v3.26.1
Note 22 - Fair Value of Assets and Liabilities (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
  

June 30, 2026

 

(dollars in thousands)

 

Level 1

  

Level 2

  

Level 3

  

Total

 

Trading

 $501  $  $  $501 

Available-for-sale

                

U.S. treasury and government agencies

     13,234      13,234 

Mortgage backed securities

                

Residential agency

     479,653      479,653 

Commercial

            

Asset backed securities

     14      14 

Corporate bonds

     41,290      41,290 

Total available-for-sale investment securities

 $  $534,191  $  $534,191 

Servicing rights (1)

 $  $  $7,022  $7,022 

Other assets

                

Derivatives

 $  $8,462  $  $8,462 

Other liabilities

                

Derivatives

 $  $7,154  $  $7,154 
  

December 31, 2025

 

(dollars in thousands)

 

Level 1

  

Level 2

  

Level 3

  

Total

 

Trading

 $1,758  $  $  $1,758 

Available-for-sale

                

U.S. treasury and government agencies

     405      405 

Mortgage backed securities

                

Residential agency

     476,746      476,746 

Asset backed securities

     15      15 

Corporate bonds

     36,929      36,929 

Total available-for-sale investment securities

 $  $514,095  $  $514,095 

Servicing rights (1)

 $  $  $6,383  $6,383 

Other assets

                

Derivatives

 $  $10,958  $  $10,958 

Other liabilities

                

Derivatives

 $  $10,682  $  $10,682 
Fair Value Measurements, Nonrecurring [Table Text Block]
  

June 30, 2026

 

(dollars in thousands)

 

Level 1

  

Level 2

  

Level 3

  

Total

 

Collateral dependent loans

        1,364   1,364 

Foreclosed assets

        9,571   9,571 
  

December 31, 2025

 

(dollars in thousands)

 

Level 1

  

Level 2

  

Level 3

  

Total

 

Collateral dependent loans

 $  $  $33,484  $33,484 

Foreclosed assets

        308   308 
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]
    

June 30, 2026

 

(dollars in thousands)

           

Weighted

 

Asset Type

Valuation Technique

Unobservable Input

 

Fair Value

  

Range

  

Average

 

Collateral dependent loans

Appraisal value

Property specific adjustment

  1,364   19.0%  19.0%

Foreclosed assets

Appraisal value

Property specific adjustment

  9,571   10.0%  10.0%

Servicing rights

Discounted cash flows

Prepayment speed assumptions

  7,022   99 - 332   161 
  

Discount rate

      10.3%  10.3%
    

December 31, 2025

 

(dollars in thousands)

           

Weighted

 

Asset Type

Valuation Technique

Unobservable Input

 

Fair Value

  

Range

  

Average

 

Collateral dependent loans

Appraisal value

Property specific adjustment

 $33,484   10 - 35%  30.7%

Foreclosed assets

Appraisal value

Property specific adjustment (1)

  308   10.0%  10.0%

Servicing rights

Discounted cash flows

Prepayment speed assumptions

  6,383   130 - 730   239 
  

Discount rate

      10.0%  10.0%
Fair Value, by Balance Sheet Grouping [Table Text Block]
  

June 30, 2026

 
  

Carrying

  

Estimated Fair Value

 

(dollars in thousands)

 

Amount

  

Level 1

  

Level 2

  

Level 3

  

Total

 

Financial Assets

                    

Cash and cash equivalents

 $109,012  $109,012  $  $  $109,012 

Investment securities held-to-maturity

  242,516      215,234      215,234 

Loans, net

  3,985,883         3,870,241   3,870,241 

Accrued interest receivable

  20,213      20,213      20,213 

Bank-owned life insurance

  41,894      41,894      41,894 

Servicing rights

  7,022         7,022   7,022 

Financial Liabilities

                    

Noninterest-bearing deposits

 $759,640  $  $759,640  $  $759,640 

Interest-bearing deposits

  2,856,029      2,856,029      2,856,029 

Time deposits

  576,228      578,419      578,419 

Short-term borrowings

  345,000      345,000      345,000 

Long-term debt

  59,239      62,725      62,725 

Accrued interest payable

  7,461      7,461      7,461 
  

December 31, 2025

 
  

Carrying

  

Estimated Fair Value

 

(dollars in thousands)

 

Amount

  

Level 1

  

Level 2

  

Level 3

  

Total

 

Financial Assets

                    

Cash and cash equivalents

 $67,192  $67,192  $  $  $67,192 

Investment securities held-to-maturity

  254,448      228,009      228,009 

Loans, net

  3,986,107         3,956,517   3,956,517 

Accrued interest receivable

  21,742      21,742      21,742 

Bank-owned life insurance

  39,307      39,307      39,307 

Servicing rights

  6,383         6,383   6,383 

Financial Liabilities

                    

Noninterest-bearing deposits

 $807,896  $  $807,896  $  $807,896 

Interest-bearing deposits

  2,807,565      2,807,565      2,807,565 

Time deposits

  576,542      580,473      580,473 

Short-term borrowings

  308,800      308,800      308,800 

Long-term debt

  59,182      59,911      59,911 

Accrued interest payable

  8,124      8,124      8,124