Note 22 - Disclosures About Fair Value of Financial Instruments (Tables)
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12 Months Ended |
Dec. 31, 2020 |
Notes Tables |
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Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
| | Measured on a Recurring Basis | |
| | Total Carrying Value in the Consolidated Balance Sheet | | | Quoted Market Prices in an Active Market (Level 1) | | | Models with Significant Observable Market Parameters (Level 2) | | | Models with Significant Unobservable Market Parameters (Level 3) | |
December 31, 2020 | | | | | | | | | | | | | | | | |
Hedged Loans | | $ | 29,417 | | | | — | | | | 29,417 | | | | — | |
Investment securities available-for-sale: | | | | | | | | | | | | | | | | |
U.S. Government sponsored enterprises | | | 125,905 | | | | — | | | | 125,905 | | | | — | |
Mortgage-backed securities | | | 263,790 | | | | — | | | | 263,790 | | | | — | |
Asset-backed securities | | | 36,957 | | | | — | | | | 36,957 | | | | — | |
Corporate bonds | | | 2,600 | | | | — | | | | 2,600 | | | | — | |
State and municipal securities | | | 151,291 | | | | — | | | | 151,291 | | | | — | |
Total investment securities available-for-sale | | | 580,543 | | | | — | | | | 580,543 | | | | — | |
Mortgage loans held for sale | | | 19,474 | | | | — | | | | 19,474 | | | | — | |
Derivatives | | | 714 | | | | — | | | | 714 | | | | — | |
Bank owned life insurance | | | 35,197 | | | | — | | | | — | | | | 35,197 | |
Total assets | | $ | 665,345 | | | | --- | | | | 630,148 | | | | 35,197 | |
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Derivatives | | $ | 208 | | | | — | | | | 208 | | | | — | |
Total liabilities | | $ | 208 | | | | — | | | | 208 | | | | — | |
| | Measured on a Recurring Basis | |
| | Total Carrying Value in the Consolidated Balance Sheet | | | Quoted Market Prices in an Active Market (Level 1) | | | Models with Significant Observable Market Parameters (Level 2) | | | Models with Significant Unobservable Market Parameters (Level 3) | |
December 31, 2019 | | | | | | | | | | | | | | | | |
Hedged Loans | | $ | — | | | | — | | | | — | | | | — | |
Investment securities available-for-sale: | | | | | | | | | | | | | | | | |
U.S. Government sponsored enterprises | | | 59,579 | | | | — | | | | 59,579 | | | | — | |
Mortgage-backed securities | | | 267,313 | | | | — | | | | 267,313 | | | | — | |
Asset-backed securities | | | 27,229 | | | | — | | | | 27,229 | | | | — | |
Corporate bonds | | | — | | | | — | | | | — | | | | — | |
State and municipal securities | | | 67,024 | | | | — | | | | 67,024 | | | | — | |
Total investment securities available-for-sale | | | 421,145 | | | | — | | | | 421,145 | | | | — | |
Mortgage loans held for sale | | | 18,179 | | | | — | | | | 18,179 | | | | — | |
Derivatives | | | 328 | | | | — | | | | 328 | | | | — | |
Bank owned life insurance | | | 31,762 | | | | — | | | | — | | | | 31,762 | |
Total assets | | $ | 471,414 | | | | --- | | | | 439,652 | | | | 31,762 | |
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Derivatives | | $ | 23 | | | | — | | | | 23 | | | | — | |
Total liabilities | | $ | 23 | | | | — | | | | 23 | | | | — | |
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Fair Value Measurements, Nonrecurring [Table Text Block] |
| | Measured on a Non-Recurring Basis | |
| | Total Carrying Value in the Consolidated Balance Sheet | | | Quoted Market Prices in an Active Market (Level 1) | | | Models with Significant Observable Market Parameters (Level 2) | | | Models with Significant Unobservable Market Parameters (Level 3) | |
December 31, 2020 | | | | | | | | | | | | | | | | |
Other real estate owned | | $ | — | | | | — | | | | — | | | | — | |
Impaired loans, net (¹) | | | 2,635 | | | | — | | | | — | | | | 2,635 | |
Total | | $ | 2,635 | | | | — | | | | — | | | | 2,635 | |
December 31, 2019 | | | | | | | | | | | | | | | | |
Other real estate owned | | $ | 697 | | | | — | | | | — | | | | 697 | |
Impaired loans, net (¹) | | | 3,916 | | | | — | | | | — | | | | 3,916 | |
Total | | $ | 4,613 | | | | — | | | | — | | | | 4,613 | |
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Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] |
| Valuation Techniques (2) | Significant Unobservable Inputs | | Range (Weighted Average) | |
Impaired loans | Appraisal | Estimated costs to sell | | | 10 | % |
Other real estate owned | Appraisal | Estimated costs to sell | | | 10 | % |
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(2) The fair value is generally determined through independent appraisals of the underlying collateral, which may include Level 3 inputs that are not identifiable, or by using the discounted cash flow method if the loan is not collateral dependent. |
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Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
| | For the Year Ended December 31, | |
| | 2020 | | | 2019 | |
| | Other Assets | | | Other Assets | |
Fair value, January 1 | | $ | 31,762 | | | $ | 30,952 | |
Total realized gains included in income | | | 823 | | | | 810 | |
Change in unrealized gains/losses included in other comprehensive income for assets and liabilities still held at December 31 | | | — | | | | — | |
Purchases, issuances and settlements, net | | | 2,612 | | | | — | |
Transfers out of Level 3 | | | — | | | | — | |
Fair value, December 31 | | $ | 35,197 | | | $ | 31,762 | |
Total realized gains included in income related to financial assets and liabilities still on the consolidated balance sheet at December 31 | | $ | 823 | | | $ | 810 | |
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Fair Value, by Balance Sheet Grouping [Table Text Block] |
(in Thousands) | | Carrying/Notional Amount | | | Estimated Fair Value (¹) | | | Quoted Market Prices in an Active Market (Level 1) | | | Models with Significant Observable Market Parameters (Level 2) | | | Models with Significant Unobservable Market Parameters (Level 3) | |
December 31, 2020 | | | | | | | | | | | | | | | | | | | | |
Financial assets: | | | | | | | | | | | | | | | | | | | | |
Cash and cash equivalents | | $ | 338,856 | | | | 338,856 | | | | 338,856 | | | | — | | | | — | |
Loans, net | | | 2,282,766 | | | | 2,302,530 | | | | — | | | | — | | | | 2,302,530 | |
Restricted equity securities | | | 5,089 | | | NA | | | NA | | | NA | | | NA | |
Accrued interest receivable | | | 7,516 | | | | 7,516 | | | | 1 | | | | 2,210 | | | | 5,305 | |
Financial liabilities: | | | | | | | | | | | | | | | | | | | | |
Deposits | | | 2,960,595 | | | | 2,796,339 | | | | — | | | | — | | | | 2,796,339 | |
Federal Home Loan Bank borrowings | | | 3,638 | | | | 3,755 | | | | — | | | | — | | | | 3,755 | |
Accrued interest payable | | | 3,051 | | | | 3,051 | | | | — | | | | — | | | | 3,051 | |
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December 31, 2019 | | | | | | | | | | | | | | | | | | | | |
Financial assets: | | | | | | | | | | | | | | | | | | | | |
Cash and cash equivalents | | $ | 159,770 | | | | 159,770 | | | | 159,770 | | | | — | | | | — | |
Loans, net | | | 2,057,175 | | | | 2,053,212 | | | | — | | | | — | | | | 2,053,212 | |
Restricted equity securities | | | 4,680 | | | NA | | | NA | | | NA | | | NA | |
Accrued interest receivable | | | 5,945 | | | | 5,945 | | | | 5 | | | | 1,647 | | | | 4,293 | |
Financial liabilities: | | | | | | | | | | | | | | | | | | | | |
Deposits | | | 2,417,605 | | | | 2,210,038 | | | | — | | | | — | | | | 2,210,038 | |
Federal Home Loan Bank borrowings | | | 23,613 | | | | 23,860 | | | | — | | | | — | | | | 23,860 | |
Accrued interest payable | | | 3,814 | | | | 3,814 | | | | — | | | | — | | | | 3,814 | |
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