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Note 11 - Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 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 |
September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets Measured on a Recurring Basis |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency mortgage-backed securities |  | $ | - |  |  | $ | 66,512 |  |  | $ | - |  |  | $ | 66,512 |
Agency CMO |  |  | - |  |  |  | 52,312 |  |  |  | - |  |  |  | 52,312 |
Agency notes and bonds |  |  | - |  |  |  | 121,835 |  |  |  | - |  |  |  | 121,835 |
Treasury notes and bonds |  |  | 34,383 |  |  |  | - |  |  |  | - |  |  |  | 34,383 |
Municipal obligations |  |  | - |  |  |  | 133,427 |  |  |  | - |  |  |  | 133,427 |
Total securities available for sale |  | $ | 34,383 |  |  | $ | 374,086 |  |  | $ | - |  |  | $ | 408,469 |
Equity securities |  | $ | 990 |  |  | $ | - |  |  | $ | - |  |  |  | 990 |
Assets Measured on a Nonrecurring Basis |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateral dependent loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1-4 Family Residential Construction |  | $ | - |  |  | $ | - |  |  | $ | 37 |  |  | $ | 37 |
Commercial Business |  |  | - |  |  |  | - |  |  |  | 770 |  |  |  | 770 |
Total collateral dependent loans |  | $ | - |  |  | $ | - |  |  | $ | 807 |  |  | $ | 807 |
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 |
September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 89,939 |  |  | $ | 89,939 |  |  | $ | 89,939 |  |  | $ | - |  |  | $ | - |
Interest-bearing time deposits |  |  | 2,695 |  |  |  | 2,744 |  |  |  | - |  |  |  | 2,744 |  |  |  | - |
Securities available for sale |  |  | 408,469 |  |  |  | 408,469 |  |  |  | 34,383 |  |  |  | 374,086 |  |  |  | - |
Securities held to maturity |  |  | 7,000 |  |  |  | 4,688 |  |  |  | - |  |  |  | 4,688 |  |  |  | - |
Loans held for sale |  |  | 678 |  |  |  | 692 |  |  |  | - |  |  |  | 692 |  |  |  | - |
Loans, net |  |  | 630,607 |  |  |  | 636,068 |  |  |  | - |  |  |  | - |  |  |  | 636,068 |
FHLB and other restricted stock |  |  | 1,836 |  |  |  | N/A |  |  |  | N/A |  |  |  | N/A |  |  |  | N/A |
Accrued interest receivable |  |  | 4,218 |  |  |  | 4,218 |  |  |  | - |  |  |  | 4,218 |  |  |  | - |
Equity securities (included in other assets) |  |  | 990 |  |  |  | 990 |  |  |  | 990 |  |  |  | - |  |  |  | - |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 1,030,249 |  |  |  | 1,029,528 |  |  |  | - |  |  |  | - |  |  |  | 1,029,528 |
Borrowed funds |  |  | 33,625 |  |  |  | 33,627 |  |  |  | - |  |  |  | 33,627 |  |  |  | - |
Accrued interest payable |  |  | 2,502 |  |  |  | 2,502 |  |  |  | - |  |  |  | 2,502 |  |  |  | - |
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 |  |  |  | - |

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