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Note 3 - Investments (Tables)

3 Months Ended

Mar. 31, 2024

Notes Tables

Investment [Table Text Block]

		March 31, 2024
														Estimated
		Amortized				Unrealized				Unrealized				Fair
SECURITIES AVAILABLE-FOR-SALE		Cost				Gains				Losses				Values				ACL
U.S. agency securities		$	21,151			$	45			$	(3,298	)		$	17,898			$	—
Corporate securities			16,000				90				(890	)			15,200				—
Municipal bonds			86,257				18				(12,722	)			73,553				—
Mortgage-backed securities			131,594				172				(11,964	)			119,802				—
U.S. Small Business Administration securities			54,957				—				(1,767	)			53,190				—
Total securities available-for-sale			309,959				325				(30,641	)			279,643				—
SECURITIES HELD-TO-MATURITY
Corporate securities			8,500				—				(715	)			7,785				45
Total securities held-to-maturity			8,500				—				(715	)			7,785				45
Total securities		$	318,459			$	325			$	(31,356	)		$	287,428			$	45

		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

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

SECURITIES HELD-TO-MATURITY		For the Three Months Ended March 31,
Corporate Securities		2024				2023
Beginning ACL balance		$	45			$	31
Provision for (recapture of) credit losses			—				—
Total ending ACL balance		$	45			$	31

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

		March 31,				December 31,
Corporate securities		2024				2023
BBB/BBB-		$	7,000			$	7,000
BB+			1,500				1,500
Total		$	8,500			$	8,500

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

		March 31, 2024
Purpose or beneficiary		Carrying Value				Amortized Cost				Fair Value
State and local government public deposits		$	34,703			$	40,783			$	34,703
Federal Reserve Bank - Bank Term Funding Program facility ("BTFP")			76,161				89,834				76,161
Total pledged securities		$	110,864			$	130,617			$	110,864

Gain (Loss) on Securities [Table Text Block]

		March 31, 2024
		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		$	—			$	—			$	15,853			$	(3,298	)		$	15,853			$	(3,298	)
Corporate securities			7,846				(154	)			4,263				(736	)			12,109				(890	)
Municipal bonds			1,279				(7	)			71,256				(12,715	)			72,535				(12,722	)
Mortgage-backed securities			25,189				(63	)			66,593				(11,901	)			91,782				(11,964	)
U.S. Small Business Administration securities			45,560				(592	)			7,630				(1,175	)			53,190				(1,767	)
Total securities available-for-sale			79,874				(816	)			165,595				(29,825	)			245,469				(30,641	)
SECURITIES HELD-TO-MATURITY
Corporate securities			—				—				7,785				(715	)			7,785				(715	)
Total securities held-to-maturity			—				—				7,785				(715	)			7,785				(715	)
Total securities		$	79,874			$	(816	)		$	173,380			$	(30,540	)		$	253,254			$	(31,356	)

		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 securities		$	58,754			$	(637	)		$	217,028			$	(36,898	)		$	275,782			$	(37,535	)

Investments Classified by Contractual Maturity Date [Table Text Block]

		March 31,								December 31,
		2024								2023
SECURITIES AVAILABLE-FOR-SALE		Amortized				Fair				Amortized				Fair
U.S. agency securities		Cost				Value				Cost				Value
Due within one year		$	917			$	914			$	922			$	914
Due after one year through five years			3,951				3,537				3,947				3,544
Due after five years through ten years			11,973				10,067				11,972				10,139
Due after ten years			4,310				3,380				4,310				3,421
Subtotal			21,151				17,898				21,151				18,018
Corporate securities
Due within one year			—				—				1,000				1,004
Due after one year through five years			10,000				9,985				6,000				6,609
Due after five years through ten years			4,000				3,822				4,000				3,839
Due after ten years			2,000				1,393				2,000				1,420
Subtotal			16,000				15,200				13,000				12,872
Municipal bonds
Due within one year			1,006				1,000				1,013				1,003
Due after one year through five years			82				81				757				751
Due after five years through ten years			4,037				3,836				7,603				7,101
Due after ten years			81,132				68,636				129,430				110,592
Subtotal			86,257				73,553				138,803				119,447
Mortgage-backed securities
Federal National Mortgage Association (“FNMA”)			83,863				73,301				76,369				66,275
Federal Home Loan Mortgage Corporation (“FHLMC”)			36,178				35,532				32,311				31,376
Government National Mortgage Association (“GNMA”)			11,553				10,969				4,175				3,597
Subtotal			131,594				119,802				112,855				101,248
U.S. Small Business Administration securities
Due within one year			42				41				198				196
Due after one year through five years			1,656				1,584				1,860				1,824
Due after five years through ten years			27,916				27,317				21,420				20,929
Due after ten years			25,343				24,248				19,408				18,399
Subtotal			54,957				53,190				42,886				41,348
Total securities available-for-sale			309,959				279,643				328,695				292,933
SECURITIES HELD-TO-MATURITY
Corporate securities
Due after five years through ten years			8,500				7,785				8,500				7,666
Total securities held-to-maturity			8,500				7,785				8,500				7,666
Total securities		$	318,459			$	287,428			$	337,195			$	300,599

Schedule of Realized Gain (Loss) [Table Text Block]

		March 31, 2024
					Gross			Gross
		Proceeds			Gains			(Losses)
Securities available-for-sale		$	44,036		$	—		$	(7,998)

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