v3.25.1
Note 3 - Investment Securities (Tables)
3 Months Ended
Mar. 31, 2025
Notes Tables  
Marketable Securities [Table Text Block]
  

March 31, 2025

 
  

Amortized

  

Unrealized

  

Unrealized

  

Allowance for

  

Fair

 

(dollars in thousands)

 

Cost

  

Gains

  

Losses

  

Credit Losses

  

Value

 

Available-for-sale

                    

U.S. Treasury and agencies

 $10,676  $2  $(2) $  $10,676 

Mortgage backed securities

                    

Residential agency

  581,983   35   (80,318)     501,700 

Commercial

  1,343      (69)     1,274 

Asset backed securities

  18            18 

Corporate bonds

  57,984      (3,924)     54,060 

Total available-for-sale investment securities

  652,004   37   (84,313)     567,728 

Held-to-maturity

                    

Obligations of state and political agencies

  115,636      (9,941)  76   105,695 

Mortgage backed securities

                    

Residential agency

  153,124      (24,244)  53   128,880 

Total held-to-maturity investment securities

  268,760      (34,185)  129   234,575 

Total investment securities

 $920,764  $37  $(118,498) $129  $802,303 
  

December 31, 2024

 
  

Amortized

  

Unrealized

  

Unrealized

  

Allowance for

  

Fair

 

(dollars in thousands)

 

Cost

  

Gains

  

Losses

  

Credit Losses

  

Value

 

Available-for-sale

                    

U.S. Treasury and agencies

 $30,691  $18  $(2)    $30,707 

Mortgage backed securities

                    

Residential agency

  596,510   1   (92,805)     503,706 

Commercial

  1,350      (99)     1,251 

Asset backed securities

  19            19 

Corporate bonds

  57,986      (5,616)     52,370 

Total available-for-sale investment securities

  686,556   19   (98,522)     588,053 

Held-to-maturity

                    

Obligations of state and political agencies

  119,623      (11,638)  77   107,985 

Mortgage backed securities

                    

Residential agency

  156,093      (27,092)  54   129,001 

Total held-to-maturity investment securities

  275,716      (38,730)  131   236,986 

Total investment securities

 $962,272  $19  $(137,252) $131  $825,039 
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value [Table Text Block]
      

March 31, 2025

 
      

Less than 12 Months

  

Over 12 Months

  

Total

 
  

Number of

  

Unrealized

  

Fair

  

Unrealized

  

Fair

  

Unrealized

  

Fair

 

(dollars in thousands)

 

Holdings

  

Losses

  

Value

  

Losses

  

Value

  

Losses

  

Value

 

Available-for-sale

                            

U.S. Treasury and agencies

  2  $(1) $351  $(1) $308  $(2) $659 

Mortgage backed securities

                            

Residential agency

  117   (262)  56,036   (80,056)  387,207   (80,318)  443,243 

Commercial

  1         (69)  1,274   (69)  1,274 

Asset backed securities

  3            18      18 

Corporate bonds

  12         (3,924)  54,060   (3,924)  54,060 

Total available-for-sale investment securities

  135  $(263) $56,387  $(84,050) $442,867  $(84,313) $499,254 
      

December 31, 2024

 
      

Less than 12 Months

  

Over 12 Months

  

Total

 
  

Number of

  

Unrealized

  

Fair

  

Unrealized

  

Fair

  

Unrealized

  

Fair

 

(dollars in thousands)

 

Holdings

  

Losses

  

Value

  

Losses

  

Value

  

Losses

  

Value

 

Available-for-sale

                            

U.S. Treasury and agencies

  1  $  $  $(2) $327  $(2) $327 

Mortgage backed securities

                            

Residential agency

  124   (1,715)  116,800   (91,090)  386,864   (92,805)  503,664 

Commercial

  1         (99)  1,251   (99)  1,251 

Asset backed securities

  3            18      18 

Corporate bonds

  12         (5,616)  52,370   (5,616)  52,370 

Total available-for-sale investment securities

  141  $(1,715) $116,800  $(96,807) $440,830  $(98,522) $557,630 
Investments Classified by Contractual Maturity Date [Table Text Block]
  

Held-to-maturity

  

Available-for-sale

 
  

Carrying

  

Fair

  

Amortized

  

Fair

 

(dollars in thousands)

 

Value

  

Value

  

Cost

  

Value

 

Due within one year or less

 $6,911  $6,808  $4,999  $4,999 

Due after one year through five years

  54,015   50,595   6,667   6,598 

Due after five years through ten years

  47,247   41,740   58,002   54,077 

Due after 10 years

  7,463   6,552   353   354 
   115,636   105,695   70,021   66,028 

Mortgage-backed securities

                

Residential agency

  153,124   128,880   581,983   501,700 

Total investment securities

 $268,760  $234,575  $652,004  $567,728 
Investment [Table Text Block]
  

March 31,

  

December 31,

 

(dollars in thousands)

 

2025

  

2024

 

Federal Reserve

 $8,331  $7,519 

FHLB

  12,871   13,656