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v3.24.1.1.u2

Note 4 - Securities (Tables) | 3 Months Ended
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Mar. 31, 2024
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, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government sponsored entities |  | $ | 8,884 |  |  | $ | - |  |  | $ | (1,018 | ) |  | $ | 7,866 |
Collateralized mortgage obligations and |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
residential mortgage-backed securities |  |  | 145,077 |  |  |  | - |  |  |  | (27,180 | ) |  |  | 117,897 |
Municipal securities |  |  | 264,190 |  |  |  | 2 |  |  |  | (45,164 | ) |  |  | 219,028 |
Collateralized debt obligations |  |  | 2,166 |  |  |  | - |  |  |  | (724 | ) |  |  | 1,442 |
Total securities available-for-sale |  | $ | 420,317 |  |  | $ | 2 |  |  | $ | (74,086 | ) |  | $ | 346,233 |
|  | (Dollars in thousands) |
|  |  |  |  |  | Gross |  |  | Gross |  |  | Estimated |
|  | Cost |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Basis |  |  | Gains |  |  | Losses |  |  | Value |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government sponsored entities |  | $ | 8,884 |  |  | $ | - |  |  | $ | (1,001 | ) |  | $ | 7,883 |
Collateralized mortgage obligations and |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
residential mortgage-backed securities |  |  | 149,410 |  |  |  | - |  |  |  | (25,946 | ) |  |  | 123,464 |
Municipal securities |  |  | 278,813 |  |  |  | 60 |  |  |  | (40,203 | ) |  |  | 238,670 |
Collateralized debt obligations |  |  | 2,170 |  |  |  | - |  |  |  | (813 | ) |  |  | 1,357 |
Total securities available-for-sale |  | $ | 439,277 |  |  | $ | 60 |  |  | $ | (67,963 | ) |  | $ | 371,374 |
Investments Classified by Contractual Maturity Date [Table Text Block] |
|  | (Dollars in thousands) |
|  | Available-for-sale |
|  |  |  |  |  | Estimated |
|  | Cost |  |  | Fair |
March 31, 2024 |  | Basis |  |  | Value |
Due in one year or less |  | $ | 250 |  |  | $ | 248 |
Due from one to five years |  |  | 9,904 |  |  |  | 8,775 |
Due from five to ten years |  |  | 13,933 |  |  |  | 12,492 |
Due over ten years |  |  | 251,153 |  |  |  | 206,821 |
Collateralized mortgage obligations and residential mortgage-backed securities |  |  | 145,077 |  |  |  | 117,897 |
Total |  | $ | 420,317 |  |  | $ | 346,233 |
Schedule of Realized Gain (Loss) [Table Text Block] |
|  | (Dollars in thousands) |
|  | March 31, |  |  | March 31, |
|  | 2024 |  |  | 2023 |
Proceeds |  | $ | 14,697 |  |  | $ | - |
Gross gains |  |  | - |  |  |  | - |
Gross losses |  |  | (531 | ) |  |  | - |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
|  | (Dollars in thousands) |
|  | Unrealized gain/(loss) |
Ending balance, December 31, 2022 |  | $ | (64,300 | )
Current period change |  |  | 8,405 |
Ending balance, March 31, 2023 |  | $ | (55,895 | )
|  | (Dollars in thousands) |
|  | Unrealized gain/(loss) |
Ending balance, December 31, 2023 |  | $ | (51,613 | )
Current period change |  |  | (4,700 | )
Ending balance, March 31, 2024 |  | $ | (56,313 | )
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 |
March 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government sponsored entities |  | $ | - |  |  | $ | - |  |  | $ | 7,866 |  |  | $ | (1,018 | ) |  | $ | 7,866 |  |  | $ | (1,018 | ) |  |  | 100.0 | %
Collateralized mortgage obligations and residential mortgage-backed securities |  |  | - |  |  |  | - |  |  |  | 117,897 |  |  |  | (27,180 | ) |  |  | 117,897 |  |  |  | (27,180 | ) |  |  | 100.0 | %
Municipal securities |  |  | - |  |  |  | - |  |  |  | 218,196 |  |  |  | (45,164 | ) |  |  | 218,196 |  |  |  | (45,164 | ) |  |  | 99.6 | %
Collateralized debt obligations |  |  | - |  |  |  | - |  |  |  | 1,442 |  |  |  | (724 | ) |  |  | 1,442 |  |  |  | (724 | ) |  |  | 100.0 | %
Total temporarily impaired |  | $ | - |  |  | $ | - |  |  | $ | 345,401 |  |  | $ | (74,086 | ) |  | $ | 345,401 |  |  | $ | (74,086 | ) |  |  | 99.8 | %
Number of securities |  |  |  |  |  |  | - |  |  |  |  |  |  |  | 420 |  |  |  |  |  |  |  | 420 |  |  |  |  |
|  | (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, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government sponsored entities |  | $ | - |  |  | $ | - |  |  | $ | 7,883 |  |  | $ | (1,001 | ) |  | $ | 7,883 |  |  | $ | (1,001 | ) |  |  | 100.0 | %
Collateralized mortgage obligations and residential mortgage-backed securities |  |  | - |  |  |  | - |  |  |  | 123,464 |  |  |  | (25,946 | ) |  |  | 123,464 |  |  |  | (25,946 | ) |  |  | 100.0 | %
Municipal securities |  |  | - |  |  |  | - |  |  |  | 229,595 |  |  |  | (40,203 | ) |  |  | 229,595 |  |  |  | (40,203 | ) |  |  | 96.2 | %
Collateralized debt obligations |  |  | - |  |  |  | - |  |  |  | 1,357 |  |  |  | (813 | ) |  |  | 1,357 |  |  |  | (813 | ) |  |  | 100.0 | %
Total temporarily impaired |  | $ | - |  |  | $ | - |  |  | $ | 362,299 |  |  | $ | (67,963 | ) |  | $ | 362,299 |  |  | $ | (67,963 | ) |  |  | 97.6 | %
Number of securities |  |  |  |  |  |  | - |  |  |  |  |  |  |  | 434 |  |  |  |  |  |  |  | 434 |  |  |  |  |

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