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Note 21 - Fair Value (Tables)
12 Months Ended
Dec. 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)

December 31, 2022:

 

  

 

  

 

  

 

  

Securities AFS:

 

  

 

  

 

  

 

  

U.S. treasuries and govt. sponsored agency securities

$

16,981

$

$

16,981

$

Residential mortgage-backed and related securities

 

66,215

 

 

66,215

 

Municipal securities

 

193,178

 

 

193,178

 

Asset-backed securities

18,728

18,728

Other securities

 

45,858

 

 

45,858

 

Derivatives

 

177,631

 

 

177,631

 

Total assets measured at fair value

$

518,591

$

$

518,591

$

 

  

 

  

 

  

 

  

Derivatives

$

200,701

$

$

200,701

$

Total liabilities measured at fair value

$

200,701

$

$

200,701

$

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

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)

December 31, 2022:

 

  

 

  

 

  

 

  

Loans/leases evaluated individually

$

30,765

$

$

$

30,765

OREO

 

144

 

 

 

144

$

30,909

$

$

$

30,909

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

 

December 31, 

December 31, 

 

    

2022

    

2021

    

Valuation Technique

    

Unobservable Input

    

Range

(dollars in thousands)

Loans/leases evaluated individually

$

30,765

$

6,618

 

Appraisal of collateral

 

Appraisal adjustments

 

-10.00

%  

to

 

-30.00

%

OREO

 

144

 

 

Appraisal of collateral

 

Appraisal adjustments

 

0.00

%  

to

 

-35.00

%

Schedule of assets and liabilities measured at fair value

Fair Value

As of December 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

$

59,723

$

59,723

$

37,490

$

37,490

Federal funds sold

 

Level 2

 

56,910

 

56,910

 

12,370

 

12,370

Interest-bearing deposits at financial institutions

 

Level 2

 

67,360

 

67,360

 

75,292

 

75,292

Investment securities:

 

  

 

 

 

 

HTM

 

Level 2

 

587,142

 

535,636

 

472,385

 

522,297

AFS

 

Level 2

 

340,960

 

340,960

 

337,830

 

337,830

Loans/leases receivable, net

 

Level 3

 

28,486

 

30,765

 

6,128

 

6,618

Loans/leases receivable, net

 

Level 2

 

6,022,679

 

5,896,443

 

4,595,283

 

4,478,899

Derivatives

 

Level 2

 

177,631

 

177,631

 

222,220

 

222,220

Deposits:

 

  

 

 

 

 

Nonmaturity deposits

 

Level 2

 

5,199,633

 

5,199,633

 

4,501,424

 

4,501,424

Time deposits

 

Level 2

 

784,584

 

766,294

 

421,348

 

419,453

Short-term borrowings

 

Level 2

 

129,630

 

129,630

 

3,800

 

3,800

FHLB advances

 

Level 2

 

415,000

 

415,000

 

15,000

 

15,000

Subordinated notes

Level 2

232,662

250,613

113,850

116,203

Junior subordinated debentures

 

Level 2

 

48,602

 

41,545

 

38,155

 

31,072

Derivatives

 

Level 2

 

200,701

 

200,701

 

225,135

 

225,135