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Note 3 - Securities (Tables)
12 Months Ended
Dec. 31, 2022
Notes Tables  
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block]
  

December 31, 2022

 
      

Gross

  

Gross

     
      

Unrealized

  

Unrealized

     
  

Amortized

  

Holding

  

Holding

  

Fair

 

(in thousands)

 

Cost

  

Gains

  

Losses

  

Value

 

Available-for-sale debt securities:

                

U.S. Treasury

 $36,801  $-  $4,667  $32,134 

Obligations of state and political subdivisions

  250,244   90   29,552   220,782 

U.S. government/government-sponsored agencies:

                

Collateralized mortgage obligations - residential

  93,577   -   13,170   80,407 

Collateralized mortgage obligations - commercial

  3,649   -   320   3,329 

Mortgage-backed securities

  23,332   1   2,670   20,663 

Private collateralized mortgage obligations

  80,648   -   8,141   72,507 

Corporate debt securities

  33,630   -   2,958   30,672 

Asset-backed securities

  15,287   5   351   14,941 

Negotiable certificates of deposit

  744   -   88   656 

Total available-for-sale debt securities

 $537,912  $96  $61,917  $476,091 
  

December 31, 2021

 
      

Gross

  

Gross

     
      

Unrealized

  

Unrealized

     
  

Amortized

  

Holding

  

Holding

  

Fair

 

(in thousands)

 

Cost

  

Gains

  

Losses

  

Value

 

Available-for-sale debt securities:

                

U.S. Treasury

 $36,751  $1  $397  $36,355 

Obligations of state and political subdivisions

  235,489   9,651   768   244,372 

U.S. government/government-sponsored agencies:

                

Collateralized mortgage obligations - residential

  101,321   1,158   1,769   100,710 

Collateralized mortgage obligations - commercial

  3,685   87   45   3,727 

Mortgage-backed securities

  25,467   263   224   25,506 

Private collateralized mortgage obligations

  68,137   60   1,032   67,165 

Corporate debt securities

  31,300   940   177   32,063 

Asset-backed securities

  11,907   42   17   11,932 

Negotiable certificates of deposit

  744   -   8   736 

Total available-for-sale debt securities

 $514,801  $12,202  $4,437  $522,566 
Investments Classified by Contractual Maturity Date [Table Text Block]
  

December 31, 2022

 
  

Amortized

  

Fair

 

(in thousands)

 

Cost

  

Value

 

Available -for-sale debt securities:

        

Amounts maturing in:

        

One year or less

 $17,709  $17,535 

After one year through five years

  65,344   61,839 

After five years through ten years

  112,971   97,101 

After ten years

  125,395   107,769 

Collateralized mortgage obligations

  177,874   156,243 

Mortgage-backed securities

  23,332   20,663 

Asset-backed securities

  15,287   14,941 

Total

 $537,912  $476,091 
Gain (Loss) on Securities [Table Text Block]
  

Year Ended December 31,

 

(in thousands)

 

2022

  

2021

 

Available-for-sale debt securities:

        

Gross proceeds received on sales

 $14,004  $2,981 

Gross proceeds received on redemption

  -   1,000 

Gross realized gains on sales

  78   213 

Gross realized losses on sales

  (301)  - 
  

Year Ended December 31,

 

(in thousands)

 

2022

  

2021

 

Net (loss) gain recognized on equity securities

 $(34) $701 

Less: net gains recognized on equity securities sold/acquired

  118   - 

Unrealized (loss) gain recognized on equity securities

 $(152) $701 
Schedule of Unrealized Loss on Investments [Table Text Block]
  

December 31, 2022

 
  

Less than 12 Months

  

12 Months or Longer

  

Total

 
  

Number

      

Gross

  

Number

      

Gross

  

Number

      

Gross

 
  

of

  

Fair

  

Unrealized

  

of

  

Fair

  

Unrealized

  

of

  

Fair

  

Unrealized

 

(dollars in thousands)

 

Securities

  

Value

  

Losses

  

Securities

  

Value

  

Losses

  

Securities

  

Value

  

Losses

 

U.S. Treasuries

  -  $-  $-   17  $32,134  $4,667   17  $32,134  $4,667 

Obligations of state and political subdivisions

  128   146,932   12,751   94   69,872   16,801   222   216,804   29,552 

U.S. government/government-sponsored agencies:

                                    

Collateralized mortgage obligations - residential

  16   26,826   3,407   26   53,581   9,763   42   80,407   13,170 

Collateralized mortgage obligations - commercial

  2   1,911   94   1   1,418   226   3   3,329   320 

Mortgage-backed securities

  7   8,569   219   7   11,998   2,451   14   20,567   2,670 

Private collateralized mortgage obligations

  29   27,705   1,213   28   42,819   6,928   57   70,524   8,141 

Corporate debt securities

  18   21,325   1,805   11   9,347   1,153   29   30,672   2,958 

Asset-backed securities

  5   7,295   179   5   3,988   172   10   11,283   351 

Negotiable certificates of deposit

  -   -   -   3   656   88   3   656   88 

Total

  205  $240,563  $19,668   192  $225,813  $42,249   397  $466,376  $61,917 
  

December 31, 2021

 
  

Less than 12 Months

  

12 Months or Longer

  

Total

 
  

Number

      

Gross

  

Number

      

Gross

  

Number

      

Gross

 
  

of

  

Fair

  

Unrealized

  

of

  

Fair

  

Unrealized

  

of

  

Fair

  

Unrealized

 

(dollars in thousands)

 

Securities

  

Value

  

Losses

  

Securities

  

Value

  

Losses

  

Securities

  

Value

  

Losses

 

U.S. Treasuries

  16  $35,394  $397   -  $-  $-   16  $35,394  $397 

Obligations of state and political subdivisions

  41   36,107   702   2   1,257   66   43   37,364   768 

U.S. government/government-sponsored agencies:

                                    

Collateralized mortgage obligations - residential

  20   58,848   1,530   2   5,713   239   22   64,561   1,769 

Collateralized mortgage obligations - commercial

  1   1,632   45   -   -   -   1   1,632   45 

Mortgage-backed securities

  6   14,585   204   1   1,596   20   7   16,181   224 

Private collateralized mortgage obligations

  22   44,425   897   3   6,213   135   25   50,638   1,032 

Corporate debt securities

  9   7,643   107   2   2,180   70   11   9,823   177 

Asset-backed securities

  4   3,810   14   2   1,293   3   6   5,103   17 

Negotiable certificates of deposit

  3   736   8   -   -   -   3   736   8 

Total

  122  $203,180  $3,904   12  $18,252  $533   134  $221,432  $4,437 
Investment [Table Text Block]
  

December 31,

 

(in thousands)

 

2022

  

2021

 

Stock in Federal Home Loan Bank of Pittsburgh

 $8,535  $1,901 

Stock in Atlantic Community Bankers Bank

  10   10 

Total restricted securities, at cost

 $8,545  $1,911