XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.24.3

Note 12 - Long-term Debt | 9 Months Ended
--- | ---
Sep. 30, 2024
Notes to Financial Statements |
Long-Term Debt [Text Block] | NOTE 12 Long‑Term Debt Long‑term debt as of September 30, 2024 and December 31, 2023 consisted of the following:
|  | September 30, 2024
|  |  |  |  |  |  |  |  |  |  |  | Period End |  |  |  |  |
|  | Face |  |  | Carrying |  |  |  |  | Interest |  |  | Maturity |  |
(dollars in thousands) |  | Value |  |  | Value |  |  | Interest Rate |  | Rate |  |  | Date |  | Call Date
Subordinated notes payable |  | $ | 50,000 |  |  | $ | 50,000 |  |  | Fixed |  |  | 3.50 | % |  | 3/30/2031 |  | 3/31/2026
Junior subordinated debenture (Trust I) |  |  | 4,124 |  |  |  | 3,616 |  |  | Three-month CME SOFR + 0.26% + 3.10% |  |  | 8.02 | % |  | 6/26/2033 |  | 6/26/2008
Junior subordinated debenture (Trust II) |  |  | 6,186 |  |  |  | 5,425 |  |  | Three-month CME SOFR + 0.26% + 1.80% |  |  | 7.01 | % |  | 9/15/2036 |  | 9/15/2011
Total long-term debt |  | $ | 60,310 |  |  | $ | 59,041 |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2023
|  |  |  |  |  |  |  |  |  |  |  | Period End |  |  |  |  |
|  | Face |  |  | Carrying |  |  |  |  | Interest |  |  | Maturity |  |
(dollars in thousands) |  | Value |  |  | Value |  |  | Interest Rate |  | Rate |  |  | Date |  | Call Date
Subordinated notes payable |  | $ | 50,000 |  |  | $ | 50,000 |  |  | Fixed |  |  | 3.50 | % |  | 3/30/2031 |  | 3/31/2026
Junior subordinated debenture (Trust I) |  |  | 4,124 |  |  |  | 3,583 |  |  | Three-month CME SOFR + 0.26% + 3.10% |  |  | 8.72 | % |  | 6/26/2033 |  | 6/26/2008
Junior subordinated debenture (Trust II) |  |  | 6,186 |  |  |  | 5,373 |  |  | Three-month CME SOFR + 0.26% + 1.80% |  |  | 7.45 | % |  | 9/15/2036 |  | 9/15/2011
Total long-term debt |  | $ | 60,310 |  |  | $ | 58,956 |  |  |  |  |  |  |  |  |  |  |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/470/tableOfContent + Details
Name: | us-gaap_LongTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration