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v3.23.2

Note 6 - Securities (Tables) | 6 Months Ended
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Jun. 30, 2023
Notes Tables |
Debt Securities, Available-for-Sale [Table Text Block] |
|  | (Dollars in thousands) |
|  |  |  |  |  | Gross |  |  | Gross |  |  | Estimated |
|  | Cost |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Basis |  |  | Gains |  |  | Losses |  |  | Value |
June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government sponsored entities |  | $ | 8,883 |  |  | $ | - |  |  | $ | (1,210 | ) |  |  | 7,673 |
U.S. treasury securities |  |  | 124 |  |  |  | - |  |  |  | - |  |  |  | 124 |
Collateralized mortgage obligations and residential mortgage-backed securities |  |  | 155,959 |  |  |  | - |  |  |  | (28,298 | ) |  |  | 127,661 |
Municipal securities |  |  | 280,176 |  |  |  | 1 |  |  |  | (48,574 | ) |  |  | 231,603 |
Collateralized debt obligations |  |  | 2,173 |  |  |  | - |  |  |  | (1,098 | ) |  |  | 1,075 |
Total securities available-for-sale |  | $ | 447,315 |  |  | $ | 1 |  |  | $ | (79,180 | ) |  | $ | 368,136 |
|  | (Dollars in thousands) |
|  |  |  |  |  | Gross |  |  | Gross |  |  | Estimated |
|  | Cost |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Basis |  |  | Gains |  |  | Losses |  |  | Value |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government sponsored entities |  | $ | 8,883 |  |  | $ | - |  |  | $ | (1,258 | ) |  | $ | 7,625 |
U.S. treasury securities |  |  | 389 |  |  |  | - |  |  |  | - |  |  |  | 389 |
Collateralized mortgage obligations and residential mortgage-backed securities |  |  | 163,000 |  |  |  | - |  |  |  | (28,884 | ) |  |  | 134,116 |
Municipal securities |  |  | 281,032 |  |  |  | 7 |  |  |  | (53,321 | ) |  |  | 227,718 |
Collateralized debt obligations |  |  | 2,173 |  |  |  | - |  |  |  | (1,125 | ) |  |  | 1,048 |
Total securities available-for-sale |  | $ | 455,477 |  |  | $ | 7 |  |  | $ | (84,588 | ) |  | $ | 370,896 |
Investments Classified by Contractual Maturity Date [Table Text Block] |
|  | (Dollars in thousands) |
|  | Available-for-sale |
|  |  |  |  |  | Estimated |
|  | Cost |  |  | Fair |
June 30, 2023 |  | Basis |  |  | Value |
Due in one year or less |  | $ | 814 |  |  | $ | 811 |
Due from one to five years |  |  | 6,673 |  |  |  | 5,912 |
Due from five to ten years |  |  | 19,998 |  |  |  | 18,291 |
Due over ten years |  |  | 263,871 |  |  |  | 215,461 |
Collateralized mortgage obligations and residential mortgage-backed securities |  |  | 155,959 |  |  |  | 127,661 |
Total |  | $ | 447,315 |  |  | $ | 368,136 |
Schedule of Realized Gain (Loss) [Table Text Block] |
|  | (Dollars in thousands) |
|  | June 30, |  |  | June 30, |
|  | 2023 |  |  | 2022 |
Proceeds |  | $ | 352 |  |  | $ | 27,539 |
Gross gains |  |  | - |  |  |  | 289 |
Gross losses |  |  | (48 | ) |  |  | (20 | )
|  | (Dollars in thousands) |
|  | June 30, |  |  | June 30, |
|  | 2023 |  |  | 2022 |
Proceeds |  | $ | 352 |  |  | $ | 43,775 |
Gross gains |  |  | - |  |  |  | 692 |
Gross losses |  |  | (48 | ) |  |  | (53 | )
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
|  | (Dollars in thousands) |
|  | Unrealized gain/(loss) |
Ending balance, March 31, 2022 |  | $ | (33,462 | )
Current period change |  |  | (24,319 | )
Ending balance, June 30, 2022 |  | $ | (57,781 | )
|  | (Dollars in thousands) |
|  | Unrealized gain/(loss) |
Ending balance, March 31, 2023 |  | $ | (55,895 | )
Current period change |  |  | (4,290 | )
Ending balance, June 30, 2023 |  | $ | (60,185 | )
|  | (Dollars in thousands) |
|  | Unrealized gain/(loss) |
Ending balance, December 31, 2021 |  | $ | 4,276 |
Current period change |  |  | (62,057 | )
Ending balance, June 30, 2022 |  | $ | (57,781 | )
|  | (Dollars in thousands) |
|  | Unrealized gain/(loss) |
Ending balance, December 31, 2022 |  | $ | (64,300 | )
Current period change |  |  | 4,115 |
Ending balance, June 30, 2023 |  | $ | (60,185 | )
Unrealized Gain (Loss) on Investments [Table Text Block] |
|  | 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 |
June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government sponsored entities |  | $ | - |  |  | $ | - |  |  | $ | 7,673 |  |  | $ | (1,210 | ) |  | $ | 7,673 |  |  | $ | (1,210 | ) |  |  | 100.0 | %
Collateralized mortgage obligations and residential mortgage-backed securities |  |  | 3,063 |  |  |  | (166 | ) |  |  | 124,598 |  |  |  | (28,132 | ) |  |  | 127,661 |  |  |  | (28,298 | ) |  |  | 100.0 | %
Municipal securities |  |  | 14,099 |  |  |  | (222 | ) |  |  | 216,964 |  |  |  | (48,352 | ) |  |  | 231,063 |  |  |  | (48,574 | ) |  |  | 99.8 | %
Collateralized debt obligations |  |  | - |  |  |  | - |  |  |  | 1,075 |  |  |  | (1,098 | ) |  |  | 1,075 |  |  |  | (1,098 | ) |  |  | 100.0 | %
Total temporarily impaired |  | $ | 17,162 |  |  | $ | (388 | ) |  | $ | 350,310 |  |  | $ | (78,792 | ) |  | $ | 367,472 |  |  | $ | (79,180 | ) |  |  | 99.8 | %
Number of securities |  |  |  |  |  |  | 27 |  |  |  |  |  |  |  | 420 |  |  |  |  |  |  |  | 447 |  |  |  |  |
|  | (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, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government sponsored entities |  | $ | - |  |  | $ | - |  |  | $ | 7,625 |  |  | $ | (1,258 | ) |  | $ | 7,625 |  |  | $ | (1,258 | ) |  |  | 100.0 | %
Collateralized mortgage obligations and residential mortgage-backed securities |  |  | 32,700 |  |  |  | (4,955 | ) |  |  | 101,416 |  |  |  | (23,929 | ) |  |  | 134,116 |  |  |  | (28,884 | ) |  |  | 100.0 | %
Municipal securities |  |  | 171,581 |  |  |  | (35,935 | ) |  |  | 52,961 |  |  |  | (17,386 | ) |  |  | 224,542 |  |  |  | (53,321 | ) |  |  | 98.6 | %
Collateralized debt obligations |  |  | - |  |  |  | - |  |  |  | 1,048 |  |  |  | (1,125 | ) |  |  | 1,048 |  |  |  | (1,125 | ) |  |  | 100.0 | %
Total temporarily impaired |  | $ | 204,281 |  |  | $ | (40,890 | ) |  | $ | 163,050 |  |  | $ | (43,698 | ) |  | $ | 367,331 |  |  | $ | (84,588 | ) |  |  | 99.0 | %
Number of securities |  |  |  |  |  |  | 311 |  |  |  |  |  |  |  | 135 |  |  |  |  |  |  |  | 446 |  |  |  |  |

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