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Note 25 - Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
  

Derivative Assets (1)

  

Derivative Liabilities (2)

 
  

Notional

  

Fair

  

Notional

  

Fair

 

(dollars in thousands)

 

Amount

  

Value

  

Amount

  

Value

 

December 31, 2024

                

Designated as hedging instruments:

                

Fair value hedges:

                

Interest rate swaps

 $200,000  $149  $  $ 

Cash flow hedges:

                

Interest rate swaps

  200,000   477   200,000   21 

Total derivatives designated as hedging instruments

 $400,000  $626  $200,000  $21 

Not designated as hedging instruments:

                

Interest rate swaps (1)

 $347,575  $8,182  $364,575  $8,579 

Interest rate lock commitments

  14,647   153       

Forward loan sales commitments

  6,645   109       

To-be-announced mortgage backed securities

  39,000   35       

Total asset derivatives not designated as hedging instruments

 $407,867  $8,479  $364,575  $8,579 

December 31, 2023

                

Designated as hedging instruments:

                

Fair value hedges:

                

Interest rate swaps

 $  $  $600,000  $352 

Cash flow hedges:

                

Interest rate swaps

        200,000   297 

Total derivatives designated as hedging instruments

 $  $  $800,000  $649 

Not designated as hedging instruments:

                

Interest rate swaps (1)

 $120,671  $8,327  $120,671  $8,348 

Interest rate lock commitments

  8,126   179       

Forward loan sales commitments

  190   6       

To-be-announced mortgage backed securities

        20,500   183 

Total asset derivatives not designated as hedging instruments

 $128,987  $8,512  $141,171  $8,531 
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]
      

Gains (Losses)

 
  

Gains (Losses)

  

Reclassified

 
  

Recognized in

  

from OCI

 

(dollars in thousands)

 

OCI

  

into Earnings

 

Derivatives designated as hedging instruments

        

For the year ended December 31, 2024

        

Cash flow hedges:

        

Interest rate swaps

 $1,474  $721 
         

For the year ended December 31, 2023

        

Cash flow hedges:

        

Interest rate swaps

 $176  $473 
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]
  

Location and Amount of Gains (Losses) Recognized in Income

 
  

Interest Income

  

Interest Expense

 
  

Loans,

  

Investment

     
  

including

  

securities -

  

Short-term

 

(dollars in thousands)

 

fees

  

Taxable

  

borrowings

 

For the year ended December 31, 2024

            

Total amounts in the Consolidated Statements of Income

 $183,560  $19,745  $22,584 

Fair value hedges:

            

Interest rate swaps

  367   2,280    

Cash flow hedges:

            

Interest rate swaps

        721 

For the year ended December 31, 2023

            

Total amounts in the Consolidated Statements of Income

 $136,918  $24,262  $20,976 

Fair value hedges:

            

Interest rate swaps

  252   1,881    

Cash flow hedges:

            

Interest rate swaps

        (473)
  

December 31, 2024

 
          

Cumulative Fair

 
          

Value Hedging

 
          

Adjustment in the

 
      

Carrying Amount

  

Carrying Amount of

 
  

Notional

  

of Hedged Assets/

  

Hedged Assets/

 

(dollars in thousands)

 

Amount

  

Liabilities

  

Liabilities

 

Mortgage-backed securities

            

Residential agency (1)

 $200,000  $199,854  $(146)

Total

 $200,000  $199,854  $(146)
  

December 31, 2023

 
          

Cumulative Fair

 
          

Value Hedging

 
          

Adjustment in the

 
      

Carrying Amount

  

Carrying Amount of

 
  

Notional

  

of Hedged Assets/

  

Hedged Assets/

 

(dollars in thousands)

 

Amount

  

Liabilities

  

Liabilities

 

Mortgage-backed securities

            

Residential agency (1)

 $200,000  $200,241  $241 

Mortgage loan pools (2)

  400,000   400,098   98 

Total

 $600,000  $600,339  $339 
Derivative Instruments, Gain (Loss) [Table Text Block]

(dollars in thousands)

  

Year ended December 31,

 

Derivatives not designated as hedging instruments

Consolidated Statements of Income Location

 

2024

  

2023

  

2022

 

Interest rate swaps

Other noninterest income

 $21  $(20) $2 

Interest rate swaps

Mortgage banking

  (396)      

Interest rate lock commitments

Mortgage banking

  (172)  165   (1,464)

Forward loan sales commitments

Mortgage banking

  103   (1)  (483)

To-be-announced mortgage backed securities

Mortgage banking

  197   118   4,916 

Total gain (loss) from derivatives not designated as hedging instruments

  $(247) $262  $2,971 
Schedule Of Offsetting Derivative Assets And Liabilities [Table Text Block]
              

Gross Amount

     
              

Not Offset in the

     
              

Consolidated

     
              

Balance Sheets

     
  

Gross Amount

  

Gross Amount

  

Net Amount

         
  

Recognized in the

  

Offset in the

  

Presented in the

         
  

Consolidated

  

Consolidated

  

Consolidated

  

Cash Collateral

     

(dollars in thousands)

 

Balance Sheets

  

Balance Sheets

  

Balance Sheets

  

Pledged (Received)

  

Net Amount

 

December 31, 2024

                    

Derivative assets:

                    

Interest rate swaps − Company (1)

 $626  $  $626  $(683) $(57)

Interest rate swaps − dealer bank (1)

  5,606      5,606   (177)  5,429 

Interest rate swaps − customer (2)

  2,576      2,576      2,576 

To-be-announced mortgage backed securities

  35      35      35 

Total

 $8,843  $  $8,843  $(860) $7,983 

Derivative liabilities:

                    

Interest rate swaps − Company (1)

 $21  $  $21  $59  $(38)

Interest rate swaps − dealer bank (1)

  2,863      2,863   3,841   (978)

Interest rate swaps − customer (2)

  5,716      5,716      5,716 

To-be-announced mortgage backed securities

               

Total

 $8,600  $  $8,600  $3,900  $4,700 
              

Gross Amount

     
              

Not Offset in the

     
              

Consolidated

     
              

Balance Sheets

     
  

Gross Amount

  

Gross Amount

  

Net Amount

         
  

Recognized in the

  

Offset in the

  

Presented in the

         
  

Consolidated

  

Consolidated

  

Consolidated

  

Cash Collateral

     

(dollars in thousands)

 

Balance Sheets

  

Balance Sheets

  

Balance Sheets

  

Pledged (Received)

  

Net Amount

 

December 31, 2023

                    

Derivative assets:

                    

Interest rate swaps − Company (1)

 $  $  $  $  $ 

Interest rate swaps − dealer bank (1)

  8,327      8,327   (1,740)  6,587 

To-be-announced mortgage backed securities

               

Total

 $8,327  $  $8,327  $(1,740) $6,587 

Derivative liabilities:

                    

Interest rate swaps − Company (1)

 $649  $  $649  $550  $99 

Interest rate swaps − customer (2)

  8,348  $   8,348      8,348 

To-be-announced mortgage backed securities

  183      183      183 

Total

 $9,180  $  $9,180  $550  $8,630