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Note 4 - Securities (Tables)
9 Months Ended
Sep. 30, 2024
Notes Tables  
Debt Securities, Available-for-Sale [Table Text Block]

September 30, 2024

 

Amortized
Cost

 

 

Gross
Unrealized Gains

 

 

Gross
Unrealized Losses

 

 

Fair Value

 

U.S. government agencies and corporations

 

$

353,077

 

 

$

-

 

 

$

32,645

 

 

$

320,432

 

States and political subdivisions

 

 

178,270

 

 

 

-

 

 

 

25,542

 

 

 

152,728

 

Mortgage-backed securities

 

 

146,619

 

 

 

53

 

 

 

4,427

 

 

 

142,245

 

Corporate debt securities

 

 

6,507

 

 

 

-

 

 

 

631

 

 

 

5,876

 

U.S. treasury

 

 

999

 

 

 

-

 

 

 

9

 

 

 

990

 

Total securities available for sale

 

$

685,472

 

 

$

53

 

 

$

63,254

 

 

$

622,271

 

 

December 31, 2023

 

Amortized
Cost

 

 

Gross
Unrealized Gains

 

 

Gross
Unrealized Losses

 

 

Fair Value

 

U.S. government agencies and corporations

 

$

353,904

 

 

$

-

 

 

$

42,060

 

 

$

311,844

 

States and political subdivisions

 

 

179,507

 

 

 

-

 

 

 

29,614

 

 

 

149,893

 

Mortgage-backed securities

 

 

156,875

 

 

 

-

 

 

 

6,724

 

 

 

150,151

 

Corporate debt securities

 

 

6,504

 

 

 

-

 

 

 

754

 

 

 

5,750

 

U.S. treasury

 

 

996

 

 

 

-

 

 

 

33

 

 

 

963

 

Total securities available for sale

 

$

697,786

 

 

$

-

 

 

$

79,185

 

 

$

618,601

 

Investments Classified by Contractual Maturity Date [Table Text Block]

 

September 30, 2024

 

 

Amortized Cost

 

 

Fair Value

 

Available for Sale:

 

 

 

 

 

 

Due in one year or less

 

$

30,957

 

 

$

30,674

 

Due after one year through five years

 

 

202,285

 

 

 

191,613

 

Due after five years through ten years

 

 

249,367

 

 

 

217,742

 

Due after ten years

 

 

202,863

 

 

 

182,242

 

Total securities available for sale

 

$

685,472

 

 

$

622,271

 

Gain (Loss) on Securities [Table Text Block]

September 30, 2024

 

Less Than 12 Months

 

 

12 Months or More

 

 

Fair
Value

 

 

Gross Unrealized
Losses

 

 

Fair
Value

 

 

Gross Unrealized
Losses

 

U.S. government agencies and corporations

 

$

-

 

 

$

-

 

 

$

320,432

 

 

$

32,645

 

State and political subdivisions

 

 

924

 

 

 

78

 

 

 

151,803

 

 

 

25,464

 

Mortgage-backed securities

 

 

3

 

 

 

-

 

 

 

119,869

 

 

 

4,427

 

Corporate debt securities

 

 

-

 

 

 

-

 

 

 

5,876

 

 

 

631

 

U.S. treasury

 

 

-

 

 

 

-

 

 

 

990

 

 

 

9

 

Total temporarily impaired securities

 

$

927

 

 

$

78

 

 

$

598,970

 

 

$

63,176

 

 

December 31, 2023

 

Less Than 12 Months

 

 

12 Months or More

 

 

Fair
Value

 

 

Gross Unrealized
Losses

 

 

Fair
Value

 

 

Gross Unrealized
Losses

 

U.S. government agencies and corporations

 

$

-

 

 

$

-

 

 

$

311,844

 

 

$

42,060

 

State and political subdivisions

 

 

884

 

 

 

1

 

 

 

148,763

 

 

 

29,613

 

Mortgage-backed securities

 

 

1,616

 

 

 

26

 

 

 

147,922

 

 

 

6,698

 

Corporate debt securities

 

 

-

 

 

 

-

 

 

 

5,750

 

 

 

754

 

U.S. treasury

 

 

-

 

 

 

-

 

 

 

963

 

 

 

33

 

Total temporarily impaired securities

 

$

2,500

 

 

$

27

 

 

$

615,242

 

 

$

79,158