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Note 16 - Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Financial Assets		At December 31, 2023
Securities available-for-sale:		Level 1				Level 2				Level 3				Total
U.S. agency securities		$	—			$	18,018			$	—			$	18,018
Corporate securities			—				12,872				—				12,872
Municipal bonds			—				119,447				—				119,447
Mortgage-backed securities			—				101,248				—				101,248
U.S. Small Business Administration securities			—				41,348				—				41,348
Mortgage loans held for sale, at fair value			—				25,668				—				25,668
Loans receivable, at fair value			—				15,088				—				15,088
Derivatives:
Interest rate lock commitments with customers			—				—				329				329
Interest rate swaps - cash flow and fair value hedges			—				6,431				—				6,431
Interest rate swaps - dealer offsets to customer swap positions			—				64				—				64
Total assets measured at fair value		$	—			$	340,184			$	329			$	340,513
Financial Liabilities
Derivatives:
Mandatory and best effort forward commitments with investors		$	—			$	—			$	(188	)		$	(188	)
Forward TBA mortgage-backed securities			—				(284	)			—				(284	)
Interest rate swaps - cash flow and fair value hedges			—				(375	)			—				(375	)
Interest rate swaps - customer swap positions			—				(63	)			—				(63	)
Total liabilities measured at fair value		$	—			$	(722	)		$	(188	)		$	(910	)

Financial Assets		At December 31, 2022
Securities available-for-sale:		Level 1				Level 2				Level 3				Total
U.S. agency securities		$	—			$	17,288			$	—			$	17,288
Corporate securities			—				8,545				—				8,545
Municipal bonds			—				120,602				—				120,602
Mortgage-backed securities			—				69,966				—				69,966
U.S. Small Business Administration securities			—				12,851				—				12,851
Mortgage loans held for sale, at fair value			—				20,093				—				20,093
Loans receivable, at fair value			—				14,035				—				14,035
Derivatives:
Forward TBA mortgage-backed securities			—				164				—				164
Interest rate lock commitments with customers			—				—				107				107
Interest rate swaps - cash flow and fair value hedges			—				9,870				—				9,870
Total assets measured at fair value		$	—			$	273,414			$	107			$	273,521
Financial Liabilities
Derivatives:
Mandatory and best effort forward commitments with investors		$	—			$	—			$	(38	)		$	(38	)
Total liabilities measured at fair value		$	—			$	—			$	(38	)		$	(38	)

Fair Value Measurements, Nonrecurring [Table Text Block]

		December 31, 2023
		Level 1				Level 2				Level 3				Total
MSRs		$	—			$	—			$	38,163			$	38,163

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

Level 3		Significant						Weighted Average
Fair Value	Valuation	Unobservable						December 31,				December 31,
Instruments	Techniques	Inputs		Range				2023				2022
RECURRING
Interest rate lock commitments with customers	Quoted market prices	Pull-through expectations			80% - 99%				90.5	%			92.5	%
Individual forward sale commitments with investors	Quoted market prices	Pull-through expectations			80% - 99%				90.5	%			92.5	%
NONRECURRING
MSRs	Industry sources	Pre-payment speeds			0% - 50%				7.2	%			8.2	%

Fair Value, Assets (Liabilities) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

						Purchases												Net change in				Net change in
		Beginning				and				Sales and				Ending				fair value for				fair value for
2023		Balance				Issuances				Settlements				Balance				gains/(losses) (1)				gains/(losses) (2)
Interest rate lock commitments with customers		$	107			$	4,291			$	(4,069	)		$	329			$	222			$	—
Individual forward sale commitments with investors			(38	)			66				(216	)			(188	)			(150	)			—
2022
Interest rate lock commitments with customers		$	757			$	3,215			$	(3,865	)		$	107			$	(650	)		$	—
Individual forward sale commitments with investors			808				6,383				(7,229	)			(38	)			(846	)			—
2021
Interest rate lock commitments with customers		$	4,024			$	23,164			$	(26,431	)		$	757			$	(3,267	)		$	—
Individual forward sale commitments with investors			(67	)			2,526				(1,651	)			808				875				—
Securities available-for-sale, at fair value			1,111				40				(13	)			1,138				—				27

Fair Value, by Balance Sheet Grouping [Table Text Block]

		December 31,								December 31,
		2023								2022
Financial Assets		Carrying				Fair				Carrying				Fair
Level 1 inputs:		Amount				Value				Amount				Value
Cash and cash equivalents		$	65,691			$	65,691			$	41,437			$	41,437
Certificates of deposit at other financial institutions			24,167				24,167				4,712				4,712
Level 2 inputs:
Securities available-for-sale, at fair value			292,933				292,933				229,252				229,252
Securities held-to-maturity			8,500				7,666				8,500				7,929
Loans held for sale, at fair value			25,668				25,668				20,093				20,093
FHLB stock, at cost			2,114				2,114				10,611				10,611
Forward TBA mortgage-backed securities			—				—				164				164
Loans receivable, at fair value			15,088				15,088				14,035				14,035
Interest rate swaps - cash flow and fair value hedges			6,431				6,431				9,870				9,870
Accrued interest receivable			14,005				14,005				11,144				11,144
Interest rate swaps - dealer offsets to customer swap positions			64				64				—				—
Level 3 inputs:
Loans receivable, gross			2,417,927				2,276,397				2,204,817				2,153,769
MSRs, held at lower of cost or fair value			9,090				20,552				18,017				35,478
MSRs held for sale, held at lower of cost or fair value			8,086				17,611				—				—
Fair value interest rate locks with customers			—				—				107				107
Financial Liabilities
Level 2 inputs:
Deposits			2,522,323				2,515,026				2,127,741				2,105,926
Borrowings			93,746				93,416				186,528				186,188
Subordinated notes, excluding unamortized debt issuance costs			50,000				43,480				50,000				44,500
Accrued interest payable			5,473				5,473				2,270				2,270
Interest rate swaps - cash flow and fair value hedges			375				375				—				—
Forward TBA mortgage-backed securities			284				284				—				—
Interest rate swaps - customer swap positions			63				63
Level 3 inputs:
Mandatory and best effort forward commitments with investors			188				188				38				38

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