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Note 21 - Fair Value Measurements and Fair Value of Financial Instruments (Tables)
12 Months Ended
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   -