Note 4 - Securities (Tables)
|
9 Months Ended |
Sep. 30, 2020 |
|---|
| Notes Tables |
|
| Available-for-sale Securities [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
|
|
|
|
Gross |
|
|
Gross |
|
|
Estimated |
|
| |
|
Cost |
|
|
Unrealized |
|
|
Unrealized |
|
|
Fair |
|
| |
|
Basis |
|
|
Gains |
|
|
Losses |
|
|
Value |
|
| September 30, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Money market fund |
|
$ |
26,789 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
26,789 |
|
| U.S. government sponsored entities |
|
|
4,998 |
|
|
|
- |
|
|
|
(9 |
) |
|
|
4,989 |
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
125,122 |
|
|
|
3,864 |
|
|
|
(23 |
) |
|
|
128,963 |
|
| Municipal securities |
|
|
153,780 |
|
|
|
9,075 |
|
|
|
(294 |
) |
|
|
162,561 |
|
| Collateralized debt obligations |
|
|
2,186 |
|
|
|
- |
|
|
|
(1,307 |
) |
|
|
879 |
|
| Total securities available-for-sale |
|
$ |
312,875 |
|
|
$ |
12,939 |
|
|
$ |
(1,633 |
) |
|
$ |
324,181 |
|
| |
|
(Dollars in thousands) |
|
| |
|
|
|
|
|
Gross |
|
|
Gross |
|
|
Estimated |
|
| |
|
Cost |
|
|
Unrealized |
|
|
Unrealized |
|
|
Fair |
|
| |
|
Basis |
|
|
Gains |
|
|
Losses |
|
|
Value |
|
| December 31, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Money market fund |
|
$ |
9,670 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
9,670 |
|
| U.S. government sponsored entities |
|
|
12,994 |
|
|
|
64 |
|
|
|
- |
|
|
|
13,058 |
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
149,339 |
|
|
|
1,745 |
|
|
|
(96 |
) |
|
|
150,988 |
|
| Municipal securities |
|
|
97,628 |
|
|
|
4,844 |
|
|
|
(45 |
) |
|
|
102,427 |
|
| Collateralized debt obligations |
|
|
2,202 |
|
|
|
- |
|
|
|
(1,126 |
) |
|
|
1,076 |
|
| Total securities available-for-sale |
|
$ |
271,833 |
|
|
$ |
6,653 |
|
|
$ |
(1,267 |
) |
|
$ |
277,219 |
|
|
| Investments Classified by Contractual Maturity Date [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
Available-for-sale |
|
| |
|
Estimated |
|
|
|
|
|
| |
|
Fair |
|
|
Tax-Equivalent |
|
| September 30, 2020 |
|
Value |
|
|
Yield (%) |
|
| Due in one year or less |
|
$ |
26,789 |
|
|
|
0.04 |
|
| Due from one to five years |
|
|
2,980 |
|
|
|
3.94 |
|
| Due from five to ten years |
|
|
18,305 |
|
|
|
2.76 |
|
| Due over ten years |
|
|
147,144 |
|
|
|
3.37 |
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
128,963 |
|
|
|
2.11 |
|
| Total |
|
$ |
324,181 |
|
|
|
2.56 |
|
|
| Schedule of Realized Gain (Loss) [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
September 30, |
|
|
September 30, |
|
| |
|
2020 |
|
|
2019 |
|
| |
|
|
|
|
|
|
|
|
| Proceeds |
|
$ |
39,242 |
|
|
$ |
35,859 |
|
| Gross gains |
|
|
1,433 |
|
|
|
838 |
|
| Gross losses |
|
|
(59 |
) |
|
|
(84 |
) |
|
| Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
Unrealized
gain/(loss) |
|
| Ending balance, December 31, 2019 |
|
$ |
4,261 |
|
| Current period change |
|
|
4,677 |
|
| Ending balance, September 30, 2020 |
|
$ |
8,938 |
|
|
| Unrealized Gain (Loss) on Investments [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
Less than 12 months |
|
|
12 months or longer |
|
|
Total |
|
| |
|
Estimated |
|
|
|
|
|
|
Estimated |
|
|
|
|
|
|
Estimated |
|
|
|
|
|
| |
|
Fair |
|
|
Unrealized |
|
|
Fair |
|
|
Unrealized |
|
|
Fair |
|
|
Unrealized |
|
| |
|
Value |
|
|
Losses |
|
|
Value |
|
|
Losses |
|
|
Value |
|
|
Losses |
|
| Money market fund |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
6,096 |
|
|
|
(23 |
) |
|
|
- |
|
|
|
- |
|
|
|
6,096 |
|
|
|
(23 |
) |
| U.S. government sponsored entities |
|
|
4,989 |
|
|
|
(9 |
) |
|
|
- |
|
|
|
- |
|
|
|
4,989 |
|
|
|
(9 |
) |
| Municipal securities |
|
|
17,338 |
|
|
|
(294 |
) |
|
|
- |
|
|
|
- |
|
|
|
17,338 |
|
|
|
(294 |
) |
| Collateralized debt obligations |
|
|
- |
|
|
|
- |
|
|
|
879 |
|
|
|
(1,307 |
) |
|
|
879 |
|
|
|
(1,307 |
) |
| Total temporarily impaired |
|
$ |
28,423 |
|
|
$ |
(326 |
) |
|
$ |
879 |
|
|
$ |
(1,307 |
) |
|
$ |
29,302 |
|
|
$ |
(1,633 |
) |
| Number of securities |
|
|
|
|
|
|
32 |
|
|
|
|
|
|
|
2 |
|
|
|
|
|
|
|
34 |
|
| |
|
(Dollars in thousands) |
|
| |
|
Less than 12 months |
|
|
12 months or longer |
|
|
Total |
|
| |
|
Estimated |
|
|
|
|
|
|
Estimated |
|
|
|
|
|
|
Estimated |
|
|
|
|
|
| |
|
Fair |
|
|
Unrealized |
|
|
Fair |
|
|
Unrealized |
|
|
Fair |
|
|
Unrealized |
|
| |
|
Value |
|
|
Losses |
|
|
Value |
|
|
Losses |
|
|
Value |
|
|
Losses |
|
| December 31, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
8,859 |
|
|
|
(31 |
) |
|
|
15,065 |
|
|
|
(65 |
) |
|
|
23,924 |
|
|
|
(96 |
) |
| Municipal securities |
|
|
4,367 |
|
|
|
(45 |
) |
|
|
- |
|
|
|
- |
|
|
|
4,367 |
|
|
|
(45 |
) |
| Collateralized debt obligations |
|
|
- |
|
|
|
- |
|
|
|
1,076 |
|
|
|
(1,126 |
) |
|
|
1,076 |
|
|
|
(1,126 |
) |
| Total temporarily impaired |
|
$ |
13,226 |
|
|
$ |
(76 |
) |
|
$ |
16,141 |
|
|
$ |
(1,191 |
) |
|
$ |
29,367 |
|
|
$ |
(1,267 |
) |
| Number of securities |
|
|
|
|
|
|
11 |
|
|
|
|
|
|
|
17 |
|
|
|
|
|
|
|
28 |
|
|