Note 3 - Securities (Tables)
|
3 Months Ended |
Mar. 31, 2021 |
|---|
| Notes Tables |
|
| Available-for-sale Securities [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
|
|
|
|
Gross |
|
|
Gross |
|
|
Estimated |
|
| |
|
Cost |
|
|
Unrealized |
|
|
Unrealized |
|
|
Fair |
|
| |
|
Basis |
|
|
Gains |
|
|
Losses |
|
|
Value |
|
| March 31, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
|
12,881 |
|
|
|
- |
|
|
|
(264 |
) |
|
|
12,617 |
|
| U.S. treasury securities |
|
|
402 |
|
|
|
- |
|
|
|
- |
|
|
|
402 |
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
188,823 |
|
|
|
2,205 |
|
|
|
(2,906 |
) |
|
|
188,122 |
|
| Municipal securities |
|
|
213,556 |
|
|
|
8,212 |
|
|
|
(985 |
) |
|
|
220,783 |
|
| Collateralized debt obligations |
|
|
2,177 |
|
|
|
- |
|
|
|
(1,233 |
) |
|
|
944 |
|
| Total securities available-for-sale |
|
$ |
417,839 |
|
|
$ |
10,417 |
|
|
$ |
(5,388 |
) |
|
$ |
422,868 |
|
| |
|
(Dollars in thousands) |
|
| |
|
|
|
|
|
Gross |
|
|
Gross |
|
|
Estimated |
|
| |
|
Cost |
|
|
Unrealized |
|
|
Unrealized |
|
|
Fair |
|
| |
|
Basis |
|
|
Gains |
|
|
Losses |
|
|
Value |
|
| December 31, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Money market fund |
|
$ |
52,941 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
52,941 |
|
| U.S. government sponsored entities |
|
|
7,881 |
|
|
|
3 |
|
|
|
(24 |
) |
|
|
7,860 |
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
151,355 |
|
|
|
3,417 |
|
|
|
(36 |
) |
|
|
154,736 |
|
| Municipal securities |
|
|
183,103 |
|
|
|
11,102 |
|
|
|
(2 |
) |
|
|
194,203 |
|
| Collateralized debt obligations |
|
|
2,182 |
|
|
|
- |
|
|
|
(1,253 |
) |
|
|
929 |
|
| Total securities available-for-sale |
|
$ |
397,462 |
|
|
$ |
14,522 |
|
|
$ |
(1,315 |
) |
|
$ |
410,669 |
|
|
| Investments Classified by Contractual Maturity Date [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
Available-for-sale |
|
| |
|
Estimated |
|
|
|
|
|
| |
|
Fair |
|
|
Tax-Equivalent |
|
| March 31, 2021 |
|
Value |
|
|
Yield (%) |
|
| Due in one year or less |
|
$ |
202 |
|
|
|
1.13 |
|
| Due from one to five years |
|
|
3,787 |
|
|
|
4.44 |
|
| Due from five to ten years |
|
|
29,327 |
|
|
|
2.48 |
|
| Due over ten years |
|
|
201,430 |
|
|
|
3.18 |
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
188,122 |
|
|
|
1.80 |
|
| Total |
|
$ |
422,868 |
|
|
|
2.53 |
|
|
| Schedule of Realized Gain (Loss) [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
March 31, |
|
|
March 31, |
|
| |
|
2021 |
|
|
2020 |
|
| |
|
|
|
|
|
|
|
|
| Proceeds |
|
$ |
6,904 |
|
|
$ |
17,886 |
|
| Gross gains |
|
|
417 |
|
|
|
513 |
|
| Gross losses |
|
|
- |
|
|
|
(3 |
) |
|
| Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
Unrealized
gain/(loss) |
|
| Ending balance, December 31, 2020 |
|
$ |
10,441 |
|
| Current period change |
|
|
(6,461 |
) |
| Ending balance, March 31, 2021 |
|
$ |
3,980 |
|
|
| 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 |
|
| March 31, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
12,617 |
|
|
$ |
(264 |
) |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
12,617 |
|
|
$ |
(264 |
) |
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
112,550 |
|
|
|
(2,906 |
) |
|
|
- |
|
|
|
- |
|
|
|
112,550 |
|
|
|
(2,906 |
) |
| Municipal securities |
|
|
56,360 |
|
|
|
(985 |
) |
|
|
- |
|
|
|
- |
|
|
|
56,360 |
|
|
|
(985 |
) |
| Collateralized debt obligations |
|
|
- |
|
|
|
- |
|
|
|
944 |
|
|
|
(1,233 |
) |
|
|
944 |
|
|
|
(1,233 |
) |
| Total temporarily impaired |
|
$ |
181,527 |
|
|
$ |
(4,155 |
) |
|
$ |
944 |
|
|
$ |
(1,233 |
) |
|
$ |
182,471 |
|
|
$ |
(5,388 |
) |
| Number of securities |
|
|
|
|
|
|
126 |
|
|
|
|
|
|
|
2 |
|
|
|
|
|
|
|
128 |
|
| |
|
(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, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
4,975 |
|
|
$ |
(24 |
) |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
4,975 |
|
|
$ |
(24 |
) |
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
11,953 |
|
|
|
(36 |
) |
|
|
- |
|
|
|
- |
|
|
|
11,953 |
|
|
|
(36 |
) |
| Municipal securities |
|
|
1,864 |
|
|
|
(2 |
) |
|
|
- |
|
|
|
- |
|
|
|
1,864 |
|
|
|
(2 |
) |
| Collateralized debt obligations |
|
|
- |
|
|
|
- |
|
|
|
929 |
|
|
|
(1,253 |
) |
|
|
929 |
|
|
|
(1,253 |
) |
| Total temporarily impaired |
|
$ |
18,792 |
|
|
$ |
(62 |
) |
|
$ |
929 |
|
|
$ |
(1,253 |
) |
|
$ |
19,721 |
|
|
$ |
(1,315 |
) |
| Number of securities |
|
|
|
|
|
|
8 |
|
|
|
|
|
|
|
2 |
|
|
|
|
|
|
|
10 |
|
|