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Note 4 - Securities (Tables)
3 Months Ended
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