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Note 22 - Fair Value of Assets and Liabilities (Tables)
6 Months Ended
Jun. 30, 2025
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
  

June 30, 2025

 

(dollars in thousands)

 

Level 1

  

Level 2

  

Level 3

  

Total

 

Trading

 $1,686  $  $  $1,686 

Available-for-sale

                

U.S. treasury and government agencies

    

637

     

637

 

Mortgage backed securities

                

Residential agency

    

488,939

     

488,939

 

Commercial

    

1,280

     

1,280

 

Asset backed securities

    

17

     

17

 

Corporate bonds

    

50,279

     

50,279

 

Total available-for-sale investment securities

 $  $541,152  $  $541,152 

Servicing rights

 $  $  $7,184  $7,184 

Other assets

                

Derivatives

 $  $11,348  $  $11,348 

Other liabilities

                

Derivatives

 $  $11,225  $  $11,225 
  

December 31, 2024

 

(dollars in thousands)

 

Level 1

  

Level 2

  

Level 3

  

Total

 

Trading

 $3,309  $  $  $3,309 

Available-for-sale

                

U.S. treasury and government agencies

     30,707      30,707 

Mortgage backed securities

                

Residential agency

     503,706      503,706 

Commercial

     1,251      1,251 

Asset backed securities

     19      19 

Corporate bonds

     52,370      52,370 

Total available-for-sale investment securities

 $  $588,053  $  $588,053 

Servicing rights

 $  $  $7,918  $7,918 

Other assets

                

Derivatives

 $  $9,105  $  $9,105 

Other liabilities

                

Derivatives

 $  $8,600  $  $8,600 
Fair Value Measurements, Nonrecurring [Table Text Block]
   

June 30, 2025

 

(dollars in thousands)

 

Level 1

   

Level 2

   

Level 3

   

Total

 

Non-mortgage loans held for sale

  $     $     $ 50,160     $ 50,160  

Collateral dependent loans

                29,722       29,722  

Foreclosed assets

                751       751  
   

December 31, 2024

 

(dollars in thousands)

 

Level 1

   

Level 2

   

Level 3

   

Total

 

Collateral dependent loans

  $     $     $ 34,088     $ 34,088  
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]
       

June 30, 2025

 

(dollars in thousands)

                     

Weighted

 

Asset Type

Valuation Technique

Unobservable Input

 

Fair Value

   

Range

   

Average

 

Non-mortgage loans HFS

Quoted market prices of similar loans

Estimated cost to sell

  $ 50,160       N/A       N/A  

Individually evaluated

Appraisal value

Property specific adjustment

    29,722       10 - 35 %     34.9 %

Foreclosed assets

Appraisal value

Property specific adjustment

    751       10.0 %     10.0 %

Servicing rights

Discounted cash flows

Prepayment speed assumptions

    7,184       115 - 602       202  
   

Discount rate

            10.5 %     10.5 %
       

December 31, 2024

 

(dollars in thousands)

                     

Weighted

 

Asset Type

Valuation Technique

Unobservable Input

 

Fair Value

   

Range

   

Average

 

Individually evaluated

Appraisal value

Property specific adjustment

  $ 34,088       10 - 35 %     28.9 %

Servicing rights

Discounted cash flows

Prepayment speed assumptions

    7,918       103 - 495       165  
   

Discount rate

            10.5 %     10.5 %
Fair Value, by Balance Sheet Grouping [Table Text Block]
   

June 30, 2025

 
   

Carrying

   

Estimated Fair Value

 

(dollars in thousands)

 

Amount

   

Level 1

   

Level 2

   

Level 3

   

Total

 

Financial Assets

                                       

Cash and cash equivalents

  $ 80,904     $ 80,904     $     $     $ 80,904  

Investment securities held-to-maturity

    263,706             231,504             231,504  

Non-mortgage loans held for sale

    50,160                   50,160       50,160  

Loans, net

    3,985,379                   3,985,379       3,985,379  

Accrued interest receivable

    20,884       20,884                   20,884  

Bank-owned life insurance

    38,613             38,613             38,613  

Servicing rights

    7,184                   7,184       7,184  

Financial Liabilities

                                       

Noninterest-bearing deposits

  $ 790,300     $     $ 790,300     $     $ 790,300  

Interest-bearing deposits

    2,748,699             2,748,699             2,748,699  

Time deposits

    798,469             663,919             663,919  

Short-term borrowings

    314,600       314,600                   314,600  

Long-term debt

    59,126             59,379             59,379  

Accrued interest payable

    8,191       8,191                   8,191  
   

December 31, 2024

 
   

Carrying

   

Estimated Fair Value

 

(dollars in thousands)

 

Amount

   

Level 1

   

Level 2

   

Level 3

   

Total

 

Financial Assets

                                       

Cash and cash equivalents

  $ 61,239     $ 61,239     $     $     $ 61,239  

Investment securities held-to-maturity

    275,585             236,986             236,986  

Loans, net

    3,932,605                   3,872,186       3,872,186  

Accrued interest receivable

    20,075       20,075                   20,075  

Bank-owned life insurance

    36,033             36,033             36,033  

Servicing rights

    7,918                   7,918       7,918  

Financial Liabilities

                                       

Noninterest-bearing deposits

  $ 903,466     $     $ 903,466     $     $ 903,466  

Interest-bearing deposits

    2,767,979             2,767,979             2,767,979  

Time deposits

    706,965             696,976             696,976  

Short-term borrowings

    238,960       238,960                   238,960  

Long-term debt

    59,069             59,078             59,078  

Accrued interest payable

    11,343       11,343                   11,343