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Note 2 - Investments, Available for Sale (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block]
  

December 31, 2024

 

(Dollars in thousands)

 

Amortized Cost

  

Gross Unrealized Gains

  

Gross Unrealized Losses

  

Fair value

 

Student Loan Pools

 $39,670  $117  $(203) $39,584 

Small Business Administration (“SBA”) Bonds

  66,491   337   (2,402)  64,426 

Tax Exempt Municipal Bonds

  6,746      (688)  6,058 

Taxable Municipal Bonds

  64,530      (11,970)  52,560 

Mortgage-Backed Securities ("MBS")

  389,592   346   (26,943)  362,995 

Total AFS Securities

 $567,029  $800  $(42,206) $525,623 
  

December 31, 2023

 

(Dollars in thousands)

 

Amortized Cost

  

Gross Unrealized Gains

  

Gross Unrealized Losses

  

Fair value

 

Student Loan Pools

 $51,022  $72  $(728) $50,366 

SBA Bonds

  79,014   416   (2,677)  76,753 

Tax Exempt Municipal Bonds

  21,501   643   (908)  21,236 

Taxable Municipal Bonds

  64,669      (11,554)  53,115 

MBS

  368,081   31   (31,942)  336,170 

Total AFS Securities

 $584,287  $1,162  $(47,809) $537,640 
Investments Classified by Contractual Maturity Date [Table Text Block]

(Dollars in thousands)

 

Amortized Cost

  

Fair Value

 

Due in one year or less

 $113  $112 

Due after one year to five years

  13,386   12,860 

Due after five to ten years

  55,904   50,348 

Due after ten years or more

  108,034   99,308 

MBS

  389,592   362,995 

Total AFS Securities

 $567,029  $525,623 
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value [Table Text Block]
  

December 31, 2024

 
  

Less than 12 Months

  

12 Months or More

  

Total

 
  

Fair

  

Unrealized

      

Fair

  

Unrealized

      

Fair

  

Unrealized

 

(Dollars in thousands)

 

Value

  

Losses

  

#

  

Value

  

Losses

  

#

  

Value

  

Losses

 

Student Loan Pools

 $3,014  $10   4  $23,427  $193   22  $26,441  $203 

SBA Bonds

  10,795   154   12   24,319   2,248   46   35,114   2,402 

Tax Exempt Municipal Bonds

           6,058   688   5   6,058   688 

Taxable Municipal Bonds

           52,560   11,970   59   52,560   11,970 

MBS

  16,510   152   26   270,559   26,791   195   287,069   26,943 
  $30,319  $316   42  $376,923  $41,890   327  $407,242  $42,206 
  

December 31, 2023

  

Less than 12 Months

  

12 Months or More

  

Total

  

Fair

  

Unrealized

      

Fair

  

Unrealized

      

Fair

  

Unrealized

 

(Dollars in thousands)

 

Value

  

Losses

  

#

  

Value

  

Losses

  

#

  

Value

  

Losses

 

Student Loan Pools

 $377  $1   1  $43,872  $727   34  $44,249  $728 

SBA Bonds

  2,200   5   4   39,151   2,672   63   41,351   2,677 

Tax Exempt Municipal Bonds

           12,965   908   12   12,965   908 

Taxable Municipal Bonds

           53,115   11,554   59   53,115   11,554 

MBS

  36,069   434   30   292,864   31,508   213   328,933   31,942 
  $38,646  $440   35  $441,967  $47,369   381  $480,613  $47,809