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Note 13 - Assets and Liabilities Measured and Reported at Fair Value (Tables)

6 Months Ended

Jun. 30, 2024

Notes Tables

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

		Fair Value Measurements Using:												Total
June 30, 2024 (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		$	118,875			$	—			$	—			$	118,875
Government sponsored enterprise obligations			—				88,735				—				88,735
Mortgage backed securities - government agencies			—				632,080				—				632,080
Obligations of states and political subdivisions			—				118,410				—				118,410
Other			—				3,528				—				3,528
Total available for sale debt securities			118,875				842,753				—				961,628
Mortgage loans held for sale			—				6,438				—				6,438
Rate lock loan commitments			—				337				—				337
Mandatory forward contracts			—				27				—				27
Interest rate swap assets			—				11,968				—				11,968
Total assets		$	118,875			$	861,523			$	—			$	980,398
Liabilities:
Interest rate swap liabilities		$	—			$	8,384			$	—			$	8,384

		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, Nonrecurring [Table Text Block]

																		Losses recorded
																		Three months				Six months
		Fair Value Measurements Using:												Total				ended				ended
June 30, 2024 (in thousands)		Level 1				Level 2				Level 3				Fair Value				June 30, 2024				June 30, 2024
Collateral dependent loans		$	—			$	—			$	8,234			$	8,234			$	58			$	58
Other real estate owned			—				—				10				10				—				—

																		Losses recorded
																		Three months				Six months
		Fair Value Measurements Using:												Total				ended				ended
December 31, 2023 (in thousands)		Level 1				Level 2				Level 3				Fair Value				June 30, 2023				June 30, 2023
Collateral dependent loans		$	—			$	—			$	13,561			$	13,561			$	—			$	—
Other real estate owned			—				—				10				10				—				—

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

		June 30, 2024
(dollars in thousands)		Fair Value			Valuation Technique		Unobservable Inputs		Weighted Average
Collateral dependent loans		$	8,234		Appraisal		Appraisal discounts			19.4	%
Other real estate owned			10		Appraisal		Appraisal discounts			93.0

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

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).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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- Definition

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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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- Definition

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

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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