XML 49 R36.htm IDEA: XBRL DOCUMENT v3.24.0.1

Note 3 - Investments (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

Investment [Table Text Block]

		December 31, 2023
														Estimated
		Amortized				Unrealized				Unrealized				Fair
SECURITIES AVAILABLE-FOR-SALE		Cost				Gains				Losses				Values				ACL
U.S. agency securities		$	21,151			$	46			$	(3,179	)		$	18,018			$	—
Corporate securities			13,000				613				(741	)			12,872				—
Municipal bonds			138,803				42				(19,398	)			119,447				—
Mortgage-backed securities			112,855				238				(11,845	)			101,248				—
U.S. Small Business Administration securities			42,886				—				(1,538	)			41,348				—
Total securities available-for-sale			328,695				939				(36,701	)			292,933				—
SECURITIES HELD-TO-MATURITY
Corporate securities			8,500				—				(834	)			7,666				45
Total securities held-to-maturity			8,500				—				(834	)			7,666				45
Total securities		$	337,195			$	939			$	(37,535	)		$	300,599			$	45

		December 31, 2022
														Estimated
		Amortized				Unrealized				Unrealized				Fair
SECURITIES AVAILABLE-FOR-SALE		Cost				Gains				Losses				Values				ACL
U.S. agency securities		$	21,153			$	—			$	(3,865	)		$	17,288			$	—
Corporate securities			9,497				27				(979	)			8,545				—
Municipal bonds			144,200				21				(23,619	)			120,602				—
Mortgage-backed securities			82,424				—				(12,458	)			69,966				—
U.S. Small Business Administration securities			14,519				—				(1,668	)			12,851				—
Total securities available-for-sale			271,793				48				(42,589	)			229,252				—
SECURITIES HELD-TO-MATURITY
Corporate securities			8,500				—				(571	)			7,929				31
Total securities held-to-maturity			8,500				—				(571	)			7,929				31
Total securities		$	280,293			$	48			$	(43,160	)		$	237,181			$	31

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Table Text Block]

SECURITIES HELD-TO-MATURITY		For the Year Ended
Corporate Securities		December 31, 2023				December 31, 2022
Beginning ACL balance		$	31			$	—
Impact of adopting ASU 2016-13			—				72
Provision for (recapture of) credit losses			14				(41	)
Securities charged-off			—				—
Recoveries			—				—
Total ending ACL balance		$	45			$	31

Debt Securities, Held-to-Maturity, Credit Quality Indicator [Table Text Block]

		December 31,
Corporate securities		2023				2022
BBB/BBB-		$	7,000			$	8,500
BB+			1,500				—
Total		$	8,500			$	8,500

Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]

		December 31, 2023
Purpose or beneficiary		Carrying Value				Amortized Cost				Fair Value
State and local government public deposits		$	39,704			$	45,689			$	39,704
FRB - Bank Term Funding Program facility ("BTFP")			77,043				90,195				77,043
Total pledged securities		$	116,747			$	135,884			$	116,747

Gain (Loss) on Securities [Table Text Block]

		December 31, 2023
		Less than 12 Months								12 Months or Longer								Total
		Fair				Unrealized				Fair				Unrealized				Fair				Unrealized
SECURITIES AVAILABLE-FOR-SALE		Value				Losses				Value				Losses				Value				Losses
U.S. agency securities		$	—			$	—			$	15,972			$	(3,179	)		$	15,972			$	(3,179	)
Corporate securities			959				(41	)			4,300				(700	)			5,259				(741	)
Municipal bonds			3,922				(23	)			113,577				(19,375	)			117,499				(19,398	)
Mortgage-backed securities			20,662				(113	)			67,376				(11,732	)			88,038				(11,845	)
U.S. Small Business Administration securities			33,211				(460	)			8,137				(1,078	)			41,348				(1,538	)
Total securities available-for-sale		$	58,754			$	(637	)		$	209,362			$	(36,064	)		$	268,116			$	(36,701	)
SECURITIES HELD-TO-MATURITY
Corporate securities			—				—				7,666				(834	)			7,666				(834	)
Total securities held-to-maturity			—				—				7,666				(834	)			7,666				(834	)
Total		$	58,754			$	(637	)		$	217,028			$	(36,898	)		$	275,782			$	(37,535	)

		December 31, 2022
		Less than 12 Months								12 Months or Longer								Total
		Fair				Unrealized				Fair				Unrealized				Fair				Unrealized
SECURITIES AVAILABLE-FOR-SALE		Value				Losses				Value				Losses				Value				Losses
U.S. agency securities		$	3,823			$	(118	)		$	13,465			$	(3,747	)		$	17,288			$	(3,865	)
Corporate securities			2,494				(4	)			4,026				(975	)			6,520				(979	)
Municipal bonds			44,261				(5,794	)			73,990				(17,825	)			118,251				(23,619	)
Mortgage-backed securities			29,791				(3,188	)			40,175				(9,270	)			69,966				(12,458	)
U.S. Small Business Administration securities			10,807				(1,162	)			2,044				(506	)			12,851				(1,668	)
Total securities available-for-sale		$	91,176			$	(10,266	)		$	133,700			$	(32,323	)		$	224,876			$	(42,589	)
SECURITIES HELD-TO-MATURITY
Corporate securities			7,929				(571	)			—				—				7,929				(571	)
Total securities held-to-maturity			7,929				(571	)			—				—				7,929				(571	)
Total		$	99,105			$	(10,837	)		$	133,700			$	(32,323	)		$	232,805			$	(43,160	)

Investments Classified by Contractual Maturity Date [Table Text Block]

		December 31,
		2023								2022
SECURITIES AVAILABLE-FOR-SALE		Amortized				Fair				Amortized				Fair
U.S. agency securities		Cost				Value				Cost				Value
Due within one year		$	922			$	914			$	—			$	—
Due after one year through five years			3,947				3,544				4,874				4,321
Due after five years through ten years			11,972				10,139				6,989				5,963
Due after ten years			4,310				3,421				9,290				7,004
Subtotal			21,151				18,018				21,153				17,288
Corporate securities
Due within one year			1,000				1,004				1,000				997
Due after one year through five years			6,000				6,609				2,497				2,519
Due after five years through ten years			4,000				3,839				4,000				3,763
Due after ten years			2,000				1,420				2,000				1,266
Subtotal			13,000				12,872				9,497				8,545
Municipal bonds
Due within one year			1,013				1,003				2,660				2,644
Due after one year through five years			757				751				1,038				1,012
Due after five years through ten years			7,603				7,101				6,341				5,771
Due after ten years			129,430				110,592				134,161				111,175
Subtotal			138,803				119,447				144,200				120,602
Mortgage-backed securities
Federal National Mortgage Association (“FNMA”)			76,369				66,275				68,421				57,358
Federal Home Loan Mortgage Corporation (“FHLMC”)			32,311				31,376				9,290				8,424
Government National Mortgage Association (“GNMA”)			4,175				3,597				4,713				4,184
Subtotal			112,855				101,248				82,424				69,966
U.S. Small Business Administration securities
Due within one year			198				196				—				—
Due after one year through five years			1,860				1,824				2,553				2,407
Due after five years through ten years			21,420				20,929				4,461				3,996
Due after ten years			19,408				18,399				7,505				6,448
Subtotal			42,886				41,348				14,519				12,851
Total securities available-for-sale			328,695				292,933				271,793				229,252
SECURITIES HELD-TO-MATURITY
Corporate securities
Due after five years through ten years			8,500				7,666				8,500				7,929
Total securities held-to-maturity			8,500				7,666				8,500				7,929
Total securities		$	337,195			$	300,599			$	280,293			$	237,181

X

- Definition

Tabular disclosure of allowance for credit loss on investment in debt security measured at amortized cost (held-to-maturity).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-13

+ Details

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

X

- Definition

Tabular disclosure of credit quality indicator for investment in debt security measured at amortized cost (held-to-maturity).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-5

+ Details

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

X

- Definition

Tabular disclosure of realized and unrealized gain (loss) on investment in security.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(7)(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(9)(a))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

+ Details

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

X

- Definition

Tabular disclosure of investment.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//320/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Topic 321
-Publisher FASB
-URI https://asc.fasb.org//321/tableOfContent

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Topic 325
-Publisher FASB
-URI https://asc.fasb.org//325/tableOfContent

+ Details

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

X

- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

+ References

No definition available.

+ Details

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

X

- Definition

Tabular disclosure of financial instruments held by the entity for its own account for trading or investment purposes that are carried at fair value and pledged to counterparties as collateral for financing transactions. Description may include equity, fixed income, debt or other securities.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 860
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481444/860-30-45-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 860
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481420/860-30-50-1A

+ Details

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

X

- References

No definition available.

+ Details

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