XML 64 R50.htm IDEA: XBRL DOCUMENT

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