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Note 5 - Derivatives (Tables)

9 Months Ended

Sep. 30, 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
September 30, 2024
Investment securities (1)		$	57,829			$	2,171
Total		$	57,829			$	2,171
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]

		September 30, 2024
						Fair Value
Cash flow and fair value hedges:		Notional				Asset				Liability
Interest rate swaps		$	340,000			$	1,943			$	1,175
Non-hedging derivatives:
Fallout adjusted interest rate lock commitments with customers			36,838				292				—
Mandatory and best effort forward commitments with investors			25,199				—				77
Forward TBA mortgage-backed securities			54,000				—				61
Interest rate swaps - customer swap positions			801				—				46
Interest rate swaps - dealer offsets to customer swap positions			801				47				—

		December 31, 2023
						Fair Value
Cash flow and fair value hedges:		Notional				Asset				Liability
Interest rate swaps		$	310,000			$	6,431			$	375
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 September 30,
		2024								2023
		Interest				Interest				Interest				Interest
		Expense				Income				Expense				Income
		Deposits and Borrowings				Securities				Deposits and Borrowings				Securities
Total amounts presented on the Consolidated Statements of Income		$	15,314			$	3,243			$	12,151			$	3,396
Net gains (losses) on fair value hedging relationships:
Interest rate swaps - securities
Recognized on hedged items		$	—			$	2,432			$	—			$	(1,286	)
Recognized on derivatives designated as hedging instruments			—				(2,432	)			—				1,286
Net interest income recognized on cash flows of derivatives designated as hedging instruments			—				433				—				556
Net income recognized on fair value hedges		$	—			$	433			$	—			$	556
Net gain on cash flow hedging relationships:
Interest rate swaps - brokered deposits and borrowings
Realized gains (pre-tax) reclassified from AOCI into net income		$	1,151			$	—			$	1,446			$	—
Net income recognized on cash flow hedges		$	1,151			$	—			$	1,446			$	—

		Nine Months Ended September 30,
		2024								2023
		Interest				Interest				Interest				Interest
		Expense				Income				Expense				Income
		Deposits and Borrowings				Securities				Deposits and Borrowings				Securities
Total amounts presented on the Consolidated Statements of Income		$	44,416			$	10,660			$	28,445			$	8,667
Net gains (losses) on fair value hedging relationships:
Interest rate swaps - securities
Recognized on hedged items		$	—			$	1,044			$	—			$	(689	)
Recognized on derivatives designated as hedging instruments			—				(1,044	)			—				689
Net interest income recognized on cash flows of derivatives designated as hedging instruments			—				1,272				—				1,212
Net income recognized on fair value hedges		$	—			$	1,272			$	—			$	1,212
Net gain on cash flow hedging relationships:
Interest rate swaps - brokered deposits and borrowings
Realized gains (pre-tax) reclassified from AOCI into net income		$	4,021			$	—			$	3,624			$	—
Net income recognized on cash flow hedges		$	4,021			$	—			$	3,624			$	—

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 September 30, 2024
Interest rate swaps		$	3,350			$	1,360			$	1,990			$	—			$	—			$	1,990
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 September 30, 2024
Interest rate swaps		$	(2,535)			$	(1,360)			$	(1,175)			$	—			$	1,000			$	(175)
At December 31, 2023
Interest rate swaps		$	(722)			$	(347)			$	(375)			$	—			$	270			$	(105)

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