v3.25.1
Note 3 - Investment Securities (Tables)
3 Months Ended
Mar. 31, 2025
Notes Tables  
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block]
  

March 31, 2025

 
      

Gross

  

Gross

     
  

Amortized

  

Unrealized

  

Unrealized

  

Fair

 

(in thousands)

 

Cost

  

Gains

  

Losses

  

Value

 

State and municipals

 $151,123  $9  $(17,573) $133,559 

Pass-through mortgage securities

  156,532   31   (25,368)  131,195 

Collateralized mortgage obligations

  159,799   853   (19,365)  141,287 

SBA agency obligations

  95,216   250   (1,022)  94,444 

Corporate bonds

  119,000      (4,135)  114,865 
  $681,670  $1,143  $(67,463) $615,350 
  

December 31, 2024

 

State and municipals

 $151,909  $8  $(16,374) $135,543 

Pass-through mortgage securities

  158,789   8   (29,357)  129,440 

Collateralized mortgage obligations

  166,014   595   (21,550)  145,059 

SBA agency obligations

  102,308   262   (1,143)  101,427 

Corporate bonds

  119,000      (5,690)  113,310 
  $698,020  $873  $(74,114) $624,779 
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value [Table Text Block]
  

March 31, 2025

 
  

Less than

  

12 Months

         
  

12 Months

  

or More

  

Total

 
  

Fair

  

Unrealized

  

Fair

  

Unrealized

  

Fair

  

Unrealized

 

(in thousands)

 

Value

  

Loss

  

Value

  

Loss

  

Value

  

Loss

 

State and municipals

 $14,051  $(441) $116,155  $(17,132) $130,206  $(17,573)

Pass-through mortgage securities

  7,639   (47)  120,123   (25,321)  127,762   (25,368)

Collateralized mortgage obligations

        92,361   (19,365)  92,361   (19,365)

SBA agency obligations

        77,636   (1,022)  77,636   (1,022)

Corporate bonds

        114,865   (4,135)  114,865   (4,135)

Total temporarily impaired

 $21,690  $(488) $521,140  $(66,975) $542,830  $(67,463)
  

December 31, 2024

 

State and municipals

 $14,719  $(318) $117,168  $(16,056) $131,887  $(16,374)

Pass-through mortgage securities

  9,364   (179)  119,191   (29,178)  128,555   (29,357)

Collateralized mortgage obligations

  3,726   (33)  92,366   (21,517)  96,092   (21,550)

SBA agency obligations

        83,439   (1,143)  83,439   (1,143)

Corporate bonds

        113,310   (5,690)  113,310   (5,690)

Total temporarily impaired

 $27,809  $(530) $525,474  $(73,584) $553,283  $(74,114)

 

Following is a discussion of unrealized losses by type of security, none of which are considered impaired at March 31, 2025.

Investments Classified by Contractual Maturity Date [Table Text Block]

(in thousands)

 

Amortized Cost

  

Fair Value

 

Within one year

 $793  $790 

After 1 through 5 years

  141,318   136,111 

After 5 through 10 years

  40,235   36,259 

After 10 years

  87,777   75,264 

Mortgage and asset-backed securities

  411,547   366,926 
  $681,670  $615,350