Note 4 - Securities (Tables)
|
3 Months Ended |
Mar. 31, 2024 |
|---|
| Notes Tables |
|
| Debt Securities, Available-for-Sale [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
|
|
|
|
Gross |
|
|
Gross |
|
|
Estimated |
|
| |
|
Cost |
|
|
Unrealized |
|
|
Unrealized |
|
|
Fair |
|
| |
|
Basis |
|
|
Gains |
|
|
Losses |
|
|
Value |
|
| March 31, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
8,884 |
|
|
$ |
- |
|
|
$ |
(1,018 |
) |
|
$ |
7,866 |
|
| Collateralized mortgage obligations and |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| residential mortgage-backed securities |
|
|
145,077 |
|
|
|
- |
|
|
|
(27,180 |
) |
|
|
117,897 |
|
| Municipal securities |
|
|
264,190 |
|
|
|
2 |
|
|
|
(45,164 |
) |
|
|
219,028 |
|
| Collateralized debt obligations |
|
|
2,166 |
|
|
|
- |
|
|
|
(724 |
) |
|
|
1,442 |
|
| Total securities available-for-sale |
|
$ |
420,317 |
|
|
$ |
2 |
|
|
$ |
(74,086 |
) |
|
$ |
346,233 |
|
| |
|
(Dollars in thousands) |
|
| |
|
|
|
|
|
Gross |
|
|
Gross |
|
|
Estimated |
|
| |
|
Cost |
|
|
Unrealized |
|
|
Unrealized |
|
|
Fair |
|
| |
|
Basis |
|
|
Gains |
|
|
Losses |
|
|
Value |
|
| December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
8,884 |
|
|
$ |
- |
|
|
$ |
(1,001 |
) |
|
$ |
7,883 |
|
| Collateralized mortgage obligations and |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| residential mortgage-backed securities |
|
|
149,410 |
|
|
|
- |
|
|
|
(25,946 |
) |
|
|
123,464 |
|
| Municipal securities |
|
|
278,813 |
|
|
|
60 |
|
|
|
(40,203 |
) |
|
|
238,670 |
|
| Collateralized debt obligations |
|
|
2,170 |
|
|
|
- |
|
|
|
(813 |
) |
|
|
1,357 |
|
| Total securities available-for-sale |
|
$ |
439,277 |
|
|
$ |
60 |
|
|
$ |
(67,963 |
) |
|
$ |
371,374 |
|
|
| Investments Classified by Contractual Maturity Date [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
Available-for-sale |
|
| |
|
|
|
|
|
Estimated |
|
| |
|
Cost |
|
|
Fair |
|
| March 31, 2024 |
|
Basis |
|
|
Value |
|
| Due in one year or less |
|
$ |
250 |
|
|
$ |
248 |
|
| Due from one to five years |
|
|
9,904 |
|
|
|
8,775 |
|
| Due from five to ten years |
|
|
13,933 |
|
|
|
12,492 |
|
| Due over ten years |
|
|
251,153 |
|
|
|
206,821 |
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
145,077 |
|
|
|
117,897 |
|
| Total |
|
$ |
420,317 |
|
|
$ |
346,233 |
|
|
| Schedule of Realized Gain (Loss) [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
March 31, |
|
|
March 31, |
|
| |
|
2024 |
|
|
2023 |
|
| |
|
|
|
|
|
|
|
|
| Proceeds |
|
$ |
14,697 |
|
|
$ |
- |
|
| Gross gains |
|
|
- |
|
|
|
- |
|
| Gross losses |
|
|
(531 |
) |
|
|
- |
|
|
| Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
Unrealized
gain/(loss) |
|
| Ending balance, December 31, 2022 |
|
$ |
(64,300 |
) |
| Current period change |
|
|
8,405 |
|
| Ending balance, March 31, 2023 |
|
$ |
(55,895 |
) |
| |
|
(Dollars in thousands) |
|
| |
|
Unrealized
gain/(loss) |
|
| Ending balance, December 31, 2023 |
|
$ |
(51,613 |
) |
| Current period change |
|
|
(4,700 |
) |
| Ending balance, March 31, 2024 |
|
$ |
(56,313 |
) |
|
| 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 |
|
| March 31, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
7,866 |
|
|
$ |
(1,018 |
) |
|
$ |
7,866 |
|
|
$ |
(1,018 |
) |
|
|
100.0 |
% |
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
- |
|
|
|
- |
|
|
|
117,897 |
|
|
|
(27,180 |
) |
|
|
117,897 |
|
|
|
(27,180 |
) |
|
|
100.0 |
% |
| Municipal securities |
|
|
- |
|
|
|
- |
|
|
|
218,196 |
|
|
|
(45,164 |
) |
|
|
218,196 |
|
|
|
(45,164 |
) |
|
|
99.6 |
% |
| Collateralized debt obligations |
|
|
- |
|
|
|
- |
|
|
|
1,442 |
|
|
|
(724 |
) |
|
|
1,442 |
|
|
|
(724 |
) |
|
|
100.0 |
% |
| Total temporarily impaired |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
345,401 |
|
|
$ |
(74,086 |
) |
|
$ |
345,401 |
|
|
$ |
(74,086 |
) |
|
|
99.8 |
% |
| Number of securities |
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
420 |
|
|
|
|
|
|
|
420 |
|
|
|
|
|
| |
|
(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, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
7,883 |
|
|
$ |
(1,001 |
) |
|
$ |
7,883 |
|
|
$ |
(1,001 |
) |
|
|
100.0 |
% |
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
- |
|
|
|
- |
|
|
|
123,464 |
|
|
|
(25,946 |
) |
|
|
123,464 |
|
|
|
(25,946 |
) |
|
|
100.0 |
% |
| Municipal securities |
|
|
- |
|
|
|
- |
|
|
|
229,595 |
|
|
|
(40,203 |
) |
|
|
229,595 |
|
|
|
(40,203 |
) |
|
|
96.2 |
% |
| Collateralized debt obligations |
|
|
- |
|
|
|
- |
|
|
|
1,357 |
|
|
|
(813 |
) |
|
|
1,357 |
|
|
|
(813 |
) |
|
|
100.0 |
% |
| Total temporarily impaired |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
362,299 |
|
|
$ |
(67,963 |
) |
|
$ |
362,299 |
|
|
$ |
(67,963 |
) |
|
|
97.6 |
% |
| Number of securities |
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
434 |
|
|
|
|
|
|
|
434 |
|
|
|
|
|
|