Note 3 - Securities (Tables)
|
12 Months Ended |
Dec. 31, 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 |
|
| December 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
8,883 |
|
|
$ |
- |
|
|
$ |
(1,258 |
) |
|
|
7,625 |
|
| U.S. treasury securities |
|
|
389 |
|
|
|
- |
|
|
|
- |
|
|
|
389 |
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
163,000 |
|
|
|
- |
|
|
|
(28,884 |
) |
|
|
134,116 |
|
| Municipal securities |
|
|
281,032 |
|
|
|
7 |
|
|
|
(53,321 |
) |
|
|
227,718 |
|
| Collateralized debt obligations |
|
|
2,173 |
|
|
|
- |
|
|
|
(1,125 |
) |
|
|
1,048 |
|
| Total securities available-for-sale |
|
$ |
455,477 |
|
|
$ |
7 |
|
|
$ |
(84,588 |
) |
|
$ |
370,896 |
|
| |
|
(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 |
|
| December 31, 2022 |
|
Basis |
|
|
Value |
|
| Due in one year or less |
|
$ |
105 |
|
|
$ |
105 |
|
| Due from one to five years |
|
|
4,868 |
|
|
|
4,493 |
|
| Due from five to ten years |
|
|
21,099 |
|
|
|
18,993 |
|
| Due over ten years |
|
|
266,405 |
|
|
|
213,189 |
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
163,000 |
|
|
|
134,116 |
|
| Total |
|
$ |
455,477 |
|
|
$ |
370,896 |
|
|
| Schedule of Realized Gain (Loss) [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
December 31, |
|
|
December 31, |
|
| |
|
2022 |
|
|
2021 |
|
| |
|
|
|
|
|
|
|
|
| Proceeds |
|
$ |
53,953 |
|
|
$ |
43,756 |
|
| Gross gains |
|
|
733 |
|
|
|
2,010 |
|
| Gross losses |
|
|
(71 |
) |
|
|
(23 |
) |
|
| 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 |
|
|
(6,165 |
) |
| Ending balance, December 31, 2021 |
|
$ |
4,276 |
|
| |
|
(Dollars in thousands) |
|
| |
|
Unrealized
gain/(loss) |
|
| Ending balance, December 31, 2021 |
|
$ |
4,276 |
|
| Current period change |
|
|
(68,576 |
) |
| Ending balance, December 31, 2022 |
|
$ |
(64,300 |
) |
|
| 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 |
|
| December 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
7,625 |
|
|
$ |
(1,258 |
) |
|
$ |
7,625 |
|
|
$ |
(1,258 |
) |
|
|
100.0 |
% |
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
32,700 |
|
|
|
(4,955 |
) |
|
|
101,416 |
|
|
|
(23,929 |
) |
|
|
134,116 |
|
|
|
(28,884 |
) |
|
|
100.0 |
% |
| Municipal securities |
|
|
171,581 |
|
|
|
(35,935 |
) |
|
|
52,961 |
|
|
|
(17,386 |
) |
|
|
224,542 |
|
|
|
(53,321 |
) |
|
|
98.6 |
% |
| Collateralized debt obligations |
|
|
- |
|
|
|
- |
|
|
|
1,048 |
|
|
|
(1,125 |
) |
|
|
1,048 |
|
|
|
(1,125 |
) |
|
|
100.0 |
% |
| Total temporarily impaired |
|
$ |
204,281 |
|
|
$ |
(40,890 |
) |
|
$ |
163,050 |
|
|
$ |
(43,698 |
) |
|
$ |
367,331 |
|
|
$ |
(84,588 |
) |
|
|
99.0 |
% |
| Number of securities |
|
|
|
|
|
|
311 |
|
|
|
|
|
|
|
135 |
|
|
|
|
|
|
|
446 |
|
|
|
|
|
| |
|
(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 |
|
|
|
|
|
|