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Note 4 - Securities (Tables) | 3 Months Ended
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Mar. 31, 2022
Notes Tables |
Debt Securities, Available-for-Sale [Table Text Block] |
|  | (Dollars in thousands) |
|  |  |  |  |  | Gross |  |  | Gross |  |  | Estimated |
|  | Cost |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Basis |  |  | Gains |  |  | Losses |  |  | Value |
March 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government sponsored entities |  | $ | 8,883 |  |  | $ | - |  |  | $ | (681 | ) |  | $ | 8,202 |
U.S. treasury securities |  |  | 199 |  |  |  | - |  |  |  | - |  |  |  | 199 |
Collateralized mortgage obligations and residential mortgage-backed securities |  |  | 178,431 |  |  |  | 45 |  |  |  | (14,353 | ) |  |  | 164,123 |
Municipal securities |  |  | 317,000 |  |  |  | 1,727 |  |  |  | (27,903 | ) |  |  | 290,824 |
Collateralized debt obligations |  |  | 2,173 |  |  |  | - |  |  |  | (1,201 | ) |  |  | 972 |
Total securities available-for-sale |  | $ | 506,686 |  |  | $ | 1,772 |  |  | $ | (44,138 | ) |  | $ | 464,320 |
|  | (Dollars in thousands) |
|  |  |  |  |  | Gross |  |  | Gross |  |  | Estimated |
|  | Cost |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Basis |  |  | Gains |  |  | Losses |  |  | Value |
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government sponsored entities |  | $ | 8,883 |  |  | $ | - |  |  | $ | (214 | ) |  | $ | 8,669 |
U.S. treasury securities |  |  | 400 |  |  |  | - |  |  |  | - |  |  |  | 400 |
Collateralized mortgage obligations and residential mortgage-backed securities |  |  | 187,279 |  |  |  | 961 |  |  |  | (3,539 | ) |  |  | 184,701 |
Municipal securities |  |  | 322,750 |  |  |  | 9,904 |  |  |  | (527 | ) |  |  | 332,127 |
Collateralized debt obligations |  |  | 2,173 |  |  |  | - |  |  |  | (1,181 | ) |  |  | 992 |
Total securities available-for-sale |  | $ | 521,485 |  |  | $ | 10,865 |  |  | $ | (5,461 | ) |  | $ | 526,889 |
Investments Classified by Contractual Maturity Date [Table Text Block] |
|  | (Dollars in thousands) |
|  | Available-for-sale |
|  |  |  |  |  | Estimated |
|  | Cost |  |  | Fair |
March 31, 2022 |  | Basis |  |  | Value |
Due in one year or less |  | $ | 389 |  |  | $ | 390 |
Due from one to five years |  |  | 1,759 |  |  |  | 1,763 |
Due from five to ten years |  |  | 30,204 |  |  |  | 29,468 |
Due over ten years |  |  | 295,903 |  |  |  | 268,576 |
Collateralized mortgage obligations and residential mortgage-backed securities |  |  | 178,431 |  |  |  | 164,123 |
Total |  | $ | 506,686 |  |  | $ | 464,320 |
Available for Sale, Debt Securities, Maturity and Yields [Table Text Block] |
|  | Within 1 Year |  |  | 1 - 5 Years |  |  | 5 - 10 Years |  |  | After 10 Years |  |  | Total |
|  | Amount |  |  | Yield |  |  | Amount |  |  | Yield |  |  | Amount |  |  | Yield |  |  | Amount |  |  | Yield |  |  | Amount |
U.S. government sponsored entities: |  | $ | - |  |  |  | 0.00 | % |  | $ | - |  |  |  | 0.00 | % |  | $ | 8,202 |  |  |  | 1.00 | % |  | $ | - |  |  |  | 0.00 | % |  | $ | 8,202 |
AFS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. treasury securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
AFS |  |  | 199 |  |  |  | 0.13 | % |  |  | - |  |  |  | 0.00 | % |  |  | - |  |  |  | 0.00 | % |  |  | - |  |  |  | 0.00 | % |  |  | 199 |
Municipal Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
AFS |  |  | 191 |  |  |  | 4.84 | % |  |  | 1,763 |  |  |  | 4.13 | % |  |  | 21,266 |  |  |  | 3.56 | % |  |  | 267,604 |  |  |  | 2.87 | % |  |  | 290,824 |
Trust Preferred Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
AFS |  |  | - |  |  |  | 0.00 | % |  |  | - |  |  |  | 0.00 | % |  |  | - |  |  |  | 0.00 | % |  |  | 972 |  |  |  | 1.57 | % |  |  | 972 |
Totals |  | $ | 390 |  |  |  | 2.43 | % |  | $ | 1,763 |  |  |  | 4.13 | % |  | $ | 29,468 |  |  |  | 2.85 | % |  | $ | 268,576 |  |  |  | 2.87 | % |  | $ | 300,197 |
Schedule of Realized Gain (Loss) [Table Text Block] |
|  | (Dollars in thousands) |
|  | March 31, |  |  | March 31, |
|  | 2022 |  |  | 2021 |
Proceeds |  | $ | 16,236 |  |  | $ | 6,904 |
Gross gains |  |  | 397 |  |  |  | 417 |
Gross losses |  |  | (16 | ) |  |  | - |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
|  | (Dollars in thousands) |
|  | Unrealized gain/(loss) |
Ending balance, December 31, 2021 |  | $ | 4,276 |
Current period change |  |  | (37,738 | )
Ending balance, March 31, 2022 |  | $ | (33,462 | )
Unrealized Gain (Loss) on Investments [Table Text Block] |
|  | (Dollars in thousands) |  |  |  |  |
|  | Less than 12 months |  |  | 12 months or longer |  |  | Total |  |  | Percentage of |
|  | Estimated |  |  |  |  |  |  | Estimated |  |  |  |  |  |  | Estimated |  |  |  |  |  |  | Total Portfolio |
|  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | in Loss |
|  | Value |  |  | Losses |  |  | Value |  |  | Losses |  |  | Value |  |  | Losses |  |  | Position |
March 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government sponsored entities |  | $ | - |  |  | $ | - |  |  | $ | 8,202 |  |  | $ | (681 | ) |  | $ | 8,202 |  |  | $ | (681 | ) |  |  | 100.0 | %
Collateralized mortgage obligations and residential mortgage-backed securities |  |  | 99,994 |  |  |  | (7,368 | ) |  |  | 60,792 |  |  |  | (6,985 | ) |  |  | 160,786 |  |  |  | (14,353 | ) |  |  | 98.0 | %
Municipal securities |  |  | 232,220 |  |  |  | (27,678 | ) |  |  | 2,594 |  |  |  | (225 | ) |  |  | 234,814 |  |  |  | (27,903 | ) |  |  | 80.7 | %
Collateralized debt obligations |  |  | - |  |  |  | - |  |  |  | 972 |  |  |  | (1,201 | ) |  |  | 972 |  |  |  | (1,201 | ) |  |  | 100.0 | %
Total temporarily impaired |  | $ | 332,214 |  |  | $ | (35,046 | ) |  | $ | 72,560 |  |  | $ | (9,092 | ) |  | $ | 404,774 |  |  | $ | (44,138 | ) |  |  | 87.2 | %
Number of securities |  |  |  |  |  |  | 384 |  |  |  |  |  |  |  | 33 |  |  |  |  |  |  |  | 417 |  |  |  |  |
|  | (Dollars in thousands) |  |  |  |  |
|  | Less than 12 months |  |  | 12 months or longer |  |  | Total |  |  | Percentage of |
|  | Estimated |  |  |  |  |  |  | Estimated |  |  |  |  |  |  | Estimated |  |  |  |  |  |  | Total Portfolio |
|  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | in Loss |
|  | Value |  |  | Losses |  |  | Value |  |  | Losses |  |  | Value |  |  | Losses |  |  | Position |
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government sponsored entities |  | $ | 8,669 |  |  | $ | (214 | ) |  | $ | - |  |  | $ | - |  |  | $ | 8,669 |  |  | $ | (214 | ) |  |  | 100.0 | %
Collateralized mortgage obligations and residential mortgage-backed securities |  |  | 126,373 |  |  |  | (3,175 | ) |  |  | 8,109 |  |  |  | (364 | ) |  |  | 134,482 |  |  |  | (3,539 | ) |  |  | 72.8 | %
Municipal securities |  |  | 70,309 |  |  |  | (527 | ) |  |  | - |  |  |  | - |  |  |  | 70,309 |  |  |  | (527 | ) |  |  | 21.2 | %
Collateralized debt obligations |  |  | - |  |  |  | - |  |  |  | 992 |  |  |  | (1,181 | ) |  |  | 992 |  |  |  | (1,181 | ) |  |  | 100.0 | %
Total temporarily impaired |  | $ | 205,351 |  |  | $ | (3,916 | ) |  | $ | 9,101 |  |  | $ | (1,545 | ) |  | $ | 214,452 |  |  | $ | (5,461 | ) |  |  | 40.7 | %
Number of securities |  |  |  |  |  |  | 133 |  |  |  |  |  |  |  | 5 |  |  |  |  |  |  |  | 138 |  |  |  |  |

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