Note 4 - Securities (Tables)
|
9 Months Ended |
Sep. 30, 2022 |
|---|
| 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, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
8,883 |
|
|
$ |
- |
|
|
$ |
(1,338 |
) |
|
$ |
7,545 |
|
| U.S. treasury securities |
|
|
394 |
|
|
|
- |
|
|
|
- |
|
|
|
394 |
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
166,651 |
|
|
|
- |
|
|
|
(29,370 |
) |
|
|
137,281 |
|
| Municipal securities |
|
|
282,002 |
|
|
|
- |
|
|
|
(69,214 |
) |
|
|
212,788 |
|
| Collateralized debt obligations |
|
|
2,173 |
|
|
|
- |
|
|
|
(1,146 |
) |
|
|
1,027 |
|
| Total securities available-for-sale |
|
$ |
460,103 |
|
|
$ |
- |
|
|
$ |
(101,068 |
) |
|
$ |
359,035 |
|
| |
|
(Dollars in thousands) |
|
| |
|
|
|
|
|
Gross |
|
|
Gross |
|
|
Estimated |
|
| |
|
Cost |
|
|
Unrealized |
|
|
Unrealized |
|
|
Fair |
|
| |
|
Basis |
|
|
Gains |
|
|
Losses |
|
|
Value |
|
| December 31, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
8,883 |
|
|
$ |
- |
|
|
$ |
(214 |
) |
|
$ |
8,669 |
|
| U.S. treasury securities |
|
|
400 |
|
|
|
- |
|
|
|
- |
|
|
|
400 |
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
187,279 |
|
|
|
961 |
|
|
|
(3,539 |
) |
|
|
184,701 |
|
| Municipal securities |
|
|
322,750 |
|
|
|
9,904 |
|
|
|
(527 |
) |
|
|
332,127 |
|
| Collateralized debt obligations |
|
|
2,173 |
|
|
|
- |
|
|
|
(1,181 |
) |
|
|
992 |
|
| Total securities available-for-sale |
|
$ |
521,485 |
|
|
$ |
10,865 |
|
|
$ |
(5,461 |
) |
|
$ |
526,889 |
|
|
| Investments Classified by Contractual Maturity Date [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
Available-for-sale |
|
| |
|
|
|
|
|
Estimated |
|
| |
|
Cost |
|
|
Fair |
|
| September 30, 2022 |
|
Basis |
|
|
Value |
|
| Due in one year or less |
|
$ |
190 |
|
|
$ |
190 |
|
| Due from one to five years |
|
|
1,978 |
|
|
|
1,972 |
|
| Due from five to ten years |
|
|
21,124 |
|
|
|
18,207 |
|
| Due over ten years |
|
|
270,160 |
|
|
|
201,385 |
|
| |
|
|
|
|
|
|
|
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
166,651 |
|
|
|
137,281 |
|
| Total |
|
$ |
460,103 |
|
|
$ |
359,035 |
|
|
| Schedule of Realized Gain (Loss) [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
September 30, |
|
|
September 30, |
|
| |
|
2022 |
|
|
2021 |
|
| |
|
|
|
|
|
|
|
|
| Proceeds |
|
$ |
10,178 |
|
|
$ |
9,275 |
|
| Gross gains |
|
|
41 |
|
|
|
591 |
|
| Gross losses |
|
|
(18 |
) |
|
|
(1 |
) |
| |
|
(Dollars in thousands) |
|
| |
|
September 30, |
|
|
September 30, |
|
| |
|
2022 |
|
|
2021 |
|
| |
|
|
|
|
|
|
|
|
| Proceeds |
|
$ |
53,953 |
|
|
$ |
28,565 |
|
| Gross gains |
|
|
733 |
|
|
|
1,297 |
|
| Gross losses |
|
|
(71 |
) |
|
|
(21 |
) |
|
| Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
Unrealized
gain/(loss) |
|
| Ending balance, June 30, 2022 |
|
$ |
(57,781 |
) |
| Current period change |
|
|
(22,058 |
) |
| Ending balance, September 30, 2022 |
|
$ |
(79,839 |
) |
| |
|
(Dollars in thousands) |
|
| |
|
Unrealized
gain/(loss) |
|
| Ending balance, June 30, 2021 |
|
$ |
8,209 |
|
| Current period change |
|
|
(5,601 |
) |
| Ending balance, September 30, 2021 |
|
$ |
2,608 |
|
| |
|
(Dollars in thousands) |
|
| |
|
Unrealized
gain/(loss) |
|
| Ending balance, December 31, 2021 |
|
$ |
4,276 |
|
| Current period change |
|
|
(84,115 |
) |
| Ending balance, September 30, 2022 |
|
$ |
(79,839 |
) |
| |
|
(Dollars in thousands) |
|
| |
|
Unrealized
gain/(loss) |
|
| Ending balance, December 31, 2020 |
|
$ |
10,441 |
|
| Current period change |
|
|
(7,833 |
) |
| Ending balance, September 30, 2021 |
|
$ |
2,608 |
|
|
| 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, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
7,545 |
|
|
$ |
(1,338 |
) |
|
$ |
7,545 |
|
|
$ |
(1,338 |
) |
|
|
100.0 |
% |
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
45,306 |
|
|
|
(7,593 |
) |
|
|
91,975 |
|
|
|
(21,777 |
) |
|
|
137,281 |
|
|
|
(29,370 |
) |
|
|
100.0 |
% |
| Municipal securities |
|
|
166,907 |
|
|
|
(49,241 |
) |
|
|
45,611 |
|
|
|
(19,973 |
) |
|
|
212,518 |
|
|
|
(69,214 |
) |
|
|
99.9 |
% |
| Collateralized debt obligations |
|
|
- |
|
|
|
- |
|
|
|
1,027 |
|
|
|
(1,146 |
) |
|
|
1,027 |
|
|
|
(1,146 |
) |
|
|
100.0 |
% |
| Total temporarily impaired |
|
$ |
212,213 |
|
|
$ |
(56,834 |
) |
|
$ |
146,159 |
|
|
$ |
(44,233 |
) |
|
$ |
358,371 |
|
|
$ |
(101,068 |
) |
|
|
99.8 |
% |
| Number of securities |
|
|
|
|
|
|
333 |
|
|
|
|
|
|
|
120 |
|
|
|
|
|
|
|
453 |
|
|
|
|
|
| |
|
(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, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
8,669 |
|
|
$ |
(214 |
) |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
8,669 |
|
|
$ |
(214 |
) |
|
|
100.0 |
% |
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
126,373 |
|
|
|
(3,175 |
) |
|
|
8,109 |
|
|
|
(364 |
) |
|
|
134,482 |
|
|
|
(3,539 |
) |
|
|
72.8 |
% |
| Municipal securities |
|
|
70,309 |
|
|
|
(527 |
) |
|
|
- |
|
|
|
- |
|
|
|
70,309 |
|
|
|
(527 |
) |
|
|
21.2 |
% |
| Collateralized debt obligations |
|
|
- |
|
|
|
- |
|
|
|
992 |
|
|
|
(1,181 |
) |
|
|
992 |
|
|
|
(1,181 |
) |
|
|
100.0 |
% |
| Total temporarily impaired |
|
$ |
205,351 |
|
|
$ |
(3,916 |
) |
|
$ |
9,101 |
|
|
$ |
(1,545 |
) |
|
$ |
214,452 |
|
|
$ |
(5,461 |
) |
|
|
40.7 |
% |
| Number of securities |
|
|
|
|
|
|
133 |
|
|
|
|
|
|
|
5 |
|
|
|
|
|
|
|
138 |
|
|
|
|
|
|