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v3.22.2.2

Note 2 - Securities (Tables) | 9 Months Ended
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Sep. 30, 2022
Notes Tables |
Debt Securities, Trading, and Equity Securities, FV-NI [Table Text Block] |
|  | September 30, 2022 |
|  |  |  |  |  | Gross |  |  | Gross |  |  |  |  |
(Dollars in thousands) |  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
Equity securities |  | $ | 8,445 |  |  | $ | 272 |  |  | $ | (740 | ) |  | $ | 7,977 |
|  | December 31, 2021 |
|  |  |  |  |  | Gross |  |  | Gross |  |  |  |  |
(Dollars in thousands) |  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
Equity securities |  | $ | 7,953 |  |  | $ | 665 |  |  | $ | (126 | ) |  | $ | 8,492 |
Debt Securities, Available-for-Sale and Held-to-Maturity [Table Text Block] |
|  | September 30, 2022 |
|  |  |  |  |  | Gross |  |  | Gross |  |  |  |  |
(Dollars in thousands) |  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
Available for Sale: |  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
U.S. Treasury notes and bonds |  | $ | 90,926 |  |  | $ | - |  |  | $ | (13,372 | ) |  | $ | 77,554 |
State and municipal |  |  | 281,298 |  |  |  | - |  |  |  | (57,311 | ) |  |  | 223,987 |
Mortgage-backed |  |  | 242,095 |  |  |  | - |  |  |  | (27,404 | ) |  |  | 214,691 |
Corporate |  |  | 757 |  |  |  | - |  |  |  | (41 | ) |  |  | 716 |
Asset-backed securities |  |  | 13,653 |  |  |  | - |  |  |  | (508 | ) |  |  | 13,145 |
Total |  | $ | 628,729 |  |  | $ | - |  |  | $ | (98,636 | ) |  | $ | 530,093 |
Held to Maturity: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government and federal agency |  | $ | 2,965 |  |  | $ | - |  |  | $ | (415 | ) |  | $ | 2,550 |
State and municipal |  |  | 202,406 |  |  |  | - |  |  |  | (42,485 | ) |  |  | 159,921 |
Mortgage-backed |  |  | 202,131 |  |  |  | - |  |  |  | (31,296 | ) |  |  | 170,835 |
Corporate |  |  | 19,597 |  |  |  | - |  |  |  | (2,068 | ) |  |  | 17,529 |
Asset-backed securities |  |  | 1,106 |  |  |  | - |  |  |  | (83 | ) |  |  | 1,023 |
Total |  | $ | 428,205 |  |  | $ | - |  |  | $ | (76,347 | ) |  | $ | 351,858 |
|  | December 31, 2021 |
|  |  |  |  |  | Gross |  |  | Gross |  |  |  |  |
(Dollars in thousands) |  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
Available for Sale: |  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
U.S. Government and federal agency |  | $ | 2,001 |  |  | $ | 7 |  |  | $ | - |  |  | $ | 2,008 |
U.S. Treasury notes and bonds |  |  | 93,267 |  |  |  | 23 |  |  |  | (1,311 | ) |  |  | 91,979 |
State and municipal |  |  | 528,252 |  |  |  | 10,704 |  |  |  | (4,109 | ) |  |  | 534,847 |
Mortgage-backed |  |  | 441,383 |  |  |  | 781 |  |  |  | (9,049 | ) |  |  | 433,115 |
Corporate |  |  | 20,856 |  |  |  | 19 |  |  |  | (233 | ) |  |  | 20,642 |
Asset-backed securities |  |  | 16,387 |  |  |  | - |  |  |  | (93 | ) |  |  | 16,294 |
Total |  | $ | 1,102,146 |  |  | $ | 11,534 |  |  | $ | (14,795 | ) |  | $ | 1,098,885 |
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value [Table Text Block] |
|  | September 30, 2022 |
|  | Less than 12 months |  |  | More than 12 months |  |  | Total |
(Dollars in thousands) |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |
Available for Sale: |  | Value |  |  | Losses |  |  | Value |  |  | Losses |  |  | Value |  |  | Losses |
U.S. Government and federal agency |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
U.S. Treasury notes and bonds |  |  | - |  |  |  | - |  |  |  | 77,554 |  |  |  | 13,372 |  |  |  | 77,554 |  |  |  | 13,372 |
State and municipal |  |  | 181,857 |  |  |  | 44,576 |  |  |  | 40,756 |  |  |  | 12,735 |  |  |  | 222,613 |  |  |  | 57,311 |
Mortgage-backed |  |  | 86,499 |  |  |  | 4,410 |  |  |  | 125,765 |  |  |  | 22,994 |  |  |  | 212,264 |  |  |  | 27,404 |
Corporate |  |  | 716 |  |  |  | 41 |  |  |  | - |  |  |  | - |  |  |  | 716 |  |  |  | 41 |
Asset-backed securities |  |  | - |  |  |  | - |  |  |  | 13,145 |  |  |  | 508 |  |  |  | 13,145 |  |  |  | 508 |
Total temporarily impaired |  | $ | 269,072 |  |  | $ | 49,027 |  |  | $ | 257,220 |  |  | $ | 49,609 |  |  | $ | 526,292 |  |  | $ | 98,636 |
|  | December 31, 2021 |
|  | Less than 12 months |  |  | More than 12 months |  |  | Total |
(Dollars in thousands) |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |
Available for Sale: |  | Value |  |  | Losses |  |  | Value |  |  | Losses |  |  | Value |  |  | Losses |
U.S. Government and federal agency |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
U.S. Treasury notes and bonds |  |  | 89,958 |  |  |  | 1,311 |  |  |  | - |  |  |  | - |  |  |  | 89,958 |  |  |  | 1,311 |
State and municipal |  |  | 130,001 |  |  |  | 3,253 |  |  |  | 15,237 |  |  |  | 856 |  |  |  | 145,238 |  |  |  | 4,109 |
Mortgage-backed |  |  | 261,560 |  |  |  | 5,709 |  |  |  | 86,974 |  |  |  | 3,340 |  |  |  | 348,534 |  |  |  | 9,049 |
Corporate |  |  | 17,369 |  |  |  | 233 |  |  |  | - |  |  |  | - |  |  |  | 17,369 |  |  |  | 233 |
Asset-backed securities |  |  | 16,294 |  |  |  | 93 |  |  |  | - |  |  |  | - |  |  |  | 16,294 |  |  |  | 93 |
Total temporarily impaired |  | $ | 515,182 |  |  | $ | 10,599 |  |  | $ | 102,211 |  |  | $ | 4,196 |  |  | $ | 617,393 |  |  | $ | 14,795 |
Debt Securities, Held-to-Maturity [Table Text Block] |
|  | September 30, 2022 |
|  | Less than 12 months |  |  | More than 12 months |  |  | Total |
(Dollars in thousands) |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |
Held to Maturity: |  | Value |  |  | Losses |  |  | Value |  |  | Losses |  |  | Value |  |  | Losses |
U.S. Government and federal agency |  | $ | - |  |  | $ | - |  |  | $ | 2,550 |  |  | $ | 415 |  |  | $ | 2,550 |  |  | $ | 415 |
U.S. Treasury notes and bonds |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
State and municipal |  |  | 105,390 |  |  |  | 25,177 |  |  |  | 54,531 |  |  |  | 17,308 |  |  |  | 159,921 |  |  |  | 42,485 |
Mortgage-backed |  |  | 59,007 |  |  |  | 6,495 |  |  |  | 111,828 |  |  |  | 24,801 |  |  |  | 170,835 |  |  |  | 31,296 |
Corporate |  |  | 11,371 |  |  |  | 1,512 |  |  |  | 4,909 |  |  |  | 556 |  |  |  | 16,280 |  |  |  | 2,068 |
Asset-backed securities |  |  | - |  |  |  | - |  |  |  | 1,023 |  |  |  | 83 |  |  |  | 1,023 |  |  |  | 83 |
Total temporarily impaired |  | $ | 175,768 |  |  | $ | 33,184 |  |  | $ | 174,841 |  |  | $ | 43,163 |  |  | $ | 350,609 |  |  | $ | 76,347 |
Investments Classified by Contractual Maturity Date [Table Text Block] |
|  | Available for Sale Securities maturing within: |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Fair Value |
|  | Less than |  |  | 1 Year - |  |  | 5 Years - |  |  | More than |  |  | at September 30, |
(Dollars in thousands) |  | 1 Year |  |  | 5 Years |  |  | 10 Years |  |  | 10 Years |  |  | 2022 |
U.S. Treasury notes and bonds |  | $ | - |  |  | $ | - |  |  | $ | 77,554 |  |  | $ | - |  |  | $ | 77,554 |
State and municipal |  |  | 9,609 |  |  |  | 7,929 |  |  |  | 38,202 |  |  |  | 168,247 |  |  |  | 223,987 |
Corporate |  |  | - |  |  |  | 497 |  |  |  | 219 |  |  |  | - |  |  |  | 716 |
Asset-backed securities |  |  | - |  |  |  | 9,481 |  |  |  | 3,664 |  |  |  | - |  |  |  | 13,145 |
Total debt securities |  |  | 9,609 |  |  |  | 17,907 |  |  |  | 119,639 |  |  |  | 168,247 |  |  |  | 315,402 |
Mortgage-backed securities |  |  | 19,362 |  |  |  | 98,970 |  |  |  | 90,161 |  |  |  | 6,198 |  |  |  | 214,691 |
Total Available for Sale |  | $ | 28,971 |  |  | $ | 116,877 |  |  | $ | 209,800 |  |  | $ | 174,445 |  |  | $ | 530,093 |
|  | Held to Maturity Securities maturing within: |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Amortized Cost |
|  | Less than |  |  | 1 Year - |  |  | 5 Years - |  |  | More than |  |  | at September 30, |
(Dollars in thousands) |  | 1 Year |  |  | 5 Years |  |  | 10 Years |  |  | 10 Years |  |  | 2022 |
U.S. Government and federal agency |  | $ | - |  |  | $ | - |  |  | $ | 2,965 |  |  | $ | - |  |  | $ | 2,965 |
State and municipal |  |  | 2,348 |  |  |  | 5,180 |  |  |  | 68,447 |  |  |  | 126,431 |  |  |  | 202,406 |
Corporate |  |  | - |  |  |  | 250 |  |  |  | 18,347 |  |  |  | 1,000 |  |  |  | 19,597 |
Asset-backed securities |  |  | - |  |  |  | 1,106 |  |  |  | - |  |  |  | - |  |  |  | 1,106 |
Total debt securities |  |  | 2,348 |  |  |  | 6,536 |  |  |  | 89,759 |  |  |  | 127,431 |  |  |  | 226,074 |
Mortgage-backed securities |  |  | - |  |  |  | 56,033 |  |  |  | 146,098 |  |  |  | - |  |  |  | 202,131 |
Total Held to Maturity |  | $ | 2,348 |  |  | $ | 62,569 |  |  | $ | 235,857 |  |  | $ | 127,431 |  |  | $ | 428,205 |
Gain (Loss) on Securities [Table Text Block] |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Net gains and (losses) recognized during the period |  | $ | (323 | ) |  | $ | (28 | ) |  | $ | (1,006 | ) |  | $ | 461 |
Less: Net gains and (losses) recognized during the period on securities sold |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Unrealized gains and (losses) recognized during the reporting period on securities still held at the reporting date |  | $ | (323 | ) |  | $ | (28 | ) |  | $ | (1,006 | ) |  | $ | 461 |

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