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Note 22 - Assets and Liabilities Measured and Reported at Fair Value (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

		Fair Value Measurements Using:												Total
December 31, 2023 (in thousands)		Level 1				Level 2				Level 3				Fair Value
Assets:
Available for sale debt securities:
U.S. Treasury and other U.S. Government obligations		$	116,269			$	—			$	—			$	116,269
Government sponsored enterprise obligations			—				99,847				—				99,847
Mortgage backed securities - government agencies			—				688,039				—				688,039
Obligations of states and political subdivisions			—				123,490				—				123,490
Other			—				3,534				—				3,534
Total available for sale debt securities			116,269				914,910				—				1,031,179
Mortgage loans held for sale			—				6,056				—				6,056
Rate lock loan commitments			—				174				—				174
Interest rate swap assets			—				5,133				—				5,133
Total assets		$	116,269			$	926,273			$	—			$	1,042,542
Liabilities:
Interest rate swap liabilities		$	—			$	5,378			$	—			$	5,378
Mandatory forward contracts			—				43				—				43
Total Liabilities		$	—			$	5,421			$	—			$	5,421

		Fair Value Measurements Using:												Total
December 31, 2022 (in thousands)		Level 1				Level 2				Level 3				Fair Value
Assets:
Available for sale debt securities:
U.S. Treasury and other U.S. Government obligations		$	115,039			$	—			$	—			$	115,039
Government sponsored enterprise obligations			—				143,626				—				143,626
Mortgage backed securities - government agencies			—				752,738				—				752,738
Obligations of states and political subdivisions			—				127,599				—				127,599
Other			—				5,615				—				5,615
Total available for sale debt securities			115,039				1,029,578				—				1,144,617
Mortgage loans held for sale			—				2,606				—				2,606
Rate lock loan commitments			—				137				—				137
Mandatory forward contracts			—				47				—				47
Interest rate swaps			—				10,727				—				10,727
Total assets		$	115,039			$	1,043,095			$	—			$	1,158,134
Liabilities:
Interest rate swaps		$	—			$	10,737			$	—			$	10,737

Fair Value Measurements, Nonrecurring [Table Text Block]

																		Losses recorded for
(in thousands)		Fair Value Measurement Using:																the year ended
December 31, 2023		Level 1				Level 2				Level 3				Total Fair Value				December 31, 2023
Collateral dependent loans		$	—			$	—			$	13,561			$	13,561			$	1,681
Other real estate owned			—				—				10				10				25

																		Losses recorded for
(in thousands)		Fair Value Measurement Using:																the year ended
December 31, 2022		Level 1				Level 2				Level 3				Total Fair Value				December 31, 2022
Collateral dependent loans		$	—			$	—			$	20,637			$	20,637			$	303
Other real estate owned			—				—				677				677				—

																		Losses recorded for
(in thousands)		Fair Value Measurement Using:																the year ended
December 31, 2021		Level 1				Level 2				Level 3				Total Fair Value				December 31, 2021
Collateral dependent loans		$	—			$	—			$	4,487			$	4,487			$	891
Other real estate owned			—				—				7,212				7,212				17

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

		December 31, 2023
(dollars in thousands)		Fair Value			Valuation Technique		Unobservable Inputs		Weighted Average Discount
Collateral dependent loans		$	13,561		Appraisal		Appraisal discounts			18.0	%
Other real estate owned			10		Appraisal		Appraisal discounts			93.0

		December 31, 2022
(dollars in thousands)		Fair Value			Valuation Technique		Unobservable Inputs		Weighted Average Discount
Impaired loans - collateral dependent		$	20,637		Appraisal		Appraisal discounts			23.3	%
Other real estate owned			677		Appraisal		Appraisal discounts			65.6

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

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Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique used to measure similar asset in prior period by class of asset or liability on non-recurring basis.

+ References

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-Publisher FASB
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Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

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