Note 4 - Securities (Tables)
|
9 Months Ended |
Sep. 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 |
|
| September 30, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
8,884 |
|
|
$ |
- |
|
|
$ |
(716 |
) |
|
$ |
8,168 |
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
138,909 |
|
|
|
- |
|
|
|
(22,362 |
) |
|
|
116,547 |
|
| Municipal securities |
|
|
263,540 |
|
|
|
- |
|
|
|
(39,668 |
) |
|
|
223,872 |
|
| Collateralized debt obligations |
|
|
2,159 |
|
|
|
- |
|
|
|
(719 |
) |
|
|
1,440 |
|
| Total securities available-for-sale |
|
$ |
413,492 |
|
|
$ |
- |
|
|
$ |
(63,465 |
) |
|
$ |
350,027 |
|
| |
|
(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 |
|
| September 30, 2024 |
|
Basis |
|
|
Value |
|
| Due in one year or less |
|
$ |
250 |
|
|
$ |
250 |
|
| Due from one to five years |
|
|
10,904 |
|
|
|
10,017 |
|
| Due from five to ten years |
|
|
26,534 |
|
|
|
24,185 |
|
| Due over ten years |
|
|
236,895 |
|
|
|
199,028 |
|
| |
|
|
|
|
|
|
|
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
138,909 |
|
|
|
116,547 |
|
| Total |
|
$ |
413,492 |
|
|
$ |
350,027 |
|
|
| Schedule of Realized Gain (Loss) [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
September 30, |
|
|
September 30, |
|
| |
|
2024 |
|
|
2023 |
|
| |
|
|
|
|
|
|
|
|
| Proceeds |
|
$ |
- |
|
|
$ |
124 |
|
| Gross gains |
|
|
- |
|
|
|
- |
|
| Gross losses |
|
|
- |
|
|
|
- |
|
| |
|
(Dollars in thousands) |
|
| |
|
September 30, |
|
|
September 30, |
|
| |
|
2024 |
|
|
2023 |
|
| |
|
|
|
|
|
|
|
|
| Proceeds |
|
$ |
14,698 |
|
|
$ |
476 |
|
| Gross gains |
|
|
- |
|
|
|
- |
|
| Gross losses |
|
|
(531 |
) |
|
|
(48 |
) |
|
| Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
Unrealized
loss |
|
| Ending balance, June 30, 2023 |
|
$ |
(60,185 |
) |
| Period change |
|
|
(18,663 |
) |
| Ending balance, September 30, 2023 |
|
$ |
(78,848 |
) |
| |
|
(Dollars in thousands) |
|
| |
|
Unrealized
gain (loss) |
|
| Ending balance, June 30, 2024 |
|
$ |
(58,939 |
) |
| Current period change |
|
|
10,698 |
|
| Ending balance, September 30, 2024 |
|
$ |
(48,241 |
) |
| |
|
(Dollars in thousands) |
|
| |
|
Unrealized
loss |
|
| Ending balance, December 31, 2022 |
|
$ |
(64,300 |
) |
| Period change |
|
|
(14,548 |
) |
| Ending balance, September 30, 2023 |
|
$ |
(78,848 |
) |
| |
|
(Dollars in thousands) |
|
| |
|
Unrealized
gain (loss) |
|
| Ending balance, December 31, 2023 |
|
$ |
(51,613 |
) |
| Current period change |
|
|
3,372 |
|
| Ending balance, September 30, 2024 |
|
$ |
(48,241 |
) |
|
| 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 |
|
| September 30, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
8,168 |
|
|
$ |
(716 |
) |
|
$ |
8,168 |
|
|
$ |
(716 |
) |
|
|
100.0 |
% |
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
- |
|
|
|
- |
|
|
|
116,547 |
|
|
|
(22,362 |
) |
|
|
116,547 |
|
|
|
(22,362 |
) |
|
|
100.0 |
% |
| Municipal securities |
|
|
3,663 |
|
|
|
(58 |
) |
|
|
220,209 |
|
|
|
(39,610 |
) |
|
|
223,872 |
|
|
|
(39,668 |
) |
|
|
100.0 |
% |
| Collateralized debt obligations |
|
|
- |
|
|
|
- |
|
|
|
1,440 |
|
|
|
(719 |
) |
|
|
1,440 |
|
|
|
(719 |
) |
|
|
100.0 |
% |
| Total temporarily impaired |
|
$ |
3,663 |
|
|
$ |
(58 |
) |
|
$ |
346,364 |
|
|
$ |
(63,407 |
) |
|
$ |
350,027 |
|
|
$ |
(63,465 |
) |
|
|
100.0 |
% |
| Number of securities |
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
416 |
|
|
|
|
|
|
|
416 |
|
|
|
|
|
| |
|
(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 |
|
|
|
|
|
|