NOTE 7 - FAIR VALUE (Tables)

6 Months Ended

Jun. 30, 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)
June 30, 2021:
Securities AFS:
U.S. govt. sponsored agency securities	$	14,670	$	—	$	14,670	$	—
Residential mortgage-backed and related securities		106,138		—		106,138		—
Municipal securities		169,320		—		169,320		—
Asset-backed securities		31,779		—		31,779		—
Other securities		15,379		—		15,379		—
Derivatives		193,395		—		193,395		—
Total assets measured at fair value	$	530,681	$	—	$	530,681	$	—
Derivatives	$	196,092	$	—	$	196,092	$	—
Total liabilities measured at fair value	$	196,092	$	—	$	196,092	$	—
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)
June 30, 2021:
Loans/leases evaluated individually	$	85,276	$	—	$	—	$	85,276
OREO		1,966		—		—		1,966
	$	87,242	$	—	$	—	$	87,242
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
	June 30,		December 31,
	2021		2020		Valuation Technique	Unobservable Input	Range
	(dollars in thousands)
Loans/leases evaluated individually	$	85,276	$	9,926	Appraisal of collateral	Appraisal adjustments	-10.00	%	to	-30.00	%
OREO		1,966		22	Appraisal of collateral	Appraisal adjustments	0.00	%	to	-35.00	%

Schedule of assets and liabilities measured at fair value

	Fair Value	As of June 30, 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	$	55,598	$	55,598	$	61,329	$	61,329
Federal funds sold	Level 2		1,340		1,340		9,080		9,080
Interest-bearing deposits at financial institutions	Level 2		87,440		87,440		86,596		86,596
Investment securities:
HTM	Level 2		473,159		523,442		476,165		521,277
AFS	Level 2		337,286		337,286		361,966		361,966
Loans/leases receivable, net	Level 3		78,959		85,276		9,191		9,926
Loans/leases receivable, net	Level 2		4,259,852		4,174,761		4,157,562		4,112,735
Derivatives	Level 2		193,395		193,395		222,757		222,757
Deposits:
Nonmaturity deposits	Level 2		4,232,439		4,232,439		4,138,478		4,138,478
Time deposits	Level 2		456,496		453,483		460,659		465,681
Short-term borrowings	Level 2		7,070		7,070		5,430		5,430
FHLB advances	Level 2		40,000		39,996		15,000		14,998
Subordinated notes	Level 2		113,771		116,441		118,691		112,406
Junior subordinated debentures	Level 2		38,067		30,799		37,993		30,618
Derivatives	Level 2		196,092		196,092		229,270		229,270