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Note 2 - Investments, Available for Sale (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block]
  

December 31, 2023

 

(Dollars in thousands)

 

Amortized Cost

  

Gross Unrealized Gains

  

Gross Unrealized Losses

  

Fair value

 

Student Loan Pools

 $51,022  $72  $(728) $50,366 

Small Business Administration (“SBA”) Bonds

  79,014   416   (2,677)  76,753 

Tax Exempt Municipal Bonds

  21,501   643   (908)  21,236 

Taxable Municipal Bonds

  64,669      (11,554)  53,115 

Mortgage-Backed Securities ("MBS")

  368,081   31   (31,942)  336,170 

Total AFS Securities

 $584,287  $1,162  $(47,809) $537,640 
  

December 31, 2022

 

(Dollars in thousands)

 

Amortized Cost

  

Gross Unrealized Gains

  

Gross Unrealized Losses

  

Fair value

 

Student Loan Pools

 $60,855  $12  $(1,709) $59,158 

SBA Bonds

  102,293   584   (3,247)  99,630 

Tax Exempt Municipal Bonds

  22,537   405   (1,632)  21,310 

Taxable Municipal Bonds

  65,250      (14,480)  50,770 

MBS

  353,222   30   (33,972)  319,280 

Total AFS Securities

 $604,157  $1,031  $(55,040) $550,148 
Investments Classified by Contractual Maturity Date [Table Text Block]

(Dollars in thousands)

 

Amortized Cost

  

Fair Value

 

Due in one year or less

 $5  $5 

Due after one year to five years

  7,646   7,664 

Due after five to ten years

  73,665   69,452 

Due after ten years or more

  134,890   124,349 

MBS

  368,081   336,170 

Total AFS Securities

 $584,287  $537,640 
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value [Table Text Block]
  

December 31, 2023

 
  

Less than 12 Months

  

12 Months or More

  

Total

 
  

Fair

  

Unrealized

      

Fair

  

Unrealized

      

Fair

  

Unrealized

 

(Dollars in thousands)

 

Value

  

Losses

  

#

  

Value

  

Losses

  

#

  

Value

  

Losses

 

Student Loan Pools

 $377  $1   1  $43,872  $727   34  $44,249  $728 

SBA Bonds

  2,200   5   4   39,151   2,672   63   41,351   2,677 

Tax Exempt Municipal Bonds

           12,965   908   12   12,965   908 

Taxable Municipal Bonds

           53,115   11,554   59   53,115   11,554 

MBS

  36,069   434   30   292,864   31,508   213   328,933   31,942 
  $38,646  $440   35  $441,967  $47,369   381  $480,613  $47,809 
  

December 31, 2022

  

Less than 12 Months

  

12 Months or More

  

Total

  

Fair

  

Unrealized

      

Fair

  

Unrealized

      

Fair

  

Unrealized

 

(Dollars in thousands)

 

Value

  

Losses

  

#

  

Value

  

Losses

  

#

  

Value

  

Losses

 

Student Loan Pools

 $24,768  $638   16  $30,684  $1,071   23  $55,452  $1,709 

SBA Bonds

  8,404   121   18   45,969   3,126   52   54,373   3,247 

Tax Exempt Municipal Bonds

  8,051   719   9   4,929   913   4   12,980   1,632 

Taxable Municipal Bonds

  14,428   3,197   17   36,342   11,283   43   50,770   14,480 

MBS

  146,016   11,133   145   170,578   22,839   89   316,594   33,972 
  $201,667  $15,808   205  $288,502  $39,232   211  $490,169  $55,040