NOTE 7 - FAIR VALUE (Tables)

3 Months Ended

Mar. 31, 2021

Notes Tables

Schedule of assets measured at fair value

			Fair Value Measurements at Reporting Date Using
			Quoted Prices		Significant
			in Active		Other		Significant
			Markets for		Observable		Unobservable
			Identical Assets		Inputs		Inputs
	Fair Value		(Level 1)		(Level 2)		(Level 3)
	(dollars in thousands)
March 31, 2021:
Securities AFS:
U.S. govt. sponsored agency securities	$	14,581	$	—	$	14,581	$	—
Residential mortgage-backed and related securities		118,052		—		118,052		—
Municipal securities		162,573		—		162,573		—
Asset-backed securities		39,815		—		39,815		—
Other securities		11,852		—		11,852		—
Derivatives		122,668		—		122,668		—
Total assets measured at fair value	$	469,541	$	—	$	469,541	$	—
Derivatives	$	125,863	$	—	$	125,863	$	—
Total liabilities measured at fair value	$	125,863	$	—	$	125,863	$	—
December 31, 2020:
Securities AFS:
U.S. govt. sponsored agency securities	$	15,336	$	—	$	15,336	$	—
Residential mortgage-backed and related securities		132,842		—		132,842		—
Municipal securities		152,408		—		152,408		—
Asset-backed securities		40,683		—		40,683		—
Other securities		20,697		—		20,697		—
Derivatives		222,757		—		222,757		—
Total assets measured at fair value	$	584,723	$	—	$	584,723	$	—
Derivatives	$	229,270	$	—	$	229,270	$	—
Total liabilities measured at fair value	$	229,270	$	—	$	229,270	$	—

			Fair Value Measurements at Reporting Date Using
			Quoted Prices		Significant
			in Active		Other		Significant
			Markets for		Observable		Unobservable
			Identical Assets		Inputs		Inputs
	Fair Value		Level 1		Level 2		Level 3
	(dollars in thousands)
March 31, 2021:
Loans/leases evaluated individually	$	31,472	$	—	$	—	$	31,472
OREO		187		—		—		187
	$	31,659	$	—	$	—	$	31,659
December 31, 2020:
Loans/leases evaluated individually	$	9,926	$	—	$	—	$	9,926
OREO		22		—		—		22
	$	9,948	$	—	$	—	$	9,948

Schedule of assets measured at fair value, valuation techniques

	Quantitative Information about Level Fair Value Measurements
	Fair Value		Fair Value
	March 31,		December 31,
	2021		2020		Valuation Technique	Unobservable Input	Range
	(dollars in thousands)
Loans/leases evaluated individually	$	31,472	$	9,926	Appraisal of collateral	Appraisal adjustments	-10.00	%	to	-30.00	%
OREO		187		22	Appraisal of collateral	Appraisal adjustments	0.00	%	to	-35.00	%

Schedule of assets and liabilities measured at fair value

	Fair Value	As of March 31, 2021				As of December 31, 2020
	Hierarchy	Carrying		Estimated		Carrying		Estimated
	Level	Value		Fair Value		Value		Fair Value
		(dollars in thousands)
Cash and due from banks	Level 1	$	78,814	$	78,814	$	61,329	$	61,329
Federal funds sold	Level 2		1,350		1,350		9,080		9,080
Interest-bearing deposits at financial institutions	Level 2		53,706		53,706		86,596		86,596
Investment securities:
HTM	Level 2		452,952		491,347		476,165		521,277
AFS	Level 2		346,873		346,873		361,966		361,966
Loans/leases receivable, net	Level 3		29,141		31,472		9,191		9,926
Loans/leases receivable, net	Level 2		4,250,079		4,200,051		4,157,562		4,112,735
Derivatives	Level 2		122,668		122,668		222,757		222,757
Deposits:
Nonmaturity deposits	Level 2		4,185,632		4,182,630		4,138,478		4,138,478
Time deposits	Level 2		446,150		447,790		460,659		465,681
Short-term borrowings	Level 2		6,840		6,840		5,430		5,430
FHLB advances	Level 2		25,000		24,998		15,000		14,998
Subordinated notes	Level 2		118,731		121,545		118,691		112,406
Junior subordinated debentures	Level 2		38,030		30,744		37,993		30,618
Derivatives	Level 2		125,863		125,863		229,270		229,270