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Note 13 - Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2021
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
  

Fair Value Measurements at March 31, 2021 Using

 
  

Balance at March 31,

  Quoted Prices in Active Markets for Identical Assets  Significant Other Observable Inputs  

Significant Unobservable Inputs

 

Description

 

2021

  

Level 1

  

Level 2

  

Level 3

 

Assets:

                

Securities available for sale:

                
U.S. Treasury $30,046  $  $30,046  $ 

Federal agencies and GSEs

  109,327      109,327    

Mortgage-backed and CMOs

  264,913      264,913    

State and municipal

  64,573      64,573    

Corporate

  13,284      13,284    

Total securities available for sale

 $482,143  $  $482,143  $ 
Loans held for sale $17,929  $  $17,929  $ 

Liabilities:

                

Derivative - cash flow hedges

 $3,087  $  $3,087  $ 
  

Fair Value Measurements at December 31, 2020 Using

 
  

Balance at December 31,

  Quoted Prices in Active Markets for Identical Assets  Significant Other Observable Inputs  

Significant Unobservable Inputs

 

Description

 

2020

  

Level 1

  

Level 2

  

Level 3

 

Assets:

                

Securities available for sale:

                

U.S. Treasury

 $34,998  $  $34,998  $ 

Federal agencies and GSEs

  106,023      106,023    

Mortgage-backed and CMOs

  252,782      252,782    

State and municipal

  59,099      59,099    

Corporate

  13,189      13,189    

Total securities available for sale

 $466,091  $  $466,091  $ 
Loans held for sale $15,591  $  $15,591  $ 

Liabilities:

                

Derivative - cash flow hedges

 $4,868  $  $4,868  $ 
Fair Value Measurements, Nonrecurring [Table Text Block]
  

Fair Value Measurements at March 31, 2021 Using

 
  

Balance at March 31,

  Quoted Prices in Active Markets for Identical Assets  Significant Other Observable Inputs  

Significant Unobservable Inputs

 

Description

 

2021

  

Level 1

  

Level 2

  

Level 3

 

Assets:

                

Impaired loans, net of valuation allowance

 $144  $  $  $144 

Other real estate owned, net

  443   

      443 
  

Fair Value Measurements at December 31, 2020 Using

 
  

Balance at December 31,

  Quoted Prices in Active Markets for Identical Assets  Significant Other Observable Inputs  

Significant Unobservable Inputs

 

Description

 

2020

  

Level 1

  

Level 2

  

Level 3

 

Assets:

                

Impaired loans, net of valuation allowance

 $268  $  $  $268 

Other real estate owned, net

  958         958 
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

Assets

 

Valuation Technique

 

Unobservable Input

 

Range; Weighted Average (1)

       

Impaired loans

 

Discounted appraised value

 

Selling cost

 8.00%
  

Discounted cash flow analysis

 

Market rate for borrower (discount rate)

 4.13% - 7.20%; 5.20%
       

Other real estate owned, net

 

Discounted appraised value

 

Selling cost

 8.00%
Fair Value, by Balance Sheet Grouping [Table Text Block]
  

Fair Value Measurements at March 31, 2021 Using

 
  Carrying  

Quoted Prices in Active Markets for Identical Assets

  

Significant Other Observable Inputs

  

Significant Unobservable Inputs

  Fair Value 
  Value  Level 1  Level 2  Level 3  Balance 

Financial Assets:

                    

Cash and cash equivalents

 $417,250  $417,250  $  $  $417,250 

Securities available for sale

  482,143      482,143      482,143 

Restricted stock

  8,024      8,024      8,024 

Loans held for sale

  17,929      17,929      17,929 

Loans, net of allowance

  1,957,224         1,965,325   1,965,325 

Bank owned life insurance

  28,635      28,635      28,635 

Accrued interest receivable

  6,652      6,652      6,652 
                     

Financial Liabilities:

                    

Deposits

 $2,632,534  $  $2,635,559  $  $2,635,559 

Repurchase agreements

  39,205      39,205      39,205 

Subordinated debt

  7,500      7,535      7,535 

Junior subordinated debt

  28,156         23,701   23,701 

Accrued interest payable

  543      543      543 

Derivative - cash flow hedges

  3,087      3,087      3,087 
  

Fair Value Measurements at December 31, 2020 Using

 
  Carrying  

Quoted Prices in Active Markets for Identical Assets

  

Significant Other Observable Inputs

  

Significant Unobservable Inputs

  Fair Value 
  Value  Level 1  Level 2  Level 3  Balance 

Financial Assets:

                    

Cash and cash equivalents

 $374,370  $374,370  $  $  $374,370 

Securities available for sale

  466,091      466,091      466,091 

Restricted stock

  8,715      8,715      8,715 

Loans held for sale

  15,591      15,591      15,591 

Loans, net of allowance

  1,993,653         1,992,326   1,992,326 

Bank owned life insurance

  28,482      28,482      28,482 

Accrued interest receivable

  7,193      7,193      7,193 
                     

Financial Liabilities:

                    

Deposits

 $2,611,330  $  $2,615,157  $  $2,615,157 

Repurchase agreements

  42,551      42,551      42,551 
Subordinated debt  7,500      7,522      7,522 

Junior subordinated debt

  28,130         21,696   21,696 

Accrued interest payable

  778      778      778 

Derivative - cash flow hedges

  4,868      4,868      4,868