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Note 10 - Fair Values of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2023
Notes Tables  
Fair Value, by Balance Sheet Grouping [Table Text Block]
 

Level in

 

March 31, 2023

  

December 31, 2022

 
 

Fair

Value

 

Carrying

  

Fair

  

Carrying

  

Fair

 
 

Hierarchy

 

Values

  

Values

  

Values

  

Values

 

Financial assets:

                 

Cash and cash equivalents

Level 1

 $57,938  $57,938  $96,772  $96,772 

Securities available for sale

(1)

  619,973   619,973   602,936   602,936 

FHLBI stock

(2)

  17,721   17,721   17,721   17,721 

Loans, net

Level 3

  3,922,651   3,837,260   3,874,373   3,800,042 

Mortgage loans held for sale

Level 2

  3,821   3,932   3,565   3,643 

Mortgage servicing rights

Level 3

  11,402   18,726   11,837   17,727 

Accrued interest receivable

Level 2

  17,424   17,424   15,476   15,476 

Interest rate swaps

Level 2

  22,871   22,871   25,697   25,697 
                  

Financial liabilities:

                 

Deposits

Level 2

  3,598,018   3,330,349   3,712,811   3,379,403 

Repurchase agreements

Level 2

  227,453   227,453   194,340   194,340 

FHLBI advances

Level 2

  377,910   360,723   308,263   292,044 

Subordinated debentures

Level 2

  49,130   49,119   48,958   49,531 

Subordinated notes

Level 2

  88,714   75,911   88,628   75,024 

Accrued interest payable

Level 2

  3,486   3,486   3,223   3,223 

Interest rate swaps

Level 2

  23,254   23,254   25,900   25,900