XML 34 R23.htm IDEA: XBRL DOCUMENT v3.22.2
Note 3 - Investment Securities (Tables)
6 Months Ended
Jun. 30, 2022
Notes Tables  
Debt Securities, Available-for-Sale [Table Text Block]
                  

Allowance

 
                  

for

 
      

Gross

  

Gross

      

Investment

 
  

Amortized

  

Unrealized

  

Unrealized

  

Fair

  

Credit

 
  

Cost

  

Gains

  

Losses

  

Value

  

Losses

 
  

(dollars in thousands)

 

June 30, 2022

                    
                     

Securities available-for-sale

                    

Federal agency obligations

 $58,375  $3  $(5,708) $52,670  $- 

Residential mortgage pass-through securities

  480,445   718   (36,883)  444,280   - 

Commercial mortgage pass-through securities

  25,627   -   (2,769)  22,858   - 

Obligations of U.S. states and political subdivisions

  158,545   252   (10,766)  148,031   - 

Corporate bonds and notes

  5,480   20   (9)  5,491   - 

Asset-backed securities

  2,165   -   (48)  2,117    

Other securities

  494   -   -   494   - 

Total securities available-for-sale

 $731,131  $993  $(56,183) $675,941  $- 
                     

December 31, 2021

                    

Securities available-for-sale

                    

Federal agency obligations

 $50,336  $649  $(625) $50,360  $- 

Residential mortgage pass-through securities

  317,111   1,868   (2,884)  316,095   - 

Commercial mortgage pass-through securities

  10,814   118   (463)  10,469   - 

Obligations of U.S. states and political subdivisions

  145,045   1,562   (982)  145,625   - 

Corporate bonds and notes

  8,968   81   -   9,049   - 

Asset-backed securities

  2,563   3   (2)  2,564   - 

Certificates of deposit

  150   -   -   150   - 

Other securities

  195   -   -   195   - 

Total securities available-for-sale

 $535,182  $4,281  $(4,956) $534,507  $- 
Investments Classified by Contractual Maturity Date [Table Text Block]
  

June 30, 2022

 
  

Amortized

  

Fair

 
  

Cost

  

Value

 
  

(dollars in thousands)

 

Securities available-for-sale:

        

Due in one year or less

 $3,450  $3,444 

Due after one year through five years

  4,876   4,880 

Due after five years through ten years

  3,765   3,788 

Due after ten years

  212,474   196,197 

Residential mortgage pass-through securities

  480,445   444,280 

Commercial mortgage pass-through securities

  25,627   22,858 

Other securities

  494   494 

Total securities available-for-sale

 $731,131  $675,941 
Schedule of Realized Gain (Loss) [Table Text Block]
                 
  

Three Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

 
  

2022

  

2021

  

2022

  

2021

 
  

(dollars in thousands)

 

Proceeds

 $-  $5,185  $-  $5,185 
                 

Gross gains on sales/redemptions of securities

  -   195   -   195 

Gross losses on sales/redemptions of securities

  -   -   -   - 

Net gain on sales/redemptions of securities

  -   195   -   195 

Less: tax provision on net gain

  -   (48)  -   (48)

Net gain on sales/redemptions of securities, after taxes

 $-  $147  $-  $147 
                 
Schedule of Unrealized Loss on Investments [Table Text Block]
  

June 30, 2022

 
  

Total

  

Less than 12 Months

  

12 Months or Longer

 
  

Fair

  

Unrealized

  

Fair

  

Unrealized

  

Fair

  

Unrealized

 
  

Value

  

Losses

  

Value

  

Losses

  

Value

  

Losses

 
  

(dollars in thousands)

 

Securities available-for-sale:

                        

Federal agency obligations

 $52,432  $(5,708) $52,432  $(5,708) $-  $- 

Residential mortgage pass-through securities

  379,001   (36,883)  325,284   (28,304)  53,717   (8,579)

Commercial mortgage pass-through securities

  22,858   (2,769)  19,209   (1,731)  3,649   (1,038)

Obligations of U.S. states and political subdivisions

  109,547   (10,766)  99,802   (10,214)  9,745   (552)

Corporate bonds and notes

  1,989   (9)  1,989   (9)  -   - 

Asset-backed securities

  2,117   (48)  2,117   (48)  -   - 

Total temporarily impaired securities

 $567,944  $(56,183) $500,833  $(46,014) $67,111  $(10,169)
  

December 31, 2021

 
  

Total

  

Less than 12 Months

  

12 Months or Longer

 
  

Fair

  

Unrealized

  

Fair

  

Unrealized

  

Fair

  

Unrealized

 
  

Value

  

Losses

  

Value

  

Losses

  

Value

  

Losses

 
  

(dollars in thousands)

 

Securities available-for-sale:

                        

Federal agency obligations

 $28,974  $(625) $28,974  $(625) $-  $- 

Residential mortgage pass-through securities

  246,396   (2,884)  214,701   (2,111)  31,695   (773)

Commercial mortgage pass-through securities

  8,370   (463)  4,682   (75)  3,688   (388)

Obligations of U.S. states and political subdivisions

  89,473   (982)  89,473   (982)  -   - 

Asset-backed securities

  802   (2)  802   (2)  -   - 

Total Temporarily Impaired Securities

 $374,015  $(4,956) $338,632  $(3,795) $35,383  $(1,161)