v3.26.3
Note 8 - Fair Value Disclosures and Reporting and Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2026
Notes Tables  
Fair Value, by Balance Sheet Grouping [Table Text Block]

 

 

September 30, 2026

 

 

 

 

 

​

 

Fair Value Measurements

 

 

 

Carrying Amount

 

 

Quoted Prices in Active Markets for Identical Assets (Level 1)

 

 

Significant Observable Inputs (Level 2)

 

 

Significant Unobservable Inputs (Level 3)

 

 

Total

 

Financial assets:

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Cash and cash equivalents

 

$

138,307

 

 

$

138,307

 

 

$

—

 

 

$

—

 

 

$

138,307

 

Securities available-for-sale

 

$

584,897

 

 

$

—

 

 

$

583,474

 

 

$

1,423

 

 

$

584,897

 

Securities held-to-maturity, net

 

$

277,577

 

 

$

—

 

 

$

247,495

 

 

$

—

 

 

$

247,495

 

Loans held for investment, net

 

$

2,406,861

 

 

$

—

 

 

$

—

 

 

$

2,293,087

 

 

$

2,293,087

 

 

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Financial liabilities:

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Deposits

 

$

2,984,741

 

 

$

1,055,117

 

 

$

1,927,297

 

 

$

—

 

 

$

2,982,414

 

Repurchase agreements

 

$

113,088

 

 

$

—

 

 

$

86,533

 

 

$

—

 

 

$

86,533

 

Other borrowings

 

$

52,000

 

 

$

—

 

 

$

51,403

 

 

$

—

 

 

$

51,403

 

Long-term debt, net

 

$

49,551

 

 

$

—

 

 

$

49,131

 

 

$

—

 

 

$

49,131

 

Subordinated debentures

 

$

36,151

 

 

$

—

 

 

$

35,050

 

 

$

—

 

 

$

35,050

 

​

​

December 31, 2025

​

​

​

​

​

​

​

Fair Value Measurements

​

​

​

Carrying
Amount

​

​

Quoted Prices in
Active Markets for
Identical Assets
(Level 1)

​

​

Significant
Observable
Inputs
(Level 2)

​

​

Significant
Unobservable
Inputs
(Level 3)

​

​

Total

​

Financial assets:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Cash and cash equivalents

​

$

135,628

​

​

$

135,628

​

​

$

—

​

​

$

—

​

​

$

135,628

​

Securities available-for-sale

​

$

625,330

​

​

$

—

​

​

$

624,017

​

​

$

1,313

​

​

$

625,330

​

Securities held-to-maturity, net

​

$

290,811

​

​

$

—

​

​

$

286,461

​

​

$

—

​

​

$

286,461

​

Loans held for investment, net

​

$

2,525,365

​

​

$

—

​

​

$

—

​

​

$

2,428,691

​

​

$

2,428,691

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Financial liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Deposits

​

$

2,876,436

​

​

$

995,623

​

​

$

1,992,616

​

​

$

—

​

​

$

2,988,239

​

Repurchase agreements

​

$

130,853

​

​

$

—

​

​

$

107,084

​

​

$

—

​

​

$

107,084

​

Other borrowings

​

$

302,700

​

​

$

—

​

​

$

302,629

​

​

$

—

​

​

$

302,629

​

Long-term debt, net

​

$

49,483

​

​

$

—

​

​

$

49,472

​

​

$

—

​

​

$

49,472

​

Subordinated debentures

​

$

36,017

​

​

$

—

​

​

$

36,276

​

​

$

—

​

​

$

36,276

​

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

 

 

Fair Value Measurements at September 30, 2026, using

 

 

 

 

​

 

 

Quoted Prices in Active Markets for Identical Assets (Level 1)

 

 

Significant Observable Inputs (Level 2)

 

 

Significant Unobservable Inputs (Level 3)

 

 

Total

 

 

Realized Gain/(Loss) (Level 3)

 

Securities:

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

U.S. government agencies

 

$

—

 

 

$

22,678

 

 

$

—

 

 

$

22,678

 

 

$

—

 

Mortgage-backed securities

 

 

—

 

 

 

272,334

 

 

 

—

 

 

 

272,334

 

 

 

—

 

State and political subdivisions

 

 

—

 

 

 

47,511

 

 

 

—

 

 

 

47,511

 

 

 

—

 

Corporate bonds

 

 

—

 

 

 

82,413

 

 

 

1,423

 

 

 

83,836

 

 

 

—

 

Collateralized loan obligations

 

 

—

 

 

 

158,538

 

 

 

—

 

 

 

158,538

 

 

 

—

 

Total available-for-sale securities

 

$

—

 

 

$

583,474

 

 

$

1,423

 

 

$

584,897

 

 

$

—

 

 

 

Fair Value Measurements at December 31, 2025, using

 

 

 

 

​

 

 

Quoted Prices in Active Markets for Identical Assets (Level 1)

 

 

Significant Observable Inputs (Level 2)

 

 

Significant Unobservable Inputs (Level 3)

 

 

Total

 

 

Realized Gain/(Loss) (Level 3)

 

Securities:

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

U.S. government agencies

 

$

—

 

 

$

32,901

 

 

$

—

 

 

$

32,901

 

 

$

—

 

Mortgage-backed securities

 

 

—

 

 

 

259,760

 

 

 

—

 

 

 

259,760

 

 

 

—

 

State and political subdivisions

 

 

—

 

 

 

46,921

 

 

 

—

 

 

 

46,921

 

 

 

—

 

Corporate bonds

 

 

—

 

 

 

85,154

 

 

 

1,313

 

 

 

86,467

 

 

 

—

 

Collateralized loan obligations

 

 

—

 

 

 

199,281

 

 

 

—

 

 

 

199,281

 

 

 

—

 

Total available-for-sale securities

 

$

—

 

 

$

624,017

 

 

$

1,313

 

 

$

625,330

 

 

$

—

 

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

 

 

 

 

​

 

 

 

 

Range

 

 

 

Fair

 

Valuation

 

Unobservable

 

 

​

 

 

​

 

Weighted

 

September 30, 2026

 

Value

 

Technique(s)

 

Input(s)

 

Min

 

 

Max

 

 

Average

 

Corporate Bonds

 

$

1,423

 

Broker estimate

 

Discount rate

 

N/A

 

 

N/A

 

 

N/A

 

 

 

 

 

​

 

 

 

 

Range

 

 

 

Fair

 

Valuation

 

Unobservable

 

 

​

 

 

​

 

Weighted

 

December 31, 2025

 

Value

 

Technique(s)

 

Input(s)

 

Min

 

 

Max

 

 

Average

 

Corporate Bonds

 

$

1,313

 

Broker estimate

 

Discount rate

 

N/A

 

 

N/A

 

 

N/A

 

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

Fair Value Measurements - Level 3 Recurring

 

 

 

​

 

 

 

​

(dollars in thousands, unaudited)

 

 

 

​

 

 

 

​

 

 

Corporate Bonds

 

 

 

2026

 

 

2025

 

Balance of recurring Level 3 assets at January 1,

 

$

1,313

 

 

$

55,653

 

Total gains or losses for the period:

 

 

 

​

 

 

 

​

Included in other comprehensive income

 

 

110

 

 

 

132

 

Purchases

 

 

—

 

 

 

—

 

Transfers out of Level 3

 

 

—

 

 

 

(54,553

)

Balance of recurring Level 3 assets at September 30,

 

$

1,423

 

 

$

1,232

 

Fair Value Measurements, Nonrecurring [Table Text Block]

 

 

Fair Value Measurements at December 31, 2025, using

 

 

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

Quoted Prices in Active Markets for Identical Assets (Level 1)

 

 

Significant Observable Inputs (Level 2)

 

 

Significant Unobservable Inputs (Level 3)

 

 

Total

 

Individually evaluated collateral dependent loans

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Real estate:

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Farmland

 

$

—

 

 

$

—

 

 

$

1,699

 

 

$

1,699

 

Total real estate

 

 

—

 

 

 

—

 

 

 

1,699

 

 

 

1,699

 

Other commercial

 

 

—

 

 

 

—

 

 

 

1,183

 

 

 

1,183

 

Total collateral dependent loans

 

 

—

 

 

 

—

 

 

 

2,882

 

 

 

2,882

 

Foreclosed assets

 

 

—

 

 

 

—

 

 

 

1,565

 

 

 

1,565

 

Total assets measured on a nonrecurring basis

 

$

​

 

$

​

 

$

4,447

 

 

$

4,447