Note 4 - Securities (Tables)
|
6 Months Ended |
Jun. 30, 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 |
|
| June 30, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
8,884 |
|
|
$ |
- |
|
|
$ |
(996 |
) |
|
$ |
7,888 |
|
| U.S. treasury securities |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
142,094 |
|
|
|
- |
|
|
|
(27,313 |
) |
|
|
114,781 |
|
| Municipal securities |
|
|
263,866 |
|
|
|
- |
|
|
|
(48,321 |
) |
|
|
215,545 |
|
| Collateralized debt obligations |
|
|
2,163 |
|
|
|
- |
|
|
|
(792 |
) |
|
|
1,371 |
|
| Total securities available-for-sale |
|
$ |
417,007 |
|
|
$ |
- |
|
|
$ |
(77,422 |
) |
|
$ |
339,585 |
|
| |
|
(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 |
|
| U.S. treasury securities |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| 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 |
|
| June 30, 2024 |
|
Basis |
|
|
Value |
|
| Due in one year or less |
|
$ |
250 |
|
|
$ |
249 |
|
| Due from one to five years |
|
|
10,309 |
|
|
|
9,151 |
|
| Due from five to ten years |
|
|
21,812 |
|
|
|
19,283 |
|
| Due over ten years |
|
|
242,542 |
|
|
|
196,121 |
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
142,094 |
|
|
|
114,781 |
|
| Total |
|
$ |
417,007 |
|
|
$ |
339,585 |
|
|
| Schedule of Realized Gain (Loss) [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
June 30, |
|
|
June 30, |
|
| |
|
2024 |
|
|
2023 |
|
| |
|
|
|
|
|
|
|
|
| Proceeds |
|
$ |
- |
|
|
$ |
352 |
|
| Gross gains |
|
|
- |
|
|
|
- |
|
| Gross losses |
|
|
- |
|
|
|
(48 |
) |
| |
|
(Dollars in thousands) |
|
| |
|
June 30, |
|
|
June 30, |
|
| |
|
2024 |
|
|
2023 |
|
| |
|
|
|
|
|
|
|
|
| Proceeds |
|
$ |
14,697 |
|
|
$ |
352 |
|
| Gross gains |
|
|
- |
|
|
|
- |
|
| Gross losses |
|
|
(531 |
) |
|
|
(48 |
) |
|
| Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
Unrealized
loss |
|
| Ending balance, March 31, 2023 |
|
$ |
(55,895 |
) |
| Current period change |
|
|
(4,290 |
) |
| Ending balance, June 30, 2023 |
|
$ |
(60,185 |
) |
| |
|
(Dollars in thousands) |
|
| |
|
Unrealized
loss |
|
| Ending balance, March 31, 2024 |
|
$ |
(56,313 |
) |
| Current period change |
|
|
(2,626 |
) |
| Ending balance, June 30, 2024 |
|
$ |
(58,939 |
) |
| |
|
(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 |
) |
| |
|
(Dollars in thousands) |
|
| |
|
Unrealized
loss |
|
| Ending balance, December 31, 2023 |
|
$ |
(51,613 |
) |
| Current period change |
|
|
(7,326 |
) |
| Ending balance, June 30, 2024 |
|
$ |
(58,939 |
) |
|
| 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, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
7,888 |
|
|
$ |
(996 |
) |
|
$ |
7,888 |
|
|
$ |
(996 |
) |
|
|
100.0 |
% |
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
- |
|
|
|
- |
|
|
|
114,781 |
|
|
|
(27,313 |
) |
|
|
114,781 |
|
|
|
(27,313 |
) |
|
|
100.0 |
% |
| Municipal securities |
|
|
- |
|
|
|
- |
|
|
|
215,545 |
|
|
|
(48,321 |
) |
|
|
215,545 |
|
|
|
(48,321 |
) |
|
|
100.0 |
% |
| Collateralized debt obligations |
|
|
- |
|
|
|
- |
|
|
|
1,371 |
|
|
|
(792 |
) |
|
|
1,371 |
|
|
|
(792 |
) |
|
|
100.0 |
% |
| Total temporarily impaired |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
339,585 |
|
|
$ |
(77,422 |
) |
|
$ |
339,585 |
|
|
$ |
(77,422 |
) |
|
|
100.0 |
% |
| Number of securities |
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
418 |
|
|
|
|
|
|
|
418 |
|
|
|
|
|
| |
|
(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 |
|
|
|
|
|
|