v3.25.2
Note 3 - Securities (Tables)
6 Months Ended
Jun. 30, 2025
Notes Tables  
Debt Securities, Available-for-Sale [Table Text Block]
      

Gross

  

Gross

     
  

Amortized

  

Unrealized

  

Unrealized

     

(In Thousands of Dollars)

 

Cost

  

Gains

  

Losses

  

Fair Value

 

June 30, 2025

                

U.S. Treasury and U.S. government sponsored entities

 $121,056  $26  $(11,845) $109,237 

State and political subdivisions

  594,437   1,210   (109,647)  486,000 

Corporate bonds

  17,569   210   (504)  17,275 

Mortgage-backed securities

  605,297   394   (96,746)  508,945 

Collateralized mortgage obligations

  157,115   438   (6,384)  151,169 

Small Business Administration

  2,455   0   (182)  2,273 

Totals

 $1,497,929  $2,278  $(225,308) $1,274,899 
      

Gross

  

Gross

     
  

Amortized

  

Unrealized

  

Unrealized

     

(In Thousands of Dollars)

 

Cost

  

Gains

  

Losses

  

Fair Value

 

December 31, 2024

                

U.S. Treasury and U.S. government sponsored entities

 $132,292  $0  $(17,185) $115,107 

State and political subdivisions

  609,950   1,294   (106,364)  504,880 

Corporate bonds

  17,849   172   (573)  17,448 

Mortgage-backed securities

  605,350   34   (112,517)  492,867 

Collateralized mortgage obligations

  142,525   85   (8,834)  133,776 

Small Business Administration

  2,715   0   (240)  2,475 

Totals

 $1,510,681  $1,585  $(245,713) $1,266,553 
Gain (Loss) on Securities [Table Text Block]
  

Three Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

 

(In Thousands of Dollars)

 

2025

  

2024

  

2025

  

2024

 

Proceeds

 $0  $464  $23,901  $44,756 

Gross gains

  0   0   0   17 

Gross losses

  0   (125)  (1,334)  (2,276)
Investments Classified by Contractual Maturity Date [Table Text Block]
  

June 30, 2025

 

(In Thousands of Dollars)

 

Amortized Cost

  

Fair Value

 

Maturity

        

Within one year

 $3,493  $3,485 

One to five years

  56,426   51,968 

Five to ten years

  176,719   161,858 

Beyond ten years

  496,424   395,201 

Mortgage-backed, collateralized mortgage obligations and Small Business Administration securities

  764,867   662,387 

Total

 $1,497,929  $1,274,899 
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value [Table Text Block]
  

Less than 12 Months

  

12 Months or Longer

  

Total

 
  

Fair

  

Unrealized

  

Fair

  

Unrealized

  

Fair

  

Unrealized

 

(In Thousands of Dollars)

 

Value

  

Loss

  

Value

  

Loss

  

Value

  

Loss

 

June 30, 2025

                        
                         

U.S. Treasury and U.S. government sponsored entities

 $1,045  $(13) $107,303  $(11,832) $108,348  $(11,845)

State and political subdivisions

  36,417   (2,310)  412,515   (107,337)  448,932   (109,647)

Corporate bonds

  3,724   (42)  8,415   (462)  12,139   (504)

Mortgage-backed securities

  9,399   (79)  452,400   (96,667)  461,799   (96,746)

Collateralized mortgage obligations

  67,299   (797)  51,047   (5,587)  118,346   (6,384)

Small Business Administration

  0   0   2,273   (182)  2,273   (182)

Total

 $117,884  $(3,241) $1,033,953  $(222,067) $1,151,837  $(225,308)
  

Less than 12 Months

  

12 Months or Longer

  

Total

 
  

Fair

  

Unrealized

  

Fair

  

Unrealized

  

Fair

  

Unrealized

 

(In Thousands of Dollars)

 

Value

  

Loss

  

Value

  

Loss

  

Value

  

Loss

 

December 31, 2024

                        
                         

U.S. Treasury and U.S. government sponsored entities

 $4,592  $(320) $110,515  $(16,865) $115,107  $(17,185)

State and political subdivisions

  66,436   (4,946)  400,911   (101,418)  467,347   (106,364)

Corporate bonds

  4,303   (146)  8,568   (427)  12,871   (573)

Mortgage-backed securities

  30,143   (365)  460,172   (112,152)  490,315   (112,517)

Collateralized mortgage obligations

  65,046   (2,210)  51,405   (6,624)  116,451   (8,834)

Small Business Administration

  0   0   2,475   (240)  2,475   (240)

Total

 $170,520  $(7,987) $1,034,046  $(237,726) $1,204,566  $(245,713)