Note 6 - Securities (Tables)
|
6 Months Ended |
Jun. 30, 2023 |
|---|
| 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, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
8,883 |
|
|
$ |
- |
|
|
$ |
(1,210 |
) |
|
|
7,673 |
|
| U.S. treasury securities |
|
|
124 |
|
|
|
- |
|
|
|
- |
|
|
|
124 |
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
155,959 |
|
|
|
- |
|
|
|
(28,298 |
) |
|
|
127,661 |
|
| Municipal securities |
|
|
280,176 |
|
|
|
1 |
|
|
|
(48,574 |
) |
|
|
231,603 |
|
| Collateralized debt obligations |
|
|
2,173 |
|
|
|
- |
|
|
|
(1,098 |
) |
|
|
1,075 |
|
| Total securities available-for-sale |
|
$ |
447,315 |
|
|
$ |
1 |
|
|
$ |
(79,180 |
) |
|
$ |
368,136 |
|
| |
|
(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 |
|
|
| Investments Classified by Contractual Maturity Date [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
Available-for-sale |
|
| |
|
|
|
|
|
Estimated |
|
| |
|
Cost |
|
|
Fair |
|
| June 30, 2023 |
|
Basis |
|
|
Value |
|
| Due in one year or less |
|
$ |
814 |
|
|
$ |
811 |
|
| Due from one to five years |
|
|
6,673 |
|
|
|
5,912 |
|
| Due from five to ten years |
|
|
19,998 |
|
|
|
18,291 |
|
| Due over ten years |
|
|
263,871 |
|
|
|
215,461 |
|
| |
|
|
|
|
|
|
|
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
155,959 |
|
|
|
127,661 |
|
| Total |
|
$ |
447,315 |
|
|
$ |
368,136 |
|
|
| Schedule of Realized Gain (Loss) [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
June 30, |
|
|
June 30, |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
|
|
|
|
|
|
|
| Proceeds |
|
$ |
352 |
|
|
$ |
27,539 |
|
| Gross gains |
|
|
- |
|
|
|
289 |
|
| Gross losses |
|
|
(48 |
) |
|
|
(20 |
) |
| |
|
(Dollars in thousands) |
|
| |
|
June 30, |
|
|
June 30, |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
|
|
|
|
|
|
|
| Proceeds |
|
$ |
352 |
|
|
$ |
43,775 |
|
| Gross gains |
|
|
- |
|
|
|
692 |
|
| Gross losses |
|
|
(48 |
) |
|
|
(53 |
) |
|
| Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
Unrealized
gain/(loss) |
|
| Ending balance, March 31, 2022 |
|
$ |
(33,462 |
) |
| Current period change |
|
|
(24,319 |
) |
| Ending balance, June 30, 2022 |
|
$ |
(57,781 |
) |
| |
|
(Dollars in thousands) |
|
| |
|
Unrealized
gain/(loss) |
|
| Ending balance, March 31, 2023 |
|
$ |
(55,895 |
) |
| Current period change |
|
|
(4,290 |
) |
| Ending balance, June 30, 2023 |
|
$ |
(60,185 |
) |
| |
|
(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 |
) |
| |
|
(Dollars in thousands) |
|
| |
|
Unrealized
gain/(loss) |
|
| Ending balance, December 31, 2022 |
|
$ |
(64,300 |
) |
| Current period change |
|
|
4,115 |
|
| Ending balance, June 30, 2023 |
|
$ |
(60,185 |
) |
|
| Unrealized Gain (Loss) on Investments [Table Text Block] |
| |
|
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, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
7,673 |
|
|
$ |
(1,210 |
) |
|
$ |
7,673 |
|
|
$ |
(1,210 |
) |
|
|
100.0 |
% |
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
3,063 |
|
|
|
(166 |
) |
|
|
124,598 |
|
|
|
(28,132 |
) |
|
|
127,661 |
|
|
|
(28,298 |
) |
|
|
100.0 |
% |
| Municipal securities |
|
|
14,099 |
|
|
|
(222 |
) |
|
|
216,964 |
|
|
|
(48,352 |
) |
|
|
231,063 |
|
|
|
(48,574 |
) |
|
|
99.8 |
% |
| Collateralized debt obligations |
|
|
- |
|
|
|
- |
|
|
|
1,075 |
|
|
|
(1,098 |
) |
|
|
1,075 |
|
|
|
(1,098 |
) |
|
|
100.0 |
% |
| Total temporarily impaired |
|
$ |
17,162 |
|
|
$ |
(388 |
) |
|
$ |
350,310 |
|
|
$ |
(78,792 |
) |
|
$ |
367,472 |
|
|
$ |
(79,180 |
) |
|
|
99.8 |
% |
| Number of securities |
|
|
|
|
|
|
27 |
|
|
|
|
|
|
|
420 |
|
|
|
|
|
|
|
447 |
|
|
|
|
|
| |
|
(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 |
|
|
|
|
|
|