Note 7 - FAIR VALUE (Tables)

3 Months Ended

Mar. 31, 2022

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, 2022:
Securities AFS:
U.S. treasuries and govt. sponsored agency securities	$	21,380	$	—	$	21,380	$	—
Residential mortgage-backed and related securities		86,380		—		86,380		—
Municipal securities		191,473		—		191,473		—
Asset-backed securities		23,232		—		23,232		—
Other securities		24,221		—		24,221		—
Derivatives		107,326		—		107,326		—
Total assets measured at fair value	$	454,012	$	—	$	454,012	$	—
Derivatives	$	116,193	$	—	$	116,193	$	—
Total liabilities measured at fair value	$	116,193	$	—	$	116,193	$	—
December 31, 2021:
Securities AFS:
U.S. govt. sponsored agency securities	$	23,328	$	—	$	23,328	$	—
Residential mortgage-backed and related securities		94,323		—		94,323		—
Municipal securities		168,266		—		168,266		—
Asset-backed securities		27,124		—		27,124		—
Other securities		24,789		—		24,789		—
Derivatives		222,220		—		222,220		—
Total assets measured at fair value	$	560,050	$	—	$	560,050	$	—
Derivatives	$	225,135	$	—	$	225,135	$	—
Total liabilities measured at fair value	$	225,135	$	—	$	225,135	$	—

			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, 2022:
Loans/leases evaluated individually	$	19,913	$	—	$	—	$	19,913
December 31, 2021:
Loans/leases evaluated individually	$	6,618	$	—	$	—	$	6,618

Schedule of assets measured at fair value, valuation techniques

	Quantitative Information about Level Fair Value Measurements
	Fair Value		Fair Value
	March 31,		December 31,
	2022		2021		Valuation Technique	Unobservable Input	Range
	(dollars in thousands)
Loans/leases evaluated individually	$	19,913	$	6,618	Appraisal of collateral	Appraisal adjustments	-10.00	%	to	-30.00	%

Schedule of assets and liabilities measured at fair value

	Fair Value	As of March 31, 2022				As of December 31, 2021
	Hierarchy	Carrying		Estimated		Carrying		Estimated
	Level	Value		Fair Value		Value		Fair Value
		(dollars in thousands)
Cash and due from banks	Level 1	$	50,540	$	50,540	$	37,490	$	37,490
Federal funds sold	Level 2		9,635		9,635		12,370		12,370
Interest-bearing deposits at financial institutions	Level 2		56,755		56,755		75,292		75,292
Investment securities:
HTM	Level 2		476,625		484,377		472,385		522,297
AFS	Level 2		346,686		346,686		337,830		337,830
Loans/leases receivable, net	Level 3		18,438		19,913		6,128		6,618
Loans/leases receivable, net	Level 2		4,734,644		4,670,679		4,595,283		4,478,899
Derivatives	Level 2		107,326		107,326		222,220		222,220
Deposits:
Nonmaturity deposits	Level 2		4,454,329		4,454,329		4,501,424		4,501,424
Time deposits	Level 2		385,360		376,546		421,348		419,453
Short-term borrowings	Level 2		1,190		1,190		3,800		3,800
FHLB advances	Level 2		290,000		290,000		15,000		15,000
Subordinated notes	Level 2		113,890		116,113		113,850		116,203
Junior subordinated debentures	Level 2		38,190		31,350		38,155		31,072
Derivatives	Level 2		116,193		116,193		225,135		225,135