v3.26.3
Note 3 - Securities (Tables)
9 Months Ended
Sep. 30, 2026
Notes Tables  
Debt Securities, Available-for-Sale [Table Text Block]

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

 

 

 

(In Thousands of Dollars)

 

Cost

 

 

Gains

 

 

Losses

 

 

Fair Value

 

September 30, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$4,392

 

 

$0

 

 

$(467

)

 

$3,925

 

State and political subdivisions

 

 

714,400

 

 

 

45

 

 

 

(142,150

)

 

 

572,295

 

Corporate bonds

 

 

25,914

 

 

 

76

 

 

 

(587

)

 

 

25,403

 

Mortgage-backed securities

 

 

680,844

 

 

 

5

 

 

 

(115,404

)

 

 

565,445

 

Collateralized mortgage obligations

 

 

253,065

 

 

 

10

 

 

 

(18,223

)

 

 

234,852

 

Small Business Administration

 

 

1,775

 

 

 

0

 

 

 

(164

)

 

 

1,611

 

Totals

 

$1,680,390

 

 

$136

 

 

$(276,995

)

 

$1,403,531

 

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

 

 

 

(In Thousands of Dollars)

 

Cost

 

 

Gains

 

 

Losses

 

 

Fair Value

 

December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$104,737

 

 

$45

 

 

$(9,487)

 

$95,295

 

State and political subdivisions

 

 

589,236

 

 

 

2,632

 

 

 

(88,171)

 

 

503,697

 

Corporate bonds

 

 

13,171

 

 

 

163

 

 

 

(289)

 

 

13,045

 

Mortgage-backed securities

 

 

629,376

 

 

 

731

 

 

 

(82,973)

 

 

547,134

 

Collateralized mortgage obligations

 

 

186,494

 

 

 

1,461

 

 

 

(5,739)

 

 

182,216

 

Small Business Administration

 

 

2,210

 

 

 

0

 

 

 

(140)

 

 

2,070

 

Totals

 

$1,525,224

 

 

$5,032

 

 

$(186,799)

 

$1,343,457

 

Gain (Loss) on Securities [Table Text Block]

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

(In Thousands of Dollars)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Proceeds

 

$90,546

 

 

$28,750

 

 

$90,546

 

 

$52,651

 

Gross gains

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

Gross losses

 

 

(10,291

)

 

 

(960

)

 

 

(10,291

)

 

 

(2,294)
Investments Classified by Contractual Maturity Date [Table Text Block]

 

 

September 30, 2026

 

(In Thousands of Dollars)

 

Amortized Cost

 

 

Fair Value

 

Maturity

 

 

 

 

 

 

 

 

Within one year

 

$2,419

 

 

$2,432

 

One to five years

 

 

41,768

 

 

 

40,033

 

Five to ten years

 

 

157,409

 

 

 

137,549

 

Beyond ten years

 

 

543,110

 

 

 

421,609

 

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

 

 

935,684

 

 

 

801,908

 

Total

 

$1,680,390

 

 

$1,403,531

 

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

 

September 30, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$1,952

 

 

$(115

)

 

$1,973

 

 

$(352

)

 

$3,925

 

 

$(467

)

State and political subdivisions

 

 

198,399

 

 

 

(21,431

)

 

 

367,200

 

 

 

(120,719

)

 

 

565,599

 

 

 

(142,150

)

Corporate bonds

 

 

16,184

 

 

 

(389

)

 

 

5,411

 

 

 

(198

)

 

 

21,595

 

 

 

(587

)

Mortgage-backed securities

 

 

188,976

 

 

 

(13,280

)

 

 

375,136

 

 

 

(102,124

)

 

 

564,112

 

 

 

(115,404

)

Collateralized mortgage obligations

 

 

164,245

 

 

 

(11,226

)

 

 

69,549

 

 

 

(6,997

)

 

 

233,794

 

 

 

(18,223

)

Small Business Administration

 

 

0

 

 

 

0

 

 

 

1,611

 

 

 

(164

)

 

 

1,611

 

 

 

(164

)

Total

 

$569,756

 

 

$(46,441

)

 

$820,880

 

 

$(230,554

)

 

$1,390,636

 

 

$(276,995

)

 

 

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, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$100

 

 

$0

 

 

$93,211

 

 

$(9,487)

 

$93,311

 

 

$(9,487)

State and political subdivisions

 

 

6,302

 

 

 

(1,360)

 

 

432,053

 

 

 

(86,811)

 

 

438,355

 

 

 

(88,171)

Corporate bonds

 

 

2,962

 

 

 

(44)

 

 

6,293

 

 

 

(245)

 

 

9,255

 

 

 

(289)

Mortgage-backed securities

 

 

48,965

 

 

 

(313)

 

 

437,859

 

 

 

(82,660)

 

 

486,824

 

 

 

(82,973)

Collateralized mortgage obligations

 

 

50,887

 

 

 

(621)

 

 

69,006

 

 

 

(5,118)

 

 

119,893

 

 

 

(5,739)

Small Business Administration

 

 

0

 

 

 

0

 

 

 

2,070

 

 

 

(140)

 

 

2,070

 

 

 

(140)

Total

 

$109,216

 

 

$(2,338)

 

$1,040,492

 

 

$(184,461)

 

$1,149,708

 

 

$(186,799)