XML 38 R28.htm IDEA: XBRL DOCUMENT v3.25.1
Note 6 - Investments, Available for Sale ("AFS") (Tables)
3 Months Ended
Mar. 31, 2025
Notes Tables  
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block]
  

March 31, 2025

 

Dollars in thousands

 

Amortized Cost

  

Gross Unrealized Gains

  

Gross Unrealized Losses

  

Fair Value

 

Student Loan Pools

 $38,648  $93  $(286) $38,455 

Small Business Administration (“SBA”) Bonds

  61,208   286   (2,135)  59,359 

Tax Exempt Municipal Bonds

  6,719      (869)  5,850 

Taxable Municipal Bonds

  64,509      (10,461)  54,048 

Mortgage-Backed Securities ("MBS")

  406,195   279   (23,434)  383,040 

Total AFS Securities

 $577,279  $658  $(37,185) $540,752 
  

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 

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 

MBS

  389,592   346   (26,943)  362,995 

Total AFS Securities

 $567,029  $800  $(42,206) $525,623 
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value [Table Text Block]
  

March 31, 2025

 
  

Less than 12 Months

  

12 Months or More

  

Total

 

Dollars in thousands

 

Fair Value

  

Unrealized Losses

  

#

  

Fair Value

  

Unrealized Losses

  

#

  

Fair Value

  

Unrealized Losses

 

Student Loan Pools

 $10,782  $(111)  11  $20,220  $(175)  19  $31,002  $(286)

SBA Bonds

  12,429   (135)  14   22,694   (2,000)  42   35,123   (2,135)

Tax Exempt Municipal Bonds

           5,850   (869)  5   5,850   (869)

Taxable Municipal Bonds

           54,048   (10,461)  59   54,048   (10,461)

MBS

  55,103   (305)  27   269,088   (23,129)  195   324,191   (23,434)
  $78,314  $(551)  52  $371,900  $(36,634)  320  $450,214  $(37,185)
  

December 31, 2024

 
  

Less than 12 Months

  

12 Months or More

  

Total

 

Dollars in thousands

 Fair Value  Unrealized Losses  #  Fair Value  Unrealized Losses  #  Fair Value  Unrealized 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)
Investments Classified by Contractual Maturity Date [Table Text Block]
  

March 31, 2025

 

Dollars in thousands

 

Amortized Cost

  

Fair Value

 

One Year or Less

 $20  $20 

After One – Five Years

  16,080   15,607 

After Five – Ten Years

  52,617   47,558 

More Than Ten Years

  102,367   94,527 

MBS

  406,195   383,040 

Total AFS Securities

 $577,279  $540,752