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Note 21 - Fair Value Measurements and Fair Value of Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2024
Notes Tables |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
|  |  |  |  |  | December 31, 2024 |
|  |  |  |  |  | Fair Value Measurements at Reporting Date Using |
|  |  |  |  |  | Quoted Prices |  |  |  |  |  |  |  |  |
|  |  |  |  |  | in Active |  |  | Significant |  |  |  |  |
|  |  |  |  |  | Markets for |  |  | Other |  |  | Significant |
|  |  |  |  |  | Identical |  |  | Observable |  |  | Unobservable |
|  |  |  |  |  | Assets |  |  | Inputs |  |  | Inputs |
|  | Total Fair Value |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
(dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Recurring fair value measurements: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligations |  | $ | 84,670 |  |  | $ | - |  |  | $ | 84,670 |  |  | $ | - |
Residential mortgage pass-through securities |  |  | 378,838 |  |  |  | - |  |  |  | 378,838 |  |  |  | - |
Commercial mortgage pass-through securities |  |  | 20,892 |  |  |  | - |  |  |  | 20,892 |  |  |  | - |
Obligations of U.S. states and political subdivision |  |  | 122,404 |  |  |  | - |  |  |  | 115,878 |  |  |  | 6,526 |
Corporate bonds and notes |  |  | 4,987 |  |  |  | - |  |  |  | 4,987 |  |  |  | - |
Asset-backed securities |  |  | 885 |  |  |  | - |  |  |  | 885 |  |  |  | - |
Certificates of deposit |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Other securities |  |  | 171 |  |  |  | 171 |  |  |  | - |  |  |  | - |
Total available-for-sale |  | $ | 612,847 |  |  | $ | 171 |  |  | $ | 606,150 |  |  | $ | 6,526 |
Equity securities |  |  | 20,092 |  |  |  | 9,739 |  |  |  | 10,353 |  |  |  | - |
Derivatives - interest rate contracts |  |  | 37,398 |  |  |  | - |  |  |  | 37,398 |  |  |  | - |
Total assets |  | $ | 670,337 |  |  | $ | 9,910 |  |  | $ | 653,901 |  |  | $ | 6,526 |
|  |  |  |  |  | December 31, 2023 |
|  |  |  |  |  | Fair Value Measurements at Reporting Date Using |
|  |  |  |  |  | Quoted Prices |  |  |  |  |  |  |  |  |
|  |  |  |  |  | in Active |  |  | Significant |  |  |  |  |
|  |  |  |  |  | Markets for |  |  | Other |  |  | Significant |
|  |  |  |  |  | Identical |  |  | Observable |  |  | Unobservable |
|  |  |  |  |  | Assets |  |  | Inputs |  |  | Inputs |
|  | Total Fair Value |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
(dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Recurring fair value measurements: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligations |  | $ | 45,326 |  |  | $ | - |  |  | $ | 45,326 |  |  | $ | - |
Residential mortgage pass-through securities |  |  | 411,191 |  |  |  | - |  |  |  | 411,191 |  |  |  | - |
Commercial mortgage pass-through securities |  |  | 21,564 |  |  |  | - |  |  |  | 21,564 |  |  |  | - |
Obligations of U.S. states and political subdivision |  |  | 132,705 |  |  |  | - |  |  |  | 125,583 |  |  |  | 7,122 |
Corporate bonds and notes |  |  | 4,973 |  |  |  | - |  |  |  | 4,973 |  |  |  | - |
Asset-backed securities |  |  | 1,238 |  |  |  | - |  |  |  | 1,238 |  |  |  | - |
Certificates of deposit |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Other securities |  |  | 165 |  |  |  | 165 |  |  |  | - |  |  |  | - |
Total available-for-sale |  | $ | 617,162 |  |  | $ | 165 |  |  | $ | 609,875 |  |  | $ | 7,122 |
Equity securities |  |  | 18,564 |  |  |  | 9,867 |  |  |  | 8,697 |  |  |  | - |
Derivatives - interest rate contracts |  |  | 43,805 |  |  |  | - |  |  |  | 43,805 |  |  |  | - |
Total assets |  | $ | 679,531 |  |  | $ | 10,032 |  |  | $ | 662,377 |  |  | $ | 7,122 |
Fair Value Measurements, Nonrecurring [Table Text Block] |
|  |  |  |  |  | Fair Value Measurements at Reporting Date Using |
|  |  |  |  |  | Quoted |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Prices |  |  |  |  |  |  |  |  |
|  |  |  |  |  | in Active |  |  | Significant |  |  |  |  |
|  |  |  |  |  | Markets for |  |  | Other |  |  | Significant |
|  |  |  |  |  | Identical |  |  | Observable |  |  | Unobservable |
|  | December 31, |  |  | Assets |  |  | Inputs |  |  | Inputs |
|  | 2024 |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Assets measured at fair value on a nonrecurring basis: |  | (dollars in thousands) |
Collateral dependent loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | $ | 726 |  |  | $ | - |  |  | $ | - |  |  | $ | 726 |
Commercial real estate |  |  | 2,913 |  |  |  | - |  |  |  | - |  |  |  | 2,913 |
|  |  |  |  |  | Fair Value Measurements at Reporting Date Using |
|  |  |  |  |  | Quoted |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Prices |  |  |  |  |  |  |  |  |
|  |  |  |  |  | in Active |  |  | Significant |  |  |  |  |
|  |  |  |  |  | Markets for |  |  | Other |  |  | Significant |
|  |  |  |  |  | Identical |  |  | Observable |  |  | Unobservable |
|  | December 31, |  |  | Assets |  |  | Inputs |  |  | Inputs |
|  | 2023 |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Assets measured at fair value on a nonrecurring basis: |  | (dollars in thousands) |
Collateral dependent loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | $ | 657 |  |  | $ | - |  |  | $ | - |  |  | $ | 657 |
Commercial real estate |  |  | 7,005 |  |  |  | - |  |  |  | - |  |  |  | 7,005 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
|  | Municipal |
|  | Securities |
|  | (dollars in thousands) |
Beginning balance, January 1, 2024 |  | $ | 7,122 |
Principal paydowns |  |  | (304 | )
Changes in unrealized gain (loss) |  |  | (292 | )
Ending balance, December 31, 2024 |  | $ | 6,526 |
|  | Municipal |
|  | Securities |
|  | (dollars in thousands) |
Beginning balance, January 1, 2023 |  | $ | 7,349 |
Principal paydowns |  |  | (272 | )
Changes in unrealized gain (loss) |  |  | 45 |
Ending balance, December 31, 2023 |  | $ | 7,122 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] |
December 31, 2024 |  |  |  |  | Valuation |  | Unobservable |  |  |
|  | Fair Value |  | Techniques |  | Input |  | Range |
Securities available-for-sale: |  |  |  |  | (dollars in thousands) |  |  |  |  |
Municipal securities |  | $ | 6,526 |  | Discounted cash flows |  | Discount rate |  | 5.0 | %
December 31, 2023 |  |  |  |  | Valuation | Unobservable |  |  |  |
|  | Fair Value |  | Techniques | Input |  | Range |
Securities available-for-sale: |  |  |  |  | (dollars in thousands) |  |  |  |  |
Municipal securities |  | $ | 7,122 |  | Discounted cash flows | Discount rate |  |  | 4.3 | %
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] |
December 31, 2024 |
|  |  |  |  | Valuation |  | Unobservable |  |  |
(dollars in thousands) |  | Fair Value |  | Techniques |  | Input |  | Range (weighed average) |
Commercial loans |  | $ | 726 |  | Appraisals of collateral |  | Adjustment for comparable sales |  | -10% to +5% (-4.3%) |
Commercial real estate loans |  |  | 2,913 |  | Appraisals of collateral |  | Adjustment for comparable sales |  | -40% to +0% (-14.3%) |
December 31, 2023 |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Valuation |  | Unobservable |  |  |
(dollars in thousands) |  | Fair Value |  | Techniques |  | Input |  | Range (weighed average) |
Commercial loans |  | $ | 657 |  | Appraisals of collateral |  | Adjustment for comparable sales |  | -7.5% to +25% (+.1%) |
Commercial real estate loans |  |  | 7,005 |  | Appraisals of collateral |  | Adjustment for comparable sales |  | -15% to +0% (-10.3%) |
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  |  |  |  |  |  |  |  |  | Fair Value Measurements |
|  |  |  |  |  |  |  |  |  | Quoted |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Prices in |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Active |  |  | Significant |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Markets for |  |  | Other |  |  | Significant |
|  |  |  |  |  |  |  |  |  | Identical |  |  | Observable |  |  | Unobservable |
|  | Carrying |  |  | Fair |  |  | Assets |  |  | Inputs |  |  | Inputs |
|  | Amount |  |  | Value |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
|  | (dollars in thousands) |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 356,488 |  |  | $ | 356,488 |  |  | $ | 356,488 |  |  | $ | - |  |  | $ | - |
Investment securities available-for-sale |  |  | 612,847 |  |  |  | 612,847 |  |  |  | 171 |  |  |  | 606,150 |  |  |  | 6,526 |
Restricted investment in bank stocks |  |  | 40,449 |  |  |  | n/a |  |  |  | n/a |  |  |  | n/a |  |  |  | n/a |
Equity securities |  |  | 20,092 |  |  |  | 20,092 |  |  |  | 9,739 |  |  |  | 10,353 |  |  |  | - |
Net loans |  |  | 8,192,125 |  |  |  | 7,980,038 |  |  |  | - |  |  |  | - |  |  |  | 7,980,038 |
Derivatives - interest rate contracts |  |  | 37,398 |  |  |  | 37,398 |  |  |  | - |  |  |  | 37,398 |  |  |  | - |
Accrued interest receivable |  |  | 45,498 |  |  |  | 45,498 |  |  |  | - |  |  |  | 5,444 |  |  |  | 40,054 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noninterest-bearing deposits |  |  | 1,422,044 |  |  |  | 1,422,044 |  |  |  | 1,422,044 |  |  |  | - |  |  |  | - |
Interest-bearing deposits |  |  | 6,398,070 |  |  |  | 6,387,896 |  |  |  | 3,840,870 |  |  |  | 2,547,026 |  |  |  | - |
Borrowings |  |  | 688,064 |  |  |  | 687,273 |  |  |  | - |  |  |  | 687,273 |  |  |  | - |
Subordinated debentures |  |  | 79,944 |  |  |  | 77,968 |  |  |  | - |  |  |  | 77,968 |  |  |  | - |
Accrued interest payable |  |  | 9,320 |  |  |  | 9,320 |  |  |  | - |  |  |  | 9,320 |  |  |  | - |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 242,714 |  |  | $ | 242,714 |  |  | $ | 242,714 |  |  | $ | - |  |  | $ | - |
Investment securities available-for-sale |  |  | 617,162 |  |  |  | 617,162 |  |  |  | 165 |  |  |  | 609,875 |  |  |  | 7,122 |
Restricted investment in bank stocks |  |  | 51,457 |  |  |  | n/a |  |  |  | n/a |  |  |  | n/a |  |  |  | n/a |
Equity securities |  |  | 18,564 |  |  |  | 18,564 |  |  |  | 9,867 |  |  |  | 8,697 |  |  |  | - |
Net loans |  |  | 8,263,171 |  |  |  | 8,001,504 |  |  |  | - |  |  |  | - |  |  |  | 8,001,504 |
Derivatives - interest rate contracts |  |  | 43,805 |  |  |  | 43,805 |  |  |  | - |  |  |  | 43,805 |  |  |  | - |
Accrued interest receivable |  |  | 49,108 |  |  |  | 49,108 |  |  |  | - |  |  |  | 5,387 |  |  |  | 43,721 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noninterest-bearing deposits |  |  | 1,259,364 |  |  |  | 1,259,364 |  |  |  | 1,259,364 |  |  |  | - |  |  |  | - |
Interest-bearing deposits |  |  | 6,276,838 |  |  |  | 6,256,444 |  |  |  | 3,745,467 |  |  |  | 2,510,977 |  |  |  | - |
Borrowings |  |  | 933,579 |  |  |  | 932,081 |  |  |  | - |  |  |  | 932,081 |  |  |  | - |
Subordinated debentures |  |  | 79,439 |  |  |  | 77,952 |  |  |  | - |  |  |  | 77,952 |  |  |  | - |
Accrued interest payable |  |  | 10,152 |  |  |  | 10,152 |  |  |  | - |  |  |  | 10,152 |  |  |  | - |

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- 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 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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 + Details
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