Note 9 - FAIR VALUE (Tables)

9 Months Ended

Sep. 30, 2022

Notes Tables

Schedule of assets measured at fair value

			Fair Value Measurements at Reporting Date Using
			Quoted Prices		Significant
			in Active		Other		Significant
			Markets for		Observable		Unobservable
			Identical Assets		Inputs		Inputs
	Fair Value		(Level 1)		(Level 2)		(Level 3)
	(dollars in thousands)
September 30, 2022:
Securities AFS:
U.S. treasuries and govt. sponsored agency securities	$	20,527	$	—	$	20,527	$	—
Residential mortgage-backed and related securities		68,844		—		68,844		—
Municipal securities		185,343		—		185,343		—
Asset-backed securities		19,630		—		19,630		—
Other securities		45,393		—		45,393		—
Derivatives		185,037		—		185,037		—
Total assets measured at fair value	$	524,774	$	—	$	524,774	$	—
Derivatives	$	209,479	$	—	$	209,479	$	—
Total liabilities measured at fair value	$	209,479	$	—	$	209,479	$	—
December 31, 2021:
Securities AFS:
U.S. govt. sponsored agency securities	$	23,328	$	—	$	23,328	$	—
Residential mortgage-backed and related securities		94,323		—		94,323		—
Municipal securities		168,266		—		168,266		—
Asset-backed securities		27,124		—		27,124		—
Other securities		24,789		—		24,789		—
Derivatives		222,220		—		222,220		—
Total assets measured at fair value	$	560,050	$	—	$	560,050	$	—
Derivatives	$	225,135	$	—	$	225,135	$	—
Total liabilities measured at fair value	$	225,135	$	—	$	225,135	$	—

			Fair Value Measurements at Reporting Date Using
			Quoted Prices		Significant
			in Active		Other		Significant
			Markets for		Observable		Unobservable
			Identical Assets		Inputs		Inputs
	Fair Value		Level 1		Level 2		Level 3
	(dollars in thousands)
September 30, 2022:
Loans/leases evaluated individually	$	29,665	$	—	$	—	$	29,665
OREO		191		—		—		191
	$	29,856	$	—	$	—	$	29,856
December 31, 2021:
Loans/leases evaluated individually	$	6,618	$	—	$	—	$	6,618

Schedule of assets measured at fair value, valuation techniques

	Quantitative Information about Level Fair Value Measurements
	Fair Value		Fair Value
	September 30,		December 31,
	2022		2021		Valuation Technique	Unobservable Input	Range
	(dollars in thousands)
Loans/leases evaluated individually	$	29,665	$	6,618	Appraisal of collateral	Appraisal adjustments	-10.00	%	to	-30.00	%
OREO		191		—	Appraisal of collateral	Appraisal adjustments	0.00	%	to	-35.00	%

Schedule of assets and liabilities measured at fair value

	Fair Value	As of September 30, 2022				As of December 31, 2021
	Hierarchy	Carrying		Estimated		Carrying		Estimated
	Level	Value		Fair Value		Value		Fair Value
		(dollars in thousands)
Cash and due from banks	Level 1	$	86,282	$	86,282	$	37,490	$	37,490
Federal funds sold	Level 2		28,210		28,210		12,370		12,370
Interest-bearing deposits at financial institutions	Level 2		42,833		42,833		75,292		75,292
Investment securities:
HTM	Level 2		539,713		511,447		472,385		522,297
AFS	Level 2		339,737		339,737		337,830		337,830
Loans/leases receivable, net	Level 3		27,468		29,665		6,128		6,618
Loans/leases receivable, net	Level 2		5,890,653		5,838,442		4,595,283		4,478,899
Derivatives	Level 2		185,037		185,037		222,220		222,220
Deposits:
Nonmaturity deposits	Level 2		5,247,595		5,247,595		4,501,424		4,501,424
Time deposits	Level 2		693,440		674,507		421,348		419,453
Short-term borrowings	Level 2		85,180		85,180		3,800		3,800
FHLB advances	Level 2		335,000		334,732		15,000		15,000
Subordinated notes	Level 2		232,743		251,677		113,850		116,203
Junior subordinated debentures	Level 2		48,568		42,094		38,155		31,072
Derivatives	Level 2		209,479		209,479		225,135		225,135