Note 4 - Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

	Balance at		Fair Value Measurements Using:
Dollars in thousands	December 31, 2023		Level 1		Level 2		Level 3
Debt securities available for sale
U.S. Government sponsored agencies	$	22,825	$	—	$	22,825	$	—
Residential mortgage-backed securities:
Government sponsored agencies		129,567		—		129,567		—
Nongovernment sponsored entities		73,869		—		69,262		4,607
State and political subdivisions		94,929		—		94,929		—
Corporate debt securities		37,907		—		37,907		—
Asset-backed securities		44,205		—		44,205		—
Tax-exempt state and political subdivisions		99,460		—		99,460		—
Total debt securities available for sale	$	502,762	$	—	$	498,155	$	4,607
Equity investments	$	10,958	$	6,557	$	4,401	$	—
Derivative financial assets
Interest rate caps	$	24,314	$	—	$	24,314	$	—
Interest rate swaps		8,831		—		8,831		—

	Balance at		Fair Value Measurements Using:
Dollars in thousands	December 31, 2022		Level 1		Level 2		Level 3
Debt securities available for sale
U.S. Government sponsored agencies	$	20,219	$	—	$	20,219	$	—
Residential mortgage-backed securities:
Government sponsored agencies		51,456		—		51,456		—
Nongovernment sponsored entities		61,617		—		61,617		—
State and political subdivisions		93,067		—		93,067		—
Corporate debt securities		31,628		—		29,788		1,840
Asset-backed securities		19,476		—		19,476		—
Tax-exempt state and political subdivisions		127,738		—		127,738		—
Total debt securities available for sale	$	405,201	$	—	$	403,361	$	1,840
Equity investments	$	29,494	$	25,766	$	3,728	$	—
Derivative financial assets
Interest rate caps	$	30,601	$	—	$	30,601	$	—
Interest rate swaps		9,905		—		9,905		—

Fair Value Measurements, Nonrecurring [Table Text Block]

	Balance at		Fair Value Measurements Using:
Dollars in thousands	December 31, 2023		Level 1		Level 2		Level 3
Collateral-dependent loans with an ACLL
Commercial real estate	$	13,488	$	—	$	13,488	$	—
Construction and development		248		—		248		—
Residential real estate		637		—		637		—
Total collateral-dependent loans with an ACLL	$	14,373	$	—	$	14,373	$	—
Property held for sale
Commercial real estate	$	297	$	—	$	297	$	—
Construction and development		3,176		—		3,176		—
Total property held for sale	$	3,473	$	—	$	3,473	$	—

	Balance at		Fair Value Measurements Using:
Dollars in thousands	December 31, 2022		Level 1		Level 2		Level 3
Collateral-dependent loans with an ACLL
Commercial real estate	$	3,051	$	—	$	3,051	$	—
Construction and development		350		—		350		—
Residential real estate		182		—		182		—
Total collateral-dependent loans with an ACLL	$	3,583	$	—	$	3,583	$	—
Property held for sale
Commercial real estate	$	297	$	—	$	297	$	—
Construction and development		4,480		—		4,480		—
Total property held for sale	$	4,777	$	—	$	4,777	$	—

Fair Value, by Balance Sheet Grouping [Table Text Block]

	At December 31, 2023				Fair Value Measurements Using:
Dollars in thousands	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
Financial assets
Cash and cash equivalents	$	52,232	$	52,232	$	21,834	$	30,398	$	—
Debt securities available for sale		502,762		502,762		—		498,155		4,607
Debt securities held to maturity		94,227		88,319		—		88,319		—
Equity investments		10,958		10,958		6,557		4,401		—
Other investments		21,130		21,130		—		21,130		—
Loans, net		3,633,522		3,467,324		—		14,373		3,452,951
Accrued interest receivable		20,004		20,004		—		20,004		—
Cash surrender value of life insurance policies and annuities		85,679		85,679		—		85,679		—
Derivative financial assets		33,145		33,145		—		33,145		—
	$	4,453,659	$	4,281,553	$	28,391	$	795,604	$	3,457,558
Financial liabilities
Deposits	$	3,715,148	$	3,706,250	$	—	$	3,706,250	$	—
Short-term borrowings		302,957		302,957		—		302,957		—
Long-term borrowings		637		642		—		642		—
Subordinated debentures		103,782		90,902		—		90,902		—
Subordinated debentures owed to unconsolidated subsidiary trusts		19,589		19,589		—		19,589		—
Accrued interest payable		3,980		3,980		—		3,980		—
	$	4,146,093	$	4,124,320	$	—	$	4,124,320	$	—

	At December 31, 2022				Fair Value Measurements Using:
Dollars in thousands	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
Financial assets
Cash and cash equivalents	$	44,717	$	44,717	$	16,469	$	28,248	$	—
Debt securities available for sale		405,201		405,201		—		403,361		1,840
Debt securities held to maturity		96,163		86,627		—		86,627		—
Equity investments		29,494		29,494		25,766		3,728		—
Other investments		16,029		16,029		—		16,029		—
Loans, net		3,043,919		2,966,814		—		3,583		2,963,231
Accrued interest receivable		15,866		15,866		—		15,866		—
Cash surrender value of life insurance policies and annuities		71,640		71,640		—		71,640		—
Derivative financial assets		40,506		40,506		—		40,506		—
	$	3,763,535	$	3,676,894	$	42,235	$	669,588	$	2,965,071
Financial liabilities
Deposits	$	3,169,879	$	3,155,725	$	—	$	3,155,725	$	—
Short-term borrowings		225,999		225,999		—		225,999		—
Long-term borrowings		658		667		—		667		—
Subordinated debentures		103,296		91,801		—		91,801		—
Subordinated debentures owed to unconsolidated subsidiary trusts		19,589		19,589		—		19,589		—
Accrued interest payable		2,357		2,357		—		2,357		—
	$	3,521,778	$	3,496,138	$	—	$	3,496,138	$	—