Note 3 - Investment Securities (Tables)
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9 Months Ended |
Sep. 30, 2024 |
Notes Tables |
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Marketable Securities [Table Text Block] |
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Gross
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Gross
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Amortized
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Unrealized
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Unrealized
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Fair
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(In thousands)
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Cost
|
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Gains
|
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Losses
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Value
|
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September 30, 2024
|
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Securities available for sale:
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|
|
|
|
|
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|
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|
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Agency mortgage-backed securities
|
|
$ |
72,785 |
|
|
$ |
42 |
|
|
$ |
6,315 |
|
|
$ |
66,512 |
|
Agency CMO
|
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|
52,335 |
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|
199 |
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|
222 |
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52,312 |
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Other debt securities:
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|
|
|
|
|
|
|
|
|
|
|
|
|
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Agency notes and bonds
|
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126,601 |
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|
135 |
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4,901 |
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|
121,835 |
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Treasury notes and bonds
|
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|
34,781 |
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|
- |
|
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|
398 |
|
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34,383 |
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Municipal obligations
|
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|
145,903 |
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|
598 |
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13,074 |
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|
133,427 |
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Total securities available for sale
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|
$ |
432,405 |
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|
$ |
974 |
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|
$ |
24,910 |
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$ |
408,469 |
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Securities held to maturity:
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Other debt securities:
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|
|
|
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|
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Corporate notes
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|
$ |
7,000 |
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|
$ |
- |
|
|
$ |
2,312 |
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$ |
4,688 |
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|
|
|
|
|
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|
|
|
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Total securities held to maturity
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|
$ |
7,000 |
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$ |
- |
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|
$ |
2,312 |
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$ |
4,688 |
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December 31, 2023
|
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Securities available for sale:
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Agency mortgage-backed securities
|
|
$ |
81,166 |
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|
$ |
- |
|
|
$ |
9,122 |
|
|
$ |
72,044 |
|
Agency CMO
|
|
|
25,402 |
|
|
|
94 |
|
|
|
323 |
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25,173 |
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Other debt securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Agency notes and bonds
|
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138,174 |
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|
38 |
|
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8,707 |
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129,505 |
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Treasury notes and bonds
|
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|
64,758 |
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- |
|
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|
1,674 |
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63,084 |
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Municipal obligations
|
|
|
159,049 |
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|
655 |
|
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12,239 |
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|
147,465 |
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|
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Total securities available for sale
|
|
$ |
468,549 |
|
|
$ |
787 |
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|
$ |
32,065 |
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$ |
437,271 |
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Securities held to maturity:
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Other debt securities:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Corporate notes
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|
$ |
7,000 |
|
|
$ |
- |
|
|
$ |
2,554 |
|
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$ |
4,446 |
|
|
|
|
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|
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Total securities held to maturity
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|
$ |
7,000 |
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|
$ |
- |
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|
$ |
2,554 |
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|
$ |
4,446 |
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Investments Classified by Contractual Maturity Date [Table Text Block] |
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Securities Available for Sale
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Securities Held to Maturity
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Amortized
|
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Fair
|
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Amortized
|
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Fair
|
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Cost
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Value
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Cost
|
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Value
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(In thousands)
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Due in one year or less
|
|
$ |
60,809 |
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$ |
59,782 |
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$ |
- |
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|
$ |
- |
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Due after one year through five years
|
|
|
123,645 |
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|
118,416 |
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|
- |
|
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|
- |
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Due after five years through ten years
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|
52,663 |
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|
49,010 |
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|
2,000 |
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|
1,354 |
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Due after ten years
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|
70,168 |
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62,437 |
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5,000 |
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|
3,334 |
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307,285 |
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289,645 |
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|
7,000 |
|
|
|
4,688 |
|
Mortgage-backed securities and CMO
|
|
|
125,120 |
|
|
|
118,824 |
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|
|
- |
|
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|
- |
|
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|
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$ |
432,405 |
|
|
$ |
408,469 |
|
|
$ |
7,000 |
|
|
$ |
4,688 |
|
|
Unrealized Gain (Loss) on Investments [Table Text Block] |
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Number of
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Gross
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Investment
|
|
|
Fair
|
|
|
Unrealized
|
|
|
|
Positions
|
|
|
Value
|
|
|
Losses
|
|
(Dollars in thousands)
|
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|
|
|
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|
|
|
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September 30, 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities available for sale:
|
|
|
|
|
|
|
|
|
|
|
|
|
Continuous loss position less than twelve months:
|
|
|
|
|
|
|
|
|
|
|
|
|
Agency CMO
|
|
|
3 |
|
|
$ |
11,844 |
|
|
$ |
38 |
|
Muncipal obligations
|
|
|
13 |
|
|
|
6,970 |
|
|
|
153 |
|
Total less than twelve months
|
|
|
16 |
|
|
|
18,814 |
|
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|
191 |
|
|
|
|
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|
|
|
|
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Continuous loss position more than twelve months:
|
|
|
|
|
|
|
|
|
|
|
|
|
Agency mortgage-backed securities
|
|
|
94 |
|
|
|
65,069 |
|
|
|
6,315 |
|
Agency CMO
|
|
|
22 |
|
|
|
8,315 |
|
|
|
184 |
|
Agency notes and bonds
|
|
|
47 |
|
|
|
115,349 |
|
|
|
4,901 |
|
Treasury notes and bonds
|
|
|
13 |
|
|
|
34,383 |
|
|
|
398 |
|
Muncipal obligations
|
|
|
186 |
|
|
|
101,063 |
|
|
|
12,921 |
|
Total more than twelve months
|
|
|
362 |
|
|
|
324,179 |
|
|
|
24,719 |
|
|
|
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|
|
|
|
|
|
|
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|
Total securities available for sale
|
|
|
378 |
|
|
$ |
342,993 |
|
|
$ |
24,910 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities held to maturity:
|
|
|
|
|
|
|
|
|
|
|
|
|
Continuous loss position more than twelve months:
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate notes
|
|
|
4 |
|
|
$ |
4,688 |
|
|
$ |
2,312 |
|
Total more than twelve months
|
|
|
4 |
|
|
|
4,688 |
|
|
|
2,312 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total securities held to maturity
|
|
|
4 |
|
|
$ |
4,688 |
|
|
$ |
2,312 |
|
|
|
Number of
|
|
|
|
|
|
|
Gross
|
|
|
|
Investment
|
|
|
Fair
|
|
|
Unrealized
|
|
|
|
Positions
|
|
|
Value
|
|
|
Losses
|
|
(Dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2023:
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities available for sale:
|
|
|
|
|
|
|
|
|
|
|
|
|
Continuous loss position less than twelve months:
|
|
|
|
|
|
|
|
|
|
|
|
|
Agency CMO
|
|
|
3 |
|
|
$ |
8,019 |
|
|
$ |
30 |
|
Agency notes and bonds
|
|
|
3 |
|
|
|
2,754 |
|
|
|
12 |
|
Muncipal obligations
|
|
|
74 |
|
|
|
32,124 |
|
|
|
2,405 |
|
Total less than twelve months
|
|
|
80 |
|
|
|
42,897 |
|
|
|
2,447 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Continuous loss position more than twelve months:
|
|
|
|
|
|
|
|
|
|
|
|
|
Agency mortgage-backed securities
|
|
|
96 |
|
|
|
72,044 |
|
|
|
9,122 |
|
Agency CMO
|
|
|
22 |
|
|
|
4,998 |
|
|
|
293 |
|
Agency notes and bonds
|
|
|
52 |
|
|
|
123,416 |
|
|
|
8,695 |
|
Treasury notes and bonds
|
|
|
21 |
|
|
|
63,084 |
|
|
|
1,674 |
|
Muncipal obligations
|
|
|
130 |
|
|
|
79,643 |
|
|
|
9,834 |
|
Total more than twelve months
|
|
|
321 |
|
|
|
343,185 |
|
|
|
29,618 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total securities available for sale
|
|
|
401 |
|
|
$ |
386,082 |
|
|
$ |
32,065 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities held to maturity:
|
|
|
|
|
|
|
|
|
|
|
|
|
Continuous loss position more than twelve months:
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate notes
|
|
|
4 |
|
|
$ |
4,446 |
|
|
$ |
2,554 |
|
Total more than twelve months
|
|
|
4 |
|
|
|
4,446 |
|
|
|
2,554 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total securities held to maturity
|
|
|
4 |
|
|
$ |
4,446 |
|
|
$ |
2,554 |
|
|