XML 39 R28.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Note 11 - Fair Value Measurements (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Notes Tables |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block] |
|  | Carrying Value |
(In thousands) |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets Measured on a Recurring Basis |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency mortgage-backed securities |  | $ | - |  |  | $ | 65,613 |  |  | $ | - |  |  | $ | 65,613 |
Agency CMO |  |  | - |  |  |  | 47,808 |  |  |  | - |  |  |  | 47,808 |
Agency notes and bonds |  |  | - |  |  |  | 127,522 |  |  |  | - |  |  |  | 127,522 |
Treasury notes and bonds |  |  | 44,791 |  |  |  | - |  |  |  | - |  |  |  | 44,791 |
Municipal obligations |  |  | - |  |  |  | 128,567 |  |  |  | - |  |  |  | 128,567 |
Total securities available for sale |  | $ | 44,791 |  |  | $ | 369,510 |  |  | $ | - |  |  | $ | 414,301 |
Equity securities |  | $ | 1,186 |  |  | $ | - |  |  | $ | - |  |  |  | 1,186 |
Assets Measured on a Nonrecurring Basis |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateral dependent loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1-4 Family Residential Construction |  | $ | - |  |  | $ | - |  |  | $ | 37 |  |  | $ | 37 |
Commercial Business |  |  | - |  |  |  | - |  |  |  | 1,178 |  |  |  | 1,178 |
Total collateral dependent loans |  | $ | - |  |  | $ | - |  |  | $ | 1,215 |  |  | $ | 1,215 |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets Measured on a Recurring Basis |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency mortgage-backed securities |  | $ | - |  |  | $ | 72,044 |  |  | $ | - |  |  | $ | 72,044 |
Agency CMO |  |  | - |  |  |  | 25,173 |  |  |  | - |  |  |  | 25,173 |
Agency notes and bonds |  |  | - |  |  |  | 129,505 |  |  |  | - |  |  |  | 129,505 |
Treasury notes and bonds |  |  | 63,084 |  |  |  | - |  |  |  | - |  |  |  | 63,084 |
Municipal obligations |  |  | - |  |  |  | 147,465 |  |  |  | - |  |  |  | 147,465 |
Total securities available for sale |  | $ | 63,084 |  |  | $ | 374,187 |  |  | $ | - |  |  | $ | 437,271 |
Equity securities |  | $ | 1,260 |  |  | $ | - |  |  | $ | - |  |  |  | 1,260 |
Assets Measured on a Nonrecurring Basis |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateral dependent loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1-4 Family Residential Mortgage |  | $ | - |  |  | $ | - |  |  | $ | 27 |  |  | $ | 27 |
1-4 Family Residential Construction |  |  | - |  |  |  | - |  |  |  | 27 |  |  |  | 27 |
Total collateral dependent loans |  | $ | - |  |  | $ | - |  |  | $ | 54 |  |  | $ | 54 |
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  | Carrying |  |  | Fair |  |  | Fair Value Measurements Using |
(In thousands) |  | Value |  |  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 50,571 |  |  | $ | 50,571 |  |  | $ | 50,571 |  |  | $ | - |  |  | $ | - |
Interest-bearing time deposits |  |  | 2,940 |  |  |  | 2,932 |  |  |  | - |  |  |  | 2,932 |  |  |  | - |
Securities available for sale |  |  | 414,301 |  |  |  | 414,301 |  |  |  | 44,791 |  |  |  | 369,510 |  |  |  | - |
Securities held to maturity |  |  | 7,000 |  |  |  | 4,494 |  |  |  | - |  |  |  | 4,494 |  |  |  | - |
Loans held for sale |  |  | 2,174 |  |  |  | 2,212 |  |  |  | - |  |  |  | 2,212 |  |  |  | - |
Loans, net |  |  | 630,024 |  |  |  | 624,644 |  |  |  | - |  |  |  | - |  |  |  | 624,644 |
FHLB and other restricted stock |  |  | 1,836 |  |  |  | N/A |  |  |  | N/A |  |  |  | N/A |  |  |  | N/A |
Accrued interest receivable |  |  | 4,575 |  |  |  | 4,575 |  |  |  | - |  |  |  | 4,575 |  |  |  | - |
Equity securities (included in other assets) |  |  | 1,186 |  |  |  | 1,186 |  |  |  | 1,186 |  |  |  | - |  |  |  | - |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 1,014,246 |  |  |  | 1,012,811 |  |  |  | - |  |  |  | - |  |  |  | 1,012,811 |
Borrowed funds |  |  | 33,625 |  |  |  | 33,519 |  |  |  | - |  |  |  | 33,519 |  |  |  | - |
Accrued interest payable |  |  | 2,352 |  |  |  | 2,352 |  |  |  | - |  |  |  | 2,352 |  |  |  | - |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 38,670 |  |  | $ | 38,670 |  |  | $ | 38,670 |  |  | $ | - |  |  | $ | - |
Interest-bearing time deposits |  |  | 3,920 |  |  |  | 3,925 |  |  |  | - |  |  |  | 3,925 |  |  |  | - |
Securities available for sale |  |  | 437,271 |  |  |  | 437,271 |  |  |  | 63,084 |  |  |  | 374,187 |  |  |  | - |
Securities held to maturity |  |  | 7,000 |  |  |  | 4,446 |  |  |  | - |  |  |  | 4,446 |  |  |  | - |
Loans held for sale |  |  | 800 |  |  |  | 811 |  |  |  | - |  |  |  | 811 |  |  |  | - |
Loans, net |  |  | 614,409 |  |  |  | 609,243 |  |  |  | - |  |  |  | - |  |  |  | 609,243 |
FHLB and other restricted stock |  |  | 1,836 |  |  |  | N/A |  |  |  | N/A |  |  |  | N/A |  |  |  | N/A |
Accrued interest receivable |  |  | 4,788 |  |  |  | 4,788 |  |  |  | - |  |  |  | 4,788 |  |  |  | - |
Equity securities (included in other assets) |  |  | 1,260 |  |  |  | 1,260 |  |  |  | 1,260 |  |  |  | - |  |  |  | - |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 1,025,211 |  |  |  | 1,023,813 |  |  |  | - |  |  |  | - |  |  |  | 1,023,813 |
Borrowed funds |  |  | 21,500 |  |  |  | 21,470 |  |  |  | - |  |  |  | 21,470 |  |  |  | - |
Accrued interest payable |  |  | 1,209 |  |  |  | 1,209 |  |  |  | - |  |  |  | 1,209 |  |  |  | - |

X
- Definition Tabular disclosure of assets measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
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