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Note 17 - Fair Value Measurements and Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2024

Notes Tables

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

		*Fair Value Measurements Using:*
June 30, 2024		*Level 1*				*Level 2*				*Level 3*				*Total*
Assets measured at fair value:		*(dollars in thousands)*
On a recurring basis:
Securities available for sale
Government agency securities		$	—			$	7,060			$	—			$	7,060
SBA agency securities			—				13,184				—				13,184
Mortgage-backed securities			—				32,122				—				32,122
Collateralized mortgage obligations			—				158,395				—				158,395
Commercial paper			—				74,940				—				74,940
Corporate debt securities			—				30,832				—				30,832
Municipal securities			—				9,049				—				9,049
Equity securities ⁽¹⁾			—				—				21,748				21,748
Interest rate lock contracts ⁽¹⁾			—				—				15				15
Forward mortgage loan sale contracts ⁽¹⁾			—				—				4				4
		$	—			$	325,582			$	21,767			$	347,349
On a non-recurring basis:
Commercial real estate loans - collateral dependent individually evaluated loans		$	—			$	—			$	17,061			$	17,061
Commercial and industrial loans - collateral dependent individually evaluated loans			—				—				4,709				4,709
		$	—			$	—			$	21,770			$	21,770

December 31, 2023		*Level 1*				*Level 2*				*Level 3*				*Total*
Assets measured at fair value:
On a recurring basis:
Securities available for sale
Government agency securities		$	—			$	8,161			$	—			$	8,161
SBA agency securities			—				13,217				—				13,217
Mortgage-backed securities			—				34,652				—				34,652
Collateralized mortgage obligations			—				149,626				—				149,626
Commercial paper			—				73,105				—				73,105
Corporate debt securities			—				30,691				—				30,691
Municipal securities			—				9,509				—				9,509
Equity securities ⁽¹⁾			—				—				22,251				22,251
Interest rate lock contracts ⁽¹⁾			—				—				32				32
Forward mortgage loan sale contracts ⁽¹⁾			—				—				14				14
		$	—			$	318,961			$	22,297			$	341,258
On a non-recurring basis:
Commercial real estate loans - collateral-dependent individually evaluated loans		$	—			$	—			$	10,209			$	10,209
SBA loans - collateral-dependent individually evaluated loans			—				—				1,148				1,148
		$	—			$	—			$	11,357			$	11,357

Fair Value Measurements, Nonrecurring [Table Text Block]

		*For the Three Months Ended June 30,*								*For the Six Months Ended June 30,*
		*2024*				*2023*				*2024*				*2023*
		*(dollars in thousands)*
Other real estate owned - Single family residential		$	—			$	—			$	560			$	—

Fair Value, by Balance Sheet Grouping [Table Text Block]


			*June 30, 2024*								*December 31, 2023*
	*Fair Value*		*Carrying*				*Fair*				*Carrying*				*Fair*
	*Hierarchy*		*Value*				*Value*				*Value*				*Value*
Financial Assets:	*(dollars in thousands)*
Cash and due from banks	Level 1		$	252,769			$	252,769			$	431,373			$	431,373
Interest-earning deposits in other financial institutions	Level 1			600				600				600				600
Investment securities - AFS	Level 2			325,582				325,582				318,961				318,961
Investment securities - HTM	Level 2			5,200				4,928				5,209				5,097
Mortgage loans held for sale	Level 1			3,146				3,146				1,911				1,845
Loans, net	Level 3			3,005,971				2,953,571				2,989,958				2,918,296
Equity securities ⁽¹⁾	Level 3			21,748				21,748				22,251				22,251
Servicing assets	Level 3			7,545				14,510				8,110				14,883
Accrued interest receivable ⁽¹⁾	Level 1/2/3			14,141				14,141				13,743				13,743

			*Notional*				*Fair*				*Notional*				*Fair*
Derivative assets:			*Value*				*Value*				*Value*				*Value*
Interest rate lock contracts ⁽¹⁾	Level 3		$	1,449			$	15			$	1,255			$	32
Forward mortgage loan sale contracts ⁽¹⁾	Level 3			407				4				1,104				14

			*Carrying*				*Fair*				*Carrying*				*Fair*
Financial Liabilities:			*Value*				*Value*				*Value*				*Value*
Deposits	Level 2		$	3,023,605			$	3,008,977			$	3,174,760			$	3,181,495
FHLB advances	Level 3			150,000				149,642				150,000				144,891
Long-term debt	Level 3			119,338				95,154				119,147				83,864
Subordinated debentures	Level 3			15,047				14,890				14,938				14,566
Accrued interest payable	Level 2/3			6,027				6,027				11,671				11,671