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Note 13 - Fair Value (Tables)
3 Months Ended
Mar. 31, 2024
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
   

March 31, 2024

 
   

Total

   

Fair Value Measurements Using

 

(Amounts in thousands)

 

Fair Value

   

Level 1

   

Level 2

   

Level 3

 

Available-for-sale debt securities

                               

U.S. Agency securities

  $ 5,750     $ -     $ 5,750     $ -  

U.S. Treasury securities

    36,324       -       36,324       -  

Municipal securities

    18,112       -       18,112       -  

Corporate Notes

    26,916             26,916        

Agency mortgage-backed securities

    79,145       -       79,145       -  

Total available-for-sale debt securities

    166,247       -       166,247       -  

Equity securities

    55       -       55       -  

Fair value loans

    3,279       -       -       3,279  

Derivative assets

    168       -       168       -  

Deferred compensation assets

    7,464       7,464       -       -  

Deferred compensation liabilities

    9,042       9,042       -       -  
   

December 31, 2023

 
   

Total

   

Fair Value Measurements Using

 

(Amounts in thousands)

 

Fair Value

   

Level 1

   

Level 2

   

Level 3

 

Available-for-sale debt securities

                               

U.S. Agency securities

  $ 5,749     $ -     $ 5,749     $ -  

U.S. Treasury securities

    145,826       -       145,826       -  

Municipal securities

    19,377       -       19,377       -  

Corporate notes

    27,081       -       27,081       -  

Agency mortgage-backed securities

    82,928       -       82,928       -  

Total available-for-sale debt securities

    280,961       -       280,961       -  

Equity securities

    55       -       55       -  

Fair value loans

    3,421       -       -       3,421  

Derivative assets

    136       -       136       -  

Deferred compensation assets

    6,729       6,729       -       -  

Deferred compensation liabilities

    8,282       8,282       -       -  
Fair Value Measurements, Nonrecurring [Table Text Block]
   

March 31, 2024

 
   

Total

   

Fair Value Measurements Using

 
   

Fair Value

   

Level 1

   

Level 2

   

Level 3

 

(Amounts in thousands)

                               

Collateral dependent assets with specific reserves

  $ 825     $ -     $ -     $ 825  

OREO

    374       -       -       374  
   

December 31, 2023

 
   

Total

   

Fair Value Measurements Using

 
   

Fair Value

   

Level 1

   

Level 2

   

Level 3

 

(Amounts in thousands)

                               

Collateral dependent assets with specific reserves

  $ 825     $ -     $ -     $ 825  

OREO

    192       -       -       192  
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
    Discount Range 
 

Valuation

Unobservable

 

(Weighted Average)

 
 

Technique

Input

 

March 31, 2024

 
       

Collateral dependent assets with specific reserves

Discounted appraisals(1)

Appraisal adjustments(2)

  

38% (38%)

 

OREO

Discounted appraisals(1)

Appraisal adjustments(2)

  

20% to 100% (50%)

 
    

Discount Range

 
 

Valuation

Unobservable

 

(Weighted Average)

 
 

Technique

Input

 

December 31, 2023

 
       

Collateral dependent assets with specific reserves

Discounted appraisals(1)

Appraisal adjustments(2)

  42% (42%) 

OREO

Discounted appraisals(1)

Appraisal adjustments(2)

  

20% to 100% (60%)

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

March 31, 2024

 
   

Carrying

           

Fair Value Measurements Using

 

(Amounts in thousands)

 

Amount

   

Fair Value

   

Level 1

   

Level 2

   

Level 3

 

Assets

                                       

Cash and cash equivalents

  $ 248,905     $ 248,905     $ 248,905     $ -     $ -  

Debt securities available-for-sale

    166,247       166,247       -       166,247       -  

Equity securities

    55       55       -       55       -  

Loans held for investment, net of allowance

    2,484,372       2,247,195       -       -       2,247,195  

Derivative financial assets

    168       168       -       168       -  

Interest receivable

    10,719       10,719       -       1,125       9,594  

Deferred compensation assets

    7,464       7,464       7,464       -       -  
                                         

Liabilities

                                       

Time deposits

    247,512       243,842       -       243,842       -  

Securities sold under agreements to repurchase

    1,006       1,006       -       1,006       -  

Interest payable

    674       674       -       674       -  

Deferred compensation liabilities

    9,042       9,042       9,042       -       -  
   

December 31, 2023

 
   

Carrying

           

Fair Value Measurements Using

 

(Amounts in thousands)

 

Amount

   

Fair Value

   

Level 1

   

Level 2

   

Level 3

 

Assets

                                       

Cash and cash equivalents

  $ 116,420     $ 116,420     $ 116,420     $ -     $ -  

Debt securities available-for-sale

    280,961       280,961       -       280,961       -  

Equity securities

    55       55       -       55       -  

Loans held for investment, net of allowance

    2,536,109       2,350,071       -       -       2,350,071  

Interest receivable

    10,881       10,881       -       1,246       9,635  

Deferred compensation assets

    6,729       6,729       6,729       -       -  

Derivative assets

    136       136       -       136       -  
                                         

Liabilities

                                       

Time deposits

    253,373       247,141       -       247,141       -  

Securities sold under agreements to repurchase

    1,119       1,119       -       1,119       -  

Interest payable

    556       556       -       556       -  

Deferred compensation liabilities

    8,282       8,282       8,282       -       -