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Note 3 - Securities (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Debt Securities, Available-for-Sale [Table Text Block]

December 31, 2024

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Fair
Value

 

U.S. government agencies and corporations

 

$

351,136

 

 

$

-

 

 

$

40,012

 

 

$

311,124

 

States and political subdivisions

 

 

178,106

 

 

 

-

 

 

 

32,372

 

 

 

145,734

 

Mortgage-backed securities

 

 

143,747

 

 

 

24

 

 

 

5,473

 

 

 

138,298

 

Corporate debt securities

 

 

6,507

 

 

 

-

 

 

 

764

 

 

 

5,743

 

U.S. treasury

 

 

1,000

 

 

 

-

 

 

 

1

 

 

 

999

 

Total securities available for sale

 

$

680,496

 

 

$

24

 

 

$

78,622

 

 

$

601,898

 

 

December 31, 2023

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Fair
Value

 

U.S. government agencies and corporations

 

$

353,904

 

 

$

-

 

 

$

42,060

 

 

$

311,844

 

States and political subdivisions

 

 

179,507

 

 

 

-

 

 

 

29,614

 

 

 

149,893

 

Mortgage-backed securities

 

 

156,875

 

 

 

-

 

 

 

6,724

 

 

 

150,151

 

Corporate debt securities

 

 

6,504

 

 

 

-

 

 

 

754

 

 

 

5,750

 

U.S. treasury

 

 

996

 

 

 

-

 

 

 

33

 

 

 

963

 

Total securities available for sale

 

$

697,786

 

 

$

-

 

 

$

79,185

 

 

$

618,601

 

Investments Classified by Contractual Maturity Date [Table Text Block]

 

December 31, 2024

 

 

Amortized Cost

 

 

Fair Value

 

Available for Sale:

 

 

 

 

 

 

Due in one year or less

 

$

33,945

 

 

$

33,681

 

Due after one year through five years

 

 

222,409

 

 

 

206,893

 

Due after five years through ten years

 

 

234,024

 

 

 

195,039

 

Due after ten years

 

 

190,118

 

 

 

166,285

 

Total securities available for sale

 

$

680,496

 

 

$

601,898

 

Gain (Loss) on Securities [Table Text Block]

December 31, 2024

 

Less Than 12 Months

 

 

12 Months or More

 

 

Fair
Value

 

 

Gross
Unrealized
Losses

 

 

Fair
Value

 

 

Gross
Unrealized
Losses

 

U.S. government agencies and corporations

 

$

-

 

 

$

-

 

 

$

311,124

 

 

$

40,012

 

State and political subdivisions

 

 

885

 

 

 

118

 

 

 

144,849

 

 

 

32,254

 

Mortgage-backed securities

 

 

5,336

 

 

 

28

 

 

 

115,011

 

 

 

5,445

 

Corporate debt securities

 

 

-

 

 

 

-

 

 

 

5,743

 

 

 

764

 

U.S. treasury

 

 

-

 

 

 

-

 

 

 

999

 

 

 

1

 

Total temporarily impaired securities

 

$

6,221

 

 

$

146

 

 

$

577,726

 

 

$

78,476

 

 

December 31, 2023

 

Less Than 12 Months

 

 

12 Months or More

 

 

Fair
Value

 

 

Gross
Unrealized
Losses

 

 

Fair
Value

 

 

Gross
Unrealized
Losses

 

U.S. government agencies and corporations

 

$

-

 

 

$

-

 

 

$

311,844

 

 

$

42,060

 

State and political subdivisions

 

 

884

 

 

 

1

 

 

 

148,763

 

 

 

29,613

 

Mortgage-backed securities

 

 

1,616

 

 

 

26

 

 

 

147,922

 

 

 

6,698

 

Corporate debt securities

 

 

-

 

 

 

-

 

 

 

5,750

 

 

 

754

 

U.S. treasury

 

 

-

 

 

 

-

 

 

 

963

 

 

 

33

 

Total temporarily impaired securities

 

$

2,500

 

 

$

27

 

 

$

615,242

 

 

$

79,158

 

Schedule of Realized Gain (Loss) on Called Securities [Table Text Block]

 

Sale of Available for Sale Securities

 

For the Year Ended December 31,

 

Proceeds

 

 

Book Value

 

 

Gross Gain

 

 

Gross Loss

 

 

Net Loss

 

2024

 

$

9,279

 

 

$

9,279

 

 

$

-

 

 

$

-

 

 

$

-

 

2023

 

 

43,518

 

 

 

46,850

 

 

 

137

 

 

 

3,469

 

 

 

3,332