
|
|
(53 |
) |
|
|
(20 |
) |
|
| Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
Unrealized
gain/(loss) |
|
| Ending balance, December 31, 2021 |
|
$ |
4,276 |
|
| Current period change |
|
|
(62,057 |
) |
| Ending balance, June 30, 2022 |
|
$ |
(57,781 |
) |
|
| Unrealized Gain (Loss) on Investments [Table Text Block] |
| |
|
(Dollars in thousands) |
|
|
|
|
|
| |
|
Less than 12 months |
|
|
12 months or longer |
|
|
Total |
|
|
|
|
|
| |
|
Estimated |
|
|
|
|
|
|
Estimated |
|
|
|
|
|
|
Estimated |
|
|
|
|
|
|
Percentage of |
|
| |
|
Fair |
|
|
Unrealized |
|
|
Fair |
|
|
Unrealized |
|
|
Fair |
|
|
Unrealized |
|
|
Total Portfolio |
|
| |
|
Value |
|
|
Losses |
|
|
Value |
|
|
Losses |
|
|
Value |
|
|
Losses |
|
|
in Loss Position |
|
| June 30, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
7,934 |
|
|
$ |
(949 |
) |
|
$ |
7,934 |
|
|
$ |
(949 |
) |
|
|
100.0 |
% |
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
91,051 |
|
|
|
(11,037 |
) |
|
|
58,348 |
|
|
|
(10,190 |
) |
|
|
149,399 |
|
|
|
(21,227 |
) |
|
|
99.6 |
% |
| Municipal securities |
|
|
230,567 |
|
|
|
(48,029 |
) |
|
|
6,170 |
|
|
|
(1,819 |
) |
|
|
236,737 |
|
|
|
(49,848 |
) |
|
|
98.3 |
% |
| Collateralized debt obligations |
|
|
- |
|
|
|
- |
|
|
|
1,030 |
|
|
|
(1,143 |
) |
|
|
1,030 |
|
|
|
(1,143 |
) |
|
|
100.0 |
% |
| Total temporarily impaired |
|
$ |
321,618 |
|
|
$ |
(59,066 |
) |
|
$ |
73,482 |
|
|
$ |
(14,101 |
) |
|
$ |
395,100 |
|
|
$ |
(73,167 |
) |
|
|
98.7 |
% |
| Number of securities |
|
|
|
|
|
|
415 |
|
|
|
|
|
|
|
41 |
|
|
|
|
|
|
|
456 |
|
|
|
|
|
| |
|
(Dollars in thousands) |
|
|
|
|
|
| |
|
Less than 12 months |
|
|
12 months or longer |
|
|
Total |
|
|
|
|
|
| |
|
Estimated |
|
|
|
|
|
|
Estimated |
|
|
|
|
|
|
Estimated |
|
|
|
|
|
|
Percentage of |
|
| |
|
Fair |
|
|
Unrealized |
|
|
Fair |
|
|
Unrealized |
|
|
Fair |
|
|
Unrealized |
|
|
Total Portfolio |
|
| |
|
Value |
|
|
Losses |
|
|
Value |
|
|
Losses |
|
|
Value |
|
|
Losses |
|
|
in Loss Position |
|
| December 31, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
8,669 |
|
|
$ |
(214 |
) |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
8,669 |
|
|
$ |
(214 |
) |
|
|
100.0 |
% |
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
126,373 |
|
|
|
(3,175 |
) |
|
|
8,109 |
|
|
|
(364 |
) |
|
|
134,482 |
|
|
|
(3,539 |
) |
|
|
72.8 |
% |
| Municipal securities |
|
|
70,309 |
|
|
|
(527 |
) |
|
|
- |
|
|
|
- |
|
|
|
70,309 |
|
|
|
(527 |
) |
|
|
21.2 |
% |
| Collateralized debt obligations |
|
|
- |
|
|
|
- |
|
|
|
992 |
|
|
|
(1,181 |
) |
|
|
992 |
|
|
|
(1,181 |
) |
|
|
100.0 |
% |
| Total temporarily impaired |
|
$ |
205,351 |
|
|
$ |
(3,916 |
) |
|
$ |
9,101 |
|
|
$ |
(1,545 |
) |
|
$ |
214,452 |
|
|
$ |
(5,461 |
) |
|
|
40.7 |
% |
| Number of securities |
|
|
|
|
|
|
133 |
|
|
|
|
|
|
|
5 |
|
|
|
|
|
|
|
138 |
|
|
|
|
|
|