XML 34 R25.htm IDEA: XBRL DOCUMENT v3.23.3
Note 2 - Securities (Tables)
9 Months Ended
Sep. 30, 2023
Notes Tables  
Debt Securities, Available-for-Sale [Table Text Block]
      

Gross

  

Gross

     
  

Amortized

  

Unrealized

  

Unrealized

  

Fair

 
  

Cost

  

Gains

  

Losses

  

Value

 

September 30, 2023

                

U.S. Government agency debt obligations

 $452,330,000  $0  $(68,251,000) $384,079,000 

Mortgage-backed securities

  35,699,000   2,000   (7,685,000)  28,016,000 

Municipal general obligation bonds

  166,922,000   33,000   (13,530,000)  153,425,000 

Municipal revenue bonds

  30,004,000   14,000   (3,733,000)  26,285,000 

Other investments

  500,000   0   0   500,000 
                 
  $685,455,000  $49,000  $(93,199,000) $592,305,000 
                 

December 31, 2022

                

U.S. Government agency debt obligations

 $453,836,000  $0  $(65,092,000) $388,744,000 

Mortgage-backed securities

  38,002,000   19,000   (6,068,000)  31,953,000 

Municipal general obligation bonds

  163,041,000   450,000   (9,058,000)  154,433,000 

Municipal revenue bonds

  30,267,000   102,000   (3,063,000)  27,306,000 

Other investments

  500,000   0   0   500,000 
                 
  $685,646,000  $571,000  $(83,281,000) $602,936,000 
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value [Table Text Block]
  

Less than 12 Months

  

12 Months or More

  

Total

 
  

Fair

  

Unrealized

  

Fair

  

Unrealized

  

Fair

  

Unrealized

 
  

Value

  

Loss

  

Value

  

Loss

  

Value

  

Loss

 

September 30, 2023

                        

U.S. Government agency debt obligations

 $2,679,000  $1,124,000  $381,400,000  $67,127,000  $384,079,000  $68,251,000 

Mortgage-backed securities

  26,231,000   7,558,000   1,604,000   127,000   27,835,000   7,685,000 

Municipal general obligation bonds

  33,136,000   2,992,000   115,872,000   10,538,000   149,008,000   13,530,000 

Municipal revenue bonds

  6,710,000   1,043,000   18,066,000   2,690,000   24,776,000   3,733,000 
                         
  $68,756,000  $12,717,000  $516,942,000  $80,482,000  $585,698,000  $93,199,000 
  

Less than 12 Months

  

12 Months or More

  

Total

 
  

Fair

  

Unrealized

  

Fair

  

Unrealized

  

Fair

  

Unrealized

 
  

Value

  

Loss

  

Value

  

Loss

  

Value

  

Loss

 

December 31, 2022

                        

U.S. Government agency debt obligations

 $53,019,000  $5,713,000  $335,725,000  $59,379,000  $388,744,000  $65,092,000 

Mortgage-backed securities

  31,127,000   6,068,000   12,000   0   31,139,000   6,068,000 

Municipal general obligation bonds

  97,252,000   4,516,000   32,870,000   4,542,000   130,122,000   9,058,000 

Municipal revenue bonds

  12,532,000   1,141,000   10,609,000   1,922,000   23,141,000   3,063,000 
                         
  $193,930,000  $17,438,000  $379,216,000  $65,843,000  $573,146,000  $83,281,000 
Investments Classified by Contractual Maturity Date [Table Text Block]
  

Weighted

         
  

Average

  

Amortized

  

Fair

 
  

Yield

  

Cost

  

Value

 
            

Due in 2023

 0.35% $10,635,000  $10,560,000 

Due in 2024 through 2028

 1.32   319,456,000   289,600,000 

Due in 2029 through 2033

 2.02   278,377,000   227,860,000 

Due in 2034 and beyond

 3.68   40,788,000   35,769,000 

Mortgage-backed securities

 2.18   35,699,000   28,016,000 

Other investments

 8.42   500,000   500,000 
            

Total available for sale securities

 1.78% $685,455,000  $592,305,000