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v3.23.3

Note 3 - Investment Securities (Tables) | 9 Months Ended
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Sep. 30, 2023
Notes Tables |
Marketable Securities [Table Text Block] |
|  |  |  |  |  | Gross |  |  | Gross |  |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
(In thousands) |  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency mortgage-backed securities |  | $ | 84,385 |  |  | $ | - |  |  | $ | 12,312 |  |  | $ | 72,073 |
Agency CMO |  |  | 23,439 |  |  |  | - |  |  |  | 624 |  |  |  | 22,815 |
Other debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency notes and bonds |  |  | 147,195 |  |  |  | - |  |  |  | 12,203 |  |  |  | 134,992 |
Treasury notes and bonds |  |  | 76,527 |  |  |  | - |  |  |  | 2,813 |  |  |  | 73,714 |
Municipal obligations |  |  | 157,641 |  |  |  | 2 |  |  |  | 21,157 |  |  |  | 136,486 |
Total securities available for sale |  | $ | 489,187 |  |  | $ | 2 |  |  | $ | 49,109 |  |  | $ | 440,080 |
Securities held to maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate notes |  | $ | 7,000 |  |  | $ | - |  |  | $ | 2,528 |  |  | $ | 4,472 |
Total securities held to maturity |  | $ | 7,000 |  |  | $ | - |  |  | $ | 2,528 |  |  | $ | 4,472 |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency mortgage-backed securities |  | $ | 95,056 |  |  | $ | - |  |  | $ | 11,193 |  |  | $ | 83,863 |
Agency CMO |  |  | 9,682 |  |  |  | 20 |  |  |  | 349 |  |  |  | 9,353 |
Other debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency notes and bonds |  |  | 151,143 |  |  |  | - |  |  |  | 13,162 |  |  |  | 137,981 |
Treasury notes and bonds |  |  | 82,646 |  |  |  | - |  |  |  | 3,914 |  |  |  | 78,732 |
Municipal obligations |  |  | 168,939 |  |  |  | 177 |  |  |  | 18,226 |  |  |  | 150,890 |
Total securities available for sale |  | $ | 507,466 |  |  | $ | 197 |  |  | $ | 46,844 |  |  | $ | 460,819 |
Securities held to maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate notes |  | $ | 7,000 |  |  | $ | - |  |  | $ | 1,689 |  |  | $ | 5,311 |
Total securities held to maturity |  | $ | 7,000 |  |  | $ | - |  |  | $ | 1,689 |  |  | $ | 5,311 |
Investments Classified by Contractual Maturity Date [Table Text Block] |
|  | Securities Available for Sale |  |  | Securities Held to Maturity |
|  | Amortized |  |  | Fair |  |  | Amortized |  |  | Fair |
|  | Cost |  |  | Value |  |  | Cost |  |  | Value |
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Due in one year or less |  | $ | 65,774 |  |  | $ | 64,401 |  |  | $ | - |  |  | $ | - |
Due after one year through five years |  |  | 177,859 |  |  |  | 163,024 |  |  |  | - |  |  |  | - |
Due after five years through ten years |  |  | 45,517 |  |  |  | 41,252 |  |  |  | 2,000 |  |  |  | 1,291 |
Due after ten years |  |  | 92,213 |  |  |  | 76,515 |  |  |  | 5,000 |  |  |  | 3,181 |
|  |  | 381,363 |  |  |  | 345,192 |  |  |  | 7,000 |  |  |  | 4,472 |
Mortgage-backed securities and CMO |  |  | 107,824 |  |  |  | 94,888 |  |  |  | - |  |  |  | - |
|  | $ | 489,187 |  |  | $ | 440,080 |  |  | $ | 7,000 |  |  | $ | 4,472 |
Schedule of Unrealized Loss on Investments [Table Text Block] |
|  | Number of |  |  |  |  |  |  | Gross |
|  | Investment |  |  | Fair |  |  | Unrealized |
|  | Positions |  |  | Value |  |  | Losses |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2023: |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |
Continuous loss position less than twelve months: |  |  |  |  |  |  |  |  |  |  |  |
Agency CMO |  |  | 7 |  |  | $ | 17,601 |  |  | $ | 246 |
Agency notes and bonds |  |  | 6 |  |  |  | 5,210 |  |  |  | 108 |
Muncipal obligations |  |  | 124 |  |  |  | 58,212 |  |  |  | 4,680 |
Total less than twelve months |  |  | 137 |  |  |  | 81,023 |  |  |  | 5,034 |
Continuous loss position more than twelve months: |  |  |  |  |  |  |  |  |  |  |  |
Agency mortgage-backed securities |  |  | 97 |  |  |  | 72,073 |  |  |  | 12,312 |
Agency CMO |  |  | 23 |  |  |  | 5,214 |  |  |  | 378 |
Agency notes and bonds |  |  | 55 |  |  |  | 129,035 |  |  |  | 12,095 |
Treasury notes and bonds |  |  | 27 |  |  |  | 73,714 |  |  |  | 2,813 |
Muncipal obligations |  |  | 135 |  |  |  | 76,541 |  |  |  | 16,477 |
Total more than twelve months |  |  | 337 |  |  |  | 356,577 |  |  |  | 44,075 |
Total securities available for sale |  |  | 474 |  |  | $ | 437,600 |  |  | $ | 49,109 |
Securities held to maturity: |  |  |  |  |  |  |  |  |  |  |  |
Continuous loss position more than twelve months: |  |  |  |  |  |  |  |  |  |  |  |
Corporate notes |  |  | 4 |  |  | $ | 4,472 |  |  | $ | 2,528 |
Total more than twelve months |  |  | 4 |  |  |  | 4,472 |  |  |  | 2,528 |
Total held to maturity |  |  | 4 |  |  | $ | 4,472 |  |  | $ | 2,528 |
|  | Number of |  |  |  |  |  |  | Gross |
|  | Investment |  |  | Fair |  |  | Unrealized |
|  | Positions |  |  | Value |  |  | Losses |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2022: |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |
Continuous loss position less than twelve months: |  |  |  |  |  |  |  |  |  |  |  |
Agency mortgage-backed securities |  |  | 69 |  |  | $ | 27,561 |  |  | $ | 2,214 |
Agency CMO |  |  | 23 |  |  |  | 6,287 |  |  |  | 336 |
Agency notes and bonds |  |  | 15 |  |  |  | 35,079 |  |  |  | 1,314 |
Treasury notes and bonds |  |  | 17 |  |  |  | 31,615 |  |  |  | 997 |
Muncipal obligations |  |  | 154 |  |  |  | 81,218 |  |  |  | 5,960 |
Total less than twelve months |  |  | 278 |  |  |  | 181,760 |  |  |  | 10,821 |
Continuous loss position more than twelve months: |  |  |  |  |  |  |  |  |  |  |  |
Agency mortgage-backed securities |  |  | 28 |  |  |  | 56,303 |  |  |  | 8,979 |
Agency CMO |  |  | 3 |  |  |  | 257 |  |  |  | 13 |
Agency notes and bonds |  |  | 45 |  |  |  | 102,902 |  |  |  | 11,848 |
Treasury notes and bonds |  |  | 13 |  |  |  | 47,117 |  |  |  | 2,917 |
Muncipal obligations |  |  | 98 |  |  |  | 52,279 |  |  |  | 12,266 |
Total more than twelve months |  |  | 187 |  |  |  | 258,858 |  |  |  | 36,023 |
Total securities available for sale |  |  | 465 |  |  | $ | 440,618 |  |  | $ | 46,844 |
Securities held to maturity: |  |  |  |  |  |  |  |  |  |  |  |
Continuous loss position less than twelve months: |  |  |  |  |  |  |  |  |  |  |  |
Corporate notes |  |  | 3 |  |  | $ | 3,779 |  |  | $ | 1,221 |
Total less than twelve months |  |  | 3 |  |  |  | 3,779 |  |  |  | 1,221 |
Continuous loss position more than twelve months: |  |  |  |  |  |  |  |  |  |  |  |
Corporate notes |  |  | 1 |  |  |  | 1,532 |  |  |  | 468 |
Total more than twelve months |  |  | 1 |  |  |  | 1,532 |  |  |  | 468 |
Total securities held to maturity |  |  | 4 |  |  | $ | 5,311 |  |  | $ | 1,689 |

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