XML 27 R11.htm IDEA: XBRL DOCUMENT v3.22.0.1

Note 3 - Debt Securities

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

Note 3. Debt Securities

The following tables present the amortized cost and fair value of available-for-sale debt securities, including gross unrealized gains and losses, as of the dates indicated:

		December 31, 2021
		Amortized				Unrealized				Unrealized				Fair
		Cost				Gains				Losses				Value
(Amounts in thousands)
U.S. Agency securities		$	469			$	—			$	(3	)		$	466
Municipal securities			28,596				198				—				28,794
Corporate Notes			9,935				—				(16	)			9,919
Mortgage-backed Agency securities			37,273				513				(673	)			37,113
Total		$	76,273			$	711			$	(692	)		$	76,292

		December 31, 2020
		Amortized				Unrealized				Unrealized				Fair
		Cost				Gains				Losses				Value
(Amounts in thousands)
U.S. Agency securities		$	555			$	—			$	(4	)		$	551
Municipal securities			43,950				509				—				44,459
Mortgage-backed Agency securities			37,453				992				(97	)			38,348
Total		$	81,958			$	1,501			$	(101	)		$	83,358

The following table presents the amortized cost and fair value of available-for-sale debt securities, by contractual maturity, as of December 31, 2021. Actual maturities could differ from contractual maturities because issuers may have the right to call or prepay obligations with or without penalties.

(Amounts in thousands)		U.S. Agency Securities				Municipal Securities				Corporate Notes				Total
Amortized cost maturity:
One year or less		$	—			$	735			$	7,382			$	8,117
After one year through five years			—				19,425				2,553				21,978
After five years through ten years			469				8,436				—				8,905
After ten years			—				—				—				—
Amortized cost		$	469			$	28,596			$	9,935				39,000
Mortgage-backed securities															37,273
Total amortized cost														$	76,273
Fair value maturity:
One year or less		$	—			$	736			$	7,372			$	8,108
After one year through five years			—				19,537				2,547				22,084
After five years through ten years			466				8,521				—				8,987
After ten years			—				—				—				—
Fair value		$	466			$	28,794			$	9,919				39,179
Mortgage-backed securities															37,113
Total fair value														$	76,292

The following tables present the fair values and unrealized losses for available-for-sale debt securities in a continuous unrealized loss position for less than 12 months and for 12 months or longer as of the dates indicated:

		December 31, 2021
		Less than 12 Months								12 Months or Longer								Total
		Fair				Unrealized				Fair				Unrealized				Fair				Unrealized
		Value				Losses				Value				Losses				Value				Losses
(Amounts in thousands)
U.S. Agency securities		$	—			$	—			$	459			$	(3	)		$	459			$	(3	)
Municipal securities			—				—				—				—				—				—
Corporate Notes			9,919				(16	)			—				—				9,919				(16	)
Mortgage-backed Agency securities			14,092				(253	)			8,384				(420	)			22,476				(673	)
Total		$	24,011			$	(269	)		$	8,843			$	(423	)		$	32,854			$	(692	)

		December 31, 2020
		Less than 12 Months								12 Months or Longer								Total
		Fair				Unrealized				Fair				Unrealized				Fair				Unrealized
		Value				Losses				Value				Losses				Value				Losses
(Amounts in thousands)
U.S. Agency securities		$	—			$	—			$	544			$	(4	)		$	544			$	(4	)
Municipal securities			—				—				—				—				—				—
Mortgage-backed Agency securities			11,018				(97	)			—				—				11,018				(97	)
Total		$	11,018			$	(97	)		$	544			$	(4	)		$	11,562			$	(101	)

There were 23 individual debt securities in an unrealized loss position as of December 31, 2021, and their combined depreciation in value represented 0.91% of the debt securities portfolio. There were 6 individual debt securities in an unrealized loss position as of December 31, 2020, and their combined depreciation in value represented 0.12% of the debt securities portfolio.

The following table presents gross realized gains and losses from the sale of available-for-sale debt securities for the periods indicated:

		Year Ended December 31,
		2021				2020				2019
(Amounts in thousands)
Gross realized gains		$	—			$	419			$	67
Gross realized losses			—				(34	)			(110	)
Net gain (loss) on sale of securities		$	—			$	385			$	(43	)

The carrying amount of securities pledged for various purposes totaled $22.15 million as of December 31, 2021, and $36.56 million as of December 31, 2020.

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureTextBlockAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2209399

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2324412

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI http://asc.fasb.org/topic&trid=2196928

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2176304

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1403
-Paragraph (b)

+ Details

Name:	us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration