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