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Note 3 - Investment Securities (Tables)
12 Months Ended
Dec. 31, 2022
Notes Tables  
Debt Securities, Available-for-Sale [Table Text Block]
      

Gross

  

Gross

     
  

Amortized

  

Unrealized

  

Unrealized

  

Fair

 
  

Cost

  

Gains

  

Losses

  

Value

 
  

(dollars in thousands)

 

December 31, 2022

                

Investment securities available-for-sale

                

Federal agency obligations

 $54,889  $-  $(10,439) $44,450 

Residential mortgage pass-through securities

  475,263   178   (57,863)  417,578 

Commercial mortgage pass-through securities

  25,485   -   (4,381)  21,104 

Obligations of U.S. states and political subdivisions​​

  157,247   111   (14,462)  142,896 

Corporate bonds and notes

  7,000   -   (26)  6,974 

Asset-backed securities

  1,673   -   (33)  1,640 

Other securities

  242   -   -   242 

Total securities available-for-sale

 $721,799  $289  $(87,204) $634,884 

 

      

Gross

  

Gross

     
  

Amortized

  

Unrealized

  

Unrealized

  

Fair

 
  

Cost

  

Gains

  

Losses

  

Value

 
  

(dollars in thousands)

 

December 31, 2021

                

Investment 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]
  

December 31, 2022

 
  

Amortized

  

Fair

 
  

Cost

  

Value

 
  

(dollars in thousands)

 

Investment securities available-for-sale:

        

Due in one year or less

 $5,453  $5,451 

Due after one year through five years

  4,106   4,082 

Due after five years through ten years

  2,247   2,244 

Due after ten years

  209,003   184,183 

Residential mortgage pass-through securities

  475,263   417,578 

Commercial mortgage pass-through securities

  25,485   21,104 

Other securities

  242   242 

Total securities available-for-sale

 $721,799  $634,884 

 

Schedule of Realized Gain (Loss) [Table Text Block]
  

Years Ended December 31,

 
  

2022

  

2021

  

2020

 
  

(dollars in thousands)

 

Proceeds

 $-  $5,185  $19,624 

Gross gains on sale/redemption of investment securities

 $-  $195  $29 

Gross losses on sale/redemption of investment securities

  -   -   - 

Net gains on sales/redemptions of investment securities​​

  -   195   29 

Tax provision on net gains

  -   (48)  (6)

Net gains on sale/redemption of investment securities, after tax​​

 $-  $147  $23 

 

Schedule of Unrealized Loss on Investments [Table Text Block]
  

December 31, 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)

 

Investment securities available-for-sale:

                        

Federal agency obligation

 $44,451  $(10,439) $20,517  $(1,831) $23,934  $(8,608)

Residential mortgage pass-through securities

  403,039   (57,863)  218,918   (13,869)  184,121   (43,994)

Commercial mortgage pass-through securities

  21,105   (4,381)  14,523   (2,304)  6,582   (2,077)

Obligations of U.S. states and political subdivisions

  133,265   (14,462)  47,446   (3,404)  85,819   (11,058)

Corporate bonds and notes

  4,973   (26)  4,973   (26)  -   - 

Asset-backed securities

  1,640   (33)  1,048   (16)  592   (17)

Total temporarily impaired securities

 $608,473  $(87,204) $307,425  $(21,450) $301,048  $(65,754)
  

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)

 

Investment securities available-for-sale:

                        

Federal agency obligation

 $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)