XML 48 R34.htm IDEA: XBRL DOCUMENT v3.23.1
Note 2 - Securities (Tables)
12 Months Ended
Dec. 31, 2022
Notes Tables  
Debt Securities, Trading, and Equity Securities, FV-NI [Table Text Block]
  

December 31, 2022

 
      

Gross

  

Gross

     

(Dollars in thousands)

 

Amortized

  

Unrealized

  

Unrealized

  

Fair

 
  

Cost

  

Gains

  

Losses

  

Value

 

Equity securities

 $8,982  $305  $(721) $8,566 
  

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 [Table Text Block]
  

December 31, 2022

 
      

Gross

  

Gross

     

(Dollars in thousands)

 

Amortized

  

Unrealized

  

Unrealized

  

Fair

 

Available for Sale:

 Cost  Gains  Losses  Value 

U.S. Government and federal agency

 $-  $-  $-  $- 

U.S. Treasury notes and bonds

  90,810   -   (12,606)  78,204 

State and municipal

  277,489   -   (47,551)  229,938 

Mortgage-backed

  236,703   -   (28,140)  208,563 

Corporate

  757   -   (46)  711 

Asset-backed securities

  13,031   -   (698)  12,333 

Total

 $618,790  $-  $(89,041) $529,749 
  

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, Held-to-Maturity [Table Text Block]
  

December 31, 2022

 
      

Gross

  

Gross

     

(Dollars in thousands)

 

Amortized

  

Unrealized

  

Unrealized

  

Fair

 

Held to Maturity:

 

Cost

  

Gains

  

Losses

  

Value

 

U.S. Government and federal agency

 $2,966  $-  $(421) $2,545 

State and municipal

  201,890   1   (39,355)  162,536 

Mortgage-backed

  200,473   -   (29,868)  170,605 

Corporate

  19,603   -   (2,285)  17,318 

Asset-backed securities

  974   -   (77)  897 

Total

 $425,906  $1  $(72,006) $353,901 
Schedule of Realized Gain (Loss) [Table Text Block]

(Dollars in thousands)

            
  

2022

  

2021

  

2020

 

Proceeds from sales of securities

 $47,167  $29,742  $121,942 

Gross realized gains

  -   -   1,308 

Gross realized losses

  (809)  (40)  - 
Investments Classified by Contractual Maturity Date [Table Text Block]

(Dollars in thousands)

 

Amortized

  

Fair

 
  

Cost

  

Value

 

Due within one year

 $6,035  $5,972 

Due after one year through five years

  17,069   16,176 

Due after five years through ten years

  149,578   130,215 

Due after ten years

  209,405   168,823 

Total debt securities

  382,087   321,186 

Mortgage-backed securities

  236,703   208,563 

Total

 $618,790  $529,749 

(Dollars in thousands)

 

Amortized

  

Fair

 
  

Cost

  

Value

 

Due within one year

 $2,417  $2,389 

Due after one year through five years

  6,262   5,834 

Due after five years through ten years

  109,263   92,553 

Due after ten years

  107,491   82,520 

Total debt securities

  225,433   183,296 

Mortgage-backed securities

  200,473   170,605 

Total

 $425,906  $353,901 
Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]

(Dollars in thousands)

 

2022

  

2021

 

Securities pledged for Community Reinvestment Act credits

 $250  $273 
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value [Table Text Block]
  

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

  -   -   78,204   12,606   78,204   12,606 

State and municipal

  89,158   12,612   140,390   34,939   229,548   47,551 

Mortgage-backed

  63,249   3,093   144,318   25,047   207,567   28,140 

Corporate

  711   46   -   -   711   46 

Asset-backed securities

  -   -   12,333   698   12,333   698 

Total temporarily impaired

 $153,118  $15,751  $375,245  $73,290  $528,363  $89,041 
  

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, Unrealized Loss Position, Fair Value [Table Text Block]
  

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

 $-  $-  $2,545  $421  $2,545  $421 

State and municipal

  13,457   1,899   149,016   37,456   162,473   39,355 

Mortgage-backed

  25,582   822   145,024   29,046   170,606   29,868 

Corporate

  5,296   603   10,771   1,682   16,067   2,285 

Asset-backed securities

  -   -   897   77   897   77 

Total temporarily impaired

 $44,335  $3,324  $308,253  $68,682  $352,588  $72,006 
Gain (Loss) on Securities [Table Text Block]
  

2022

  

2021

  

2020

 
             

Net gains and losses recognized during the period

 $(955) $479  $(155)

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

 $(955) $479  $(155)