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Note 14 - Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Schedule of Interest Rate Derivatives [Table Text Block]
  

December 31, 2023

 
      

Derivative Fair Value

  

Net Ineffective

 

Dollars in thousands

 

Notional Amount

  

Asset

  

Liability

  

Hedge Gains/(Losses)

 

CASH FLOW HEDGES

                

Pay-fixed/receive-variable interest rate swaps hedging:

                

Short term borrowings

 $120,000  $1,059  $375  $ 
                 

Interest rate caps hedging :

                

Short term borrowings

 $100,000  $17,578  $  $ 

Indexed interest bearing demand deposit accounts

  100,000   6,736       
                 

FAIR VALUE HEDGES

                

Pay-fixed/receive-variable interest rate swaps hedging:

                

Commercial real estate loans

 $16,175  $583  $  $ 

Available for sale taxable municipal securities

  71,245   7,564      1 
                 

Total

 $407,420  $33,520  $375  $1 
  

December 31, 2022

 
      

Derivative Fair Value

  

Net Ineffective

 

Dollars in thousands

 

Notional Amount

  

Asset

  

Liability

  

Hedge Gains/(Losses)

 

CASH FLOW HEDGES

                

Pay-fixed/receive-variable interest rate swaps hedging:

                

Short term borrowings

 $40,000  $1,871  $  $ 
                 

Interest rate caps hedging:

                

Short term borrowings

 $100,000  $20,554  $  $ 

Indexed interest bearing demand deposit accounts

  100,000   10,047       
                 

FAIR VALUE HEDGES

                

Pay-fixed/receive-variable interest rate swaps hedging:

                

Commercial real estate loans

 $16,876  $911  $  $ 

Available for sale taxable municipal securities

  71,245   7,123      (12)
                 

Total

 $328,121  $40,506  $  $(12)