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Note 16 - Fair Value (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
  

December 31, 2024

 
  

Total

  

Fair Value Measurements Using

 

(Amounts in thousands)

 

Fair Value

  

Level 1

  

Level 2

  

Level 3

 

Available-for-sale debt securities

                

U.S. Treasury securities

 $55,769  $-  $55,769    

Municipal securities

  13,837      13,837  $- 

Corporate Notes

  27,542      27,542    

Mortgage-backed Agency securities

  72,701      72,701    

Total available-for-sale debt securities

  169,849      169,849    

Equity securities

  55      55    

Fair value loans

  2,993         2,993 

Derivative assets

  116      116    

Deferred compensation assets

  8,571   8,571       

Deferred compensation liabilities

  10,189   10,189       
  

December 31, 2023

 
  

Total

  

Fair Value Measurements Using

 

(Amounts in thousands)

 

Fair Value

  

Level 1

  

Level 2

  

Level 3

 

Available-for-sale debt securities

                

U.S. Agency securities

 $5,749  $  $5,749  $ 

U.S. Treasury securities

  145,826  $   145,826  $ 

Municipal securities

  19,377      19,377    

Corporate Notes

  27,081      27,081    

Mortgage-backed Agency securities

  82,928      82,928    

Total available-for-sale debt securities

  280,961      280,961    

Equity securities

  55      55    

Fair value loans

  3,421         3,421 

Derivative assets

  136      136    

Deferred compensation assets

  6,729   6,729       

Deferred compensation liabilities

  8,282   8,282       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
  

Assets

 

(Amounts in thousands)

    

Balance January 1, 2023

 $3,784 

Changes in fair value

  63 

Changes due to principal reduction

  (426)

Balance December 31, 2023

 $3,421 
     

Balance January 1, 2024

 $3,421 

Changes in fair value

  20 

Changes due to principal reduction

  (448)

Balance December 31, 2024

 $2,993 
Fair Value Measurements, Nonrecurring [Table Text Block]
  

December 31, 2024

 
  

Total

  

Fair Value Measurements Using

 
  

Fair Value

  

Level 1

  

Level 2

  

Level 3

 

(Amounts in thousands)

                

Collateral dependent assets with specific reserves

 $531  $  $  $531 

OREO

  521         521 
  

December 31, 2023

 
  

Total

  

Fair Value Measurements Using

 
  

Fair Value

  

Level 1

  

Level 2

  

Level 3

 

(Amounts in thousands)

                

Collateral dependent assets with specific reserves

 $825  $  $  $825 

OREO

  192         192 
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
    

Discount Range

 
 

Valuation

Unobservable

 

(Weighted Average)

 
 

Technique

Input

 

December 31, 2024

 
           

Collateral dependent assets with specific reserves

Discounted appraisals(1)

Appraisal adjustments(2)

  0%  0%

OREO

Discounted appraisals(1)

Appraisal adjustments(2)

  20% to 74%    61%
    

Discount Range

 
 

Valuation

Unobservable

 

(Weighted Average)

 
 

Technique

Input

 

December 31, 2023

 
           

Collateral dependent assets with specific reserves

Discounted appraisals(1)

Appraisal adjustments(2)

  42%   42%

OREO

Discounted appraisals(1)

Appraisal adjustments(2)

  20% to 100%    10%
Fair Value, by Balance Sheet Grouping [Table Text Block]
  

December 31, 2024

 
  

Carrying

      

Fair Value Measurements Using

 

(Amounts in thousands)

 

Amount

  

Fair Value

  

Level 1

  

Level 2

  

Level 3

 

Assets

                    

Cash and cash equivalents

 $377,454  $377,454  $377,454  $  $ 

Debt securities available for sale

  169,849   169,849      169,849    

Equity securities

  55   55      55    

Loans held for investment, net of allowance

  2,381,264   2,177,891         2,177,891 

Interest receivable

  9,207   9,207      1,246   9,635 

Deferred compensation assets

  8,571   8,571   8,571       

Derivative assets

  116   116      116    
                     

Liabilities

                    

Time deposits

  240,541   238,262      238,262    

Securities sold under agreements to repurchase

  906   906      906    

Interest payable

  880   880      880    

Deferred compensation liabilities

  10,189   10,189   10,189       
  

December 31, 2023

 
  

Carrying

      

Fair Value Measurements Using

 

(Amounts in thousands)

 

Amount

  

Fair Value

  

Level 1

  

Level 2

  

Level 3

 

Assets

                    

Cash and cash equivalents

 $116,420  $116,420  $116,420  $  $ 

Debt securities available for sale

  280,961   280,961      280,961    

Equity securities

  55   55      55    

Loans held for investment, net of allowance

  2,536,109   2,350,071         2,350,071 

Interest receivable

  10,881   10,881      1,246   9,635 

Deferred compensation assets

  6,729   6,729   6,729       

Derivative assets

  136   136      136    
                     

Liabilities

                    

Time deposits

  253,373   247,141      247,141    

Securities sold under agreements to repurchase

  1,119   1,119      1,119    

Interest payable

  556   556      556    

Deferred compensation liabilities

  8,282   8,282   8,282