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v3.22.2.2

Note 14 - Fair Value (Tables) | 9 Months Ended
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Sep. 30, 2022
Notes Tables |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
|  | September 30, 2022 |
|  | Total |  |  | Fair Value Measurements Using |
(Amounts in thousands) |  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Available-for-sale debt securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Agency securities |  | $ | 1,488 |  |  | $ | - |  |  | $ | 1,488 |  |  | $ | - |
U.S. Treasury Notes |  |  | 156,460 |  |  |  | - |  |  |  | 156,460 |  |  |  | - |
Municipal securities |  |  | 23,061 |  |  |  | - |  |  |  | 23,061 |  |  |  | - |
Corporate Notes |  |  | 34,519 |  |  |  |  |  |  |  | 34,519 |  |  |  |  |
Agency mortgage-backed securities |  |  | 84,092 |  |  |  | - |  |  |  | 84,092 |  |  |  | - |
Total available-for-sale debt securities |  |  | 299,620 |  |  |  | - |  |  |  | 299,620 |  |  |  | - |
Equity securities |  |  | 55 |  |  |  | - |  |  |  | 55 |  |  |  | - |
Fair value loans |  |  | 3,950 |  |  |  | - |  |  |  | - |  |  |  | 3,950 |
Deferred compensation assets |  |  | 4,822 |  |  |  | 4,822 |  |  |  | - |  |  |  | - |
Deferred compensation liabilities |  |  | 4,822 |  |  |  | 4,822 |  |  |  | - |  |  |  | - |
|  | December 31, 2021 |
|  | Total |  |  | Fair Value Measurements Using |
(Amounts in thousands) |  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Available-for-sale debt securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Agency securities |  | $ | 466 |  |  | $ | - |  |  | $ | 466 |  |  | $ | - |
Municipal securities |  |  | 28,794 |  |  |  | - |  |  |  | 28,794 |  |  |  | - |
Corporate notes |  |  | 9,919 |  |  |  | - |  |  |  | 9,919 |  |  |  | - |
Agency mortgage-backed securities |  |  | 37,113 |  |  |  | - |  |  |  | 37,113 |  |  |  | - |
Total available-for-sale debt securities |  |  | 76,292 |  |  |  | - |  |  |  | 76,292 |  |  |  | - |
Equity securities |  |  | 55 |  |  |  | - |  |  |  | 55 |  |  |  | - |
Fair value loans |  |  | 13,106 |  |  |  | - |  |  |  | - |  |  |  | 13,106 |
Deferred compensation assets |  |  | 5,245 |  |  |  | 5,245 |  |  |  | - |  |  |  | - |
Deferred compensation liabilities |  |  | 5,245 |  |  |  | 5,245 |  |  |  | - |  |  |  | - |
Derivative liabilities |  |  | 837 |  |  |  | - |  |  |  | 837 |  |  |  | - |
Fair Value Measurements, Nonrecurring [Table Text Block] |
|  | September 30, 2022 |
|  | Total |  |  | Fair Value Measurements Using |
|  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
(Amounts in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateral dependent assets with specific reserves |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
OREO |  | $ | 559 |  |  | $ | - |  |  | $ | - |  |  | $ | 559 |
|  | December 31, 2021 |
|  | Total |  |  | Fair Value Measurements Using |
|  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
(Amounts in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateral dependent assets with specific reserves |  | $ | 2,312 |  |  | $ | - |  |  | $ | - |  |  | $ | 2,312 |
OREO |  |  | 1,015 |  |  |  | - |  |  |  | - |  |  |  | 1,015 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] |
|  |  |  | Discount Range |
| Valuation | Unobservable |  | (Weighted Average) |
| Technique | Input |  | September 30, 2022 |
Collateral dependent assets with specific reserves | Discounted appraisals(1) | Appraisal adjustments(2) |  |  | 0% to 0% (0%) |
OREO | Discounted appraisals(1) | Appraisal adjustments(2) |  |  | 10% to 95% (73%) |
|  |  |  | Discount Range |
| Valuation | Unobservable |  | (Weighted Average) |
| Technique | Input |  | December 31, 2021 |
Collateral dependent assets with specific reserves | Discounted appraisals(1) | Appraisal adjustments(2) |  |  | 0% to 11% (6%) |
OREO | Discounted appraisals(1) | Appraisal adjustments(2) |  |  | 0% to 87% (32%) |
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  | September 30, 2022 |
|  | Carrying |  |  |  |  |  |  | Fair Value Measurements Using |
(Amounts in thousands) |  | Amount |  |  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 229,095 |  |  | $ | 229,095 |  |  | $ | 229,095 |  |  | $ | - |  |  | $ | - |
Debt securities available for sale |  |  | 299,620 |  |  |  | 299,620 |  |  |  | - |  |  |  | 299,620 |  |  |  | - |
Equity securities |  |  | 55 |  |  |  | 55 |  |  |  | - |  |  |  | 55 |  |  |  | - |
Loans held for investment, net of allowance |  |  | 2,333,345 |  |  |  | 2,198,020 |  |  |  | - |  |  |  | - |  |  |  | 2,198,020 |
Derivative financial assets |  |  | 211 |  |  |  | 211 |  |  |  | - |  |  |  | 211 |  |  |  | - |
Interest receivable |  |  | 8,345 |  |  |  | 8,345 |  |  |  | - |  |  |  | 8,345 |  |  |  | - |
Deferred compensation assets |  |  | 4,822 |  |  |  | 4,822 |  |  |  | 4,822 |  |  |  | - |  |  |  | - |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Time deposits |  |  | 304,739 |  |  |  | 304,232 |  |  |  | - |  |  |  | 304,232 |  |  |  | - |
Securities sold under agreements to repurchase |  |  | 1,958 |  |  |  | 1,958 |  |  |  | - |  |  |  | 1,958 |  |  |  | - |
Interest payable |  |  | 180 |  |  |  | 180 |  |  |  | - |  |  |  | 180 |  |  |  | - |
Deferred compensation liabilities |  |  | 4,822 |  |  |  | 4,822 |  |  |  | 4,822 |  |  |  | - |  |  |  | - |
|  | December 31, 2021 |
|  | Carrying |  |  |  |  |  |  | Fair Value Measurements Using |
(Amounts in thousands) |  | Amount |  |  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 677,439 |  |  | $ | 677,439 |  |  | $ | 677,439 |  |  | $ | - |  |  | $ | - |
Debt securities available for sale |  |  | 76,292 |  |  |  | 76,292 |  |  |  | - |  |  |  | 76,292 |  |  |  | - |
Equity securities |  |  | 55 |  |  |  | 55 |  |  |  | - |  |  |  | 55 |  |  |  | - |
Loans held for investment, net of allowance |  |  | 2,137,711 |  |  |  | 2,108,513 |  |  |  | - |  |  |  | - |  |  |  | 2,108,513 |
Interest receivable |  |  | 7,900 |  |  |  | 7,900 |  |  |  | - |  |  |  | 7,900 |  |  |  | - |
Deferred compensation assets |  |  | 5,245 |  |  |  | 5,245 |  |  |  | 5,245 |  |  |  | - |  |  |  | - |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Time deposits |  |  | 354,863 |  |  |  | 352,000 |  |  |  | - |  |  |  | 352,000 |  |  |  | - |
Securities sold under agreements to repurchase |  |  | 1,536 |  |  |  | 1,536 |  |  |  | - |  |  |  | 1,536 |  |  |  | - |
Interest payable |  |  | 314 |  |  |  | 314 |  |  |  | - |  |  |  | 314 |  |  |  | - |
Deferred compensation liabilities |  |  | 5,245 |  |  |  | 5,245 |  |  |  | 5,245 |  |  |  | - |  |  |  | - |
Derivative liabilities |  |  | 837 |  |  |  | 837 |  |  |  | - |  |  |  | 837 |  |  |  | - |

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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/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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