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Note 5 - Financial Instruments and Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2024
Notes Tables |
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  |  |  |  |  |  |  |  |  | Hierarchy |
(in thousands) |  | Carrying |  |  | Fair |  |  | Valuation |
|  | Amount |  |  | Value |  |  | Level |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 213,907 |  |  | $ | 213,907 |  |  |  | 1 |
Restricted equity securities |  |  | 6,285 |  |  |  | 6,285 |  |  |  | 2 |
Loans, net |  |  | 1,062,230 |  |  |  | 989,539 |  |  |  | 3 |
Interest receivable |  |  | 8,085 |  |  |  | 8,085 |  |  |  | 2 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | (1,690,301 | ) |  |  | (1,689,844 | ) |  |  | 3 |
Interest payable |  |  | (232 | ) |  |  | (232 | ) |  |  | 2 |
Off-balance-sheet liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Commitments and standby letters of credit |  |  |  |  |  |  | (1,766 | ) |  |  | 3 |
|  |  |  |  |  |  |  |  |  | Hierarchy |
(in thousands) |  | Carrying |  |  | Fair |  |  | Valuation |
|  | Amount |  |  | Value |  |  | Level |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 216,568 |  |  | $ | 216,568 |  |  |  | 1 |
Restricted equity securities |  |  | 5,956 |  |  |  | 5,956 |  |  |  | 2 |
Loans, net |  |  | 1,004,277 |  |  |  | 917,242 |  |  |  | 3 |
Interest receivable |  |  | 8,386 |  |  |  | 8,386 |  |  |  | 2 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | (1,650,534 | ) |  |  | (1,649,808 | ) |  |  | 3 |
Interest payable |  |  | (128 | ) |  |  | (128 | ) |  |  | 2 |
Off-balance-sheet assets (liabilities): |  |  |  |  |  |  |  |  |  |  |  |
Commitments and standby letters of credit |  |  |  |  |  |  | (1,863 | ) |  |  | 3 |
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block] |
|  | Fair Value Measurements as of September 30, 2024 Using |
(in thousands) |  | September 30, 2024 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Assets and liabilities measured on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. agencies |  | $ | 93,982 |  |  | $ | 0 |  |  | $ | 93,982 |  |  | $ | 0 |
Collateralized mortgage obligations |  |  | 26,098 |  |  |  | 0 |  |  |  | 26,098 |  |  |  | 0 |
Municipalities |  |  | 306,212 |  |  |  | 0 |  |  |  | 306,212 |  |  |  | 0 |
SBA pools |  |  | 940 |  |  |  | 0 |  |  |  | 940 |  |  |  | 0 |
Corporate debt |  |  | 41,033 |  |  |  | 0 |  |  |  | 41,033 |  |  |  | 0 |
Asset-backed securities |  |  | 49,067 |  |  |  | 0 |  |  |  | 49,067 |  |  |  | 0 |
Equity Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mutual fund |  | $ | 3,274 |  |  | $ | 3,274 |  |  | $ | 0 |  |  | $ | 0 |
Assets and liabilities measured on a non-recurring basis: |  |  | N/A |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Fair Value Measurements at December 31, 2023 Using |
(in thousands) |  | December 31, 2023 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Assets and liabilities measured on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. agencies |  | $ | 80,259 |  |  | $ | 0 |  |  | $ | 80,259 |  |  | $ | 0 |
Collateralized mortgage obligations |  |  | 8,664 |  |  |  | 0 |  |  |  | 8,664 |  |  |  | 0 |
Municipalities |  |  | 328,908 |  |  |  | 0 |  |  |  | 328,908 |  |  |  | 0 |
SBA pools |  |  | 1,395 |  |  |  | 0 |  |  |  | 1,395 |  |  |  | 0 |
Corporate debt |  |  | 43,517 |  |  |  | 0 |  |  |  | 43,517 |  |  |  | 0 |
Asset backed securities |  |  | 55,335 |  |  |  | 0 |  |  |  | 55,335 |  |  |  | 0 |
Equity Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mutual fund |  | $ | 3,132 |  |  | $ | 3,132 |  |  | $ | 0 |  |  | $ | 0 |
Assets and liabilities measured on a non-recurring basis: |  |  | N/A |  |  |  |  |  |  |  |  |  |  |  |  |

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