v3.25.1
Note 11 - Fair Values of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2025
Notes Tables  
Fair Value, by Balance Sheet Grouping [Table Text Block]
  

Level in

 

March 31, 2025

  

December 31, 2024

 
  

Fair

                
  

Value

 

Carrying

  

Fair

  

Carrying

  

Fair

 

(Dollars in thousands)

 Hierarchy Values  Values  Values  Values 

Financial assets:

                   

Cash and cash equivalents

 

Level 1

 $385,460  $385,460  $393,010  $393,010 

Securities available for sale

 (1)  787,583   787,583   730,352   730,352 

FHLBI stock

 (2)  21,513   21,513   21,513   21,513 

Loans, net

 

Level 3

  4,579,883   4,597,149   4,546,327   4,558,628 

Mortgage loans held for sale

 

Level 2

  15,192   15,525   15,824   16,047 

Accrued interest receivable

 

Level 2

  22,901   22,901   21,401   21,401 

Interest rate swaps

 

Level 2

  24,722   24,722   26,793   26,793 
                    

Financial liabilities:

                   

Deposits

 Level 2  4,681,785   4,547,926   4,698,366   4,541,896 

Securities sold under agreements to repurchase

 

Level 2

  242,102   242,102   121,521   121,521 

FHLBI advances

 Level 2  366,221   357,003   387,083   374,499 

Subordinated debentures

 Level 2  50,501   50,507   50,330   50,336 

Subordinated notes

 Level 2  89,400   82,724   89,314   81,825 

Accrued interest payable

 

Level 2

  9,527   9,527   10,201   10,201 

Interest rate swaps

 

Level 2

  25,073   25,073   27,050   27,050