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v3.23.2

Note 4 - Investment Securities (Tables) | 6 Months Ended
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Jun. 30, 2023
Notes Tables |
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block] |
|  |  |  |  |  | Gross |  |  | Gross |  |  |  |  |
|  | Amortized |  |  | unrealized |  |  | unrealized |  |  | Fair |
(dollars in thousands) |  | cost |  |  | gains |  |  | losses |  |  | value |
June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Held-to-maturity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency - GSE |  | $ | 80,838 |  |  | $ | - |  |  | $ | (8,915 | ) |  | $ | 71,923 |
Obligations of states and political subdivisions |  |  | 142,641 |  |  |  | - |  |  |  | (22,480 | ) |  |  | 120,161 |
Total held-to-maturity securities |  | $ | 223,479 |  |  | $ | - |  |  | $ | (31,395 | ) |  | $ | 192,084 |
Available-for-sale debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency - GSE |  | $ | 31,131 |  |  | $ | - |  |  | $ | (4,185 | ) |  | $ | 26,946 |
Obligations of states and political subdivisions |  |  | 173,828 |  |  |  | 1 |  |  |  | (21,842 | ) |  |  | 151,987 |
MBS - GSE residential |  |  | 237,397 |  |  |  | - |  |  |  | (35,545 | ) |  |  | 201,852 |
Total available-for-sale debt securities |  | $ | 442,356 |  |  | $ | 1 |  |  | $ | (61,572 | ) |  | $ | 380,785 |
|  |  |  |  |  | Gross |  |  | Gross |  |  |  |  |
|  | Amortized |  |  | unrealized |  |  | unrealized |  |  | Fair |
(dollars in thousands) |  | cost |  |  | gains |  |  | losses |  |  | value |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Held-to-maturity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency - GSE |  | $ | 80,306 |  |  | $ | - |  |  | $ | (9,243 | ) |  | $ | 71,063 |
Obligations of states and political subdivisions |  |  | 142,438 |  |  |  | - |  |  |  | (26,221 | ) |  |  | 116,217 |
Total held-to-maturity securities |  | $ | 222,744 |  |  | $ | - |  |  | $ | (35,464 | ) |  | $ | 187,280 |
Available-for-sale debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency - GSE |  | $ | 36,076 |  |  | $ | - |  |  | $ | (4,543 | ) |  | $ | 31,533 |
Obligations of states and political subdivisions |  |  | 197,935 |  |  |  | 501 |  |  |  | (26,542 | ) |  |  | 171,894 |
MBS - GSE residential |  |  | 254,730 |  |  |  | - |  |  |  | (37,295 | ) |  |  | 217,435 |
Total available-for-sale debt securities |  | $ | 488,741 |  |  | $ | 501 |  |  | $ | (68,380 | ) |  | $ | 420,862 |
Investments Classified by Contractual Maturity Date [Table Text Block] |
|  | Amortized |  |  | Fair |
(dollars in thousands) |  | cost |  |  | value |
Held-to-maturity securities: |  |  |  |  |  |  |  |
Due in one year or less |  | $ | - |  |  | $ | - |
Due after one year through five years |  |  | 18,777 |  |  |  | 17,246 |
Due after five years through ten years |  |  | 71,172 |  |  |  | 62,607 |
Due after ten years |  |  | 133,530 |  |  |  | 112,231 |
Total held-to-maturity securities |  | $ | 223,479 |  |  | $ | 192,084 |
Available-for-sale securities: |  |  |  |  |  |  |  |
Debt securities: |  |  |  |  |  |  |  |
Due in one year or less |  | $ | 751 |  |  | $ | 752 |
Due after one year through five years |  |  | 21,252 |  |  |  | 18,951 |
Due after five years through ten years |  |  | 36,879 |  |  |  | 30,903 |
Due after ten years |  |  | 146,077 |  |  |  | 128,327 |
MBS - GSE residential |  |  | 237,397 |  |  |  | 201,852 |
Total available-for-sale debt securities |  | $ | 442,356 |  |  | $ | 380,785 |
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value [Table Text Block] |
|  | Less than 12 months |  |  | More than 12 months |  |  | Total |
|  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |
(dollars in thousands) |  | value |  |  | losses |  |  | value |  |  | losses |  |  | value |  |  | losses |
June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency - GSE |  | $ | - |  |  | $ | - |  |  | $ | 98,869 |  |  | $ | (13,100 | ) |  | $ | 98,869 |  |  | $ | (13,100 | )
Obligations of states and political subdivisions |  |  | 4,137 |  |  |  | (252 | ) |  |  | 267,258 |  |  |  | (44,070 | ) |  |  | 271,395 |  |  |  | (44,322 | )
MBS - GSE residential |  |  | 3,605 |  |  |  | (193 | ) |  |  | 198,247 |  |  |  | (35,352 | ) |  |  | 201,852 |  |  |  | (35,545 | )
Total |  | $ | 7,742 |  |  | $ | (445 | ) |  | $ | 564,374 |  |  | $ | (92,522 | ) |  | $ | 572,116 |  |  | $ | (92,967 | )
Number of securities |  |  | 18 |  |  |  |  |  |  |  | 419 |  |  |  |  |  |  |  | 437 |  |  |  |  |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency - GSE |  | $ | 9,285 |  |  | $ | (377 | ) |  | $ | 93,312 |  |  | $ | (13,409 | ) |  | $ | 102,597 |  |  | $ | (13,786 | )
Obligations of states and political subdivisions |  |  | 170,484 |  |  |  | (26,928 | ) |  |  | 112,353 |  |  |  | (25,835 | ) |  |  | 282,837 |  |  |  | (52,763 | )
MBS - GSE residential |  |  | 61,803 |  |  |  | (6,018 | ) |  |  | 155,632 |  |  |  | (31,277 | ) |  |  | 217,435 |  |  |  | (37,295 | )
Total |  | $ | 241,572 |  |  | $ | (33,323 | ) |  | $ | 361,297 |  |  | $ | (70,521 | ) |  | $ | 602,869 |  |  | $ | (103,844 | )
Number of securities |  |  | 272 |  |  |  |  |  |  |  | 213 |  |  |  |  |  |  |  | 485 |  |  |  |  |

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