XML 64 R50.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Note 18 - Fair Value Measurements and Fair Value of Financial Instruments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Notes Tables |
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block] |
(dollars in thousands) |  | Fair Value Measurements Using: |  |  |  |  |
December 31, 2023 |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets measured at fair value: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
On a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government agency securities |  | $ | — |  |  | $ | 8,161 |  |  | $ | — |  |  | $ | 8,161 |
SBA agency securities |  |  | — |  |  |  | 13,217 |  |  |  | — |  |  |  | 13,217 |
Mortgage-backed securities |  |  | — |  |  |  | 34,652 |  |  |  | — |  |  |  | 34,652 |
Collateralized mortgage obligations |  |  | — |  |  |  | 149,626 |  |  |  | — |  |  |  | 149,626 |
Commercial paper |  |  | — |  |  |  | 73,105 |  |  |  | — |  |  |  | 73,105 |
Corporate debt securities |  |  | — |  |  |  | 30,691 |  |  |  | — |  |  |  | 30,691 |
Municipal securities |  |  | — |  |  |  | 9,509 |  |  |  | — |  |  |  | 9,509 |
Interest Rate Lock Contracts |  |  | — |  |  |  | — |  |  |  | 32 |  |  |  | 32 |
Forward Mortgage Loan Sale Contracts |  |  | — |  |  |  | — |  |  |  | 14 |  |  |  | 14 |
|  | $ | — |  |  | $ | 318,961 |  |  | $ | 46 |  |  | $ | 319,007 |
On a non-recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate loans - collateral-dependent impaired loans |  | $ | — |  |  | $ | — |  |  | $ | 10,209 |  |  | $ | 10,209 |
SBA loans - collateral-dependent impaired loans |  |  | — |  |  |  | — |  |  |  | 1,148 |  |  |  | 1,148 |
|  | $ | — |  |  | $ | — |  |  | $ | 11,357 |  |  | $ | 11,357 |
December 31, 2022 |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets measured at fair value: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
On a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government agency securities |  | $ | — |  |  | $ | 4,495 |  |  | $ | — |  |  | $ | 4,495 |
SBA agency securities |  |  | — |  |  |  | 2,411 |  |  |  | — |  |  |  | 2,411 |
Mortgage-backed securities |  |  | — |  |  |  | 42,928 |  |  |  | — |  |  |  | 42,928 |
Collateralized mortgage obligations |  |  | — |  |  |  | 111,593 |  |  |  | — |  |  |  | 111,593 |
Commercial paper |  |  | — |  |  |  | 49,537 |  |  |  | — |  |  |  | 49,537 |
Corporate debt securities |  |  | — |  |  |  | 37,012 |  |  |  | — |  |  |  | 37,012 |
Municipal securities |  |  | — |  |  |  | 8,854 |  |  |  | — |  |  |  | 8,854 |
Forward Mortgage Loan Sale Contracts |  |  | — |  |  |  | — |  |  |  | 18 |  |  |  | 18 |
|  | $ | — |  |  | $ | 256,830 |  |  | $ | 18 |  |  | $ | 256,848 |
On a non-recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other real estate owned |  | $ | — |  |  | $ | — |  |  | $ | 577 |  |  | $ | 577 |
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  |  | December 31, 2023 |  |  | December 31, 2022 |
| Fair Value |  | Carrying |  |  | Fair |  |  | Carrying |  |  | Fair |
(dollars in thousands) | Hierarchy |  | Value |  |  | Value |  |  | Value |  |  | Value |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks | Level 1 |  | $ | 431,373 |  |  | $ | 431,373 |  |  | $ | 83,548 |  |  | $ | 83,548 |
Interest-earning deposits in other financial institutions | Level 1 |  |  | 600 |  |  |  | 600 |  |  |  | 600 |  |  |  | 600 |
Investment securities - AFS | Level 2 |  |  | 318,961 |  |  |  | 318,961 |  |  |  | 256,830 |  |  |  | 256,830 |
Investment securities - HTM | Level 2 |  |  | 5,209 |  |  |  | 5,097 |  |  |  | 5,729 |  |  |  | 5,563 |
Mortgage loans held for sale | Level 2 |  |  | 1,911 |  |  |  | 1,845 |  |  |  | — |  |  |  | — |
Loans, net | Level 3 |  |  | 2,989,958 |  |  |  | 2,918,296 |  |  |  | 3,295,373 |  |  |  | 3,251,464 |
Equity securities (1) | Level 3 |  |  | 22,251 |  |  |  | 22,251 |  |  |  | 22,238 |  |  |  | 22,238 |
Servicing assets | Level 3 |  |  | 8,110 |  |  |  | 14,883 |  |  |  | 9,521 |  |  |  | 21,712 |
Accrued interest receivable (1) | Level 1/2/3 |  |  | 13,743 |  |  |  | 13,743 |  |  |  | 14,536 |  |  |  | 14,536 |
|  |  | Notional |  |  | Fair |  |  | Notional |  |  | Fair |
Derivative assets: |  |  | Value |  |  | Value |  |  | Value |  |  | Value |
Interest Rate Lock Contracts (1) | Level 3 |  | $ | 1,255 |  |  | $ | 32 |  |  | $ | — |  |  | $ | — |
Forward Mortgage Loan Sale Contracts (1) | Level 3 |  |  | 1,104 |  |  |  | 14 |  |  |  | 1,179 |  |  |  | 18 |
|  |  | Carrying |  |  | Fair |  |  | Carrying |  |  | Fair |
Financial Liabilities: |  |  | Value |  |  | Value |  |  | Value |  |  | Value |
Deposits | Level 2 |  | $ | 3,174,760 |  |  | $ | 3,181,495 |  |  | $ | 2,977,683 |  |  | $ | 2,960,529 |
FHLB advances | Level 3 |  |  | 150,000 |  |  |  | 144,891 |  |  |  | 220,000 |  |  |  | 210,470 |
Long-term debt | Level 3 |  |  | 119,147 |  |  |  | 83,864 |  |  |  | 173,585 |  |  |  | 132,709 |
Subordinated debentures | Level 3 |  |  | 14,938 |  |  |  | 14,566 |  |  |  | 14,720 |  |  |  | 14,195 |
Accrued interest payable | Level 2/3 |  |  | 11,671 |  |  |  | 11,671 |  |  |  | 3,711 |  |  |  | 3,711 |

X
- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2C -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2C Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-11 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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