Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Securities (Tables)

v3.23.2
Note 2 - Securities (Tables)
6 Months Ended
Jun. 30, 2023
Notes Tables  
Debt Securities, Trading, and Equity Securities, FV-NI [Table Text Block]
June 30, 2023  

Amortized
Cost

   

Gross
Unrealized
Gains

   

Gross
Unrealized
Losses

   

Fair
Value

 

Available for Sale

                               

U.S. Treasury and federal agency securities

  $ 255,547     $     $ (15,366

)

  $ 240,181  

U.S. Agency MBS and CMOs

    130,977             (14,828

)

    116,149  

Tax-exempt state and municipal bonds

    35,218       5       (612

)

    34,611  

Taxable state and municipal bonds

    117,976       36       (7,831

)

    110,181  

Corporate bonds and other debt securities

    12,136             (421

)

    11,715  
    $ 551,854     $ 41     $ (39,058

)

  $ 512,837  

Held to Maturity

                               

U.S. Treasury

  $ 251,266     $     $ (13,162

)

  $ 238,104  

Tax-exempt state and municipal bonds

    89,134       199       (2,083

)

    87,250  
    $ 340,400     $ 199     $ (15,245

)

  $ 325,354  
December 31, 2022  

Amortized
Cost

   

Gross
Unrealized
Gains

   

Gross
Unrealized
Losses

   

Fair
Value

 

Available for Sale:

                               

U.S. Treasury and federal agency securities

  $ 240,921     $ 23     $ (16,310

)

  $ 224,634  

U.S. Agency MBS and CMOs

    128,165             (14,347

)

    113,818  

Tax-exempt state and municipal bonds

    37,198       10       (498

)

    36,710  

Taxable state and municipal bonds

    120,647       49       (8,525

)

    112,171  

Corporate bonds and other debt securities

    12,387             (463

)

    11,924  
    $ 539,318     $ 82     $ (40,143

)

  $ 499,257  

Held to Maturity

                               

U.S. Treasury

  $ 251,307     $     $ (13,677

)

  $ 237,630  

Tax-exempt state and municipal bonds

    97,458       415       (2,853

)

    95,020  
    $ 348,765     $ 415     $ (16,530

)

  $ 332,650  
   

Held–to-Maturity Securities

   

Available-for-Sale Securities

 
   

Amortized
Cost

   

Fair
Value

   

Amortized
Cost

   

Fair
Value

 

Due in one year or less

  $ 115,991     $ 113,729     $ 60,850     $ 59,717  

Due from one to five years

    206,975       194,472       336,794       316,350  

Due from five to ten years

    17,434       17,153       24,734       22,027  

Due after ten years

                129,476       114,743  
    $ 340,400     $ 325,354     $ 551,854     $ 512,837  
Schedule of Unrealized Loss on Investments [Table Text Block]
   

Less than 12 Months

   

12 Months or More

   

Total

 

June 30, 2023

 

Fair
Value

   

Unrealized
Loss

   

Fair
Value

   

Unrealized
Loss

   

Fair
Value

   

Unrealized
Loss

 

Available for Sale

                                               

U.S. Treasury and federal agency securities

  $ 53,921     $ (1,053

)

  $ 182,058     $ (14,313

)

  $ 235,979     $ (15,366

)

U.S. Agency MBS and CMOs

    50,238       (1,450

)

    65,911       (13,378

)

    116,149       (14,828

)

Tax-exempt state and municipal bonds

    30,453       (369

)

    5,451       (243

)

    35,904       (612

)

Taxable state and municipal bonds

    31,301       (833

)

    73,536       (6,998

)

    104,837       (7,831

)

Corporate bonds and other debt securities

    5,445       (161

)

    6,270       (260

)

    11,715       (421

)

 

  $ 171,358     $ (3,866

)

  $ 333,226     $ (35,192

)

  $ 504,584     $ (39,058

)

                                                 

Held to Maturity

                                               

U.S. Treasury

  $ 29,018     $ (566

)

  $ 209,086     $ (12,596

)

  $ 238,104     $ (13,162

)

Tax-exempt state and municipal bonds

    10,527       (88

)

    47,479       (1,995

)

    58,006       (2,083

)

    $ 39,545     $ (654

)

  $ 256,565     $ (14,591

)

  $ 296,110     $ (15,245

)

   

Less than 12 Months

   

12 Months or More

   

Total

 

December 31, 2022

 

Fair
Value

   

Unrealized
Loss

   

Fair
Value

   

Unrealized
Loss

   

Fair
Value

   

Unrealized
Loss

 

Available for Sale:

                                               

U.S. Treasury and federal agency securities

  $ 144,796     $ (6,230

)

  $ 66,008     $ (10,080

)

  $ 210,804     $ (16,310

)

U.S. Agency MBS and CMOs

    64,427       (4,789

)

    41,340       (9,558

)

    105,767       (14,347

)

Tax-exempt state and municipal bonds

    31,337       (498

)

                31,337       (498

)

Taxable state and municipal bonds

    71,165       (3,337

)

    33,452       (5,188

)

    104,617       (8,525

)

Corporate bonds and other debt securities

    10,668       (357

)

    1,256       (106

)

    11,924       (463

)

    $ 322,393     $ (15,211

)

  $ 142,056     $ (24,932

)

  $ 464,449     $ (40,143

)

                                                 

Held to Maturity:

                                               

U.S. Treasury

  $ 237,630     $ (13,677

)

  $     $     $ 237,630     $ (13,677

)

Tax-exempt state and municipal bonds

    57,671       (2,314

)

    21,721       (539

)

    79,392       (2,853

)

    $ 295,301     $ (15,991

)

  $ 21,721     $ (539

)

  $ 317,022     $ (16,530

)