Note 3 - Securities (Tables)
|
12 Months Ended |
Dec. 31, 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 |
|
| 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 |
|
| |
|
(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 |
|
| December 31, 2023 |
|
Basis |
|
|
Value |
|
| Due in one year or less |
|
$ |
250 |
|
|
$ |
249 |
|
| Due from one to five years |
|
|
10,433 |
|
|
|
9,325 |
|
| Due from five to ten years |
|
|
21,801 |
|
|
|
20,486 |
|
| Due over ten years |
|
|
257,383 |
|
|
|
217,850 |
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
149,410 |
|
|
|
123,464 |
|
| Total |
|
$ |
439,277 |
|
|
$ |
371,374 |
|
|
| Schedule of Realized Gain (Loss) [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
December 31, |
|
|
December 31, |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
|
|
|
|
|
|
|
| Proceeds |
|
$ |
476 |
|
|
$ |
53,953 |
|
| Gross gains |
|
|
- |
|
|
|
733 |
|
| Gross losses |
|
|
(48 |
) |
|
|
(71 |
) |
|
| 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 |
|
|
12,687 |
|
| Ending balance, December 31, 2023 |
|
$ |
(51,613 |
) |
| |
|
(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, 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 |
|
|
|
|
|
| |
|
(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 |
|
|
|
|
|
|