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Note 6 - Derivatives (Tables)

3 Months Ended

Mar. 31, 2024

Notes Tables

Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

						Cumulative Amount of Fair Value
Line item in the statement of financial						Hedging Adjustment Included in
position in which the hedged Item is		Carrying Amount of the				the Carrying Amount of the
included		Hedged Assets				Hedged Assets
March 31, 2024
Investment securities (1)		$	55,560			$	4,440
Total		$	55,560			$	4,440
December 31, 2023
Investment securities (1)		$	56,785			$	3,215
Total		$	56,785			$	3,215

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

		March 31, 2024
						Fair Value
Cash flow hedges:		Notional				Asset				Liability
Interest rate swaps - brokered deposits		$	190,000			$	4,960			$	—
Fair value hedges:
Interest rate swaps - securities			60,000				4,420				—
Non-hedging derivatives:
Fallout adjusted interest rate lock commitments with customers			29,238				251				—
Mandatory and best effort forward commitments with investors			36,310				—				73
Forward TBA mortgage-backed securities			38,000				—				78
Interest rate swaps - customer swap positions			801				—				73
Interest rate swaps - dealer offsets to customer swap positions			801				73				—

		December 31, 2023
						Fair Value
Cash flow hedges:		Notional				Asset				Liability
Interest rate swaps - brokered deposits		$	250,000			$	3,233			$	375
Fair value hedges:
Interest rate swaps - securities			60,000				3,198				—
Non-hedging derivatives:
Fallout adjusted interest rate lock commitments with customers			22,334				329				—
Mandatory and best effort forward commitments with investors			10,070				—				188
Forward TBA mortgage-backed securities			33,000				—				284
Interest rate swaps - customer swap positions			801				—				63
Interest rate swaps - dealer offsets to customer swap positions			801				64				—

Derivative Instruments, Gain (Loss) [Table Text Block]

		Three Months Ended March 31,
		2024								2023
		Interest				Interest				Interest				Interest
		Expense				Income				Expense				Income
		Deposits				Securities				Deposits				Securities
Total amounts presented on the Consolidated Statements of Income		$	12,882			$	3,883			$	6,624			$	2,620
Net gains (losses) on fair value hedging relationships:
Interest rate swaps - securities
Recognized on hedged items		$	—			$	(1,225	)		$	—			$	1,495
Recognized on derivatives designated as hedging instruments			—				1,225				—				(1,495	)
Net interest income recognized on cash flows of derivatives designated as hedging instruments			—				418				—				293
Net income recognized on fair value hedges		$	—			$	418			$	—			$	293
Net gain on cash flow hedging relationships:
Interest rate swaps - brokered deposits and borrowings
Realized gains (pre-tax) reclassified from AOCI into net income		$	1,722			$	—			$	907			$	—
Net income recognized on cash flow hedges		$	1,722			$	—			$	907			$	—

Offsetting Assets [Table Text Block]

						Gross Amounts				Net Amounts of Assets				Gross Amounts Not Offset
		Gross Amounts				Offset in the				Presented in the				in the Statement of Financial Position
		of Recognized				Statement of				Statement of				Financial				Cash Collateral
Offsetting of derivative assets		Assets				Financial Position				Financial Position				Instruments				Received				Net Amount
At March 31, 2024
Interest rate swaps		$	9,628			$	175			$	9,453			$	—			$	(1,070	)		$	8,383
At December 31, 2023
Interest rate swaps		$	6,648			$	153			$	6,495			$	—			$	—			$	6,495

Offsetting Liabilities [Table Text Block]

					Gross Amounts			Net Amounts of			Gross Amounts Not Offset
		Gross Amounts			Offset in the			Liabilities			in the Statement of Financial Position
		of Recognized			Statement of			Presented in the Statement			Financial			Cash Collateral
Offsetting of derivative liabilities		Liabilities			Financial Position			of Financial Position			Instruments			Posted			Net Amount
At March 31, 2024
Interest rate swaps		$	—		$	—		$	—		$	—		$	—		$	—
At December 31, 2023
Interest rate swaps		$	(722	)	$	(347	)	$	(375	)	$	—		$	270		$	(105	)

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