v3.26.3
Note 9 - Investments (Tables)
9 Months Ended
Sep. 30, 2026
Notes Tables  
Investment [Table Text Block]

 

 

September 30, 2026

 

 

 

Amortized Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Allowance for Credit Losses

 

 

Estimated Fair Value

 

Available-for-sale

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

U.S. government agencies

 

$

24,370

 

 

$

—

 

 

$

(1,692

)

 

$

—

 

 

$

22,678

 

Mortgage-backed securities

 

 

289,270

 

 

 

—

 

 

 

(16,936

)

 

 

—

 

 

 

272,334

 

State and political subdivisions

 

 

59,563

 

 

 

29

 

 

 

(12,081

)

 

 

—

 

 

 

47,511

 

Corporate bonds

 

 

87,379

 

 

 

69

 

 

 

(3,612

)

 

 

—

 

 

 

83,836

 

Collateralized loan obligations

 

 

158,422

 

 

 

190

 

 

 

(74

)

 

 

—

 

 

 

158,538

 

Total available-for-sale securities

 

$

619,004

 

 

$

288

 

 

$

(34,395

)

 

$

—

 

 

$

584,897

 

 

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

Amortized Cost

 

 

Gross Unrecognized Gains

 

 

Gross Unrecognized Losses

 

 

Estimated Fair Value

 

 

Allowance for Credit Losses

 

Held-to-maturity

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

U.S. government agencies

 

$

4,161

 

 

$

—

 

 

$

(638

)

 

$

3,523

 

 

$

—

 

Mortgage-backed securities

 

 

104,151

 

 

 

—

 

 

 

(12,904

)

 

 

91,247

 

 

 

—

 

State and political subdivisions

 

 

169,279

 

 

 

1

 

 

 

(16,555

)

 

 

152,725

 

 

 

(14

)

Total held-to-maturity securities

 

$

277,591

 

 

$

1

 

 

$

(30,097

)

 

$

247,495

 

 

$

(14

)

​

​

December 31, 2025

​

​

​

Amortized
Cost

​

​

Gross
Unrealized
Gains

​

​

Gross
Unrealized
Losses

​

​

Allowance for Credit Losses

​

​

Estimated Fair
Value

​

Available-for-sale

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

U.S. government agencies

​

$

33,000

​

​

$

35

​

​

$

(134

)

​

$

—

​

​

$

32,901

​

Mortgage-backed securities

​

​

259,386

​

​

​

2,491

​

​

​

(2,117

)

​

​

—

​

​

​

259,760

​

State and political subdivisions

​

​

52,610

​

​

​

68

​

​

​

(5,757

)

​

​

—

​

​

​

46,921

​

Corporate bonds

​

​

90,114

​

​

​

293

​

​

​

(3,940

)

​

​

—

​

​

​

86,467

​

Collateralized loan obligations

​

​

198,968

​

​

​

364

​

​

​

(51

)

​

​

—

​

​

​

199,281

​

Total available-for-sale securities

​

$

634,078

​

​

$

3,251

​

​

$

(11,999

)

​

$

—

​

​

$

625,330

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Amortized
Cost

​

​

Gross
Unrecognized
Gains

​

​

Gross
Unrecognized
Losses

​

​

Estimated Fair
Value

​

​

Allowance for Credit Losses

​

Held-to-maturity

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

U.S. government agencies

​

$

4,523

​

​

$

—

​

​

$

(413

)

​

$

4,110

​

​

$

—

​

Mortgage-backed securities

​

​

115,228

​

​

​

20

​

​

​

(7,002

)

​

​

108,246

​

​

​

—

​

State and political subdivisions

​

​

171,075

​

​

​

3,030

​

​

​

—

​

​

​

174,105

​

​

​

(15

)

Total held-to-maturity securities

​

$

290,826

​

​

$

3,050

​

​

$

(7,415

)

​

$

286,461

​

​

$

(15

)

Debt Securities, Held-to-Maturity, Credit Quality Indicator [Table Text Block]

 

 

Held-To-Maturity

 

 

 

September 30, 2026

 

 

December 31, 2025

 

State and political subdivisions

 

 

 

​

 

 

 

​

AAA/Aaa

 

$

60,869

 

 

$

59,367

 

AA/Aa

 

 

105,027

 

 

 

110,255

 

A/A2

 

 

2,435

 

 

 

523

 

Not rated

 

 

948

 

 

 

930

 

Total

 

$

169,279

 

 

$

171,075

 

Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value [Table Text Block]

 

 

 

 

​

 

September 30, 2026

 

 

 

 

 

​

 

Less than twelve months

 

 

Twelve months or more

 

 

Total

 

 

 

Number of Securities

 

 

Gross Unrealized Losses

 

 

Fair Value

 

 

Gross Unrealized Losses

 

 

Fair Value

 

 

Gross Unrealized Losses

 

 

Fair Value

 

Available-for-sale

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

U.S. government agencies

 

 

7

 

 

$

(937

)

 

$

15,933

 

 

$

(755

)

 

$

6,745

 

 

$

(1,692

)

 

$

22,678

 

Mortgage-backed securities

 

 

153

 

 

 

(14,064

)

 

 

240,133

 

 

 

(2,872

)

 

 

23,391

 

 

 

(16,936

)

 

 

263,524

 

State and political subdivisions

 

 

66

 

 

 

(1,990

)

 

 

17,655

 

 

 

(10,091

)

 

 

31,311

 

 

 

(12,081

)

 

 

48,966

 

Corporate bonds

 

 

84

 

 

 

(1,121

)

 

 

33,595

 

 

 

(2,491

)

 

 

40,220

 

 

 

(3,612

)

 

 

73,815

 

Collateralized loan obligations

 

 

9

 

 

 

(62

)

 

 

67,937

 

 

 

(12

)

 

 

9,988

 

 

 

(74

)

 

 

77,925

 

Total available-for-sale

 

 

319

 

 

$

(18,174

)

 

$

375,253

 

 

$

(16,221

)

 

$

111,655

 

 

$

(34,395

)

 

$

486,908

 

 

 

 

​

 

 

​

 

 

​

 

 

​

 

 

​

 

 

​

 

 

​

 

 

 

 

​

 

December 31, 2025

 

 

 

 

 

​

 

Less than twelve months

 

 

Twelve months or more

 

 

Total

 

 

 

Number of Securities

 

 

Gross Unrealized Losses

 

 

Fair Value

 

 

Gross Unrealized Losses

 

 

Fair Value

 

 

Gross Unrealized Losses

 

 

Fair Value

 

Available-for-sale

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

U.S. government agencies

 

 

5

 

 

$

(10

)

 

$

5,990

 

 

$

(124

)

 

$

14,375

 

 

$

(134

)

 

$

20,365

 

Mortgage-backed securities

 

 

72

 

 

 

(755

)

 

 

92,185

 

 

 

(1,362

)

 

 

28,712

 

 

 

(2,117

)

 

 

120,897

 

State and political subdivisions

 

 

51

 

 

 

(14

)

 

 

1,481

 

 

 

(5,743

)

 

 

37,029

 

 

 

(5,757

)

 

 

38,510

 

Corporate bonds

 

 

70

 

 

 

(483

)

 

 

25,381

 

 

 

(3,457

)

 

 

41,993

 

 

 

(3,940

)

 

 

67,374

 

Collateralized loan obligations

 

 

7

 

 

 

(51

)

 

 

59,209

 

 

 

—

 

 

 

—

 

 

 

(51

)

 

 

59,209

 

Total available-for-sale

 

 

205

 

 

$

(1,313

)

 

$

184,246

 

 

$

(10,686

)

 

$

122,109

 

 

$

(11,999

)

 

$

306,355

 

Realized Gain (Loss) on Investments [Table Text Block]

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Proceeds from sales, calls and maturities of securities available for sale

 

$

4,450

 

 

$

22,490

 

 

$

27,714

 

 

$

33,490

 

Gross gains on sales, calls and maturities of securities available for sale

 

 

—

 

 

 

—

 

 

 

—

 

 

 

124

 

Gross losses on sales, calls and maturities of securities available for sale

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Net gain (loss) on sale of securities available for sale

 

$

—

 

 

$

—

 

 

$

—

 

 

$

124

 

Investments Classified by Contractual Maturity Date [Table Text Block]

 

 

September 30, 2026

 

 

 

Available-for-Sale

 

 

Held-to-Maturity

 

 

 

Amortized Cost

 

 

Fair Value

 

 

Amortized Cost

 

 

Fair Value

 

Maturing within one year

 

$

440

 

 

$

440

 

 

$

-

 

 

$

-

 

Maturing after one year through five years

 

 

12,786

 

 

 

12,500

 

 

 

7,490

 

 

 

7,154

 

Maturing after five years through ten years

 

 

92,440

 

 

 

87,651

 

 

 

16,231

 

 

 

14,510

 

Maturing after ten years

 

 

65,646

 

 

 

53,434

 

 

 

149,719

 

 

 

134,584

 

Securities not due at a single maturity date:

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Mortgage-backed securities

 

 

289,270

 

 

 

272,334

 

 

 

104,151

 

 

 

91,247

 

Collateralized loan obligations

 

 

158,422

 

 

 

158,538

 

 

 

—

 

 

 

—

 

Total

 

$

619,004

 

 

$

584,897

 

 

$

277,591

 

 

$

247,495

 

​

​

December 31, 2025

​

​

​

Available-for-Sale

​

​

Held-to-Maturity

​

​

​

Amortized Cost

​

​

Fair Value

​

​

Amortized Cost

​

​

Fair Value

​

Maturing within one year

​

$

10,285

​

​

$

10,320

​

​

$

824

​

​

$

825

​

Maturing after one year through five years

​

​

19,667

​

​

​

19,907

​

​

​

5,014

​

​

​

4,902

​

Maturing after five years through ten years

​

​

82,725

​

​

​

78,553

​

​

​

17,806

​

​

​

17,020

​

Maturing after ten years

​

​

63,047

​

​

​

57,509

​

​

​

151,954

​

​

​

155,468

​

Securities not due at a single maturity date:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Mortgage-backed securities

​

​

259,386

​

​

​

259,760

​

​

​

115,228

​

​

​

108,246

​

Collateralized loan obligations

​

​

198,968

​

​

​

199,281

​

​

​

—

​

​

​

—

​

Total

​

$

634,078

​

​

$

625,330

​

​

$

290,826

​

​

$

286,461

​