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v3.22.2.2

Note 4 - Securities (Tables) | 9 Months Ended
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Sep. 30, 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 |
September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government sponsored entities |  | $ | 8,883 |  |  | $ | - |  |  | $ | (1,338 | ) |  | $ | 7,545 |
U.S. treasury securities |  |  | 394 |  |  |  | - |  |  |  | - |  |  |  | 394 |
Collateralized mortgage obligations and residential mortgage-backed securities |  |  | 166,651 |  |  |  | - |  |  |  | (29,370 | ) |  |  | 137,281 |
Municipal securities |  |  | 282,002 |  |  |  | - |  |  |  | (69,214 | ) |  |  | 212,788 |
Collateralized debt obligations |  |  | 2,173 |  |  |  | - |  |  |  | (1,146 | ) |  |  | 1,027 |
Total securities available-for-sale |  | $ | 460,103 |  |  | $ | - |  |  | $ | (101,068 | ) |  | $ | 359,035 |
|  | (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 |
September 30, 2022 |  | Basis |  |  | Value |
Due in one year or less |  | $ | 190 |  |  | $ | 190 |
Due from one to five years |  |  | 1,978 |  |  |  | 1,972 |
Due from five to ten years |  |  | 21,124 |  |  |  | 18,207 |
Due over ten years |  |  | 270,160 |  |  |  | 201,385 |
Collateralized mortgage obligations and residential mortgage-backed securities |  |  | 166,651 |  |  |  | 137,281 |
Total |  | $ | 460,103 |  |  | $ | 359,035 |
Schedule of Realized Gain (Loss) [Table Text Block] |
|  | (Dollars in thousands) |
|  | September 30, |  |  | September 30, |
|  | 2022 |  |  | 2021 |
Proceeds |  | $ | 10,178 |  |  | $ | 9,275 |
Gross gains |  |  | 41 |  |  |  | 591 |
Gross losses |  |  | (18 | ) |  |  | (1 | )
|  | (Dollars in thousands) |
|  | September 30, |  |  | September 30, |
|  | 2022 |  |  | 2021 |
Proceeds |  | $ | 53,953 |  |  | $ | 28,565 |
Gross gains |  |  | 733 |  |  |  | 1,297 |
Gross losses |  |  | (71 | ) |  |  | (21 | )
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
|  | (Dollars in thousands) |
|  | Unrealized gain/(loss) |
Ending balance, June 30, 2022 |  | $ | (57,781 | )
Current period change |  |  | (22,058 | )
Ending balance, September 30, 2022 |  | $ | (79,839 | )
|  | (Dollars in thousands) |
|  | Unrealized gain/(loss) |
Ending balance, June 30, 2021 |  | $ | 8,209 |
Current period change |  |  | (5,601 | )
Ending balance, September 30, 2021 |  | $ | 2,608 |
|  | (Dollars in thousands) |
|  | Unrealized gain/(loss) |
Ending balance, December 31, 2021 |  | $ | 4,276 |
Current period change |  |  | (84,115 | )
Ending balance, September 30, 2022 |  | $ | (79,839 | )
|  | (Dollars in thousands) |
|  | Unrealized gain/(loss) |
Ending balance, December 31, 2020 |  | $ | 10,441 |
Current period change |  |  | (7,833 | )
Ending balance, September 30, 2021 |  | $ | 2,608 |
Unrealized Gain (Loss) on Investments [Table Text Block] |
|  | (Dollars in thousands) |  |  |  |  |
|  | Less than 12 months |  |  | 12 months or longer |  |  | Total |  |  |  |  |
|  | Estimated |  |  |  |  |  |  | Estimated |  |  |  |  |  |  | Estimated |  |  |  |  |  |  | Percentage of |
|  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Total Portfolio |
|  | Value |  |  | Losses |  |  | Value |  |  | Losses |  |  | Value |  |  | Losses |  |  | in Loss Position |
September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government sponsored entities |  | $ | - |  |  | $ | - |  |  | $ | 7,545 |  |  | $ | (1,338 | ) |  | $ | 7,545 |  |  | $ | (1,338 | ) |  |  | 100.0 | %
Collateralized mortgage obligations and residential mortgage-backed securities |  |  | 45,306 |  |  |  | (7,593 | ) |  |  | 91,975 |  |  |  | (21,777 | ) |  |  | 137,281 |  |  |  | (29,370 | ) |  |  | 100.0 | %
Municipal securities |  |  | 166,907 |  |  |  | (49,241 | ) |  |  | 45,611 |  |  |  | (19,973 | ) |  |  | 212,518 |  |  |  | (69,214 | ) |  |  | 99.9 | %
Collateralized debt obligations |  |  | - |  |  |  | - |  |  |  | 1,027 |  |  |  | (1,146 | ) |  |  | 1,027 |  |  |  | (1,146 | ) |  |  | 100.0 | %
Total temporarily impaired |  | $ | 212,213 |  |  | $ | (56,834 | ) |  | $ | 146,159 |  |  | $ | (44,233 | ) |  | $ | 358,371 |  |  | $ | (101,068 | ) |  |  | 99.8 | %
Number of securities |  |  |  |  |  |  | 333 |  |  |  |  |  |  |  | 120 |  |  |  |  |  |  |  | 453 |  |  |  |  |
|  | (Dollars in thousands) |  |  |  |  |
|  | Less than 12 months |  |  | 12 months or longer |  |  | Total |  |  |  |  |
|  | Estimated |  |  |  |  |  |  | Estimated |  |  |  |  |  |  | Estimated |  |  |  |  |  |  | Percentage of |
|  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Total Portfolio |
|  | Value |  |  | Losses |  |  | Value |  |  | Losses |  |  | Value |  |  | Losses |  |  | in Loss 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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