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Note 15 - Fair Value Measurements and Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2018
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
 
 
 
 
(dollars in thousands)
 
 
 
 
 
Total
   
(Level 1)
Quoted Prices
in Active
Markets for
Identical Assets
   
(Level 2)
Significant
Other
Observable
Inputs
   
 
(Level 3)
Significant
Unobservable
Inputs
 
                                 
December
3
1
, 201
8
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                 
Collateralized mortgage obligations
  $
196,259
    $
-
    $
196,259
    $
-
 
Agency mortgage-backed securities
   
38,499
     
-
     
38,499
     
-
 
Municipal securities
   
20,639
     
-
     
20,639
     
-
 
Corporate bonds
   
59,274
     
-
     
56,205
     
3,069
 
Asset-backed securities
   
6,343
     
-
     
6,343
     
-
 
Securities Available for Sale
  $
321,014
    $
-
    $
317,945
    $
3,069
 
                                 
Mortgage Loans Held for Sale
  $
20,887
    $
-
    $
20,887
    $
-
 
SBA Servicing Assets
   
4,785
     
-
     
-
     
4,785
 
Interest Rate Lock Commitments
   
410
     
-
     
410
     
-
 
Best Efforts Forward Loan Sales Commitments
   
5
     
-
     
5
     
-
 
Mandatory Forward Loan Sales Commitments
   
10
     
-
     
10
     
-
 
                                 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                 
Interest Rate Lock Commitments
   
-
     
-
     
-
     
-
 
Best Efforts Forward Loan Sales Commitments
   
138
     
-
     
138
     
-
 
Mandatory Forward Loan Sales Commitments
   
230
     
-
     
230
     
-
 
                                 
December 31, 201
7
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                 
Collateralized mortgage obligations
  $
320,241
    $
-
    $
320,241
    $
-
 
Agency mortgage-backed securities
   
54,866
     
-
     
54,866
     
-
 
Municipal securities
   
15,100
     
-
     
15,100
     
-
 
Corporate bonds
   
60,282
     
-
     
57,196
     
3,086
 
Asset-backed securities
   
13,452
     
-
     
13,452
     
-
 
Trust Preferred Securities
   
489
     
-
     
-
     
489
 
Securities Available for Sale
  $
464,430
    $
-
    $
460,855
    $
3,575
 
                                 
Mortgage Loans Held for Sale
  $
43,375
    $
-
    $
43,375
    $
-
 
SBA Servicing Assets
   
5,243
     
-
     
-
     
5,243
 
Interest Rate Lock Commitments
   
363
     
-
     
363
     
-
 
Best Efforts Forward Loan Sales Commitments
   
5
     
-
     
5
     
-
 
Mandatory Forward Loan Sales Commitments
   
19
     
-
     
19
     
-
 
                                 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                 
Interest Rate Lock Commitments
   
1
     
-
     
1
     
-
 
Best Efforts Forward Loan Sales Commitments
   
93
     
-
     
93
     
-
 
Mandatory Forward Loan Sales Commitments
   
195
     
-
     
195
     
-
 
Schedule of Servicing Assets at Fair Value [Table Text Block]
 
(dollars in thousands)
 
201
8
   
201
7
   
201
6
 
Beginning balance, January 1
st
  $
5,243
    $
5,352
     
4,886
 
Additions
   
1,000
     
1,078
     
1,541
 
Fair value adjustments
   
(1,458
)    
(1,187
)    
(1,075
)
Ending balance, December 31
st
  $
4,785
    $
5,243
     
5,352
 
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
   
Year Ended
December 31, 201
8
   
Year Ended
December 31, 201
7
   
Year Ended
December 31, 201
6
 
Level 3 Investments Only
(dollars in thousands)
 
Trust
Preferred
Securities
   
Corporate
Bonds
   
Trust
Preferred
Securities
   
Corporate
Bonds
   
Trust
Preferred
Securities
   
Corporate
Bonds
 
Balance, January 1,
  $
489
    $
3,086
    $
1,820
    $
2,971
    $
1,883
    $
2,834
 
Security transferred to Level 3 measurement
   
-
     
-
     
-
     
-
     
-
     
-
 
Unrealized (losses) gains
   
237
     
(17
)    
1,006
     
115
     
(56
)    
137
 
Paydowns
   
 
     
-
     
-
     
-
     
-
     
-
 
Proceeds from sales
   
(660
)    
-
     
(1,539
)    
-
     
-
     
-
 
Realized losses
   
(66
)    
-
     
(798
)    
-
     
-
     
-
 
Impairment charges on Level 3
   
-
     
-
     
-
     
-
     
(7
)    
-
 
Balance, December 31,
  $
-
    $
3,069
    $
489
    $
3,086
    $
1,820
    $
2,971
 
Fair Value Measurements, Nonrecurring [Table Text Block]
 
 
 
 
(dollars in thousands)
 
 
 
 
 
Total
   
 
(Level 1)
Quoted Prices
in Active
Markets for
Identical Assets
   
(Level 2)
Significan
t
Other
Observable
Inputs
   
 
(Level 3)
Significant
Unobservable
Inputs
 
December 31, 2018:
                               
Impaired loans
  $
5,955
    $
-
    $
-
    $
5,955
 
Other real estate owned
   
1,114
     
-
     
-
     
1,114
 
                                 
December 31, 2017:
                               
Impaired loans
  $
7,322
    $
-
    $
-
    $
7,322
 
Other real estate owned
   
5,727
     
-
     
-
     
5,727
 
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
   
Quantitative Information about Level 3 Fair Value Measurements
 
Asset Description
 
Fair Value
 
Valuation
Technique
Unobservable Input
 
Range (Weighted
Average)
December
3
1
,
2018
 
 
 
 
     
 
 
 
 
Corporate bonds
  $
3,069
 
Discounted Cash Flows
Discount Rate
 
 
(8.24%)
 
 
                       
SBA servicing assets
  $
4,785
 
Discounted Cash Flows
Conditional Prepayment Rate
 
 
(10.31%)
 
 
     
 
 
 
Discount Rate
 
 
(11.50%)
 
 
                       
Impaired loans
  $
5,955
 
Appraised Value of Collateral (1)
Liquidation expenses (2)
 
 11%
-
24%
(13%) (3)
                       
Other real estate owned
  $
1,114
 
Appraised Value of Collateral (1)
Liquidation expenses (2)
 
 
(7%)
 
(3)
                       
December 31, 201
7
 
 
 
 
     
 
 
 
 
Corporate bonds
  $
3,086
 
Discounted Cash Flows
Discount Rate
 
 
(5.99%)
 
 
                       
Trust preferred securities
  $
489
 
Discounted Cash Flows
Discount Rate
 
 
(8.33%)
 
 
                       
SBA servicing assets
  $
5,243
 
Discounted Cash Flows
Conditional Prepayment Rate
 
 
(7.85%)
 
 
     
 
 
 
Discount Rate
 
 
(10.50%)
 
 
                       
Impaired loans
  $
7,322
 
Appraised Value of Collateral (1)
Liquidation expenses (2)
 
 10%
-
21%
(14%) (3)
                       
Other real estate owned
  $
5,727
 
Appraised Value of Collateral (1)
Liquidation expenses (2)
 
 
(22%)
 
(3)
     
 
 
Sales Price
Liquidation expenses (2)
 
 4%
-
7%
(7%) (3)
Fair Value Option, Disclosures [Table Text Block]
   
Carrying
Amount
   
Aggregate Unpaid
Principal Balance
   
Excess Carrying
Amount Over
Aggregate Unpaid
Principal Balance
 
December 31, 2018
  $
20,887
    $
20,071
    $
816
 
                         
December 31, 2017
  $
43,375
    $
42,046
    $
1,329
 
Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets [Table Text Block]
(dollars in thousands)
 
December
3
1
, 2018
   
December 31, 2017
 
                 
SBA Servicing Asset
 
 
 
 
 
 
 
 
                 
Fair Value of SBA Servicing Asset
  $
4,785
    $
5,243
 
                 
Composition of SBA Loans Serviced for Others
               
Fixed-rate SBA loans
   
2
%    
2
%
Adjustable-rate SBA loans
   
98
%    
98
%
Total
   
100
%    
100
%
                 
Weighted Average Remaining Term (in years)
 
20.4
   
20.5
 
                 
Prepayment Speed
   
10.31
%    
7.85
%
Effect on fair value of a 10% increase
  $
(170
)   $
(171
)
Effect on fair value of a 20% increase
   
(330
)    
(333
)
                 
Weighted Average Discount Rate
   
11.50
%    
10.50
%
Effect on fair value of a 10% increase
  $
(186
)   $
(211
)
Effect on fair value of a 20% increase
   
(359
)    
(407
)
Fair Value, by Balance Sheet Grouping [Table Text Block]
   
Fair Value Measurements at December 31, 201
8
 
(dollars in thousands)
 
Carrying
Amount
   
Fair
Value
   
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
   
Significan
t
Other
Observable
Inputs
(Level 2)
   
Significant
Unobservable
Inputs
(Level 3)
 
Balance Sheet Data
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial assets:                                        
Cash and cash equivalents
  $
72,473
    $
72,473
    $
72,473
    $
-
    $
-
 
Investment securities available for sale
   
321,014
     
321,014
     
-
     
317,945
     
3,069
 
Investment securities held to maturity
   
761,563
     
747,323
     
-
     
747,323
     
-
 
Restricted stock
   
5,754
     
5,754
     
-
     
5,754
     
-
 
Loans held for sale
   
26,291
     
26,291
     
-
     
20,887
     
5,404
 
Loans receivable, net
   
1,427,983
     
1,410,945
     
-
     
-
     
1,410,945
 
SBA servicing assets
   
4,785
     
4,785
     
-
     
-
     
4,785
 
Accrued interest receivable
   
9,025
     
9,025
     
-
     
9,025
     
-
 
Interest rate lock commitments
   
410
     
410
     
-
     
410
     
-
 
Best efforts forward loan sales commitments
   
5
     
5
     
-
     
5
     
-
 
Mandatory forward loan sales commitments
   
10
     
10
     
-
     
10
     
-
 
                                         
Financial liabilities:
                                       
Deposits
                                       
Demand, savings and money market
  $
2,238,610
    $
2,238,610
    $
-
    $
2,238,610
    $
-
 
Time
   
154,257
     
152,989
     
-
     
152,989
     
-
 
Subordinated debt
   
11,259
     
8,279
     
-
     
-
     
8,279
 
Accrued interest payable
   
558
     
558
     
-
     
558
     
-
 
Interest rate lock commitments
   
-
     
-
     
-
     
-
     
-
 
Best efforts forward loan sales commitments
   
138
     
138
     
-
     
138
     
-
 
Mandatory forward loan sales commitments
   
230
     
230
     
-
     
230
     
-
 
                                         
Off-Balance Sheet Data
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commitments to extend credit
   
-
     
-
     
-
     
-
     
-
 
Standby letters-of-credit
   
-
     
-
     
-
     
-
     
-
 
   
Fair Value Measurements at December 31, 201
7
 
(dollars in thousands)
 
Carrying
Amount
   
Fair
Value
   
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
   
Significant
Other
Observable
Inputs
(Level 2)
   
Significant
Unobservable
Inputs
(Level 3)
 
Balance Sheet Data
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial assets:                                        
Cash and cash equivalents
  $
61,942
    $
61,942
    $
61,942
    $
-
    $
-
 
Investment securities available for sale
   
464,430
     
464,430
     
-
     
460,855
     
3,575
 
Investment securities held to maturity
   
472,213
     
463,799
     
-
     
463,799
     
-
 
Restricted stock
   
1,918
     
1,918
     
-
     
1,918
     
-
 
Loans held for sale
   
45,700
     
45,714
     
-
     
43,375
     
2,339
 
Loans receivable, net
   
1,153,679
     
1,120,305
     
-
     
-
     
1,120,305
 
SBA servicing assets
   
5,243
     
5,243
     
-
     
-
     
5,243
 
Accrued interest receivable
   
7,009
     
7,009
     
-
     
7,009
     
-
 
Interest rate lock commitments
   
363
     
363
     
-
     
363
     
-
 
Best efforts forward loan sales commitments
   
5
     
5
     
-
     
5
     
-
 
Mandatory forward loan sales commitments
   
19
     
19
     
-
     
19
     
-
 
                                         
Financial liabilities:
                                       
Deposits
                                       
Demand, savings and money market
  $
1,946,558
    $
1,946,558
    $
-
    $
1,946,558
    $
-
 
Time
   
116,737
     
115,673
     
-
     
115,673
     
-
 
Subordinated debt
   
21,681
     
18,458
     
-
     
-
     
18,458
 
Accrued interest payable
   
293
     
293
     
-
     
293
     
-
 
Interest rate lock commitments
   
1
     
1
     
-
     
1
     
-
 
Best efforts forward loan sales commitments
   
93
     
93
     
-
     
93
     
-
 
Mandatory forward loan sales commitments
   
195
     
195
     
-
     
195
     
-
 
                                         
Off-Balance Sheet Data
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commitments to extend credit
   
-
     
-
     
-
     
-
     
-
 
Standby letters-of-credit
   
-
     
-
     
-
     
-
     
-