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Note 11 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

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
March 31, 2025
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities		$	-			$	71,201			$	-			$	71,201
Agency CMO			-				64,516				-				64,516
Agency notes and bonds			-				108,015				-				108,015
Treasury notes and bonds			16,693				-				-				16,693
Municipal obligations			-				131,293				-				131,293
Total securities available for sale		$	16,693			$	375,025			$	-			$	391,718
Equity securities		$	905			$	-			$	-				905
Assets Measured on a Nonrecurring Basis
Collateral dependent loans:
Commercial Business		$	-			$	-			$	633			$	633
1-4 Family Residential Construction			-				-				36				36
Total collateral dependent loans		$	-			$	-			$	669			$	669

		Carrying Value
(In thousands)		Level 1				Level 2				Level 3				Total
December 31, 2024
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities		$	-			$	67,941			$	-			$	67,941
Agency CMO			-				47,518				-				47,518
Agency notes and bonds			-				118,080				-				118,080
Treasury notes and bonds			21,549				-				-				21,549
Municipal obligations			-				134,155				-				134,155
Total securities available for sale		$	21,549			$	367,694			$	-			$	389,243
Equity securities		$	886			$	-			$	-				886
Assets Measured on a Nonrecurring Basis
Collateral dependent loans:
Commercial Business		$	-			$	-			$	693			$	693
1-4 Family Residential Construction			-				-				36				36
Total collateral dependent loans		$	-			$	-			$	729			$	729

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
March 31, 2025:
Financial assets:
Cash and cash equivalents		$	116,623			$	116,623			$	116,623			$	-			$	-
Interest-bearing time deposits			2,695				2,729				-				2,729				-
Securities available for sale			391,718				391,718				16,693				375,025				-
Securities held to maturity			7,000				4,591				-				4,591				-
Loans held for sale			341				345				-				345				-
Loans, net			642,941				631,143				-				-				631,143
FHLB and other restricted stock			1,836				N/A				N/A				N/A				N/A
Accrued interest receivable			4,558				4,558				-				4,558				-
Equity securities (included in other assets)			905				905				905				-				-
Financial liabilities:
Deposits			1,083,921				1,083,306				875,286				-				208,020
Accrued interest payable			1,759				1,759				-				1,759				-
December 31, 2024:
Financial assets:
Cash and cash equivalents		$	105,917			$	105,917			$	105,917			$	-			$	-
Interest-bearing time deposits			2,695				2,725				-				2,725				-
Securities available for sale			389,243				389,243				21,549				367,694				-
Securities held to maturity			7,000				4,591				-				4,591				-
Loans held for sale			472				477				-				477				-
Loans, net			631,199				628,057				-				-				628,057
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)			886				886				886				-				-
Financial liabilities:
Deposits			1,066,439				1,065,687				866,559				-				199,128
Accrued interest payable			1,922				1,922				-				1,922				-

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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

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-Topic 820
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-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
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Reference 1: http://www.xbrl.org/2003/role/exampleRef
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-Section 55
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