Note 5 - Derivatives (Tables)

6 Months Ended

Jun. 30, 2026

Line item in the Consolidated Balance Sheets in which the hedged item is included	Carrying Amount of the Hedged Assets		Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets
June 30, 2026
Investment securities ⁽¹⁾	$	57,050	$	2,950
Total	$	57,050	$	2,950

December 31, 2025
Investment securities ⁽¹⁾	$	57,869	$	2,131
Total	$	57,869	$	2,131

	June 30, 2026
			Fair Value
Cash flow and fair value hedges:	Notional		Asset		Liability
Interest rate swaps	$	285,000	$	4,362	$	—
Non-hedging derivatives:
Fallout adjusted interest rate lock commitments with customers		37,869		616		—
Mandatory and best effort forward commitments with investors		12,590		7		—
Forward TBA mortgage-backed securities		45,000		—		39
Interest rate swaps – customer swap positions		627		—		49
Interest rate swaps – dealer offsets to customer swap positions		627		49		—

	December 31, 2025
			Fair Value
Cash flow and fair value hedges:	Notional		Asset		Liability
Interest rate swaps	$	300,000	$	1,894	$	656
Non-hedging derivatives:
Fallout adjusted interest rate lock commitments with customers		25,468		241		—
Mandatory and best effort forward commitments with investors		8,985		8		—
Forward TBA mortgage-backed securities		56,000		—		146
Interest rate swaps – customer swap positions		627		—		36
Interest rate swaps – dealer offsets to customer swap positions		627		36		—

	Three Months Ended June 30,
	2026					2025
	Interest Expense Deposits and Borrowings		Interest Income Securities			Interest Expense Deposits and Borrowings		Interest Income Securities
Total amounts presented on the Consolidated Statements of Income	$	16,105	$	3,460		$	16,105	$	3,665
Net gains (losses) on fair value hedging relationships:
Interest rate swaps – securities
Recognized on hedged items	$	—	$	(557	)	$	—	$	1,548
Recognized on derivatives designated as hedging instruments		—		557			—		(1,548	)
Net interest income recognized on cash flows of derivatives designated as hedging instruments		—		163			—		245
Net income recognized on fair value hedges	$	—	$	163		$	—	$	245
Net gain on cash flow hedging relationships:
Interest rate swaps – brokered deposits and borrowings
Realized gains, pre-tax, reclassified from accumulated other comprehensive loss into net income	$	54	$	—		$	711	$	—
Net income recognized on cash flow hedges	$	54	$	—		$	711	$	—

	Six Months Ended June 30,
	2026				2025
	Interest				Interest
	Expense		Interest		Expense		Interest
	Deposits and		Income		Deposits and		Income
	Borrowings		Securities		Borrowings		Securities
Total amounts presented on the Consolidated Statements of Income	$	32,202	$	6,781	$	31,426	$	7,150
Net gains (losses) on fair value hedging relationships:
Interest rate swaps – securities
Recognized on hedged items	$	—	$	(819)	$	—	$	1,940
Recognized on derivatives designated as hedging instruments		—		819		—		(1,940	)
Net interest income recognized on cash flows of derivatives designated as hedging instruments		—		327		—		542
Net income recognized on fair value hedges	$	—	$	327	$	—	$	542
Net gain on cash flow hedging relationships:
Interest rate swaps – brokered deposits and borrowings
Realized gains, pre-tax, reclassified from accumulated other comprehensive loss into net income	$	127	$	—	$	1,285	$	—
Net income recognized on cash flow hedges	$	127	$	—	$	1,285	$	—

			Gross Amounts		Net Amounts of Assets		Gross Amounts Not Offset
	Gross Amounts		Offset in the		Presented in the		in the Consolidated Balance Sheets
	of Recognized		Consolidated		Consolidated		Financial		Cash Collateral
Offsetting of derivative assets	Assets		Balance Sheets		Balance Sheets		Instruments		Received		Net Amount
At June 30, 2026
Interest rate swaps	$	4,536	$	125	$	4,411	$	—	$	—	$	4,411

At December 31, 2025
Interest rate swaps	$	2,269	$	339	$	1,930	$	—	$	—	$	1,930

					Net Amounts of
			Gross Amounts		Liabilities		Gross Amounts Not Offset
	Gross Amounts		Offset in the		Presented in the		in the Consolidated Balance Sheets
	of Recognized		Consolidated		Consolidated		Financial		Cash Collateral
Offsetting of derivative liabilities	Liabilities		Balance Sheets		Balance Sheets		Instruments		Posted		Net Amount
At June 30, 2026
Interest rate swaps	$	—	$	—	$	—	$	—	$	—	$	—

At December 31, 2025
Interest rate swaps	$	679	$	23	$	656	$	—	$	680	$	—

Tabular disclosure of derivative and other financial assets that are subject to offsetting, including master netting arrangements.

Tabular disclosure of derivative and other financial liabilities that are subject to offsetting, including master netting arrangements.